The developers of the blockchain project Zilliqa announced the launch of non-custodial staking on the mainnet. In the first hours of operation, users staked 1 billion ZIL tokens.
1,000,000,000 $ZIL staked in only a few hours time. And we are just getting started.
— MS pic.twitter.com/cDl8D76I0U
— Zilliqa (@zilliqa) October 14, 2020
The solution allows ZIL holders to stake their assets without an intermediary. Staking is possible via the Zillion platform or through one of the wallets from third‑party developers.
The Zilliqa team also introduced a new governance token ZILs (gZIL), issued for every 1,000 ZIL. Its issuance is capped at 722,700 gZIL.
According to the developers, the smart contracts have been audited by PwC and underwent open beta testing. Zilliqa expects staking to increase node decentralisation and attract new participants.
The project’s mainnet, with sharding support, began operations in late January 2019. During testing it reached a throughput of 2,828 TPS.
Earlier, on October 5, the Switcheo team launched the decentralised exchange Zilswap with automated market-maker technology on the Zilliqa blockchain.
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