Hassan Maishera
On Friday, the Zilliqa team announced via X that Protofire has completed a major upgrade across the Zilliqa Safe stack.
For users, this upgrade means better protection against address poisoning attacks, faster loading and improved performance, CSV transaction exports, batch-of-batches transactions, improved WalletConnect experience, safe limit increased from 10 → 40 accounts, and cleaner signing and execution flow.
The upgrade is built on the trusted Safe protocol, with more improvements on the way, including Spaces and Nested Safes.
Zilliqa (ZIL) is one of the world’s first blockchains being built on a sharded architecture and features smart contracts written in the platform’s proprietary programming language: Scilla.
Zilliqa is a public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution.
Zilliqa claims to be the world's first public blockchain to rely entirely on a sharded network. This allows it to achieve high throughput and a high rate of transactions per second, which it says solves the scalability issue. Because each shard processes transactions individually, as the network grows and the number of shards increases, the number of transactions that can be processed per second also increases. As well, records are immediately added to the Zilliqa blockchain after being processed, meaning that no additional time for confirmation is required.
Zilliqa seeks to become the blockchain of choice for large-scale enterprise use, including among the advertising, gaming, entertainment and financial services and payments industries. In its 2018 position paper, its team states that the platform "aims to rival traditional centralized payment methods such as VISA and MasterCard."
The platform is home to many decentralized applications, and as of October 2020, it also allows for staking and yield farming. ZIL is trading at $0.003132, down 1.2% in the last 24 hours.
