Zilliqa to Undergo Hard Fork on November 17th

Zilliqa is preparing for a major mainnet upgrade to version 0.19.0, which will take place at block 13514400, approximately on November 17, at 07:18 UTC.

The upcoming hardfork introduces two key improvements:

– A 7-day stake unbonding period, offering greater flexibility for stakers.

– Jailing of faulty proposers, aimed at improving overall network stability and uptime.

Validators are required to update their nodes before the hardfork to ensure proper network synchronization.

ZIL Info

Zilliqa (ZIL) is a public, permissionless blockchain designed to offer high throughput and secure smart contract execution. Launched in 2017, it was the first blockchain to implement sharding, a technology that allows new blocks to be confirmed in parallel, which significantly increases the number of transactions the network can handle per second. The native cryptocurrency of Zilliqa, also called ZIL, is used for transaction fees and as the 'gas' for executing smart contracts. The project's main aim is to enable new solutions to the scalability problem of existing blockchains, thereby allowing for blockchain technology to be effectively utilized in sectors demanding high-speed transactions, such as digital advertising, gaming, and financial services.