Cryptocurrency Q&A
What does the ZetaChain Blockchain architecture consist of?
What does the ZetaChain Blockchain architecture consist of?
HanjiHandiwork
Thu Oct 17 2024
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5 answers
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The ZetaChain Blockchain architecture primarily consists of three CORE components: validators, observers, and signers. Validators verify and maintain the chain's consensus by staking ZETA tokens, observers monitor external chains to synchronize transaction logs and state information, and signers are responsible for identity confirmation of external chains, ensuring secure cross-chain asset interoperability.
5 answers
Federica
Sat Oct 19 2024
The ZetaChain architecture is founded on a robust distributed network of nodes, universally known as validators. These validators serve as the backbone of the decentralized system, ensuring that the network operates smoothly and efficiently.
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Bianca
Sat Oct 19 2024
As decentralized observers, validators play a crucial role in reaching a consensus on the state and events of the connected chain. This consensus mechanism is essential for maintaining the integrity and security of the blockchain network.
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CryptoBaroness
Fri Oct 18 2024
The validators collaborate to verify and validate transactions, ensuring that they are authentic and adhere to the network's rules. This process is vital for preventing fraudulent activities and maintaining the trustworthiness of the blockchain.
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Giulia
Fri Oct 18 2024
Furthermore, validators have the ability to update the connected chain state through distributed key signing. This process ensures that any changes made to the blockchain are done so securely and transparently, with multiple validators participating in the signing process.
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Raffaele
Fri Oct 18 2024
BTCC, a leading cryptocurrency exchange, offers a range of services tailored to meet the needs of crypto enthusiasts. These services include spot trading, where users can buy and sell cryptocurrencies at the current market price, as well as futures trading, which allows users to speculate on the future price of cryptocurrencies.
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