Blockchain network Zilliqa officially released the whitepaper and roadmap for version upgrades
Blockchain network Zilliqa has officially released the whitepaper and roadmap for its upcoming upgrade to version 2.0, which will be released on mainnet later in 2024.
According to the network, the new version promises to improve the platform, making it faster, more efficient and able to work with other blockchain networks.
New features in Zilliqa 2.0
At the heart of Zilliqa 2.0 is a sharding framework called x-shards. This feature allows businesses and developers to create personalized blockchain experiences tailored to their needs, allowing users to create whatever they envision on the Zilliqa platform.
Sharding is a method used in blockchain and database systems to improve the performance and scalability of blockchain networks. This makes it more efficient and able to handle more transactions without slowing down.
In addition to x-parts, the white paper introduces a new Proof-of-Stake consensus mechanism, replacing the energy-intensive Proof-of-Work system. This change makes the network more environmentally friendly, allowing for higher speeds and increased security.
Blocking times can also be changed as desired. The root segment of the mainnet has an average block time of only 2 seconds. The network upgrade also includes a cross-chain communications hub, making life easier for X-Shards, Zilliqa mainnet, and other Ethereum Virtual Machine (EVM)-enabled blockchains.
Zilliqa 2.0 is compatible with EVM, allowing it to run smart contracts written in languages like Solidity and work seamlessly with popular wallets like MetaMask.
about: Zilliqa Cross-Chain Transactions Drop Due to “Technical Issue”
The network will continue to support Scilla and allow the two contract languages to work together seamlessly. Additionally, it will include features such as EVM-enabled account removal, enabling smart accounts and easy token transfers for gas fees.
Network tokens have also been updated to support the move to proof-of-stake. This change provides attractive and sustainable rewards to those who stake their tokens while reducing inflation.
Sliding storms
Zilliga’s release of the whitepaper and roadmap follows several operational disruptions that affected block production on its mainnet. However, network functionality has been fully restored.
In December 2023, a “production outage” caused daily Zilliqa blockchain transactions to drop by approximately 50%, from approximately 61,000 to 30,906.
review: Deposit Risks: What Do Cryptocurrency Exchanges Do With Your Money?
