Amidst the growing importance of blockchain technology, Zilliqa has made a major advancement by unveiling its 2.0 upgrade. Expected to go live on the mainnet in 2024, this update is poised to transform the network by boosting its speed, efficiency, and cross-chain compatibility.
The newly published white paper and roadmap outline the objectives of Zilliqa 2.0, which seeks to streamline the existing infrastructure to enable more sophisticated, faster, and eco-friendly blockchain operations.
At the core of Zilliqa 2.0 lies the introduction of an innovative sharding architecture called x-shards. This breakthrough is set to revolutionize how businesses and developers utilize the Zilliqa platform, empowering them to create customized blockchain solutions tailored to their specific requirements.
With x-shards providing a more adaptable blockchain experience, users can effectively bring their ideas to life, potentially transforming various industries ranging from finance to supply chain management.
The upgrade also introduces improvements in the consensus mechanism and EVM compatibility. Zilliqa’s shift to a new proof-of-stake (PoS) consensus mechanism, departing from the energy-intensive proof-of-work (PoW) system, signifies a significant move towards sustainability.
The PoS mechanism not only reduces environmental impact but also enhances network security and transaction speed, achieving an impressive average block time of just two seconds on the root mainnet shard.
Furthermore, Zilliqa 2.0 enhances its functionality and accessibility by supporting the Ethereum Virtual Machine (EVM). This integration allows the network to accommodate smart contracts written in popular languages like Solidity and enables seamless integration with widely-used wallets such as MetaMask.
The incorporation of EVM compatibility serves as a strategic step towards connecting Zilliqa with other blockchain ecosystems, broadening its appeal to a wider developer community.
The upgrade also includes advanced features like EVM-compatible account abstraction, which simplifies user interaction by enabling smart accounts and facilitating easy token conversions for gas fees.
Zilliqa’s proactive approach to upgrading its network infrastructure and consensus mechanism aligns with the industry trend towards more scalable, user-friendly, and environmentally sustainable solutions. By embracing these innovations, Zilliqa not only enhances its platform’s performance but also contributes significantly to the evolving landscape of blockchain technology.
As the network progresses towards this significant upgrade, both the crypto and tech communities are eagerly observing the potential impacts on decentralization and digital transaction efficiency.