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Cardano (ADA) And Zilliqa (ZIL) Reach Major Milestones

Altcoins

Cardano (ADA) And Zilliqa (ZIL) Reach Major Milestones

The Cryptocurrency market is warming up for the second quarter of the year as several blockchains look to ink partnerships and roll out updates before the end of April. There has been a gradual improvement in the value of several coins and this has brought about renewed optimism among crypto enthusiasts.

Zilliqa (ZIL) and Cardano (ADA) remain two of the top Blockchain projects

Two coins that have continued to offer innovative blockchain solutions are Cardano (ADA) and ZIlliqa (ZIL) with both coins within the top 40 coins based on market cap.

Both coins have continued to move towards developing unique solutions for smart contract developments with Zilliqa (ZIL) utilizing its Sharding technology and Cardano  (ADA) using its unique Proof of Stake algorithm known as Ouroboros.

Cardano (ADA) Releases Its Long-Awaited Shelley Upgrade

Cardano’s co-founder Charles Hoskinson tweeted about the completion of the anticipated Shelley update which would improve the blockchain leading closer to full decentralization. The Shelley era as it is known would bring about interoperability within the blockchain network.

Cardano(ADA) would also be able to provide various incentives for users that utilize its Proof of Stake consensus protocol. this would make the blockchain network more attractive to developers who wish to create smart contracts on its platform.

The Shelley update also marks the end of Cardano’s initial roadmap as a new improved roadmap is expected to be rolled out by the blockchain platform before the end of the Q1.

Binance Reveals Support For Zilliqa (ZIL) Token Swap

Top crypto exchange Binance revealed a 24 hours ago that it would be supporting the ZIL mainnet token swap. Zilliqa launched its mainnet four months ago and has made huge strides in its initial period as it looks to move old Erc20 token to its own native ZIL token.

The token swap is expected to begin on the 22nd of April and the trading platform has suspended all deposits and withdrawals of ZIL during that period. Binance also revealed that it would put a public notice to inform users when the native ZIL coin would be opened for withdrawal and deposits.

The token swap is a good development for Zilliqa which would allow the coin to move forward with its proposed projects within its blockchain network.

 

Writer, editor and digital space observer with 5 years experience in the blockchain industry.

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