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Main Network Upgrade: Zilliqa Now EVM Compatible

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On April 27th, it was announced that Layer 1 blockchain Zilliqa has successfully deployed a main network upgrade that can achieve EVM compatibility. The Ethereum virtual machine EV

Main Network Upgrade: Zilliqa Now EVM Compatible

On April 27th, it was announced that Layer 1 blockchain Zilliqa has successfully deployed a main network upgrade that can achieve EVM compatibility. The Ethereum virtual machine EVM has been launched on the main network, and its network is now able to handle transactions normally. The exchange has also resumed ZIL charging.

Zilliqa has successfully deployed a main network upgrade that can achieve EVM compatibility

Zilliqa, a Layer 1 blockchain platform, recently announced its main network upgrade that successfully achieved Ethereum Virtual Machine (EVM) compatibility. With this new milestone, the Zilliqa network can now handle transactions just like Ethereum, opening up new opportunities for developers and businesses.

What is Zilliqa?

Before discussing the recent upgrade, it’s important to understand what Zilliqa is and how it works. Zilliqa is a blockchain platform that uses sharding to improve scalability while maintaining high levels of security. Unlike other platforms where all nodes handle every transaction, Zilliqa splits the network into smaller groups of nodes called shards. This allows the network to handle more transactions per second (TPS) and significantly reduces the time it takes to process these transactions.
With sharding, Zilliqa is able to maintain high levels of security because nodes only need to validate transactions within their shard, making it nearly impossible for attackers to compromise the network by concentrating their efforts on a single shard. Zilliqa also uses smart contracts which enable developers to create decentralized applications (dApps) that can run on the network.

Achieving EVM Compatibility

On April 27th, Zilliqa announced that it had successfully deployed a main network upgrade that achieved EVM compatibility. The Ethereum Virtual Machine (EVM) is a programming environment that enables developers to write smart contracts that can run on Ethereum. By achieving EVM compatibility, Zilliqa is now able to support Ethereum-based smart contracts on its own network.
This upgrade is a significant milestone for Zilliqa because it means that developers can now easily port their existing Ethereum-based dApps to Zilliqa without having to rewrite the smart contracts from scratch. This not only saves developers time and resources but also opens up new opportunities for businesses looking to leverage blockchain technology for their operations.

Resuming ZIL Charging

In addition to achieving EVM compatibility, Zilliqa also announced that the exchange has resumed ZIL charging. This means that users can now deposit and withdraw ZIL tokens from their accounts without any issues. This is welcome news for users of the platform who were temporarily unable to use ZIL due to the recent network upgrade.

Conclusion

Zilliqa’s recent main network upgrade is a significant step forward for the blockchain platform. Achieving EVM compatibility means that Zilliqa can now support Ethereum-based smart contracts, opening up new opportunities for developers and businesses. With sharding, Zilliqa is already a highly scalable and secure blockchain platform, and this upgrade further solidifies its position as a leading platform for building decentralized applications.

FAQ

1. What is sharding and how does it improve scalability?
– Sharding is a technique used by Zilliqa that splits the network into smaller groups of nodes called shards. This allows the network to handle more transactions per second and significantly reduces the time it takes to process these transactions.
2. How does achieving EVM compatibility benefit developers and businesses?
– Achieving EVM compatibility means that developers can now easily port their existing Ethereum-based dApps to Zilliqa without having to rewrite the smart contracts from scratch. This not only saves developers time and resources but also opens up new opportunities for businesses looking to leverage blockchain technology for their operations.
3. What is the significance of resuming ZIL charging?
– Resuming ZIL charging means that users can now deposit and withdraw ZIL tokens from their accounts without any issues. This is important for users of the platform who rely on ZIL to use the network.

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