Zilliqa Announces EVM Compatibility, Laying the Foundation for Zilliqa 2.0

On April 21st, it was reported that Layer1 blockchain Zilliqa announced that EVM compatibility would be implemented on the main network on April 25th, laying the foundation for Zilliqa 2.0. EVM compatibility will allow users to transfer ZIL tokens locally using EVM DApp and wallet. After implementing the first full version of EVM compatibility, it will be extended in the subsequent main network upgrade to include full interoperability between Scilla and Solidity standards for alternative tokens, NFT, etc. Zilliqa 2.0 is being developed together with EVM compatibility features, which will retain all the features of the current version of the Zilliqa network, including full EVM compatibility, while bringing significant improvements to network performance and practicality. Zilliqa 2.0 will provide faster final certainty and better scalability through new and improved sharding systems.

Zilliqa will achieve EVM compatibility on the main network on April 25th, and development of Zilliqa 2.0 has begun

On April 21st, Layer1 blockchain Zilliqa made waves in the blockchain industry by announcing the implementation of EVM compatibility on its main network, with the update set to go live on April 25th. This update, which lays the foundation for Zilliqa 2.0, will allow users to transfer ZIL tokens locally using EVM DApp and wallet.

What is EVM compatibility?

Before diving into the significance of Zilliqa’s announcement and what it means for the future of the platform, it’s important to understand what EVM compatibility is all about. EVM stands for Ethereum Virtual Machine, and it’s a runtime environment that allows developers to create smart contracts and decentralized applications (DApps) that run on the Ethereum blockchain.
EVM compatibility means that a blockchain is able to support the same programming language as Ethereum, meaning that smart contracts built on Ethereum can be easily ported over to the blockchain in question, and the blockchain in question can run Ethereum-based DApps without any issues.

Zilliqa 2.0 and the Future of ZIL Tokens

Zilliqa 2.0 is being developed in tandem with EVM compatibility features, and it promises to be a huge step forward for the platform. Zilliqa 2.0 will retain all the features of the current version of the Zilliqa network, including full EVM compatibility. But, it will bring significant improvements to network performance and practicality.
One of the key benefits of Zilliqa 2.0 is faster finality; when a block is added to the Zilliqa blockchain, it becomes final and cannot be reversed. This means that transactions on Zilliqa can be considered confirmed much quicker than on other blockchain platforms. Additionally, Zilliqa 2.0 will provide better scalability through new and improved sharding systems.

Full Interoperability Between Scilla and Solidity

Zilliqa’s announcement also included plans for full interoperability between Scilla and Solidity standards for alternative tokens, NFT, and more in subsequent main network upgrades. Scilla is Zilliqa’s safe-by-design programming language for smart contracts, and Solidity is the programming language used on the Ethereum blockchain.
The ability for Scilla and Solidity to interoperate seamlessly is a huge step forward for the blockchain industry as a whole, as it will allow developers to easily port their DApps and smart contracts between Ethereum and Zilliqa. This makes it easier for developers to utilize Zilliqa’s faster finality and better scalability while still being able to reach Ethereum’s vast user base.

What’s Next for Zilliqa?

With the implementation of EVM compatibility on the main network, Zilliqa is taking a major step forward in its quest to become a blockchain platform of choice for developers and businesses alike. Over the coming months, we can expect to see Zilliqa continue to push forward with the development of Zilliqa 2.0 and additional interoperability features.
Zilliqa’s commitment to staying on the cutting edge of blockchain technology is a promising sign for the future. By building a platform that is fast, secure, and easy to use, Zilliqa is poised to become a major player in the blockchain industry in the months and years ahead.

Conclusion

Zilliqa’s announcement of EVM compatibility on the main network is a significant step forward for the platform and the blockchain industry as a whole. By allowing developers to easily port their DApps and smart contracts between Ethereum and Zilliqa, the platform is primed to become a major player in the space. With the development of Zilliqa 2.0 and additional interoperability features on the horizon, the future looks bright for Zilliqa and its users.

FAQs

1. What is EVM compatibility?
EVM compatibility means that a blockchain is able to support the same programming language as Ethereum, allowing easy porting of smart contracts and DApps between the two platforms.
2. What is Zilliqa 2.0?
Zilliqa 2.0 is the next step in the evolution of the Zilliqa blockchain platform. It promises faster finality and better scalability, while retaining full EVM compatibility.
3. What are the benefits of full interoperability between Scilla and Solidity?
Full interoperability between Scilla and Solidity means that developers can easily port their DApps and smart contracts between Ethereum and Zilliqa, making it easier to utilize both platforms’ unique features.