Which chain is the ZetaChain (ZETA) coin on?

The ZetaChain blockchain, built on Layer 1 and powering decentralized apps, employs sharding to ensure scalability and low latency.

Dec 23, 2024 at 05:40 am

Which Chain is the ZetaChain (ZETA) Coin On?

The ZetaChain (ZETA) coin is a cryptocurrency that powers the ZetaChain blockchain, a Layer 1 blockchain network designed for decentralized applications (dApps). The ZetaChain blockchain is unique in that it uses a sharded architecture to achieve high scalability and low latency, making it suitable for a wide range of applications, including decentralized finance (DeFi), gaming, and social media.

Here are some key points about the ZetaChain (ZETA) coin:

• The ZetaChain blockchain is a Layer 1 blockchain network designed for decentralized applications (dApps).
• The ZetaChain blockchain uses a sharded architecture to achieve high scalability and low latency.
• The ZetaChain (ZETA) coin is the native cryptocurrency of the ZetaChain blockchain.
• The ZetaChain (ZETA) coin is used to pay for transaction fees, staking, and governance.
• The ZetaChain (ZETA) coin is currently ranked in the top 100 cryptocurrencies by market capitalization.

Key Features of ZetaChain (ZETA)

• Sharded Architecture: The ZetaChain blockchain is divided into 29 shards, each of which is responsible for processing a portion of the transactions on the network. This sharded architecture allows the ZetaChain blockchain to achieve high scalability and low latency, making it suitable for a wide range of applications.
• Omnichain Interoperability: The ZetaChain blockchain is designed to be interoperable with other blockchains, including Ethereum, Bitcoin, and Solana. The ZetaChain blockchain can bridge different blockchains, allowing users to transfer assets and smart contract functionality across different chains.
• Decentralized Governance: The ZetaChain blockchain is governed by a decentralized autonomous organization (DAO) called the ZetaDAO. The ZetaDAO is responsible for making decisions about the development and direction of the ZetaChain blockchain.

How to Use ZetaChain (ZETA)

The ZetaChain (ZETA) coin can be used to pay for transaction fees, staking, and governance.

• Transaction Fees: The ZetaChain (ZETA) coin is used to pay for transaction fees on the ZetaChain blockchain. The transaction fee is determined by the size and complexity of the transaction.
• Staking: The ZetaChain (ZETA) coin can be staked to earn rewards. Staking involves locking up your ZETA tokens for a period of time to help secure the ZetaChain blockchain. In return, you will earn a portion of the block rewards.
• Governance: The ZetaChain (ZETA) coin can be used to participate in governance. ZetaChain is a decentralized blockchain, meaning that all major decisions are made by the community. ZETA holders can participate in governance by voting on proposals and running for election to the ZetaDAO.

Where to Buy ZetaChain (ZETA)

The ZetaChain (ZETA) coin can be bought on several cryptocurrency exchanges, including Binance, Huobi, and OKX.

FAQs

• What is the total supply of ZetaChain (ZETA)?
• The total supply of ZetaChain (ZETA) is 1,000,000,000 ZETA.
• What is the current price of ZetaChain (ZETA)?
• The current price of ZetaChain (ZETA) is $0.04721.
• What is the market capitalization of ZetaChain (ZETA)?
• The market capitalization of ZetaChain (ZETA) is $47.21 million.