Zilliqa will launch their mainnet on January 31st, the team announces significant upgrades to the network.
With the approaching launch date of their mainnet, the Zilliqa (ZIL) team shares the last update on the project.
Dubbed themselves as the scalable and secure blockchain platform for hosting decentralized applications, the team has been working hard to ensure the security of their network.
Among the efforts is by hiring several auditors, such as Beijing Zhenyuan Cybersecurity Co. Ltd, Cure53, Kudelski group, and NCC Group to perform several rounds of security audits.
The step is done in addition to the existing bug bounty program that started November last year, prior to its publication on the Bugcrowd platform on February.
Aside from the above activities, the team has been working on the refinement of Zilliqa’s reward mechanism in order to incentivize new nodes to join the network, taking into accounts the feedback they received from the miners.
Another upgrade worth mentioning is, in order to be able to mitigate attacks when hash power is low, the team tries to bootstrap the soon-to-be-launched mainnet, which includes giving reward to miners without any transactions being processed.
This bootstrapping method will allow time for the mainnet to achieve enough hashing power and/or number of blocks, as reported by Invest in Blockchain.
Moreover, following the mainnet successful launch on January 31st, the first quarter of 2019 will be the timeframe for swapping the ERC-20 Zilliqa tokens to Zilliqa mainnet tokens.
Lastly, the team gives a heads up to the Zilliqa community as prior to major occurrence such as the mainnet launch, high volatility to Zilliqa’s price will likely to happen.