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The Zilliqa (ZIL) Mainnet is Now Live and Could Soon Implement zkSNARKs

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The Zilliqa (ZIL) Mainnet community is now reside.  Blockchain fanatics and builders can observe the operations of the community by means of Zilliqa Explorer. 

The release of the community comes after 18 months of rigorous paintings from the group at ZIL. The undertaking began out by means of the original design of the Scilla programming language geared toward fixing the good contract vulnerabilities that were discovered on the Ethereum network. The undertaking grew from there to incorporate a number of companions, advisers and a ZIL neighborhood that spans all corners of the globe.

Xinshu Dong, CEO and Co-founder of Zilliqa, defined to Ethereum World News the imaginative and prescient of the modern undertaking.

Today, we’re taking a soar against our imaginative and prescient of enabling leading edge blockchain-powered answers to real-world issues. With this release, Zilliqa is now the primary public blockchain platform to effectively put in force sharding, to handle one of the most largest demanding situations to mainstream blockchain adoption – scalability.

Core Features of the Zilliqa Mainnet

The core options of the ZIL mainnet that units it except the remainder are as follows:

  • Sharding
  • A PDFT-Style (Practical Byzantine Fault Tolerance) Blockchain
  • Safe good contracts in the course of the Scilla programming language
  • Low variance in block rewards

What Lies Ahead 

To start with, the group plans on securing the preliminary community in opposition to possible assaults. They shall be launching the community in a bootstrap segment which is able to finish as soon as a suite choice of blocks are mined. This has been estimated to occur round March this yr.

Token Swap Window and Exchanges Supporting the Process

After the realization of the bootstrap segment, the group at Zilliqa will paintings with more than a few exchanges to facilitate the change of ERC20 tokens to the local ZIL at the Mainnet. The procedure has been estimated to be finished by means of June this yr. All ERC20 ZIL tokens shall be frozen quickly after.

The following exchanges and wallets will beef up the token change. The listing shall be up to date with time as extra exchanges and wallets verify their participation.

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

Implementation of zkSNARKs Proofs

A imaginable long run function at the Zilliqa mainnet is the usage of zkSNARKs in additional tactics than just privacy. The group defined how the zero-knowledge methodology can be used additional.

Beyond this privateness use case, zkSNARKs are being actively carried out within the space of verifiable computations, the place, a shopper plays a computation-heavy activity off-the-chain and produces to the miners a “proof of work” that may be verified very successfully. This particular utilization of zkSNARKs may end up in a trustless and safe off-chain computation layer atop Zilliqa.

Furthermore, zkSNARKs will also be used to design succinct blockchains to cut back the garage necessities for look up and seed nodes and decrease sync-up time for brand new nodes.

What are your ideas on the way forward for the Zilliqa community? Please tell us within the remark phase beneath. 

[Image courtesy of Unsplash.com]

Disclaimer: This article isn’t supposed to provide monetary recommendation. Any further opinion herein is only the creator’s and does now not constitute the opinion of Ethereum World News or any of its different writers. Please perform your individual analysis ahead of making an investment in any of the a lot of cryptocurrencies to be had. Thank you.

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