Layer 1 blockchain community, Zilliqa, has formally transitioned from its authentic protocol to Zilliqa 2.0. The overhaul introduces full Ethereum Digital Machine (EVM) compatibility.
It will enable builders to deploy Ethereum-based functions and use present tooling on the Zilliqa community.
Six-Pillar Structure
Based on the official press launch shared with CryptoPotato, Zilliqa 2.0 is designed with modularity in thoughts and goals to help future scalability and protocol evolution.
The brand new structure incorporates six core elements: a Proof-of-Stake consensus mechanism, customizable x-shards, cross-chain communication help, mild shopper performance, and revised tokenomics meant to advertise long-term sustainability.
In an announcement, Alexander Zahnd, interim CEO of Zilliqa, mentioned,
“Zilliqa 2.0 is greater than an improve – it’s a change. We’re constructing the blockchain establishments can belief with out compromising on the velocity, flexibility, or openness that introduced us right here within the first place. The following period of blockchain received’t be constructed on hype. It’ll be constructed on belief, transparency, and technical excellence. That’s what Zilliqa 2.0 stands for.”
Zahnd additionally added that the community is now each “institution-ready” in addition to “developer-friendly.”
Deal with Fintech, Identification, and Compliance
Zilliqa’s growth roadmap additionally contains upcoming options comparable to good accounts and zero-knowledge capabilities, that are anticipated to help privacy-oriented compliance use instances, together with selective disclosure and verifiable credentials.
The transition follows a six-month check interval often called the Aventurine section, throughout which 21 exterior validators operated a proto-mainnet that produced over 7.5 million blocks and underwent 15 shopper upgrades. With the improve now lively on the mainnet, the workforce behind the community mentioned that Zilliqa 2.0 is positioned to help functions in sectors comparable to tokenized belongings, decentralized finance (together with regulated DeFi), digital identification, and fintech infrastructure.
Staking within the newest iteration has acquired a efficiency enhance, together with streamlined validator onboarding and the potential for top early APRs for customers who migrate their stakes from Zilliqa 1.0.
This new staking mannequin is designed to draw early participation whereas steadily accommodating liquidity transfers from the earlier model. Preliminary integrations with companions like LTIN and interoperability protocol deBridge, which is introducing native USDC help.
In the meantime, its native token, ZIL, was buying and selling close to $0.0107.
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