ZetaChain Launches Gateway, Targets Devs and Users

News

ZetaChain has announced Gateway, a new upgrade that allows users to access apps from multiple networks supported by the platform. This marks another step towards blockchain interoperability and improving its easy access to developers and users. The network’s Universal EVM Will directly become more seamless due to the integration.

ZetaChain Rolls Out Gateway 

In a July 18 release, ZetaChain disclosed Gateway and Localnet to boost interoperability and allow access from new chains supported by the network including Bitcoin. This update allows app on the its Universal EVM to connect without switching networks by utilizing the ZRC 20 standard. 

Gateway integrations revamped the smart contract interface with externally owned accounts (EOAs) allowed to send tokens and call Universal Apps in a unified API. This fosters the hub-and-spoke model rather than the previous point-to-point messaging which was marred with complexities without extending to non-smart chains.

“The hub-and-spoke model offered by Universal Apps lets you manage native foreign assets and data from a single place. Rather, point-to-point messaging between contracts on different chains is complex, difficult to scale, and cannot extend to non-smart chains such as Bitcoin.”

Furthermore, Gateway unlocks multi-step operations through a single click. Users can now send Bitcoin to a Universal App on the network or in a USDC transfer to Ethereum. ”For example, a Bitcoin user can interact with a Universal App to send USDC to a recipient on Ethereum. An Ethereum user can buy an NFT on ZetaChain and send it to their account on the BNB chain all in one step,” the platform added. 

New Era of Interoperability 

According to the release, devs and users will gain from easy maintenance, better scalability, chain abstraction, and unified liquidity. Particularly linear scalability will come in handy towards a future-proof blockchain interoperability. Unified liquidity makes cross-chain transcription efficient while reducing fragmentation in the system. Chain abstraction connects with multiple networks without multiple management. 

Also Read: OpenAI Launches GPT-40 Mini As Latest AI Breakthrough

The post ZetaChain Launches Gateway, Targets Devs and Users appeared first on CoinGape.

Earn more CFN tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://cryptoforum.news0

CFN Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed

Leave a Reply