Zilliqa Announcement

May was full of milestones for Zilliqa, laying the groundwork for the Zilliqa 2.0 whitepaper and roadmap!

"As we celebrate the announcement of Zilliqa 2.0 and work to deliver on the project's roadmap, I extend my heartfelt gratitude to the community's unwavering support, and for their enthusiasm around the revitalisation of the Zilliqa protocol and ecosystem," says Zilliqa CEO Matt Dyer.

"Together, as we build out the intuitive and flexible infrastructure of Zilliqa 2.0, we unlock the ability to shape the future we imagine."

Other highlights include a major partnership between The Winners Circle and star jockey Saffie Osborne, along with the reveal of the Web3War roadmap for 2024 - including a teaser for a browser-friendly racing game from Roll1ng Thund3rz.

Zilliqa expanded its global reach with the listing of ZIL on Bit2Me, and the tech team delivered an upgrade to EVM compatibility while still working on Zilliqa 2.0.

Read the highlights from May:

blog.zilliqa.com/zilliqa-monthly-newsletter-may-2024/

We are thrilled to announce the whitepaper and roadmap for #Zilliqa 2.0!

The new Zilliqa is designed to be faster, more scalable, and even more secure while offering unprecedented customisation and flexibility.

After a significant period of internal development, we are proud to share all the exciting features that will be part of Zilliqa 2.0.

A heartfelt thank you to our incredible community for your unwavering support as we reach this milestone.

Read the whitepaper and roadmap on the Zilliqa 2.0 website: https://roadmap.zilliqa.com

The roadmap outlines the phased rollout and public testing of key features, leading up to the full mainnet migration, which we hope to complete by the end of this year.

Discover more about Zilliqa 2.0 and the powerful features it brings to the world of Web3.
Read the full announcement here:
blog.zilliqa.com/introducing-zilliqa-2-0-shaping-a-decentralised-future/

Who wants it?! 📖

https://x.com/zilliqa/status/1798701286344524195

Zilliqa is now integrated with Fireblocks, opening the door to digital asset heavyweights by enabling enterprise-grade investors to transact and manage ZIL! 💰

This integration marks a key step on our journey to expanding access to Zilliqa's EVM-compatible ecosystem.

Read more:

blog.zilliqa.com/zilliqa-opens-to-institutional-investors-through-integration-with-fireblocks/

The Zilliqa ecosystem saw continued growth and several important moments during April 2024.

We saw a host of updates and announcements from projects building on Zilliqa, and The Winners Circle continued to build its profile and momentum across both the loyalty industry and the sport of horse racing.

The Zilliqa team attended several events, including #ParisBlockchainWeek and #Token2049, and we also engaged the community on staking by outlining how new stakers can benefit by staking ZIL ahead of the shift to Zilliqa 2.0.

"As we have moved into May, we continue to build towards the upcoming overhaul of the network with Zilliqa 2.0 while fostering the lift-off of landmark Web3 projects in our ecosystem," Zilliqa CEO Matt Dyer says.

"As we reflect on the achievements of the past month, I am grateful for the community's continued support and enthusiasm."

Read all the highlights from April 2024 below: blog.zilliqa.com/zilliqa-monthly-newsletter-apr-2024/

The Zilliqa network is back online following temporary disruptions to block production on mainnet. Functionality has now been restored and the network is once again processing transactions normally.

The infrastructure team continues to monitor the stability of the network as it works to diagnose the underlying cause of the recent disruptions. However, we hope the fix we have now deployed averts the risk of further interruptions to mainnet block production going forward.

Thank you for your patience and support during the course of resolving this issue.

Dear community, We are writing to inform you that we are aware of a further disruption to Block production on Mainnet. The issues that caused the previous network outage were not conclusive and, it is apparent that the logs did not provide the necessary insights to properly address the underlying cause.

Following the previous outage and with enhanced debugging now enabled, we are now better positioned to identify and address the underlying problem.

We are currently working to diagnose the root issue and restore full functionality to the network. We appreciate your patience at this time.

Note - Funds are SAFU. If you can't see funds in your wallet, You can always check it on-chain by going to https://viewblock.io/zilliqa, add your Zil address in search box & hit enter.

The Zilliqa mainnet is now back online and full functionality has been restored.

In addition to this fix, we have also rolled out the previously announced Zilliqa v9.3.4 network upgrade, which includes a number of enhancements to EVM compatibility. Node operators should therefore ensure they are using the latest v9.3.4 configuration files to join the upgraded Zilliqa mainnet.

We apologise for any inconvenience caused and we appreciate the patience and support shown by the Zilliqa community.

Zilliqa network update 📢

The Zilliqa infrastructure team continues to work on resolving the ongoing disruption to mainnet block generation.

Preliminary analysis indicates this may be related to an issue within a specific function that returns a null value instead of a node's RLP following a possible invalid database lookup, which results in the function throwing an error.

The team has created internal rehearsal networks to recreate this issue and trial bug fixes, allowing for possible solutions to be tested within an isolated environment before progressing to Testnet and mainnet deployments.

We will provide additional updates and outline further steps for remediation as soon as this information becomes available. We appreciate your patience and support as we actively work to restore network stability.

Zilfam! 📢 Around 03:12 PM UTC, a slowdown in mainnet block generation was detected.

To delve deeper, transaction processing was halted at 04:00 PM UTC, permitting the network to clear the transactions in the mempool and self-recover.

Presently, we await the new epoch to ensure full data synchronization before re-enabling transactions, while monitoring block generation for continued proper functioning.

The team will persist in the investigation to determine the root cause. As always we appreciate your continued support & patience.

Update - We will provide further updates as more information becomes available.

The Zilliqa infrastructure team has been diligently working to enhance EVM compatibility based on the invaluable feedback from our developer community.

Zilliqa v9.3.4 is currently set to roll out on Monday, May 20th and will bring major improvements to the EVM developer experience through new features and fixes for outstanding issues.

Read the Zilliqa blog to learn more about the EVM enhancements in the upcoming network upgrade: blog.zilliqa.com/evm-compatibility-improvements-coming-in-zilliqa-v9-3-4/

ZIL, the native token of the Zilliqa blockchain, is now officially listed on Bit2Me, one of the leading centralised exchanges in Europe and Latin America.

Users can now buy ZIL through Bit2Me's exchange and wallet, or even use the Bit2Me Mastercard to spend ZIL for real-world purchases.

“Together with Bit2Me's robust regulatory compliance and broad user base, the listing of ZIL brings tangible benefits to both seasoned traders and newcomers alike," says Zilliqa CEO Matt Dyer.

"Spain and Latin America have become hotbeds of growth within the Zilliqa ecosystem, and through this listing we are delighted to be delivering better access for our community in these regions.”

Learn more on the Zilliqa blog: blog.zilliqa.com/zilliqa-expands-presence-in-europe-with-listing-on-bit2me-exchange/

Attention Zilfam!

As a result of unexpected behaviour in Zilliqa's rewards distribution mechanics, the ongoing adjustment to staking rewards has not been reducing inflation by the amount we had predicted.

We have implemented a workaround to correct this issue, which involves setting the staking reward parameter in the contract to the pre-adjustment rate and then manually remitting the difference between the advertised and collected rewards back to the null address.

This will have the effect of reducing inflation as intended while ensuring the rewards received by stakers continue to follow the previously forecasted trend in line with the monthly adjustments.

This change will be implemented with the next planned adjustment to staking rewards, scheduled for May 2, 2024.

Attention Zilfam! Want to see Zil listed on Swissborg?

Swissborg offers an easy and powerful way to buy and sell crypto using a range of fiat currencies, as well as the ability to earn passive yields on multiple tokens within a single app.

Let's show the strength of the Zilliqa community and open up new opportunities for expanding our ecosystem!

Vote for ZIL to be listed on SwissBorg here - Simply register with an email address to vote: https://swissborg.nolt.io/635

March was a great month for the Zilliqa network and ecosystem, from major announcements that expand DeFi opportunities to increasing buzz around The Winners Circle.

The technical team was also hard at work last month, working with the relevant teams to restore functionality to ZilBridge and delivering better tools for developers.

"I am inspired to see the growing momentum and enthusiasm within the Zilliqa community as these new projects roll out within the ecosystem," says Zilliqa CEO Matt Dyer. "March was just the beginning of what promises to be a productive journey ahead. Keep a close eye on our progress, as we continue to push the boundaries of innovation and pave the way for a more decentralised and interconnected future."

Read the full highlights from the Zilliqa ecosystem for March 2024: https://blog.zilliqa.com/zilliqa-monthly-newsletter-mar-2024/

The Zilliqa team is gearing up to attend #TOKEN2049 this week!

Matt Dyer, Anton Agafonov, and Bradley Laws will be among our team on the ground in Dubai to meet with old friends and explore new opportunities and partnerships.

If you're at the event, reach out to the team to learn more about the exciting things we are building and the upcoming Zilliqa 2.0 overhaul!

As the Zilliqa network approaches a more sustainable tokenomics model with reduced inflation, the estimated return for stakers remains attractive, especially compared with other major blockchains.

With attractive rewards, reducing inflation and an upcoming shift to Proof-of-Stake, there has never been a better time to play a crucial role in securing the Zilliqa network.

Read more about how token holders can earn rewards by staking on the Zilliqa network:

https://blog.zilliqa.com/stake-zil-to-earn-rewards-from-a-sustainable-token-economy

We are excited to share that our Head of Business Development for Sports and Gaming, Tom Fleetham, along with our Head of Investor Relations, Bradley Laws, are heading to Paris Blockchain Week!

Curious about the exciting projects coming to the Zilliqa blockchain? Interested in new Web3 use cases in the realms of sports, entertainment, and beyond?

Tom and Bradley will be available throughout #ParisBlockchainWeek to connect, discuss, and share insights about the transformative potential of Zilliqa's technology.

If you're attending the event, don't miss your chance to connect with them over the week ahead and learn more about the exciting ventures being built in the Zilliqa ecosystem!

Following a period of extended downtime, full functionality has now been restored to ZilBridge.

The Zilliqa team has published a root cause analysis of this disruption, explaining the nature of the issue and how it was resolved.

Read more on the Zilliqa blog: http://blog.zilliqa.com/zilbridge-back-online-following-extended-downtime/

📢 ZilBridge is back online!

Full functionality has been restored to the ZilBridge platform, with all transactions now synchronised and users once again able to bridge tokens at https://zilswap.io/bridge.

We understand that the extended disruption to ZilBridge has been a frustrating experience, and we appreciate the patience shown by the community as we worked with Switcheo Labs and Poly Network to bring the platform back online.

We will shortly publish a root cause analysis that will provide a detailed breakdown of this issue and how it was resolved.