#Zilliqa Announces EVM Compatibility with Deployment on Main Network

On April 25th, according to the official blog, Layer1 blockchain Zilliqa announced specific arrangements and future deployments for launching EVM on the main network. EVM compatibility will be deployed on Zilliqa’s main network as part of the update to v9.0.0 version at 16:00 Beijing time on April 25th. The network downtime will start at 16:00 on April 25th and last for up to 24 hours to facilitate the network upgrade process. During this period, the network will not process any transactions. It is recommended to suspend the main network charging and withdrawal services during the network upgrade period. After the upgrade process is completed, the network will resume normal transaction processing.

Zilliqa will launch an upgrade to deploy EVM compatibility on the main network today, and the network will be suspended for 24 hours during the upgrade period

Zilliqa blockchain has announced its plans to launch Ethereum Virtual Machine (EVM) on its main network. The announcement was made on April 25th via the official blog of Layer1, a blockchain platform that actively contributes to the development of Zilliqa. This article will discuss the details of Zilliqa’s EVM compatibility deployment on its main network, timeline, and the advantages it holds.

Outline:

– Introduction
– Background Information
– What is EVM compatibility and why is it important?
– Zilliqa’s EVM Compatibility Deployment on Main Network
– Timeline of Deployment
– Advantages of EVM Compatibility on Zilliqa Network
– Limitations and Risks
– Conclusion
– FAQs

Background Information

Zilliqa is a high-performance blockchain that is designed to solve the scalability limitations that affect other blockchain networks. The network uses the sharding mechanism to linearly scale in transaction processing performance with the increase in the size of the network. Zilliqa can currently process thousands of transactions per second compared to Ethereum that can only process 15 transactions per second.
Zilliqa is a smart contracts platform that incorporates different programming languages such as Java and Python. The platform allows developers to create and deploy decentralized applications (DApps) on its network. The platform’s objective is to power decentralized and high-performance applications.

What is EVM compatibility and why is it important?

Ethereum Virtual Machine (EVM) compatibility is a feature that allows developers to deploy smart contracts on Zilliqa’s network that are compatible with the Ethereum blockchain network. It allows developers to use the same development tools that they use on the Ethereum network such as the Solidity programming language, and the Truffle development framework.
Zilliqa’s EVM compatibility is important because developers can easily migrate their existing decentralized applications (DApps) from the Ethereum network to Zilliqa’s network. EVM compatibility also expands the potential of the Zilliqa network and opens up new possibilities for DApp development.

Zilliqa’s EVM Compatibility Deployment on Main Network

Zilliqa’s EVM compatibility deployment will be part of the update to the v9.0.0 version of the network. The deployment is scheduled to take place on April 25th, at 16:00 Beijing time. The network downtime will last for up to 24 hours to facilitate the upgrade process. During the upgrade process, the network will not process any transactions. It is recommended to suspend the main network charging and withdrawal services during the network upgrade period.
After completion of the upgrade process, the network will resume normal transaction processing. The EVM compatibility deployment will allow developers to create and deploy smart contracts that are compatible with the Ethereum network.

Timeline of Deployment

– April 25th, 2021: Zilliqa’s EVM compatibility deployment will be part of the update to the v9.0.0 version at 16:00 Beijing time.
– April 25th, 2021: Network downtime will start at 16:00 on April 25th and last for up to 24 hours to facilitate the network upgrade process.

Advantages of EVM Compatibility on Zilliqa Network

The EVM compatibility feature on Zilliqa’s network brings several advantages that include:
– Compatibility with Ethereum ecosystem: Developers can build decentralized applications and services that are accessible to Ethereum users.
– Intuitive development environment: Developers can easily find existing documentation and libraries to develop DApps on Zilliqa’s network, thereby reducing development costs.
– High scalability: Zilliqa’s network provides a high-performance infrastructure to deploy DApps that can handle a large volume of transactions simultaneously.
– Faster transaction execution: Developers can take advantage of Zilliqa’s sharding technology to execute transactions and run smart contracts faster.

Limitations and Risks

Despite its benefits, EVM compatibility on Zilliqa’s network carries some limitations and risks that include:
– Increased competition: Zilliqa’s increased compatibility with Ethereum means that both networks will compete for developers and users creating competition for resources.
– Security risks: The integration of EVM on Zilliqa’s network could create security vulnerabilities that may expose the network to security hacks and breaches.

Conclusion

Zilliqa’s decision to integrate EVM compatibility with its platform is a significant development in creating a more connected and open blockchain ecosystem. The integration of EVM will enable developers to create DApps that can operate on both the Ethereum and Zilliqa networks, which increases the interoperability of the two ecosystems.

FAQs

Q. What is Zilliqa’s EVM compatibility deployment?
A. It is the integration of Ethereum Virtual Machine (EVM) on Zilliqa’s network.
Q. When will Zilliqa’s EVM compatibility deployment take place?
A. The EVM compatibility deployment will be part of the update to the v9.0.0 version on April 25th, 2021 at 16:00 Beijing time.
Q. What are the advantages of EVM compatibility on Zilliqa’s network?
A. Some advantages include compatibility with Ethereum ecosystem, intuitive development environment, high scalability, and faster transaction execution.