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Zilliqa Partners with Poly Network and Switcheo Labs to Resolve the Zilbridge Platform Issues

Twitter icon  •  Published 1개월 전  •  Hassan Maishera

The Zilliqa team announced via X on Wednesday that it has partnered with Poly Network and Switcheo Labs to resolve the Zilbridge platform's ongoing disruption.

The Zilliqa team announced via X on Wednesday that it has partnered with Poly Network and Switcheo Labs to resolve the Zilbridge platform's ongoing disruption. The teams are working to restore full functionality to ZilBridge while retaining the integrity of the platform's infrastructure, as extracting user funds from the ZilBridge lock-proxy contract during this disruption would incur the risk of double-spending. 

Furthermore, they will publish a root cause analysis (RCA) that clarifies the issues which the relevant teams are working hard to resolve. 

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. ZIL is trading at $0.03398 at press time, up by 10% in the last 24 hours.

 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.