ZetaChain Integration on Coinbase Enables $ZETA Coin's Native Staking

In a comprehensive blog post, Coinbase provided details of ZetChain's integration. It noted that the crypto exchange has collaborated with ZetaChain

Coinbase, a major crypto exchange, has announced a significant development in enhancing multichain connectivity. As per Coinbase, the integration of ZetaChain’s mainnet by default improves Coinbase’s capacity for unparalleled cross-chain interactions and unveils Coinbase Prime’s institutional custody facilities for the $ZETA coin.

The integration enables native staking for the $ZETA coin on Coinbase, as stated in a detailed blog post by the exchange. Coinbase has collaborated with ZetaChain as a validator to facilitate this integration. The integration permits consumers to earn rewards natively through the platform.

ZetaChain, a universal L1 blockchain, aims to bridge the gaps between diverse blockchain networks. It provides seamless interoperability between blockchains such as Ethereum, Bitcoin, and Base. Coinbase leverages the complete support offered by ZetaChain for Base, enabling a streamlined solution for users and developers to interact with diverse blockchains without encountering the usual hindrances of shifting between networks.

The initiative marks a collective effort to enhance blockchain interoperability, which remains a critical challenge in the rapidly evolving blockchain domain. Traditional blockchains operate in isolation, making it difficult for users and developers to efficiently move data or assets across different networks. ZetaChain's innovative approach addresses this issue by allowing universal dApps to operate across multiple blockchains as a single network.

The integration is designed to enhance the consumer experience by eliminating the need for complex maneuvers when interacting with dApps on diverse networks, ultimately providing a more seamless user experience. Furthermore, developers can now create dApps that natively connect to blockchains, expanding their liquidity and reach across multiple ecosystems.

As blockchain expands beyond single-network solutions, ZetaChain's capability to connect diverse chains offers a scalable and efficient solution for multichain functionality. According to Coinbase, this latest integration enables a vastly broader utilization of cross-chain applications, making it convenient for institutions and developers to deploy and manage assets across different networks.

The above is the detailed content of ZetaChain Integration on Coinbase Enables $ZETA Coin's Native Staking. For more information, please follow other related articles on the PHP Chinese website!