ZILLIQA vs Ethereum 2.0?
ZILLIQA does what is called network or transaction sharding. Imagine a sample network of 1,000 nodes. ZILLIQA will automatically divide the network into 10 shards each with 100 nodes. Each shard can now process transactions in parallel. If each shard is capable of processing 100 transactions per second, then all shards together can process 1000 transactions per second. The ability to process trans- actions in parallel due to the sharded architecture ensures that the throughput in ZILLIQA increases (roughly) linearly with the size of the network.
Ethereum is currently researching on what is called state sharding, i.e., how to divide the blockchain state so that storage does not become an issue in the long run. ZILLIQA is not doing state sharding in its current immediate plan. Running smart contracts on a sharded network without state sharding is already a big challenge. Having said that, state sharding is in our future plans.
Ethereum 2.0 is a research project and several details are not yet figured out. Phase 1 of Ethereum 2.0 (a work in progress) is a loosely coupled sidechain-like solution attached to the main Ethereum chain via a validator manager contract (VMC). VMC sits on the main Ethereum chain and maintains the sharding system. In other words, it is responsible for key tasks such as adding a new validator, assigning a new validator for a shard, etc.
Phase 1 of Ethereum 2.0 is a simple solution that does not solve all sharding-related issues. We expect the Phase 1 solution to have the following issues:
1. Single point of failure: It appears that VMC may become a bottleneck and a single point of failure as key steps of the protocol need to pass through VMC. Any bug with VMC can bring the entire system down. ZILLIQA does not have any central entity or contract on which the entire system relies.
2. Finality: Each shard will use a PoS-based consensus protocol with the longest-chain-rule as the fork resolution mechanism. As a result, Ethereum 2.0 (Phase 1) does not provide finality to the system state. ZILLIQA on the other hand will provide finality to the state through its pBFT protocol.
3. Throughput: It is claimed that Phase 1 will increase the throughput by around 100x. ZILLIQA’s throughput with a modest network size of 3600 nodes reported a throughput of 250x the throughput of Ethereum 1.0.
4. Cross-shard communication: It appears that Phase 1 of the sharding proposal will not allow cross-shard communication (or it is minimal). This means that a smart contract residing in one shard and that needs to call another smart contract residing in other shard may not run. In fact, cross-shard communication is one of the biggest challenges when one needs to run a Turing-complete language on a sharded architecture.
The project does have plans to use a UTXO-type model (through receipts) to handle cross-shard communications but that does not seem to be within the scope of Phase 1 of Ethereum 2.0.
Ethereum e la ani lumina de Zil si orice alt proiect cu blockchain propriu. Ei deocamdata insista si testeaza niste idei. In spate la Ethereum e o echipa de mici genii care au revolutionalizat blockchainul. Si au aproape 2 ani avans. Care in crypto inseamna f mult
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Trebuie sa intelegi ca paritatea monedelor e in bitcoin (procentul cel mai mare). E normal ca atunci cand scade bitcoin sa scada 90% din piata. Nici macar ethereum nu a reusit sa ajunga sa fie complet independent de bitcoin
The launch of both coin’s native Main Nets is already announced and in place. But some crypto enthusiasts (especially Ethereum enthusiasts) are not very optimistic about this, and they predict this will bring those other altcoins down...
Title: One game, two Blockchains: Ethereum-based monsters will have a new home on Zilliqa
Description: Ethereum based game “Etheremon” will have a new home on the soon-to-be-launched Zilliqa Blockchain. According to the company’s announcement from earlier this month, a lot of the gameplay will be moved to the Zilliqa protocol. The Pokemon-based decentralized game is the second most popular game on the Ethereum Blockchain after CryptoKitties. This week has been quite hard for <strong><span style="color: #3366ff"><a style="color: #3366ff" href="https://bcfocus.com/news/recent-transaction-spam-on-the-ethereum-network-cost-up-to-15-million-vitalik-buterin/18560/">Ethereum</a></span></strong>, the co-creator of the Blockchain even acknowledged the problem. Vitalik Buterin tweeted about the recent transaction spam on the ETH Blockchain estimating it to be around $15 million. The increasing gas costs and scalability issues add to the Blockchain’s problems.
<h3>See Also: <span style="color: #3366ff"><a style="color: #3366ff" href="https://bcfocus.com/news/ethereum-might-drive-widespread-blockchain-adoption-like-the-internet-fintech-ceo/18707/">Ethereum might drive widespread blockchain adoption like the Internet: Fintech CEO</a></span></h3>
Talking about his experience playing the game, Coindesk author, David Floyd said he ran out of Ether. Apparently, he ran out of crypto even before his fire-themed monster called Kyari could reach level 4. The Etheremon game has an interesting gameplay as you move forward. This includes battling other monsters, evolving" your ‘mon’ into more powerful forms, laying eggs or making trades. But the user has to pay for every action in the game. Users will have to pay the equivalent of one or two dollars for "catching" the mon, or "training" it in the gym. And each upgrade to the Ethereum smart contracts makes this more expensive as gas costs increases. Additionally, the transaction completion times are also longer. These issues along with poor user experience have stunted the adoption of this game. Nedrick Ngo, the co-founder and business development director of Etheremon told Coindesk that, <em>"It became super, super expensive, and we saw our daily active user drop a lot."</em> This led to the team moving the "battles" off the Ethereum chain and onto centralized servers. Users pit their mons against others' in these “battles,” in return they get experience points and bragging rights. But, re-centralizing a decentralized game, even partially, seems like it's missing the point. And this led to the decision to move part of the gameplay to the Zilliqa Blockchain.
<h3>See Also: <span style="color: #3366ff"><a style="color: #3366ff" href="https://bcfocus.com/news/ethereum-upgrades-drop-parity-wallet/18786/">Ethereum client upgrades to drop its “Parity wallet”</a></span></h3>
But the game’s assets won’t be moved and will remain on the ETH Blockchain. This will include tokenized "mons" which encode data such as level, experience points and evolutionary form. These are data that the users would’ve earned through many slow and expensive actions on the game. Thus, Etheremon will become the first game to be on two different Blockchains. Meaning, a quicker, more scalable chain on top which ensures that users can play more quickly and inexpensive as well. Additionally, it’ll have a more secure chain below which reassures users about the safety of their hard-earned assets. According to Ngo, "Zilliqa would work as a side-chain for us." While the two Blockchain companies haven’t yet figured out how to juggle two chains, Ngo is optimistic. He told Coindesk that this is "just the first stage of the collaboration." Image via Etheremon Join our <a href="https://web.telegram.org/#/[email protected]">telegram</a> group
Original Article: https://bcfocus.com/news/one-game-two-blockchains-ethereum-based-monsters-will-have-a-new-home-on-zilliqa/18800/
Dear all,We are excited to share that public mining on Testnet v3 is now available. We invite miners to test Zilliqa’s different take on mining. Through your help in testing and debugging, we will be able to make key improvements in stability and security for our upcoming mainnet.The key features of mining on Zilliqa include significantly reduced electricity cost as PoW is only needed for 5 mins every ~1.2h, the ability to dual-mine with Ethereum or Bitcoin, and more distributed mining rewards. Detailed documentation is now available, and we will be available for support and debugging through our Telegram and Gitter channels.We also thank our community developers for developing block explorers and web wallets that help make mining easier. We are now sourcing for a mining OS through our ecosystem grant program – if you are interested, please reach out to us!As always, please let us know if you have any questions or suggestions.https://blog.zilliqa.com/public-mining-on-zilliqa-testnet-v3-is-now-available-868586f1a8bf
Dear all,Thank you for being candid with us and sharing your concerns. I know I don’t respond frequently here, but I check the chat messages every now and then every day between my meetings.I really appreciate the care and support of the community, and will reflect on how we can do a better job of communicating our technical progress in a way that is easier for everyone to follow, in addition to our bi-weekly updates.On the topic of mainnet launch: yes, we are on track and the team are committed to launching by Jan 31, 2019. We were originally planning on sharing more details during our AMA, but decided to answer the question of mainnet ahead of time given the concerns from this community.It has taken us a while to give you a more concrete answer on the exact dates because we want to be fully transparent with you on where exactly our progress has been, and how we realistically expect to launch the mainnet. It’s going to be a large-scale distributed network, so it’s something really complicated with many moving parts. As scientists and engineers, we always aspire to implement as many new features as we can, and test and calibrate as thoroughly as possible. We have wanted to ensure that we were not making any major trade-offs in stability and security in order to deliver on this timeline.After long discussions with our technical team, we have put together a progress update that should give you a better sense of our progress and upcoming roadmap.You will find that we plan to launch the mainnet in a bootstrap phase, where miners get mining rewards but transactions will not be processed. As discussed in this community a few weeks back, we need to ensure that our network is protected against attacks at the beginning when the hash power is relatively low. This bootstrap phase will automatically end when a set level of hashing power we deem sufficient and/or a set # of blocks is achieved. The exact values for these parameters are still being finalised and will be included in the code used for mainnet launch.Token swap will also happen from late Q1 next year, and we will open our token swap window for several months to allow enough time for the swap. We have been deliberating whether or not to enable the swap before the mainnet, but have decided that we needed to ensure sufficient network stability and security before starting token swap.As a team aggressively trying to achieve a level of engineering sophistication way beyond Nakamoto-based protocols, such as Bitcoin and Ethereum, there will continue to be many moving parts and risks that we have to manage along the way. But it is our ambition to get the Zilliqa live, no matter how tough it can be.As for further questions regarding marketing, business development, etc., we will address them as planned during our AMA next week.-Xinshu
Hello everyone! You may have read that Binance is one of the exchanges supporting our token swap. We are very glad to confirm this. I know many of you have had questions about this process, and we have tried to provide you with detailed guidelines on the entire process in the below link.During token swap, you will be able to convert ERC20 ZILs on the Ethereum network to native ZILs on the Zilliqa network at the rate of 1:1. *This will take place on 22 April, 0:00 AM UTC - so please remember to deposit all ERC20 ZILs you would like to swap to Binance prior to this*. At that point, Binance will temporarily suspend all deposits and withdrawals of ERC 20 ZILs and permanently stop trading of ERC20 ZILs. You will then get them changed for mainnet ZILs.The closing date for the swap has not yet been decided. Several exchanges have agreed to support our token swap, pending their official announcement of the exact dates and mechanisms. Details of both will be shared with everyone in the community as we get more confirmations.A final note and recommendation to all - You are encouraged to swap your tokens as early as possible and precisely follow the instructions of the exchange you are using. For any questions please consult the exchange customer service before you proceed! For those who are unable to get this done in April, there will be a subsequent token swap phase, the specifics of which will be shared following the end of this first phase.You can read all details here: https://drive.google.com/file/d/1w-UuFX9maLmbt6aybiAv2U6rHNWhKwxQ/view?usp=sharing