Zilliqa Takes A Leap Forward With EVM Compatibility On The Main Network

On April 21st, it was reported that Layer1 blockchain Zilliqa announced that EVM compatibility would be implemented on the main network on April 25th, laying the foundation for Zilliqa 2.0. EVM compatibility will allow users to transfer ZIL tokens locally using EVM DApp and wallet. After implementing the first full version of EVM compatibility, it will be extended in the subsequent main network upgrade to include full interoperability between Scilla and Solidity standards for alternative tokens, NFT, etc. Zilliqa 2.0 is being developed together with EVM compatibility features, which will retain all the features of the current version of the Zilliqa network, including full EVM compatibility, while bringing significant improvements to network performance and practicality. Zilliqa 2.0 will provide faster final certainty and better scalability through new and improved sharding systems.

Zilliqa will achieve EVM compatibility on the main network on April 25th, and development of Zilliqa 2.0 has begun

On April 21st, Zilliqa blockchain announced its groundbreaking implementation of EVM (Ethereum Virtual Machine) compatibility on the network’s main platform, setting the stage for the emergence of its impressive Zilliqa 2.0. This move is expected to revolutionize the blockchain ecosystem, enabling Zilliqa network users to make token transfers using EVM DApp and wallet locally. In this article, we delve deeper into what this means for the Zilliqa network and the broader blockchain universe.

Zilliqa Network And EVM Compatibility

Zilliqa is a high-throughput blockchain platform that allows developers to create new decentralized applications (DApps). The platform utilizes sharding technology to streamline the consensus process, thereby enabling the network to process an immense number of transactions per second (TPS).
The addition of EVM compatibility will significantly enhance the Zilliqa network’s operations, allowing developers to create smart contracts using the Solidity programming language, thus improving the development process. With EVM compatibility, Zilliqa will join the list of few networks that can support both Solidity and Scilla. This flexibility will expand Zilliqa’s ecosystem for DApp builders, making it more convenient and efficient for developers to create amazing applications on the network.
Furthermore, the EVM compatibility feature will enable easy transfers of native ZIL tokens to EVM-compatible wallets, as well as the accurate conversion of ERC20 tokens. This interoperability feature will promote the development of sustainable and efficient blockchain applications.

Zilliqa 2.0

Zilliqa 2.0 is an upgrade to the existing Zilliqa blockchain, and it will provide optimization for the sharding algorithm which increases the networks’ ability to scale. The upgrade will also improve the platforms’ security, efficiency, and usability. Additionally, it will provide improved finality and faster transaction times linked to the network’s existing sharding design.
Zilliqa 2.0 is also designed to provide more efficient smart contract handling capabilities, with top-notch transaction speeds, keeping them competitive as an advanced blockchain network. By combining the advantages of EVM compatibility with the improvements from Zilliqa 2.0, users can expect faster, more secure transactions at lower costs.

About Layer1

Layer1 is a blockchain technology infrastructure company that operates on high-performance GPS-enabled computers in West Texas, providing the energy needed for sustainable management of blockchain ecosystems.
Following the successful implementation of EVM compatibility on the Zilliqa network, Layer1 plans to expand and support ecosystems that had previously not been available to them. They will be investing to create DApps, games, wallets and token generations of the Zilliqa network, thereby beautifying the possibilities of the blockchain ecosystem.

Conclusion

The implementation of EVM compatibility on the Zilliqa network moves the blockchain and cryptocurrency universe closer to true interoperability, boosting the development of decentralized applications. The new Zilliqa 2.0 upgrade will facilitate faster and more efficient transaction speeds while retaining existing network features, provides an interesting development for developers, investors, and users alike. Layer1’s investment opportunist with Zilliqa networks shows a central tenet of Blockchains interoperability, trust, and sustainability in driving blockchain developments to new agitations.

FAQs

**1. What is EVM compatibility?**
EVM compatibility is the ability of different blockchain networks to easily interact and transfer tokens using a common EVM standard instead of creating custom systems.
**2. Does EVM compatibility support ERC-20 tokens?**
Yes, EVM compatibility enables the accurate conversion of ERC20 tokens, effectively making it easy for users to import and export tokens from Ethereum and other EVM-compatible blockchains.
**3. How does Zilliqa 2.0 improve the network?**
Zilliqa 2.0 provides significant improvements to the network’s performance, scalability, and practicality, including faster finality, better sharding systems, and more efficient processing of smart contracts.