ZetaChain (ZETA) is a Layer 1 network that connects multiple crypto ecosystems without relying on wrapped tokens, facilitating interoperability between different blockchains.
ZetaChain enables omnichain connectivity through its Chain Abstraction Framework (CAF), allowing native access to smart contract-enabled and non-smart contract blockchains, such as Bitcoin, Ethereum, and Solana.
It features a universal EVM that provides a synchronous environment for interacting with any chain, managing native assets, and supporting asynchronous messaging to call contracts on other networks. This allows developers to build cross-chain smart contracts that seamlessly interact with multiple blockchains.
ZETA is the native cryptocurrency of ZetaChain, serving multiple purposes, such as paying for transaction fees, securing the Proof of Stake (PoS) network through staking and slashing, and allowing holders to vote on network proposals in the governance ecosystem.