Zilliqa (ZIL) finds a way to improve smart contracts performance by 2X: Good times ahead!

The Zilliqa mainnet is close go going live and the team is doing everything to ensure that it will be a success. At the moment, they are polishing up on the technical aspects such as ensuring that they have all the necessary SDKs. By doing this, developers using different programming languages ranging from C#, Go to Python will be in a position to launch applications on the Zilliqa blockchain.

This move by the Zilliqa team ahead of the mainnet launch is a good reason to be bullish on Zilliqa (ZIL). That’s because, Dapps will be the key driver to the long-term value of Zilliqa (ZIL). In essence, having the tools to allow developers to create Dapps in multiple languages could see the value of Zilliqa rise significantly in the future. That’s because, with languages like Python and C# which are widely used by developers being incorporated into the Zilliqa blockchain, Dapps numbers could explode.

However, the biggest announcement from the Zilliqa team, is that of enhanced smart contract efficiency.  Zilliqa has announced the following in their blog.

…we found that it was possible in a relatively straightforward manner to improve the execution performance of smart contracts by 2x in certain scenarios. Another example is a recently appeared paper that found a possible attack on the signature scheme that we employ for the consensus protocol. Even though, the chance of success of the attack will be very low in our setting, we nevertheless decided to update our protocol to ensure that any future attack improving upon the current one can be averted.

2x in certain scenarios. Another example is a recently appeared paper that found a possible attack on the signature scheme that we employ for the consensus protocol. Even though, the chance of success of the attack will be very low in our setting, we nevertheless decided to update our protocol to ensure that any future attack improving upon the current one can be averted.

This is a massive reason to be bullish on Zilliqa (ZIL). That’s because, as blockchain technology goes mainstream, and Dapps become the norm, performance will be key. Users want efficiency, and as a result, Dapps developers will go for Dapps platforms that can provide efficiency.  Zilliqa comes across as the perfect blockchain for this role. That’s because, it is one of the most efficient smart contracts platforms in the market.  Not only is it scalable thanks to the implementation of Sharding, they have now found a way to make it two times more efficient.

With such strong technical capabilities, the Zilliqa blockchain stands in a good position to give strong growth this month. As the mainnet launch comes close, it could see the value of Zilliqa (ZIL) rise due to FOMO. This FOMO will be driven by all the positive developments that Zilliqa has announced.  Beyond the mainnet launch, Dapps on the Zilliqa blockchain will drive growth.

With such good prospects, Zilliqa makes for a good investment this year. Can it hit a dollar within the year? Only time will tell. But with its strengthening fundamentals, such a likelihood is possible. There are very few cryptos that have the fundamentals of Zilliqa (ZIL), and it won’t be long before the market rewards investors for their patience and believe in Zilliqa (ZIL).

Nicholas :

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