ZetaChain (ZETA)

Cross-Chain Transactions

ZetaChain enables users to send tokens and data across different blockchains easily, making it simpler to interact with multiple crypto networks.

Decentralized Finance (DeFi)

It supports DeFi applications by allowing assets and information to move freely between chains, helping create more connected financial services.

Smart Contract Interactions

ZetaChain allows smart contracts on different blockchains to communicate and work together, expanding their functionality.

Token Transfers

Users can transfer tokens seamlessly between various blockchains without needing multiple steps or intermediaries.

Network Security and Consensus

ZetaChain uses its own network to secure cross-chain operations, ensuring smooth and reliable transactions across chains.

Pros

• Unique Technology: ZetaChain enables seamless communication and interoperability between different blockchains, including those without smart contract support like Bitcoin.
• Omnichain Connectivity: It supports cross-chain smart contracts and asset transfers natively, making it easier to build multi-chain applications.
• Built on Cosmos SDK and Tendermint: This provides a strong foundation with Proof-of-Stake consensus for scalability and security.
• Decentralized Network: Uses distributed nodes and consensus to validate transactions, enhancing trust and transparency.
• Strong Community and PR: Active marketing and public sales on major exchanges help grow adoption and awareness.

Cons

• Price Volatility: Like many crypto tokens, ZetaChain’s token price can be volatile.
• Competition: Faces competition from other Layer 0 and interoperability projects, which may affect market position.
• Early Stage: Some features and ecosystem developments are still in progress, which may limit immediate use cases.

For more details, visit the official ZetaChain website and documentation.

Founders of ZetaChain

• Ankur Nandwani: Former Coinbase employee and co-creator of the Basic Attention Token (BAT).
• Dan Romero, Sam Rosenblum, and John Yi: Early Coinbase employees involved in founding ZetaChain.
• Charlie Pyle: Also recognized as a founder and Chief Product Officer.

These founders bring experience from major crypto projects and companies to build ZetaChain.

Key Investors in ZetaChain

ZetaChain has raised about $27 million from a variety of investors. Some of the main investors include:

• Blockchain.com
• Human Capital
• VY Capital
• Sky9 Capital
• Jane Street Capital
• VistaLabs
• CMT Digital
• Foundation Capital
• Lingfeng Capital
• GSR Ventures
• Kudasai
• Krust

Additionally, ZetaChain has received support from big names like Google Cloud, Deutsche Telekom, Alibaba, stc Bahrain, and Coinbase.

Halal Status

Yes, ZetaChain is considered halal. It does not involve activities against Shariah principles like interest (riba) or gambling.

Reason

ZetaChain is a blockchain platform focused on connecting different blockchains and enabling decentralized applications. It acts as a neutral technology tool without engaging in prohibited financial practices.