ZetaChain, a blockchain platform with a focus on interoperability, officially launched its mainnet yesterday. This significant launch aims to bridge various blockchain networks, from Bitcoin and Ethereum to those in the Cosmos ecosystem, with BNB Chain being among the first supported networks.

This new mainnet allows developers to create applications that can utilize cryptocurrencies across these interconnected blockchains, effectively merging them into a singular ecosystem.

Cross-chain projects like this often spark security concerns among industry experts. For example, in 2021, THORChain, which utilizes similar technology, experienced multiple hacking incidents, leading to a temporary suspension of operations. Another project, pNetwork, faced a hack resulting in a loss of approximately $12.7 million.

Ankur Nandwani, a core developer at ZetaChain, addressed the complexities involved in building cross-chain and multi-chain applications. "Given that different chains operate under varied transaction completion procedures and security models, developing on multiple networks introduces a host of additional factors to consider," he explained.

To mitigate security risks, ZetaChain has adopted a cautious strategy for its rollout. The platform will initially implement a cap on the total value locked (TVL) in its smart contracts, planning to gradually increase this limit over time.

Nandwani is optimistic about ZetaChain's potential to broaden Bitcoin's utility, envisioning new applications such as Bitcoin-backed stablecoins and the inclusion of Bitcoin as collateral in DeFi protocols.

Following its successful launch, ZetaChain announced it had raised $27 million in funding back in August 2023. The platform also revealed an airdrop of ZETA tokens for users who participated in its testnet, aiming to reward early supporters and testers.

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