Zilliqa Network Prepares for Mainnet Upgrade
The Zilliqa network is preparing for the implementation of a major upgrade to its mainnet through v9.2, set to take place on July 5th at 08:00 UTC. This upgrade will bring about various enhancements and new features aimed at improving performance and reinforcing cross-chain capabilities. One notable improvement is the enhanced interoperability between the Ethereum Virtual Machine (EVM) and Scilla. This development will simplify the process of creating, testing and launching fungible tokens using ERC-20 and ZRC-2 smart contracts. It represents a significant milestone in enabling smooth cross-chain interactions.
What is a hardfork?
The cryptocurrency mainnet operates according to certain rules. To improve network performance or correct errors, changes are periodically introduced into it. A hard fork represents changes that are not compatible with previous versions of software supporting the cryptocurrency network. In order to continue to mine the cryptocurrency, miners need to update the software.
In some cases, as a result of a hard fork, a completely new cryptocurrency may appear, as happened with Bitcoin Cash and EthereumPoW.