ZetaChain Launches Omnichain DAO Driven by STP Network
On April 30th, the cross chain smart contract platform ZetaChain tweeted that the Omnichain DAO driven by STP (Asset Tokenization Issuance Platform STP Network) has been launched o
On April 30th, the cross chain smart contract platform ZetaChain tweeted that the Omnichain DAO driven by STP (Asset Tokenization Issuance Platform STP Network) has been launched on the ZetaChain testing network. Cryptographic users will soon be able to vote on Ethereum, Polygon, and any other chain proposals from one place.
ZetaChain: Omnichain DAO has been launched on the ZetaChain testing network
Blockchain technology is rapidly evolving to become a game-changer in the financial industry, with cross-chain smart contracts leading the way. On April 30th, the cross-chain smart contract platform ZetaChain tweeted that the Omnichain DAO driven by STP Network has been launched on the ZetaChain testing network. This development is great news for cryptographic users that will now be able to vote on Ethereum, Polygon, and any other chain proposals from one place.
The Significance of Cross-Chain Smart Contracts
Before diving deeper into the launch of the Omnichain DAO driven by STP Network, it’s essential to understand the significance of cross-chain smart contracts. A cross-chain smart contract is a type of smart contract where a user can execute a contract across different blockchain protocols. In simpler terms, cross-chain smart contracts allow transactions to occur across different blockchain ecosystems seamlessly.
Prior to the introduction of cross-chain smart contracts, executing transactions between different blockchain networks was nearly impossible. However, with the existence of cross-chain smart contracts, users can now transact and transfer assets from one blockchain network to another. The possibilities of cross-chain smart contracts are endless, with users able to participate in DeFi protocols, conduct staking activities and execute a host of other transactions across different blockchain protocols.
STP Network and ZetaChain Collaboration
STP Network is a leading Asset Tokenization Issuance Platform, while ZetaChain is a cross-chain smart contract platform. The two platforms have collaborated to launch the Omnichain DAO, which will revolutionize the way users vote on chain proposals.
The Omnichain DAO will enable cryptographic users to vote on different chain proposals from one place. In the past, voting on chain proposals was a tedious and challenging task that required users to navigate different blockchain protocols. The launch of the Omnichain DAO eliminates this hurdle, making it easier for users to participate in blockchain voting and governance.
How the Omnichain DAO Works
The Omnichain DAO powered by STP Network and ZetaChain consists of three critical components: STPT, ZETA, and $OMC. STPT is the native token of the STP Network that enables transactions and acts as a utility token for the Omnichain DAO. ZETA is the native token of the ZetaChain that provides incentives for users participating in the Omnichain DAO.
$OMC is an ERC-20 token that acts as a governance token for the Omnichain DAO. $OMC token holders can submit their proposals, vote on proposals, and participate in the governance of the Omnichain DAO.
The Benefits of Omnichain DAO
The launch of the Omnichain DAO driven by STP Network and ZetaChain provides a long list of benefits to cryptographic users. Some of the benefits include:
– The ease of voting on different chain proposals from one place
– The transparent and decentralized governance of blockchain protocols
– The ability to earn incentives for participating in Omnichain DAO governance
Conclusion
The launch of the Omnichain DAO driven by STP Network and ZetaChain is a significant milestone in the blockchain industry. It provides cryptographic users with a seamless way of voting on different chain proposals from one place, making governance of blockchain protocols more transparent and decentralized. The benefits of the Omnichain DAO are significant, and this development will make a positive impact in the blockchain industry.
FAQs
**Q1. What are cross-chain smart contracts?**
A1. Cross-chain smart contracts are a type of smart contract where a user can execute a contract across different blockchain protocols.
**Q2. What is STP Network and ZetaChain, and what do they do?**
A2. STP Network is a leading Asset Tokenization Issuance Platform, while ZetaChain is a cross-chain smart contract platform.
**Q3. What are the benefits of the Omnichain DAO?**
A3. The benefits of the Omnichain DAO include the ease of voting on different chain proposals from one place, transparent and decentralized governance of blockchain protocols, and the ability to earn incentives for participating in Omnichain DAO governance.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/daily/20152.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Russian Duma Passes New Bill to Legalize Blockchain Integration in Financial Market
The Russian Duma Parliament today passed the bill numbered 221502-8, which is about to enter the committee\’s deliberation stage. It is understood that the bill…
-
US Commodity Futures Trading Commission Files Lawsuit Against Coin An
According to reports, the US Commodity Futures Trading Commission (CFTC) recently filed a lawsuit against Coin An, mentioning three unnamed trading companies listed as \”VIP\” custom
-
Optimism Main Network Bedrock V2 Upgrade Proposal Emphasizes Strict Launch Standards
On March 10, the governance page showed that the new version (V2 version) of the upgrade proposal for the Optimism main network Bedlock, the Ethereum second-tie
-
Kava Network Launches Kava 12 Main Network After Delay
According to reports, Kava Network tweeted that Kava 12 main network was officially launched. It was originally scheduled to be released on January 19, and the…
-
RTFKT Announces Casting Activity and “Murakami Animus” Event
It is reported that RTFKT pre-announced the upcoming casting activity and the latest information of “Murakami Animus” in its recent tweet. It is reported that the next casting activity will be launched on April 24, while the “Murakami Animus” activity will be held in Japan on April 30. The activity will be open to the public without pre-registration. The next casting activity of RTFKT “Murakami Animus” will be launched on April 24 Analysis based on this information:RTFKT, a virtual fashion brand, recently made an announcement on Twitter about their upcoming casting activity and a public event called “Murakami Animus” that will be held in Japan. The casting activity is scheduled to take place on April 24 and the “Murakami Animus” event on April 30. The event is open to the public and no pre-registration is required, allowing anyone interested to attend. The announcement has generated a lot of hype and excitement, especially among fans of RTFKT and virtual fashion enthusiasts….
-
What is bitcurrency?
What is bitcurrency? Bitcurrency is an electronic contract system based on bloc
-
Helium Postpones Migration to Solana Blockchain
It is reported that the date for the migration of the decentralized wireless communication network Helium to the Solana blockchain will be postponed from March 27 to April 18. This is the result of a vote by its preparatory working group, which aims to provide more time for community preparation, necessary governance votes, more testing, and operational improvements. （Medium） Helium postponed migration to Solana blockchain until April 18th Analysis based on this information: Helium, a decentralized wireless communication network with a native cryptocurrency called HNT, has made the decision to postpone its migration to the Solana blockchain. Originally scheduled for March 27, the migration has been pushed back to April 18 after a vote by Helium’s preparatory working group. This delay provides the Helium community with more time to prepare for the migration and participate in governance votes. It also allows for additional testing and ensures operational improvements are in place before the migration takes place. Helium’s migration to the…
-
OUTLINE
12:00-21:00 Keywords: Australia, Circle, OP3N, non zero address
Overview of important developments in the evening of March 21st
I. Introduction A. Explanation of 12:00-21:00 time -
BEWARE OF EARLY CONTRACT VULNERABILITIES: LAUNCHZONE’S Bscex SAWPX EXPERIENCES $7.8M THEFT
On March 27th, according to Scam Sniffer\’s monitoring, there was a vulnerability in the early contract Bscex SwapX of LaunchZone, and currently $7799856 in funds has been stolen. U
-
What software is used for mining Quantum Chain (Download Quantum Chain Official Website)
What software is used for mining Quantum Chain? According to official sources, w