Zilliqa (ZIL) have successfully launched full smart contract functionality today as the cryptocurrency takes the next step towards becoming a major player in the blockchain industry.
The highly anticipated update would allow developers to create and deploy smart contracts on the Zilliqa network using the novel smart contract language Scilla.
Zilliqa has been making several updates to its blockchain network since the launch of its mainnet in January. The smart contract based blockchain has the ambition of becoming the major platform for creating safe smart contracts for entrepreneurs and businesses.
One area where Zilliqa has a clear advantage over competing for smart contract blockchain platforms is in its utilisation of Sharding technology. The use of Sharding nodes allows the blockchain to achieve its goal of faster smart contract protocols while still able to achieve scalability during transactions.
Zilliqa (ZIL) highlighted some of the advantages that this new technical smart contract functionality launch brings to its platform.
The Launch of the full Smart Contract Functionality Unleashes the Full Potential of Scilla Language Protocol
The launch of the full smart contract functionality would see the crypto platform maximise the potential of the Scilla language.
Scilla was designed to bring about an equilibrium between flexibility and technicality during the creation of a smart contract thereby resulting in smart contracts that are fully optimized to provide solutions to real-time problems.
Scilla also comes with a full suite of static analyzers which are helpful to the developer as it checks for potential issues and bugs within the smart contract. This feature helps to prevent errors as it lets the developers detect these issues before the contract goes live
Scilla is also equipped with safe standard libraries which performs arithmetic operations in a secure manner eliminating the need to consult other external libraries. This makes it one of its kind within the blockchain sector.
Lastly, the Scilla was designed in a way that it allows for a clean separation between different components of a contract. Features such as computation and communications with other contracts are handled separately and in an efficient manner which helps to mitigate against hacks and bugs.
Zilliqa (ZIL) Takes A Step Ahead of Its Competitors Within the Smart Contract Sector
These developments above has positioned Zilliqa in the right position to capitalise on the growing demand for smart contracts.
Since smart contracts have widespread applications in different sectors such as finance, services, advertisement, entertainment and gaming, the coin is well positioned to become the leading player in this sector.
With this successful launch, Zilliqa has proven again that it is a blockchain platform that is dedicated to following its roadmap with timely updates to its mainnet network.
If there is one thing that we have seen in the crypto space, is that many projects claim to have decent whitepapers but find it difficult to translate it into workable solutions.
Zilliqa (ZIL) Looks Well Placed Ahead Of Its 2nd Year Anniversary Of Launch
Zilliqa (ZIL) has begun the new week the right way and although the market is currently bearish, the coin could leverage this new development which would be sure to attract partnerships from businesses and top institutions wanting to build smart contracts on its blockchain network.
It remains to be seen how this would affect the coin in the short-run but one thing is certain Zilliqa is on the right path to success as it approaches its 2nd year anniversary on the 18th of June.