98% of Zilliqa (ZIL) tokens have been swapped for native $ZIL

98% of Zilliqa (ZIL) tokens have been swapped for native $ZIL
фото показано с : invezz.com

2021-3-1 12:07

Enterprise blockchain platform Zilliqa (ZIL) stated recently that it had fully completed its transition to its native platform. The company also closed the token swap activities on its network.

According to the platform, the swap recorded a high success rate, as about 98.3% of the tokens have been exchanged for native $ZIL. This now makes it suitable for use by DApps on the Zilliqa blockchain, as well as for transactions and gas fees.

An earlier announcement revealed plans to freeze unswapped ERC-20 tokens, which accounts for less than 1.02% of the maximum supply of $ZIL.

It’s not possible to use tokens for transactions or transferred after they have been frozen. They are also not included in the circulating supply.

But rather than getting them destroyed completely, they will be stored away to make them available for any future use.

Zilliqa mainnet to improve network speed

The Zilliqa mainnet aims to increase transaction rates while its network expands via sharding. The transaction rate after the mainnet is now 2,800 transactions per second.

In January 2020, the platform noted that it planned to move to its mainnet, to make it the first public blockchain to successfully implement sharding.

Major cryptocurrency exchanges like Binance, KuCoin, and Huobi Global have already confirmed their support for the mainnet token swap.

In December 2020, the platform improved the user interface by launching Zilliqa 6.0. This decreased the generation of Tx blocks from 1.15 minutes to 45 seconds. It also enabled support for smart contracts, easier access to data, as well as faster block times.

With the success of the migration and token swap, Zilliqa has advised all its users to ensure proper storage of their tokens on a secure wallet that offers support for $ZIL. The platform also warned users not to reveal their mnemonic or private keys to anyone for security purposes.

The post 98% of Zilliqa (ZIL) tokens have been swapped for native $ZIL appeared first on Invezz.

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Zilliqa (ZIL) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0167013
Капитализация $0 Rank 99999
Цена в час новости $ 0.1131 (-100%)

zil platform swap native zilliqa company token

Источник: invezz.com

zil platform → Результатов: 30


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