Zilliqa 2.0 Development Update: Main Network Implements EVM Compatibility
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 Zil
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
As of April 21st, Zilliqa announced that EVM compatibility would be implemented on their main network to allow for ZIL token transfers through EVM DApps and wallets. This is the foundation for Zilliqa 2.0, which is being developed to bring significant improvements to network performance and practicality while retaining full EVM compatibility.
What is Zilliqa?
Zilliqa is a high-throughput blockchain platform that uses sharding technology to increase transaction throughput. By dividing the network into smaller groups of nodes (shards), Zilliqa can process more transactions in parallel. This makes Zilliqa suitable for applications that require high transaction throughput, such as gaming, marketplaces, and finance.
EVM Compatibility Implementation
With EVM compatibility, Zilliqa can now support Ethereum-compatible tokens and smart contracts on its main network. This means that developers can easily port their existing Ethereum DApps and contracts to Zilliqa, without having to rewrite their code.
Zilliqa has implemented the first version of EVM compatibility, which allows users to transfer ZIL tokens locally using EVM DApps and wallets. This provides greater convenience for users who are already familiar with Ethereum wallets and want to use Zilliqa for its faster transaction speeds.
Full Interoperability
Zilliqa plans to extend EVM compatibility in the subsequent main network upgrade to include full interoperability between Scilla and Solidity standards for alternative tokens, NFTs, and more. This will allow for seamless cross-chain transactions between Zilliqa and Ethereum, making it easier for users to transfer tokens and assets between the two networks.
Zilliqa 2.0 Development
Zilliqa 2.0 is being developed in parallel with the implementation of EVM compatibility features. This new version of the Zilliqa network will retain all the features of the current version, including full EVM compatibility, while bringing significant improvements to network performance and scalability.
The new sharding system, developed in collaboration with researchers from the University of Cambridge, will further increase transaction throughput by allowing for faster finality and better scalability. This means that more transactions can be processed in a shorter amount of time, leading to a more efficient and practical blockchain platform.
Conclusion
Zilliqa’s implementation of EVM compatibility on its main network is a significant step towards its vision of becoming a leading blockchain platform for high-throughput applications. With the upcoming main network upgrade and the development of Zilliqa 2.0, Zilliqa is poised to take a major leap in network performance, scalability, and practicality.
FAQs
1. What is EVM compatibility?
– EVM compatibility allows for Ethereum-compatible tokens and smart contracts to be supported on a blockchain platform.
2. What are the benefits of Zilliqa’s sharding technology?
– Sharding technology allows for increased transaction throughput, making it more suitable for applications that require high transaction speeds.
3. How does Zilliqa 2.0 improve network performance and practicality?
– Zilliqa 2.0 brings major improvements to network performance and scalability through its new and improved sharding system. This allows for faster finality and better scalability, making it a more efficient and practical blockchain platform.
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