'Introducing Omnichain Accounts' web3 oct_network
ZetaChain is the foundational layer to a multichain future. The novel blockchain enables multichain functionality without using bridges or wrapped tokens and the easy deployment of omnichain-dApps, or odApps. These applications can manage and connect data and value across all smart contract platforms as well as non-smart contract platforms like Bitcoin and Dogecoin.
Omnichain Accounts can be trusted to manage assets according to predetermined rules, a functionality comparable to Ethereum’s use of smart contracts. ZetaChain takes this a step further in that a smart contract can leverage and manage assets on any connected blockchain because it holds a collectively owned TSS key and address. This effectively adds smart contract capabilities to the Bitcoin network and other non-smart contract blockchains.
The ZetaClient monitors the TSS address. Upon identifying incoming transactions to the TSS vault, it parses the data from the Bitcoin transaction inThe smart contract takes actions accordingly . To send out Bitcoin from the smart contract, the smart contract emits a specificthat the ZetaClient picks up, signs and broadcasts to the Bitcoin network.
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