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TL;DR Monthly Halving of Mining Rewards: Starting October 2024, Zilliqa will reduce mining rewards by 50% each month, aiming to align miner incentives with the upcoming Proof-of-Stake (PoS) transition. Community-Driven Decision: The halving mechanism was approved by a decentralized governance vote, with 97% of gZIL holders supporting the change, reflecting strong community commitment.
Public blockchain network Zilliqa has activated a new mechanism that will see mining rewards halved for the next three months. On Oct.
Zilliqa has announced that the community proposal to halve monthly mining rewards has passed, marking a significant step as the project prepares to transition to a proof-of-stake (PoS) network. The news boosted Zilliqa's (ZIL) price, which surged 8% in the past 24 hours, reaching levels last seen in late September.
The crypto market adopted a bearish outlook following the recent economic figures. Early today, the United States Bureau of Labor Statistics revealed that the yearly inflation jumped to 2.4% and up 0.2% in September, surpassing market expectations.
Zilliqa has announced a “permanent fix” to a bug problem that caused the blockchain to halt transactions over the weekend. Developers for the project explained via a tweet on X that they were resolving a bug that disabled the network from creating new blocks.
The Zilliqa blockchain network faced back to back systems bugs last week which led to complete halting of block production. The development team has restored the blockchain for validators.
Zilliqa developers have announced a permanent fix for a bug that compelled the blockchain to halt transactions over the weekend.
Zilliqa faced two significant bugs on Sept. 27 and 29, slowing and halting block production
Zilliqa (ZIL) stands out as a pioneering project that introduced sharding technology to the blockchain. Currently priced at approximately $0.015, many investors are eager to know if ZIL will reach $0.02 by the end of 2024 and beyond.
Story Highlights The live price of the Zilliqa crypto token is . ZIL price could claim its potential high of $0.028 in 2024. The Zilliqa price may reach a high of $0.19 by 2030. The crypto-verse has been generous with newer innovations, as marketers' interest in crypto projects is diverse from mainstream projects.
Cardano and Zilliqa work together to forge stronger connections and advance a more unified blockchain future.
Zilliqa Group, the web3 platform behind the Zilliqa (ZIL) blockchain, has partnered with EMURGO, the blockchain company supporting Cardano (ADA) development and adoption. This alliance aims to create a bridge between the ADA and ZIL blockchain ecosystems, leveraging the strengths of both platforms to promote interoperability and innovation.
Zilliqa (ZIL) started the week with a bullish stance after breaking above a descending wedge pattern on Monday. Consequently, the altcoin saw a notable uptrend to trade at $0.01440 during this publication – a nearly 5% jump. ZIL to extend upsurges The altcoin exhibits a bullish outlook after a 3.50% increase over the past day.
ZIL, the utility token of the permissionless blockchain Zilliqa, has seen its price decrease by 37.29% this year. While holders may be hoping for a recovery, analysis suggests that decline may continue for some time.
The battle for the best blockchain for developers and users has been won by the likes of Ethereum, Solana, BNB Chain, Arbitrum, and Base. Many contenders who were hoping to take on Ethereum have faced substantial challenges and evolved into ghost chains.
According to a recent report, the cryptocurrency company Abra has acquired a collection of digital currency trusts from Valkyrie Investments. The transaction, which includes Valkyrie's Tron and Zilliqa trusts, was reportedly concluded before Abra reached a settlement with state regulators.
Abra, the digital assets and wealth management platform, purchased Tron (TRX) and Zilliqa (ZIL) among other private crypto trusts from Valkyrie Investments. Bloomberg reported on Friday that Abra acquired the private trusts just before its settlement with 25 U.S.
TL;DR Zilliqa has released its highly anticipated version 2.0, highlighting improvements in speed and compatibility with other blockchains. The x-shards sharding architecture allows for the creation of customized blockchain experiences for businesses and developers. A new proof-of-stake consensus mechanism has been introduced to enhance network efficiency and security.
Block times can also be adjusted as desired. The root mainnet shard features an average block time of just 2 seconds.
Zilliqa (ZIL) notes sideways momentum that has continued for the past few weeks, which may not be easy to break.
Zilliqa (ZIL) remains under bearish pressure after its price fell sharply amid recent network disruptions. While the ZIL token's current price saw a slight bounce to $0.022, a look at the performance over the past month indicates a downtrend. The slight recovery from the April lows of $0.
Zilliqa developers announced the complete restoration of network functionality after problems with block generation.
Following a series of network disruptions, Zilliqa has restored network functionality and is focused on debugging amid its v9.3.4 network upgrade.
These are the best altcoins to buy and hold for the next 18 months, as they will likely skyrocket by 5x or 10x during that period.
