29 Jun 2018 Simon Briggs
Zilliqa Announces Update – Testnet 2.0 Goes Live
The ZIL token team has been finalizing the details around the update of the network - the Testnet, also known as D24.
Aiming to ensure mass adoption of the coin, the new infrastructure is designed to support Scilla –Zilliqa’s latest contract programming language. Scilla brings a new level of security to decentralized applications that use Zilliqa as their primary tool.
D24’s key features include the Scilla Blockchain IDE for writing and uploading smart contracts into the blockchain, as well as sending and receiving messages about them. Comprehensive documentation of Scilla is also featured.
The Testnet features the Scilla Interpreter, which is focused on writing programs on Scilla and uploading the ready code on the Testnet and the updated version of the wallet.
Xinshu Dong, CEO of Zilliqa, commented that the update aims to encourage the creation and release of new kinds of tools and software which push the limits of existing smart contract applications, as well as to provide a more versatile and secure network.
Mr. Dong also added that the company is focusing on solving significant problems and the development of outstanding infrastructure.
Zilliqa, also referred to as “The Ethereum killer” receives its eleventh update, sets a tone for further expansion. Further increase of the TPS rate (transactions per second) is planned for late September. This suggests that by the end of the year, Zilliqa’s price may well be over $5.
The Chinese market responded positively to Zilliqa’s presence, noting a 7% jump overnight. The quick rise was lost on the 24th, unfortunately. Ranked at #27 in Coinmarketcap’s 100 charts, Zilliqa still shows stable position in times of mass volatility of the market.
Zilliqa’s ICO was released in January 2018, when it achieved $1 billion in market capitalization. This put Zilliqa among the most successful projects in the history of the blockchain market.
D24’s public release is scheduled for 2018’s third quarter.