Zilliqa’s Main Network Upgrade Achieves EVM Compatibility

On April 27th, it was announced that Layer 1 blockchain Zilliqa has successfully deployed a main network upgrade that can achieve EVM compatibility. The Ethereum virtual machine EVM has been launched on the main network, and its network is now able to handle transactions normally. The exchange has also resumed ZIL charging.

Zilliqa has successfully deployed a main network upgrade that can achieve EVM compatibility

Zilliqa, a Layer 1 blockchain, has recently made a significant development in its main network. On April 27th, 2021, Zilliqa announced the successful deployment of a main network upgrade that has achieved Ethereum Virtual Machine (EVM) compatibility. This means that the Zilliqa blockchain network can now handle transactions like any other Ethereum-compatible platform, opening doors for more widespread token integrations and decentralized applications (dApps).

The Importance of EVM Compatibility

The EVM is a critical component of the Ethereum network that allows for the development of smart contracts written in Solidity. It’s a special virtual machine that reads and executes instructions within smart contracts, enabling the automation of transactions and operations. As a result, many blockchain platforms have sought to achieve EVM compatibility to leverage the vast developer community and existing Ethereum-based infrastructure.
Zilliqa’s EVM-compatible main network upgrade signifies a significant milestone for the platform, as it can now support Ethereum-based smart contracts on an efficient and high-performance blockchain network. This development can potentially attract more developers to build dApps and launch new tokens on the Zilliqa blockchain.

Features of Zilliqa’s Main Network Upgrade

Zilliqa’s main network upgrade includes several new features and improvements to enhance the user experience and overall network efficiency.

Technical Upgrade

The technical upgrade implies that the platform has implemented several structural changes that make it faster, more secure, and scalable. This includes node synchronization between shards, optimizing block and transaction finality, and faster consensus on the network’s state.

Better Security and Decentralization

Zilliqa’s main network upgrade has implemented new security measures, making the network more robust and secure. Additionally, the upgrade has achieved a higher degree of decentralization through staking. The staking mechanism incentivizes nodes to work honestly, thereby increasing the network’s security and decentralization.

Faster Transaction Processing

The main network upgrade brings the network’s transaction processing speed to more than 2,800 transactions per second, making it one of the fastest and most efficient blockchain networks available.

Resumption of ZIL Charging

Following the successful deployment of the main network upgrade, the exchange has resumed ZIL charging. This means that users can now trade and transfer ZIL tokens on exchanges that support Zilliqa.

Conclusion

The deployment of Zilliqa’s main network upgrade that achieved EVM compatibility is indeed a game-changer for the platform. It enables seamless integration with Ethereum-based infrastructure and opens up opportunities for dApps and token integrations with the Zilliqa platform. With its improved technical features, better security, and faster transaction processing, Zilliqa is poised to be one of the most innovative and efficient blockchain platforms available.

FAQs

1. What is Layer 1 blockchain technology?

Layer 1 blockchain technology refers to the base layer of a blockchain network. It’s the underlying infrastructure that provides the foundation for other layers in the network.

2. What does EVM compatibility mean for Zilliqa?

EVM compatibility means that Zilliqa can support Ethereum-based smart contracts on its network, allowing developers to leverage the vast Ethereum developer community and existing infrastructure.

3. What are dApps?

dApps, short for decentralized applications, are software applications built on a decentralized blockchain network that can execute transactions and operations without the need for intermediaries. They typically operate using smart contracts and provide an alternative to traditional centralized applications.