Public L1 blockchain ZetaChain releases key updates to its testnet, bringing it one step closer to becoming the first generic cross-chain smart contract platform, the company announces today.
The upgraded testnet includes the launch of the blockchain Explorer app ZetaScan, making the network fully transparent and explorable. In addition, to live transaction monitoring, ZetaChain releases new cross-chain DEX code for developers and partners to build powerful omnichain dApps in DeFi. Find the live developer docs here: docs.zetachain.com.
The project – backed by early Coinbase and Binance employees and a handful of others – believes its tech will put an end to the high-risk, “tribal” era of multichain, providing a blockchain with generic omnichain smart contract support.
“What separates Zetachain from other competitors… is that even blockchains without smart contracts, such as Bitcoin, can be incorporated into the multi-chain network”, writes Amber Group in its market analysis on interoperability. The platform will enable “interoperability between chains and allow for new ecosystems to be built upon them.”
ZetaChain is the foundational layer to a multichain future. The novel blockchain enables multichain functionality without using bridges or wrapped tokens and the easy deployment of omnichain-dApps, or odApps. These applications can manage and connect data and value across all smart contract platforms as well as non-smart contract platforms like Bitcoin and Dogecoin.
Disclaimer: This is a paid post and should not be treated as news/advice.