Zilliqa 2.0 Mainnet Set for Q1 2025 Launch with Aventurine Proto-mainnet
Zilliqa #ZIL, established during the ICO boom of 2017, is transitioning to Zilliqa 2.0 by Q1 2025. The Aventurine Proto-mainnet has launched to allow community exploration of new features.
Zilliqa 2.0 introduces a scalable, secure, and interoperable blockchain aimed at enhancing the Web3 ecosystem. The testing phase on the Aventurine Proto-mainnet has been extended to early 2025 to familiarize participants, including validators and delegators, with new operational models.
The Zilliqa team stated that this extensive testing phase is essential for a successful migration to the new network, allowing developers time to ensure their applications function effectively on Zilliqa 2.0 before the mainnet switch.
Key Features of Zilliqa 2.0
Zilliqa 2.0 focuses on seamless adoption of Web3 protocols through scalable smart contracts. Key features include:
- x-shards: Enhance scalability, speed up finality, and improve user experience.
- Consensus Mechanism Transition: Moves from Proof-of-Work (PoW) to Proof-of-Stake (PoS), reducing transaction costs and carbon footprint.
- EVM Compatibility: Enables connections with other EVM-compatible blockchains for multichain applications.
- ZIL Token Interface: The native ZIL token will be wrapped in an ERC-20 interface.
Market Impact on ZIL
The launch of Zilliqa 2.0 is expected to significantly influence the mainstream adoption of the ZIL token. With a fully diluted valuation of approximately $480 million and a daily trading volume averaging $50 million, ZIL has shown bullish trends after being in a bear market since early 2021.
Zilliqa 2.0 aims to enhance ZIL's tokenomics by reducing inflation and improving staking rewards, thereby attracting more network delegators. The previous Zilliqa network has seen over 4.8 million addresses and achieved over 69.42 million transactions.