фото показано с : captainaltcoin.com

The weakest point of Ethereum and Bitcoin blockchains are their transaction speeds which prompted Zilliqa to start their project – it is expected that Zilliqa will be able to process about a thousand times the transaction rates of Ethereum. The core of Zilliqa lies in sharding – dividing the mining network into smaller shards each able to process transactions in parallel.

However, ZIL community was long irked by the delay of Zilliqa mainnet launch that is finally confirmed for January 2019. As the team stated in their latest announcement:

It has taken us a while to give you a more concrete answer on the exact dates because we want to be fully transparent with you on where exactly our progress has been, and how we realistically expect to launch the mainnet.

After long discussions with our technical team, we have put together a progress update that should give you a better sense of our progress and upcoming roadmap.

You will find that we plan to launch the mainnet in a bootstrap phase, where miners get mining rewards but transactions will not be processed. As discussed in this community a few weeks back, we need to ensure that our network is protected against attacks at the beginning when the hash power is relatively low. This bootstrap phase will automatically end when a set level of hashing power we deem sufficient and/or a set # of blocks is achieved. The exact values for these parameters are still being finalised and will be included in the code used for mainnet launch.

Token swap is also scheduled for Q1 of the next year.

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The mainnet should come with several useful features, including:

The first release of the project’s mainnet will also be capable of sharding, technology which will ensure scalability by allowing smart contracts to be processed in parallel across different shards.

Zilliqa didn’t earn itself any additional fans with a slew of delays. However, the project still remains an important player in the smart contract space. They just need to make sure not to lose this status by further failing to stick to their promises.

The post Time for Zilliqa (ZIL) to climb out the hole they’ve dug themselves appeared first on CaptainAltcoin.

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