$ZIL A MASSIVE CHANGE OF DIRECTION!
Zilliqa has officially announced a shift from an independent Layer 1 blockchain to Zilliqa Institutional Layer, an Ethereum Layer 2 focused on regulated financial institutions.
The reasons are serious: after 9 years, adoption, funding, and liquidity have fallen short of expectations. The cost of maintaining its own network has also become increasingly burdensome, especially following several security incidents.
What does this mean for ZIL holders?
- The ZIL token will be retained.
- Holders don't need to take any action for now.
- Technical details and the possibility of a migration will be announced officially.
In my view, this could mark a new chapter for Zilliqa, but it doesn't necessarily mean ZIL's price will automatically turn bullish.
The main focus now is how ZIL utility, staking, and tokenomics will work in the new Ethereum L2 ecosystem.
A major change is underway. Now we wait to see whether its execution can deliver results.
Zilliqa has officially announced a shift from an independent Layer 1 blockchain to Zilliqa Institutional Layer, an Ethereum Layer 2 focused on regulated financial institutions.
The reasons are serious: after 9 years, adoption, funding, and liquidity have fallen short of expectations. The cost of maintaining its own network has also become increasingly burdensome, especially following several security incidents.
What does this mean for ZIL holders?
- The ZIL token will be retained.
- Holders don't need to take any action for now.
- Technical details and the possibility of a migration will be announced officially.
In my view, this could mark a new chapter for Zilliqa, but it doesn't necessarily mean ZIL's price will automatically turn bullish.
The main focus now is how ZIL utility, staking, and tokenomics will work in the new Ethereum L2 ecosystem.
A major change is underway. Now we wait to see whether its execution can deliver results.