- Coinbase integrates ZetaChain into its ecosystem, enhancing cross-chain interactions and staking rewards.
- ZetaChain launches Base support, simplifying seamless interoperability across multiple blockchains.
- It’s Universal Apps and zEVM offer developers versatile cross-chain functionalities.
Coinbase has made significant strides by integrating ZetaChain’s mainnet as a default network within its ecosystem. Institutional custody for ZETA tokens is now supported through Coinbase Prime, opening up broader access for institutional investors. Furthermore, Coinbase has become a validator for ZetaChain, allowing users to engage in native ZETA staking and earn rewards.
According to the blog post, this collaboration is set to simplify the complexities of blockchain interoperability by offering a unified platform that connects various networks, including Bitcoin, Ethereum, and now Base. This integration marks a milestone in bridging isolated blockchains and facilitating smoother interactions across different platforms.
ZetaChain Unlocks Universal Connectivity
ZetaChain operates as a Universal Layer 1 blockchain, designed to agnostically connect with other networks. With the launch of full Base support, it enables seamless interactions across multiple blockchains, improving user and developer experiences alike. Its native execution layer, zEVM, offers Ethereum Virtual Machine compatibility, simplifying cross-chain development.
Its ability to allow developers to build once and deploy universally, which sets it apart, enabling interactions across connected chains from a single contract. This means users can access decentralized applications (dApps) from different chains without switching networks. Developers, in turn, avoid the need to deploy apps on multiple blockchains, making it easier to create and maintain cross-chain applications.
Enhancing Security and Liquidity
To ensure security and efficient liquidity flow across its ecosystem, ZetaChain implements liquidity caps and rate limiters. These mechanisms prevent over-withdrawals and network abuse during high-traffic periods, safeguarding the network’s stability. Additionally, the ZETA token, with an initial supply of 2.1 billion, plays a crucial role in securing the network and facilitating cross-chain transactions.
By leveraging its governance model, ZetaChain allows for flexibility in adjusting monetary policies and other network parameters, ensuring the long-term sustainability of its platform. As we step into the multichain future, its innovations aim to make blockchain technology more accessible, efficient, and secure for users and developers.
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