ZetaChain’s innovative transaction model combines the simplicity and security of UTXO with the expressiveness of Account-based. The hybrid design makes possible both cross-chain message-passing and native omnichain smart contracts that can interact with states on external chains directly.

ZetaChain is a pioneer of the first incentivized public blockchain and general-purpose-cross-chain smart contract platform.

Blockchain Transaction Models In order to achieve generic omnichain smart contract support, you need to overcome a couple of key challenges. The first is that communication between heterogeneous chains is inherently asynchronous. Unlike smart contracts on a single chain such as Ethereum Virtual Machine (EVM), querying or changing the state of another chain is triggered by messages (observations) from external chains. This type of cross-chain smart contract transaction model is best considered a finite state machine.

The second challenge is that of the blockchain programming model, which impacts how smart contracts transfer messages, data, and value. Historically, there are two primary “bookkeeping” models for recording and changing state on a blockchain: UTXO (unspent transaction output), which is used by Bitcoin, Ergo, Cardano, and others, and account-based, which is used by the EVM. Here’s a simple overview of each:

UTXO: The UTXO model represents a global blockchain state through all spent and unspent transaction outputs. You can think of it like the user’s balance of coins is the sum of all UTXOs that can be spent by the user. Every output can be tied to a transaction event as far back as its inception, and the blockchain functions as the accepted ledger of all of those transactions ever recorded by the network. Every node on the blockchain constantly maintains the UTXO set, which is a collection of all UTXOs at any given time. It can be visually represented as a directed acyclic graph (DAG) between addresses (figure 1). Account-based: The account model incorporates wallets (like bank accounts) at the protocol level. It operates such that the state of the system is updated based on the transactions of each previous block. The current set of accounts and their balances represent the global state. In Ethereum’s account-based system as an example, it includes External Owned Accounts (EOA), which are controlled by a private key, and smart contracts, which work according to their own logic.

ZetaChain’s Hybrid UTXO-account Design ZetaChain introduces a hybrid UTXO and account-based approach that combines the strengths of each. Essentially, it uses UTXO to represent and track external blockchain transactions (treated as a synthetic UTXO), and uses account-based smart contracts for logic and managing shared global states. A UTXO includes the amount of ZETA coin (burned), amount of another coin (for example, BTC on the Bitcoin network where it’s impossible to issue ZETA coin), and a script msg (roughly equivalent to a message or function call on Ethereum). The synthetic UTXO model enables ZetaChain to experience benefits of accountability, simplicity, and scalability while avoiding the key limitation of UTXO which is the expressiveness of its scripting, and awkwardness in certain important applications (i.e. one transaction per block in an AMM).

Unlocking Omnichain Interoperability Many features go into creating a truly omnichain interoperability solution that can stand the test of time. At its core, the solution must be chain-agnostic, have a sustainable security/trust model, and function well while operating affordably. ZetaChain brings an immense level of innovation to blockchain technology and distributed computing to fulfill each of these prerequisites. Specifically, the focus of this piece is on the ZVM, and its novel approach to blockchain transaction “bookkeeping”. This is one of many breakthrough components that enable smart contracts to interact with states on external chains directly. For the first time in crypto, ZetaChain makes available a public, decentralized blockchain with built-in omnichain interoperability.

About ZetaChain ZetaChain is the foundational layer to a multichain future. The novel blockchain enables multichain functionality without using bridges or wrapped tokens and the easy deployment of omnichain-dApps, or odApps. These applications can manage and connect data and value across all smart contract platforms as well as non-smart contract platforms like Bitcoin and Dogecoin.

You can find out more:

https://link3.to/zetachain

Hello, ApStation Community! Today is a big day for us, and we want to let you know about our program in which you can get very interesting roles.

We’ve only given out roles to a very small group of people right now, but you’ll be able to get in as well.

Firstly, we’re giving everyone the chance to earn their place in the ApStation community with two additional roles.

For all of this, we’re launching the ApStaion Program on the CREW3 platform so you can track your progress and be rewarded for your contributions. We will gradually reveal how your roles will determine privileges, prizes, and bonuses.

Don’t forget to sign up for our ApStation Program at CREW3!

Key roles

Our community now has 3 roles:

🤴 STATWHALE — The top of the ApStaion rating, those who were able to show their potential and achieve our recognition.

👴 OG — Our old-timers, later on we will remove this role so it is only for the very first people in our community.

👶 STATIONER — This role is for people who are passionate about ApStation and know how to stand out.

We will create a separate Discord channel for each of the roles, where users with each role will communicate and share news. To get a role, you will need to get a certain amount of experience points (XP).

We will have many quests that will be interesting and exciting, and the prizes for them are even greater. Don’t miss a single one to reach the top.

Tokens for the top Also, until November 14, we have an award for the most active participants. For your place you will be given tokens of our project, which you can get after the ApStation release.

A total of 35 places will be able to pick up between 6 500 ASN and 500 ASN. Everyone has a chance so don’t waste your time!

What’s next? Once again, we can’t stress enough how much we appreciate your support in the development of the project❤

Don’t miss out on the opportunities that could change your life faster by upgrading to the ApStation Crew3 Program!

Our socials Twitter | Discord | Docs | Email

Platform Functionality We have conducted surveys on a large number of people and analyzed many shortcomings with our reserch department. Collecting all the best and most comfortable conditions for users on our platform:

Launch your own NFT collection Creating a collection in a couple of clicks. Improved whitelisting system. Choosing the value of the NFT and royalties. Linking a wallet to which the income from the fees will go. Saving templates to run another collection. Mint NFT collections The user can mint NFT on a separate page of running collections. When minting by whitelist, the user’s wallet must be added in advance. Voting Each user, who is a $ASN token holder, has a vote to decide on important updates within the platform. Each successful vote will bring tokens to the participants. Stake ASN Staking tokens open up a huge list of possibilities and privileges to use and manage the platform. Deflation Mechanism The whole idea of a token is built on its deflationary mechanism, which will reduce the number of tokens by all sorts of combustion methods described below. This in turn will lead to a permanent reduction of the free supply and a deliberate increase in the value of the token for its owners.

Every week, 20% of the earnings from commissions from launching user NFT collections, will be spent on repurchasing tokens from secondary markets and carrying out the “Burn” function, namely by sending them to a non-existent, zero-address. Every quarter, our team will do a scheduled token burn using the same “Burn” system, in the amount of 1% of the total supply. Each successfully completed DAO vote will burn 0.01% of the token supply already issued. Our deflationary mechanism is designed so that the number of tokens in circulation will remain in place or decrease systematically. Our ultimate goal for burning will be to leave only 20% of the total mass of tokens issued.

Earnings Distribution All awards will only be distributed to those who have limited roles.

Earnings from the platform come from revenues from NFTs sold, in total we receive 2% of every sale on our platform. Once a week we will distribution 1% of the earnings into the stakers wallets. The percentage of rewards received will be influenced by your role. All active users in the early stages of the project will be rewarded after the official launch. Users who take part in regular voting on the platform will become contenders for something… Project Fees To launch a collection it is free! We only take a percentage of NFTs sold.

Launching a collection: 0$ — 2% of your profit Minting a NFT: Mint price + gas fee Let’s say you want to sell 1 NFT for 1 Aptos (let’s say 10$), you will get 0.98 Aptos (9.8$) on your wallet. For a buyer it will cost 1 Aptos and a gas fee at that time.

DAO Voting ApStation works on the DAO principle. This principle includes the following aspects:

All ASN token stakers are allowed to vote. All token stakers can send their ideas and ideas for moderation and further voting. Each idea confirmed by moderators will be rewarded with ASN tokens for its owner. For each successful vote, all participants will receive incentives in the form of ASN tokens in equal shares. Topics available for suggestion:

Media-social sphere Partner and investment proposals Integration ideas within the platform Non-voting topics:

Questions about platform security.. Proposals for tokenomics of the project. Ideas and suggestions about the technical structure.