Getting to Know ZETA Token

Modified on Mon, 05 Feb 2024 at 02:11 PM

ZETA is the primary token of the ZetaChain network, playing crucial roles within the network as follows:

1. Gas Fee

To execute transactions or use various applications on the ZetaChain network, a fee must be paid to facilitate the continuation of transactions or Smart contracts. ZETA tokens are utilized for this fee payment. In this context, ZETA acts like oil or gas, essential for powering the ZetaChain network.

2. Security

ZETA also plays a vital role in enhancing the security of the network. ZETA is rewarded to nodes that function as Validators, verifying transactions occurring on the ZetaChain network accurately. This support incentivizes Validators to operate with integrity, reinforcing and ensuring the security of the network.

3. Cross-Chain Transactions

ZETA tokens serve as a bridge connecting various blockchains within the ZetaChain ecosystem. ZETA facilitates seamless cross-chain transactions, reducing the complexity of cross-chain transactions, minimizing the risk of data leaks, and enhancing overall network security.


Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article