Cryptocurrency Q&A
What network is Zeta on?
What network is Zeta on?
Giuseppe
Mon Jun 24 2024
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7 answers
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As a seasoned professional in the realm of cryptocurrencies and finance, I must inquire about the underlying network that Zeta, this intriguing digital asset, operates on. Could you please elaborate on the technological infrastructure that Zeta utilizes? Is it built on a proven blockchain like Ethereum or Bitcoin, or does it leverage a novel consensus mechanism and architecture? Understanding the network's scalability, security, and interoperability capabilities is crucial in evaluating Zeta's potential. Your insights would be greatly appreciated.
7 answers
Enrico
Tue Jun 25 2024
Additionally, cross-chain transactions that involve ZetaChain also require ZETA tokens to pay for the necessary network fees.
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Margherita
Tue Jun 25 2024
ZETA serves as the primary currency for transactional fees on the ZetaChain network.
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ethan_carter_engineer
Tue Jun 25 2024
BTCC, a renowned UK-based cryptocurrency exchange, offers a comprehensive range of services to its users.
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Michele
Tue Jun 25 2024
The ZETA token facilitates the payment of so-called "gas" costs incurred during transactions on the network.
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Martino
Tue Jun 25 2024
These gas fees cover the computational resources required to execute smart contracts and transactions on ZetaChain.
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