Project Zilliqa Announces a New Update on Stacking
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Answer Project Zilliqa Announces a New Update on Stacking
In a new update to the Zilliqa project, in which the project management announced that the “stacking” process on the mainnet will be ready before the end of the second quarter of this year, this was announced in a blog published on April 9, the day after the “Ask Me Anything” share. AMA with the crypto community.
The announcement indicated significant progress has been made around the Stacking process on Zilliqa since its inception, and there was also a call for developers to join testing activities on the testnet via an official tweet.
calling everyone #developers… 🥳 target $ # Manufacture Now open for testing on # zilliqatestnet for! 🖖
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Read more here ➡️ – a#blockchain#StakeWithZIL pic.twitter.com/eJae06fKAL
– Zilliqa (zilliqa) April 9, 2020
As part of the update, Project Zilliqa revealed that the testnet smart contract is now available as open source.
The current “testnet” version is 6.2.0 and the search for potential bugs is open with a bounty program to help programmers discover any flaws.
Additionally, the announcement indicated that the Stacking process integration would serve as an initial node, and Zilliqa project management invited interested partners to evaluate the feature and, essentially, help start building prototype services for use in testing activities.
Another interesting update is the option of different DApps and wallets to try to “stake” on them. Besides, a tool has been released to calculate the estimated earnings from the “staking” process, as he explains statement Blog.
Project Zilliqa focuses on the “stacking” process:
Colin Miles, Zilliqa’s head of marketing, said at the AMA session that the project’s focus was on rolling out the stacking mechanism.
During the session, Amrit Kumar, Zilliqa’s head of security, mentioned that a copy of the mainnet was already working with sharding through sharing functions to make sure nodes and transactions are split and shared into different groups.
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In addition, the processing is then done in parallel, and as a result it protects the network from external security threats, while maintaining the decentralized nature of the network.
It is worth noting that Zilliqa has previously announced its mainnet, in addition to announcing the “swap” process for its token and its transformation from an Ethereum-based token to the mainnet:
Find out the deadline for the process of exchanging Zilliqa coin and its symbol ZIL to the mainnet
The Zilliqa project also announced a partnership with Switcheo to launch the first decentralized platform on its network:
A new partnership between the Zilliqa project and SwitcheoNetwork to build the first decentralized platform on the Zilliqa blockchain
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