Zilliqa faced two significant bugs, on Sept. 27 and 29, slowing and halting block production.
Zilliqa News
Zilliqa is a blockchain platform launched in 2017 by the team of developers from Singapore and the UK. The platform was designed for creating smart contracts and dapps and uses a mixed consensus mechanism: proof of work and Byzantine Fault Tolerance. The main feature of Zilliqa blockchain is high scalability possible due to network sharding: new shard every 600 nodes. The testnet has shown the possibility of almost 2500 transactions per second. Zilliqa is powered with ZIL cryptocurrency, an ERC-20 token, used to pay fees during transactions. ZIL coin was introduced to publicity at the beginning of 2018 and stayed in TOP-50 for more than a year. 40% of coins are distributed for mining. The team launched the mainnet in January 2019 and planned to change ERC-20 tokens to their blockchain.
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Abra purchased the trusts amid a settlement with 25 US state regulators connected to financial licensing violations.
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Block times can also be adjusted as desired. The root mainnet shard features an average block time of just two seconds.
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Following a series of network disruptions, Zilliqa has restored network functionality and is focused on debugging amid its v9.3.4 network upgrade.
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Specifications on Zilliqa’s “user-friendly” console are yet to be revealed, but a prototype design resembling an Xbox console has been released.
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ZIL's price rally has made the coin “overbought” on multiple timeframes, raising selloff risks.
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BTC and ETH prices are in a clear bull trend, but derivatives data shows that pro traders haven’t turned into bulls just yet.
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A rapidly expanding ecosystem, lucrative staking opportunities and support for NFTs back the strong rebound in ZIL price.
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An Indian cryptocurrency exchange will use Unstoppable Domains to create and host blockchain-based URLs, despite the nation's impending Bitcoin ban.
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Accredited investors can now own tokenized shares of a premium whiskey collection powered by Zilliqa.
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Positive news, active communities and a shift toward DeFi appear to be the catalysts responsible for the rallies seen in Zilliqa, Terra's Luna and VeChain.
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New partnerships, network upgrades, and a surge in DeFi activity sent Zilliqa price on a strong month-long rally.
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Xfers believes it's time other national currencies receive a piece of the action too.
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Zilliqa may be due for a correction after monstrous gains as ZIL's price is running into some considerable resistance levels on the charts.
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German bank WEG has partnered with Anquan Capital to explore DLT applications in the banking and financial services industries.
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