Coinbase integrates ZetaChain mainnet, supports ZETA custody, and enhances multichain experience with universal smart contracts and improved developer tools.
Coinbase has integrated ZetaChain mainnet as a default network within its ecosystem, now supporting ZETA for institutional custody on Coinbase Prime. Additionally, Coinbase has joined ZetaChain as a validator, enabling native ZETA staking and rewards. ZetaChain has also launched full support for Base.
The challenge of interoperability in the blockchain world is often compared to having multiple computers without an internet connection. This is because each blockchain is wholly separate from the others, which makes it challenging for developers and users of the various platforms to communicate. To address this problem, ZetaChain has provided a Universal Layer 1 (L1) blockchain that can interconnect with other networks. It is compatible with Layer 1 blockchains and Layer 2 blockchains, as well as other non-smart chain systems such as Bitcoin.
ZetaChain operates with three main node types: Validators, Observers, and Signers. Validators are responsible for voting on blocks and have the more significant part of the ZETA as a reward for their actions. External blockchains are monitored by observers for any event or transaction of interest, while Signers possess the keys necessary to interact with other chains and maintain security. Every node type has tasks to perform to ensure the functionality and stability of the ZetaChain in one or multiple interconnected networks.
Coinbase Navigates Multichain Landscape, ZetaChain Simplifies Developer Experience
ZetaChain’s zEVM allows running smart contracts that can transact with assets on other chains. This makes it a perfect solution for developers to deploy their app once and reach users on any chain. The Chain Abstraction Framework (CAF) was developed to address this challenge. As a result, it would make it easier for developers to create applications that can be used on multiple chains and for users to engage with them.
ZetaChain integrated Universal Smart Contracts that do not require redeployment across different blockchains. These contracts allow for asset exchange and transaction between chains. This makes work easy for developers while enhancing the usability of the application to the users.
The Gateway of ZetaChain is a single entry point for tokens, contract requests, and data entry. It makes communication within multiple blockchains particularly easy.
Additionally, the ZetaChain is significantly secure. It employs liquidity caps and rate limiters to help maintain and guarantee fast and secure transactions. The ZETA token plays a key role, securing the network and facilitating cross-chain transactions. It also powers the network’s Proof of Stake consensus mechanism.
Lastly, Coinbase is still navigating the early stages of the multichain world. Improving the experience for both developers and users is key. ZetaChain, on the other hand, is working to simplify this process. By enabling the creation of Universal Apps, developers can deploy once and access features across various chains. This approach will offer users a more powerful and seamless experience. As a result, both developers and users stand to benefit from a more unified multichain ecosystem.
