Back to News

Zilliqa Submits New Proposals Ahead Of Its Move To Zilliqa 2.0

Twitter icon  •  Published il y a 7 mois  •  Hassan Maishera

The Zilliqa team informed its community members via X (formerly Twitter) on Friday that they have submitted two new proposals centred around improving network efficiency and managing $ZIL inflation as they move to Zilliqa 2.0.

The Zilliqa team informed its community members via X (formerly Twitter) on Friday that they have submitted two new proposals centred around improving network efficiency and managing $ZIL inflation as they move to Zilliqa 2.0.

The first proposal aims to temporarily eliminate shards until the more efficient sharding infrastructure is launched, improving cost-efficiency in the meantime.

The second proposal introduces an active reward mechanism that ensures competitive returns while managing ZIL inflation and improving the sustainability of the network.

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 $0.01611 at press time, down by 2% 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.