The white paper and roadmap for Zilliqa 2.0 have been officially released, marking a major step in the network’s evolution towards a blockchain that is fast, efficient, easy to use and adapts to user needs. As a broad evolution of the Zilliqa protocol, Zilliqa 2.0 not only consolidates its technical position in the Web3 field, but also paves the way for future blockchain applications.
Six powerful features of Zilliqa 2.0
Whether you’ve already read the Zilliqa 2.0 white paper in depth or are curious about the important changes coming to the new network, the following six key features will help you fully understand the innovations of Zilliqa 2.0.
X-Shards: Shape the blockchain to your needs: One of the biggest highlights of Zilliqa 2.0 is its revolutionary sharding architecture—X-shards. Sharding technology improves scalability by processing transactions in parallel, and X-shards further extend this approach to provide a more customized and interoperable experience. Developers can flexibly configure X-shards based on application and user needs, such as using stablecoins as native tokens, providing cheaper transaction fees, or using alternative consensus models.
Proof of Stake Consensus: Fast, Low Cost, Energy Saving
Another major change in Zilliqa 2.0 is the move to a Proof-of-Stake (PoS) consensus mechanism, replacing the previous Proof-of-Work (PoW) model. This transformation not only increases the speed and cost-effectiveness of transaction processing, but also significantly reduces energy consumption. Compared to Zilliqa 1.0, Zilliqa 2.0 can achieve 30x faster block times and 10x higher finality, allowing every validator and delegator to receive rewards based on the amount of ZIL staked.
Cross-chain communication: Access to other networks: Interoperability is one of the core functions of Zilliqa 2.0, especially the breakthrough in EVM (Ethereum Virtual Machine) compatibility. This means that ZIL tokens on Zilliqa 2.0 can be freely traded across other networks and EVM applications, unlocking access to the global multi-chain dApp ecosystem. The introduction of the new universal cross-chain proxy makes the deployment of atomic swaps and cross-chain bridges simpler and more efficient.
Smart Account: Make Web3 as easy as Web2
Zilliqa 2.0 was designed with ease of use in mind, and the introduction of smart accounts makes it easier for users and developers to interact on the blockchain. Users can log in using social media credentials without the need for private keys, and can pay gas fees using fungible assets to avoid transfer errors. Smart Accounts ensures backward compatibility with Zilliqa 1.0 by supporting the native account abstraction of the ERC-4337 standard.
Light client: secure, decentralized usage: Zilliqa 2.0 also introduces support for light clients, allowing users to interact securely with the blockchain without storing the entire transaction history. The light client only stores independently verified block header chains, allowing users to directly manage assets or interact with multi-chain applications through lightweight hardware, truly realizing a decentralized network experience.
Tokenomics: a sustainable economic model
Zilliqa 2.0’s token economics have undergone major overhauls designed to provide a sustainable future for the ZIL token. By automatically balancing the amount of ZIL awarded to validators with the amount destroyed during transaction processing, Zilliqa 2.0 strives to reduce inflation and ensure validators receive generous rewards. This sustainable economic model, coupled with gZIL’s utility in network governance, makes Zilliqa 2.0 one of the most attractive staking networks.
in conclusion
The release of Zilliqa 2.0 is not only a major advancement in blockchain technology, but also lays the foundation for the future Web3 ecosystem. By introducing X-shards, proof-of-stake consensus, cross-chain communication, smart accounts, light clients and sustainable token economics, Zilliqa 2.0 is redefining the possibilities of blockchain, allowing both users and developers to An environment to interact in a more efficient, secure and easy-to-use environment.
With the gradual promotion of Zilliqa 2.0, the future of blockchain will be brighter, and we look forward to this innovative platform bringing more opportunities and challenges to users and developers around the world.