Despite the overbearing depression, Zilliqa has continued with business as usual as it moves to become one of the biggest cryptocurrencies. In line with this, Zilliqa has announced a Testnet launch and a schedule for its much-anticipated Mainnet migration.
Dates for Mainnet and TestNet Launch
At last, the core team of the Zilliqa project announces a date for the Mainnet launch. The date was announced by the Zilliqa team in an Ask Me Anything (AMA) session conducted on Reddit and Telegram.
The Mainnet launch which was initially scheduled for the last quarter of this year has now been scheduled for January 31st, 2019. Zilliqa postponed the migration to its Mainnet because it sensed the need for more time to create a more secure and reliable product.
The Zilliqa team also revealed that before the Mainnet is release there would be a third version of the Testnet. According to the Zilliqa team, the testnet V.3 will be released at the end of November, however, there was no particular date stated.
Mining guidelines for the upcoming mainnet will be released during the launch of the third Testnet. The Zilliqa team also announced that the Testnet v3 will enable public mining of testnet ZIL. This feature will allow Zilliqa miners to start testing their systems for compatibility while the Mainnet launch approaches.
Zilliqa has Undergone Safety and Security Audits
In the same AMA session, the Zilliqa team revealed that its blockchain has undergone audits for safety and security. According to the team, these audits were carried out by three independent companies, and that the findings from the audit were not critical.
Token Swap Window
In Zilliqa’s updated roadmap, there is now a scheduled period for its token swap. According to the roadmap, token swap from the ERC20 tokens to the mainnet ZIL tokens will start from the end of Q1, 2019.
The token swap should continue till Q2 of 2019. The time frame for the token swap (which should be several months) should allow enough time for holders of ZIL tokens swap their tokens for the new mainnet tokens.
Zilliqa (ZIL) is Pumping
The market is responding positively to the news of Zilliqa’s TestNet and Mainnet launch. ZIL is currently leading the market recovery, gaining 31.34 percent over the last 24 hours. The hike now gives ZIL a value of $0.018744.
Daily trade volume of Zilliqa is also at a four-month high (approximately $35.2 million has been traded over the last 24 hours. Zilliqa now has a market capitalization of $146.4 million which makes it the 36th most valuable cryptocurrency.
What Are the Future Plans for the Zilliqa (ZIL) Project?
Zilliqa has announced that its main objective is to become one of the leading blockchain platforms in the next year. Beyond that, the focus of the project is to continue to drive forward blockchain technology and bring to life the latest scientific research in a manner that is useful and relevant.
The project has reassured its users that it will remain committed to enabling businesses – profitable or otherwise – that can benefit from the more frictionless flow of information, data, and resources.