First omnichain smart contracts platform launches in full: Interview with ZetaChain
DeFi is supposed to be the great recalibrator of finance. It is supposed to offer people a better alternative to traditional centralized financial tools and services. Recently, we've all seen how centralized services can result in catastrophic losses for users due to lack of transparency.
However, as it stands now, using DeFi protocols can be extremely time-consuming, confusing and ineffective. Many of the problems in the space can be traced to the way it has developed. There are now a multitude of networks that each have their own ecosystems and platforms with which they integrated. While this has led to innovation with individual networks vying for space in a crowded market, it has also stilted growth and made things hard for the end user.
ZetaChain, a decentralized blockchain network, has taken a different approach, building the first omnichain smart contracts platform. The possibilities presented by such a network — DEXes that can natively swap from any chain to any other, DAOs that aren’t bound to one network — could very well result in a more unified and effective era in DeFi. Over the past few months, their community has seen massive growth and the future they are building seems to resonate with many. We were able to speak with the ZetaChain team about their project and the impact they anticipate it will have on the industry.
The team got together over the course of 2021. Crypto was and is still in a state where users either take on additional risk to use crypto, like operating through a centralized exchange or questionable bridges or jumping over many hurdles to achieve even simple tasks. ZetaChain took shape as an aligned effort to try to solve these issues and give a new sane, safe, and pleasant default for more
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