Categories: Business & Finance

Zilliqa Mainnet Release Time Postponed, What Happend?

In August of this year, Zilliqa announced that the launch of Zilliqa mainnet will be postponed until January 2019. What does this mean for the Zilliqa community? Let’s look at what is Zilliqa first.

Zilliqa To The（TSP）Rescue

Blockchain technology offers great potential for many industries, but expansion is still one of its biggest problems. If you have a deal sitting in the chain for hours (sometimes a few days), it’s no surprise that you’re developing a new race in a startup: TPS.

Zilliqa is one of only 28 cryptocurrencies with a market capitalization of more than $1 billion and is one of Singapore’s second blockchains, and is working to alleviate this situation I mentioned above (Zilliqa price now is $0.037296) .

Zilliqa aims to use sharding to alleviate the blockchain’s extended limit. Fragmentation divides the blockchain network into shards, allowing it to handle multiple transactions simultaneously, which not only enhances scalability, but also reduces a large number of Calculate ability.

Bitcoin only uses the same amount of carbon dioxide per year as a million transatlantic flights, this unsustainable practice cannot be ignored, especially as society becomes more aware of the poor management of our energy resources.

To this end, the Zilliqa community is eagerly awaiting the mainnet releases in the third quarter of 2018. Perhaps Zilliqa’s fragment energy footprint is at least an order of magnitude lower than current Bitcoin (bitcoin currency) or Ethereum (eth coin). The market has been optimistic about cryptocurrency, ZIL increased by 68% after the release of the public test network in April 2018, with 2,488 TPS using only 3,600 nodes.

However, it is very disappointing that the community recently announced from the co-founder Amrit Kumar in the official telegram group that the mainnet plan will not be realized in the third quarter of 2018. Because: