ZetaChain Enables Cross-Chain Swaps Between Bitcoin and Ethereum
ZetaChain Enables Cross-Chain Swaps Between Bitcoin and Ethereum
🔀 Cross-Chain Swap Sensation!
ZetaChain, an EVM-compatible layer 1 blockchain, has introduced a new feature that allows users to swap Bitcoin (BTC) for Ethereum (ETH) in a seamless cross-chain transaction. The process involves sending BTC to a designated address on the Bitcoin network, specifying the recipient address on the Ethereum network. ZetaChain's swap contract then receives the BTC as a ZRC-20 token, swaps it for ZRC-20 ETH, and withdraws the ETH to the specified recipient address on Ethereum. This innovative solution aims to bridge the gap between different blockchain networks, enabling interoperability and facilitating the development of decentralized applications (dApps) that can span multiple chains.
ZetaChain steps to swap BTC from Bitcoin → ETH on Ethereum: 1. Bob sends 1 BTC to TSS address on Bitcoin (and specifies the recipient address on Ethereum). 2. Swap contract receives 1 ZRC-20 BTC, swaps for ZRC-20 ETH, withdraws ETH to recipient address. 3. There is no step 3!
🤖 AWS Partnership Unlocks
**ZetaChain partners with AWS Cloud** to integrate AI innovation into the Universal Blockchain ecosystem. **$700,000+ prize pool** available for developers building Universal Apps powered by AI technology. Key details: - Apps must be accessible from any blockchain - Registrations opened October 1st - **Submission deadline: December 1st** - Opening ceremony scheduled for October 15 at 12 PM UTC The hackathon focuses on creating AI-powered applications that work across multiple chains, leveraging ZetaChain's interoperability features. [Apply now](https://dorahacks.io/hackathon/awsvibecoding/detail) to participate in this cross-chain AI development competition.
Pyth and ZetaChain Define Their Blockchain Roles
**Pyth** positions itself as **the data layer** for blockchain infrastructure, while **ZetaChain** establishes its role as **the Universal Blockchain layer**. - Pyth focuses on providing reliable data feeds across multiple blockchain networks - ZetaChain emphasizes universal connectivity and interoperability Both projects are carving out distinct infrastructure niches in the evolving blockchain ecosystem, with Pyth handling data provision and ZetaChain managing cross-chain connectivity.
ZetaChain Ecosystem Lead Discusses Cross-Chain Stablecoin Future at MerkleScience Panel
ZetaChain's Ecosystem Lead represented the project at MerkleScience's Stablecoin panel during San Francisco Tech Week. The discussion focused on **TobaDefi**, ZetaChain's universal stablecoin platform, and its role in advancing cross-chain finance solutions. Key highlights: - Panel took place at Worldcoin Flagship Space - Discussion centered on the future of cross-chain finance - TobaDefi platform enables universal stablecoin functionality The event was part of a broader Tech Week initiative showcasing blockchain infrastructure developments and interoperability solutions in the stablecoin ecosystem.
ZetaChain UNISON Upgrade Goes Live September 16
**ZetaChain's UNISON upgrade launches September 16**, bringing major improvements to the Universal Blockchain platform. **Key Features:** - **Cosmos SDK upgrade** for enhanced speed and stability - **EVM migration** for better Ethereum compatibility - **EVM precompiles** enabling new smart contract capabilities The upgrade allows developers to **build once and deploy everywhere**, including native Bitcoin integration. Precompiles simplify core functions like staking, voting, and fund transfers through cleaner user interfaces. **Universal Apps** can now reach users across major blockchains with a single deployment, streamlining the multi-chain experience.
🚀 ZetaChain Powers Cross-Chain Yield Platform
**YieldMillion** launches as a new yield farming platform built on ZetaChain's universal blockchain infrastructure. The platform promises to deliver competitive yields across multiple blockchain networks through ZetaChain's **cross-chain connectivity**. - Leverages ZetaChain's Universal Blockchain technology - Enables yield farming across different chains from one platform - Aims to simplify multi-chain DeFi participation ZetaChain's EVM-compatible Layer 1 allows the platform to connect with various blockchains, including Bitcoin, providing users access to diverse yield opportunities without managing multiple wallets or bridges.