4 Zilliqa (ZIL) Updates To Keep You HODLing

August 22, 2018

Advertisment

With talks all over the crypto-verse about pending Bitcoin (BTC) ETF decisions at the SEC as well as how such an investment product would change the world of crypto, attention is drawn away from other promising crypto and blockchain projects such as Zilliqa (ZIL). Most of the headlines from the beginning of August have been about how Institutional investors will get into crypto through several investment instruments as well as new companies such as Bakkt.

Such attention away from the best blockchain projects that will change the future, end up hurting the values of their coins and tokens in the markets. ZIL is currently valued at $0.037 and up only 2.47% in the last 24 hours. This is a far cry from its peak value around mid-May when it was valued at $0.20. But this is okay. The time is now to buy some more ZIL or keep HODLing as shall be outlined through the most recent updates.

Mainnet Launch

Although the Mainnet had been scheduled for release in the third quarter of 2018, the team at Zilliqa have pushed the launch to December this year or in January next year. The reason for doing so, according to the team, is to have additional time to work on the following

Conduct thorough security audits
Prepare for and execute the token swap
Integrate with wallets
Develop toolchains
Bring more dapps onboard

Strategic Partnership

On August 2nd, the team at Zilliqa announced a partnership with Infoteria, a leading enterprise software company in Japan that is also listed on the Tokyo stock exchange. The partnership will enable enterprise systems to easily utilize Zilliqa’s next-generation high-throughput blockchain platform to power enterprise usage and adoption of Decentralized Applications (DApps). More DApps on ZIL means more use case for the digital asset.

Both firms aim at promoting Zilliqa on ASTERIA – Infoteria’s middleware product that currently has more than 6,500 enterprise customers and 41% market share in Japan. All those customers stand to be potential Zilliqa blockchain users.

Zilliqa Grant Program

The Zilliqa project has a unique grant program to encourage the development and adoption of applications on the platform. The Grant has a pool of $5 Million USD that will be given to great projects, teams, and individuals to start building tools and applications for the Zilliqa platform. This means as soon as the Mainnet is launched, there will be a bunch of DApps up and running to prove that Zilliqa is a unique solution.

Scilla Programming Langauge

The Scilla programming language was developed to solve all the scalability issues as well as the security vulnerabilities on the Ethereum platform. Backed by research and a team of academics, engineers, and entrepreneurs, we are sure that the final solution to be found in the Zilliqa Mainnet, will be like no other seen in the blockchain industry.

Summing it all up, all the above developments prove that the team at Zilliqa are constantly working to deliver a superior product that triumphs over others such as Ethereum and Tron. The fact that the testnet can handle 2,828 transactions per second using just 6 shards proves that the future is the limit for ZIL. Once all these developments come together by January next year, the DApps will be fully functional on the ZIL platform giving the digital asset a use case as well as driving up its demand in the market. The latter will result with a Moon landing for ZIL given the other fact that we could be heading into a Bull Run as we approach the holidays.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

The post 4 Zilliqa (ZIL) Updates To Keep You HODLing appeared first on Global Coin Report.

Read more at https://globalcoinreport.com/4-zilliqa-updates-hodling/