Sunday, December 22, 2024

Zilliqa Unveils Aventurine Proto-Mainnet, Paving the Way for Zilliqa 2.0

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KEY TAKEAWAYS

  • The Aventurine proto-mainnet launch is a crucial step towards Zilliqa 2.0, introducing significant updates and interoperability with Ethereum’s EVM.
  • Key tokens like $FPS, $XCAD, and $XSGD are now EVM-compatible, expanding their use cases and accessibility.
  • Aventurine prepares for cross-chain token transfers with Binance Smart Chain and introduces delegated staking contracts for enhanced network security.
  • Developers can test node configurations and staking functionalities on Aventurine, with backward compatibility for Zilliqa 1.0 APIs.

The launch of the Aventurine proto-mainnet marks a pivotal step toward the arrival of Zilliqa 2.0, bringing transformative updates that lay the groundwork for a next-generation blockchain. This release introduces significant features and enhancements that streamline the transition to Zilliqa 2.0, while offering a glimpse of the powerful capabilities the full mainnet upgrade will deliver.

Key Changes Introduced in Aventurine

The Aventurine release is the final milestone before the mainnet release of Zilliqa 2.0, delivering several important improvements in this early version of the Zilliqa 2.0 network. The Aventurine release for Zilliqa 2.0 comprises two test networks, a proto-testnet and a proto-mainnet. The proto-testnet is a new testnet version of the Zilliqa 2.0 network that imports the history of transactions from the Zilliqa 1.0 testnet.

The proto-mainnet is a test network that imports the transaction history of the current Zilliqa mainnet, allowing builders to test existing dApps and tokens now running on the improved Zilliqa 2.0 protocol. One of the most impactful changes introduced in Aventurine is interoperability between Zilliqa’s Scilla smart contract language and the Ethereum Virtual Machine (EVM). This compatibility allows ZRC-2 tokens issued on Zilliqa to function seamlessly as EVM-compatible ERC-20 tokens.

Notable tokens such as $FPS, $XCAD, $XSGD, $HRSE, and $SEED are now integrated into the proto-mainnet, significantly expanding their potential use cases and accessibility. Additionally, Aventurine lays the groundwork for a bridge to Binance Smart Chain (BSC), ensuring a future of seamless cross-chain token transfers.

Delegated staking contracts have also been introduced, offering validators the opportunity to test staking functionalities, including support for liquid staking. This prepares the network for a new, user-friendly staking portal that will accompany the mainnet launch of Zilliqa 2.0. The portal will simplify the process of staking for users and further incentivize network security through attractive reward mechanisms.

Building and Staking on Aventurine

The release of Aventurine signals an important opportunity for validators to join the network and test their node configurations before the mainnet launch of Zilliqa 2.0. Once mainnet Zilliqa 2.0 is live, validators will be able to stake $ZIL and earn rewards for helping to secure the network.

Several validators joined the previous Jasper proto-testnet phase, and more are expected to join the Aventurine proto-mainnet to prepare for the significant staking incentives offered by the upcoming mainnet launch.

Developers exploring Aventurine should take note of API backward compatibility and historical querying features. All Zilliqa 1.0 APIs have been implemented for backward compatibility, but some return values are placeholders, as Zilliqa 2.0 does not support all Zilliqa 1.0-specific features. The entire Zilliqa 1.0 block history can be queried, although transactions are not re-executed to generate historical logs or traces.

The Aventurine release of Zilliqa 2.0 also introduces reference implementations of staking and delegation contracts written in Solidity. On the Zilliqa 2.0 network, staking is decentralized and integral to the security of the network. Upon the migration to the Zilliqa 2.0 mainnet, delegators will need to manually migrate their staked ZIL to these new staking contracts.

A dedicated staking portal managed by the Zilliqa core team will be deployed first on Aventurine and later the Zilliqa 2.0 mainnet to simulate and then facilitate the seamless migration of staked ZIL to the new staking and delegation contracts.

For more details on the Aventurine release, visit the official Zilliqa blog.


Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
Shree Narayan Jha
Shree Narayan Jha
Shree Narayan Jha is a tech professional with extensive experience in blockchain technology. As a writer for CoinsHolder.com, Shree simplifies complex blockchain concepts, providing readers with clear and insightful content on the latest trends and developments in the industry.

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