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Zilliqa [ZIL]: Where have they been? Testnet updates and new features!

Anirudh VK

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Zilliqa [ZIL]; Where have they been? Testnet updates and new features!
Source: Unsplash

Zilliqa is on the road to launch its testnet, with updates coming hard and fast for ZIL HODLers. The testnet will feature a powerful new smart contract language known as Scilla, which aims to “bring a new level of security” to the dApps in the Zilliqa blockchain.

Meanwhile, they are also developing initiatives aimed at ease of use and migration to the Zilliqa blockchain. They recently announced an initiative to incentivize development and building of new apps in the ecosystem, where a team or individual developers can apply for the Zilliqa Ecosystem Grant. The grant will be given to those who build tools or dApps, with a pool of $5 million.

The testnet changes the way mining rewards work, with nodes that participate more in the consensus, are rewarded with more tokens. This is determined by the signature count of each node. Zilliqa CEO Xinshu Dong said:

“With this scheme, every node will be treated fairly and tokens are distributed more evenly every epoch.”

The update implements a standalone web-based Scilla Integrated Development Environment, whose purpose is testing smart contracts. It provides an interface for developers to simulate a blockchain environment. It also features major changes to the interpreter and language part of the Zilliqa blockchain. The team has also coded a standard library that includes basic operations on a selected number of data primitives and data structures.

They said:



“We now have a basic implementation of the gas mechanism. In the current implementation, a normal payment-like transaction from a non-contract account to another non-contract account costs 1 unit of gas. Any call from a non-contract account or otherwise to a contract costs 10 units of gas, and creating a contract requires 50 units of gas.”

Zilliqa Foundation also released a list of new dApps for the ecosystem, most notable of which is Spokkz. Spokkz is an initiative by online streaming service Spuul, which has over 57 million users.

Another dApp that was released was Bolt, which aims to be an open entertainment network. It functions as a way to access education, content and data resources.





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Anirudh VK is a full-time journalist at AMBCrypto. He has a passion for writing and interest towards the future of blockchain technology and cryptocurrencies. He does not own any cryptocurrencies currently.

Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

Priya

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
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Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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