ZetaChain price

ZETA

#195

ZetaChain’s founder was an early Coinbase employee and one of the creators of Basic Attention Token (BAT). Investors include all major market makers, top exchanges, early Coinbase and Binance employees including Dan Romero, Sam Rosenblum, and John Yi, as well as major contributors to some of the industry’s most widely adopted protocols and well known funds, including Polygon’s JD Kanani.

Advisors to the project include Coinbase’s first Head of People Nathalie McGrath who scaled the industry leading exchange from 10 employees to over 800, and Juan Suarez, who served as in-house counsel at Coinbase from 2013 to 2022.

ZetaChain is a Proof of Stake (PoS) blockchain built on Cosmos SDK and Tendermint consensus, which can connect to external blockchains (e.g., Ethereum, BSC, Solana, Avalanche, Terra, Bitcoin) and layers (e.g., Polygon, Optimism, Arbitrum) in a decentralized (without a single point of failure, trustless, permissionless), transparent, and efficient way.

The ZetaChain architecture consists of validators, observers, and signers. Validators participate in block production and receive rewards proportional to their bonded staking coins, observers reach consensus on external chain events and states, and signers, in a distributed fashion, hold standard ECDSA/EdDSA keys to sign messages on behalf of ZetaChain. ZetaChain utilizes GG20 leaderless Threshold Signature Scheme (TSS), which does distributed key generation and key signing. No single ZetaChain node or other individual has access to the complete private key at any point in time. All the inbound/outbound transactions and decisions made (through state change) are recorded in the ZetaChain blocks, which are available, immutable, verifiable, and completely transparent.