Zilliqa unveils version 2.0 upgrade

Zilliqa (CRYPTO:ZIL) has unveiled its eagerly awaited version 2.0 upgrade, set to launch on the mainnet later in 2024.

This upgrade introduces x-shards, enhancing the platform's speed, efficiency, and scalability.

With features like a new proof-of-stake consensus mechanism and an average block time of just two seconds, Zilliqa aims to offer ultra-fast finality and increased security while becoming more environmentally friendly.

Additionally, the upgrade includes cross-chain compatibility, enabling seamless interaction with other Ethereum Virtual Machine (EVM)-compatible blockchains.

Zilliqa's move towards EVM-compatibility and improved tokenomics signals a significant step forward for the network amid previous operational disruptions.