Zilliqa to Move ZilBridge to X-Bridge on December 23rd

Zilliqa Network has announced the migration of its ZilBridge solution to the new X-Bridge platform, scheduled for December 23rd. This transition follows the shutdown of Poly Network and aims to facilitate seamless token bridging between Zilliqa and EVM-compatible networks. X-Bridge will serve as the new backbone for token bridging, ensuring users can continue transferring assets effectively.

ZIL Info

Zilliqa (ZIL) is a public, permissionless blockchain designed to offer high throughput and secure smart contract execution. Launched in 2017, it was the first blockchain to implement sharding, a technology that allows new blocks to be confirmed in parallel, which significantly increases the number of transactions the network can handle per second. The native cryptocurrency of Zilliqa, also called ZIL, is used for transaction fees and as the 'gas' for executing smart contracts. The project's main aim is to enable new solutions to the scalability problem of existing blockchains, thereby allowing for blockchain technology to be effectively utilized in sectors demanding high-speed transactions, such as digital advertising, gaming, and financial services.