ZetaChain
Crypto Overview
Purpose and Utility
ZetaChain is a Layer-1 blockchain designed to enable omnichain interoperability. Its primary utility is to facilitate cross-chain transactions and smart contracts that can interact with multiple blockchains without requiring bridges or wrapped tokens. The ZETA token is used for network security through staking, transaction fees, and governance.
Business Model Analysis
The business model focuses on providing infrastructure for cross-chain interactions, which is a legitimate technological solution to blockchain interoperability challenges. The core functionalities do not involve any inherently prohibited activities like interest-based lending or gambling.
Real-World Adoption
ZetaChain launched its mainnet in late 2023. Current usage primarily revolves around staking, cross-chain transfers, and development of omnichain applications. The ecosystem is in early stages but showing active development and growing adoption.
Platform Development
The project demonstrates substantial technical development with regular GitHub commits and protocol updates. The team actively maintains documentation and supports developers building on the platform.
Token Distribution
ZETA has a transparent token distribution model with defined allocations for ecosystem growth, team members, and early backers. Team tokens are subject to vesting periods, indicating commitment to long-term development.
Crypto Impact
To assign a comfort level investing in ZetaChain from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to ZetaChain.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.