Coinbase has added ZetaChain mainnet to its ecosystem. Coinbase Prime now offers institutional custody for ZETA. This move brings more security and accessibility for users. Coinbase also joined as a validator, allowing ZETA staking and rewards within its platform.
ZetaChain is making big strides in blockchain interoperability. It has launched full support for Base, making it easier to interact across networks like Base, Bitcoin, and Ethereum. ZetaChain aims to fix one of the biggest issues in crypto: blockchains being isolated from one another.
The other thing that developers and consumers have to deal with is accessing various networks without running into any problems. For instance, a developer working on a decentralized application (dApp) on one chain usually ties all users to that chain. Moving to another dApp on a different chain may be rather challenging.
ZetaChain as a Universal L1 blockchain
ZetaChain changes this by acting as a Universal Layer 1 (L1) blockchain. It connects to different blockchains seamlessly. Developers can build Universal Apps that work across any network, removing the need to switch between blockchains. This offers a more efficient and connected experience.
Coinbase’s role as a validator boosts ZetaChain’s security. Validators stake ZETA tokens and vote on new blocks. They earn rewards for their work. Users can also delegate ZETA to validators like Coinbase and earn rewards.
ZetaChain uses observers, signers, and validators to secure transactions and keep everything running smoothly across connected blockchains. Each of these roles earns rewards.
One of its main advantages is zEVM which is an execution layer that interacts seamlessly with Ethereum. The intrachain interoperation is becoming more convenient for developers using zEVM. They can switch assets and data from one chain to another in a single transaction, making the process more efficient.
ZetaChain also claims to have unified the crypto ecosystem by introducing innovative capabilities. It equips developers with the indispensable kit for creating superior apps, making user interaction with the chains much more comfortable. The involvement of the San Francisco-based crypto platform is just another in a series of moves toward the goal of blockchain interoperability.
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