Implementation of zkSNARKs Could Be Imminent for Zilliqa (ZIL) and Its New Live Mainnet Status

2019-2-1 23:45

Following 18 months of intense work, the Zilliqa (ZIL) Mainnet has finally launched. The original aim of the project was to solve the vulnerabilities in the Ethereum network, using Scilla programming language.

As the project evolved, it gained multiple partners, advisers, and a community, reaching around the entire worked. Xinshu Dong, the co-founder and CEO, released a statement to Ethereum World News on his vision, saying,

“Today, we are taking a leap towards our vision of enabling innovative blockchain-powered solutions to real-world problems. With this launch, Zilliqa is now the first public blockchain platform to successful implement sharing, to address one of the biggest challenges to mainstream blockchain adoption – scalability.”

Presently, as reported by Ethereum World News, the features of the mainnet that make it strikingly different from others out there include:

Sharding A Practical Byzantine Fault Tolerance (PDFT) blockchain Safe smart contracts through the Scilla programming language Low variance in block rewards

Now that the launch has come and gone, the team has a few priorities in mind, the first of which is to secure the network in a way that will adequately defend it against potential attacks.

The network will be launched following a certain number of mined blocks. Optimally, this means that the network launch would occur in March.

Thrilled to announce that the Zilliqa mainnet has launched! Block explorer https://t.co/r5V1Zrhs20 and mining details https://t.co/dcKx9OrIPW. Read the full blogpost here https://t.co/hsSKwFmNEt

— Zilliqa (No airdrops or ETH giveaways) (@zilliqa) January 31, 2019

After this phase, the team aim to make the swapping of tokens from ERC20 to ZIL on the mainnet will be made possible, which should happen by June. Soon after this swap is completed, the ERC20 ZIL tokens will be frozen. The token swap will be supported by:

Binance Huobi Coinone Gate.io Bittrex Koinex Coinhako Trust Wallet Light-wallet xZil Upbit Korbit Gopax Coinbase and Coinbase Custody Moonlet ZHIP Midas Protocol Ledger Companion

One of the possibilities for the features on the mainnet will be the introduction of zkSNARKs. The team for Zilliqa explained how the company will go beyond the use of this feature for privacy, saying,

“Beyond this privacy use case, zkSNARKs are being actively applied in the area of verifiable computations, where, a client performs a computation-heavy task off-the-chain and produces to the miners a “proof of work” that can be verified very efficiently. This specific usage of zkSNARKs can lead to a trustless and secure off-chain computation layer atop Zilliqa.”

The team added, “Furthermore, zkSNARKs can also be used to design succinct blockchains to reduce the storage requirements for lookup and seed nodes and lower sync-up time for new nodes.”

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Источник: bitcoinexchangeguide.com

zilliqa mainnet → Результатов: 23


Why Zilliqa’s (ZIL) mainnet launch is one of the top crypto events of the Q1 2019

Zilliqa is getting ready for its mainnet launch scheduled for the end of this month. And this could wind up being one of the most important events in the Q1 for the whole crypto industry. Why? Because of their use case and ostensibly well developed scalability solution that could pave the way for many other […] The post Why Zilliqa’s (ZIL) mainnet launch is one of the top crypto events of the Q1 2019 appeared first on CaptainAltcoin.

2019-1-22 19:16


Zilliqa (ZIL) Blockchain Testnet Version 3 ‘Mao Shan Wang’ Releases, Mining Details Coming Soon

Zilliqa’s Testnet Version 3 Released –Mining Information To Be Released On December 3rd Last week, Zilliqa (ZIL) announced the release of its Testnet’s third version. Named Mao Shan Wang, this new Testnet upgrade boasts of new features that will help smoothen the process involved in the eventual launch of its mainnet. This launch is going […]

2018-12-4 23:09


Фото:

Zilliqa (ZIL) Mainnet Launch Scheduled for Dec 2018/Jan 2019

It has been mentioned across the crypto-verse, that one of the best things to do during a bear market, is to concentrate on the latest developments of our favorite blockchain projects. Recapping on the last Zilliqa (ZIL) update, we find that the team at ZIL had reported on the following during the early days of August: […] The post Zilliqa (ZIL) Mainnet Launch Scheduled for Dec 2018/Jan 2019 appeared first on Ethereum World News.

2018-8-20 19:13


Фото:

Zilliqa (ZIL) Project Updates: Sharding, Scilla, Partnership News and Mainnet Launch Date

The team at Zilliqa (ZIL) can be commended for continually working on the project as well as communicating with the ZIL community whenever there is a development. In a post on the Zilliqa medium page, the team at ZIL wished to update its fans on the following: Mainnet launch date Partnership news Scilla programming language […] The post Zilliqa (ZIL) Project Updates: Sharding, Scilla, Partnership News and Mainnet Launch Date appeared first on Ethereum World News.

2018-8-7 17:23


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