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Cryptocurrency News Articles

ZetaChain 2.0 Introduces Gateway Upgrade, Ushering in a New Era of Cross-Chain Functionality

Jul 19, 2024 at 04:20 am

ZetaChain has introduced its latest technological advancement: the Gateway upgrade. This update is part of the broader ZetaChain 2.0 enhancements

ZetaChain 2.0 Introduces Gateway Upgrade, Ushering in a New Era of Cross-Chain Functionality

ZetaChain, a blockchain platform that enables interoperability and cross-chain applications, has announced its latest technological advancement with the Gateway upgrade. This update is part of the broader ZetaChain 2.0 enhancements, which aim to refine the way developers and users interact with blockchain applications across diverse networks.

One of the key highlights of this announcement is the introduction of Universal Apps, a new feature that expands the capabilities of smart contracts on ZetaChain. These smart contracts are now able to connect to various blockchains, including Bitcoin, EVM-compatible, non-EVM chains, and heterogeneous Layer 2 solutions. This integration is made possible through the Gateway upgrade, which allows applications to interact with any supported chain via a single deployment, eliminating the need for developers to manage multiple deployments across different networks.

The technology underpinning Universal Apps employs a hub-and-spoke model, vastly simplifying the management of assets and data across blockchains. Unlike traditional point-to-point messaging, which can be cumbersome and limited in scale, this model routes all communications through a central hub.

Gateway's introduction marks a revolutionary step in blockchain technology by facilitating complex multi-step operations through a unified interface. For instance, a user can now perform transactions like sending Bitcoin from the Bitcoin network to a Universal App on ZetaChain, locking it in a vault, converting it to USDC, and then swapping it for another token on Ethereum, all with a single click.

Moreover, Gateway revitalizes the smart contract interface, enabling externally owned accounts (EOAs) and other applications on connected chains to efficiently communicate with Universal Apps. This integration supports various functionalities, including token transfers and handling of gas queries, through a streamlined API.

For end-users, the new update brings forth a heightened level of convenience and accessibility. A Bitcoin holder can, for example, use a Universal App to send USDC to an Ethereum address without needing to switch networks or manage multiple wallet interfaces. Similarly, an Ethereum user could purchase an NFT on ZetaChain and transfer it directly to their BNB chain account in a single seamless process.

Developers, too, stand to gain from the Gateway upgrade. The new localnet environment introduced alongside Gateway allows for rapid deployment and interaction with contracts. This development mirrors operations on a unified chain, offering real-time feedback and instant transaction finalization, thereby significantly enhancing the development process.

Original source:blockchainreporter

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