ZetaChain Launches Gateway, Targets Devs and Users
Highlights
- ZetaChain rolled out two updates; Gateway and Localnet.
- This is meant to improve cross-chain interaction with users.
- In addition to these, unified liquidity aims to reduce fragmentation.
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.
Announcing Gateway, a new upgrade that lets users access apps from any new chain supported by ZetaChain including Bitcoin, while developers only need to deploy once. Gateway plays a significant role in the ZetaChain 2.0 upgrades. Learn more: https://t.co/HFnfD83BE9
— ZetaChain (@zetablockchain) July 18, 2024
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.
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