Binance to Support Zilliqa Network Upgrades and Hard Forking

04/21/2023 03:03 • Metaverse & Beyond • 77 views

On April 21st, according to official sources, Binance announced that it will support Zilliqa (ZIL) network upgrades and hard forking. It is reported that the Zilliqa (ZIL) network upgrade and hard fork will be carried out at 16:00 Beijing time on April 25, 2023, and ZIL will suspend recharging starting from approximately 15:00 on April 25. ZIL’s transactions will not be affected during network upgrades and hard forks.

Binance will support Zilliqa (ZIL) network upgrades and hard forking, with charging suspended from 15:00 on April 25th

As per official sources, Binance, one of the largest cryptocurrency exchanges in the world, has announced its support for Zilliqa (ZIL) network upgrades and hard forking. The move is aimed at improving the security, scalability, and efficiency of the Zilliqa network.

Overview of Zilliqa Network Upgrade and Hard Fork

The Zilliqa (ZIL) network upgrade and hard fork are scheduled to take place on 25th April 2023 at 16:00 Beijing time. During this time, ZIL will suspend recharging operations from approximately 15:00 on April 25. However, ZIL’s transactions will not be affected during network upgrades and hard forks.

Why Is Binance Supporting Zilliqa Network Upgrade and Hard Fork?

Binance’s support for Zilliqa network upgrade and hard fork is a testimony to the exchange’s commitment towards improving the overall blockchain ecosystem. Binance has always been at the forefront of supporting new blockchain projects that can revolutionize the way transactions occur in the world of cryptocurrency.

Benefits of Zilliqa Network Upgrade and Hard Fork

The Zilliqa network upgrade and hard fork will improve the scalability, efficiency, and security of the Zilliqa network. Zilliqa is one of the most promising blockchain projects in the world that uses sharding technology to achieve higher throughput and better efficiency. With the new network upgrade and hard fork, Zilliqa can potentially become even faster and more secure, making it one of the best blockchain platforms for developers.

Zilliqa’s Potential for Mass Adoption

Zilliqa’s potential for mass adoption is immense, and this is one of the reasons why Binance is supporting its network upgrade and hard fork. With its innovative sharding technology, Zilliqa can process thousands of transactions per second, making it a viable platform for decentralized applications (DApps). Zilliqa has an impressive list of partners, including Hg Exchange, who recently launched a new security token issuance platform on Zilliqa.

Conclusion

Binance’s support for Zilliqa network upgrade and hard forking is a positive sign for the development of the blockchain ecosystem. As more and more exchanges and projects come forward to support new blockchain initiatives, it will become easier to achieve mass adoption of the technology. The Zilliqa network upgrade and hard fork will undoubtedly make the platform even more efficient and secure, making it one of the best blockchain platforms for developers.

FAQs

1. What is Zilliqa?
Zilliqa is a high-performance blockchain platform that uses sharding technology to achieve high throughput and scalability.
2. Why is Binance supporting Zilliqa network upgrade and hard forking?
Binance is committed to improving the overall blockchain ecosystem and is at the forefront of supporting innovative projects like Zilliqa.
3. When will the Zilliqa network upgrade and hard fork take place?
The Zilliqa network upgrade and hard fork will take place on 25th April 2023 at 16:00 Beijing time.
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