ZILLIQA – BASIC NETWORK BLOCKCHAIN PROJECT IS LAUNCHED

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The organizers of the crypto-project Zilliqa, which deals with the problems of scaling and speed of decentralized systems, announced the launch of its main network – the first full-fledged public blockchain with support for sharding technology. Preparation for today’s launch was carried out in stages – a total of 26 updates were carried out in three versions of the test network, focused on ensuring the performance of various functions.

The developers note that until June 2019 the main network will work in debug mode. At the end of the first quarter, the exchange of ERC20-ZIL tokens for the tokens of Zilliqa’s own blockchain will start, and after the completion of the debugging period, ERC20-tokens will be frozen. Currently, ZIL holders are not required to take any action. In addition, the developers are negotiating with a number of exchanges, including Binance, Huobi, Gate.io and Bittrex, who are expected to exchange tokens for their users.

According to the publication, the launch of the main Zilliqa network marks only the first step towards creating a secure and scalable infrastructure that will support new features and protocols.

Zilliqa ICO took place in December 2017 – then the project managed to attract $22 million. ZIL Token currently ranks 31st among the largest crypto assets with a capitalization of $153 million, according to CoinMarketCap.

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