Zilliqa Release Update Ahead Of January 2019 Mainnet Launch

Zilliqa Release Update Ahead Of January 2019 Mainnet Launch — Can The Bulls Power The Market Back Toward The $0.025 Handle?

• Zilliqa have released an update ahead of their mainnet launch toward the end of January 2019.

• The market is currently trading at support at the $0.020 handle.

• Support moving forward — $0.0205, $0.01893, $0.01831, $0.01737, $0.016, $0.01514, $0.01381, $0.01233.

• Resistance moving forward — $0.02200, $0.02243, $0.02499, $0.02587, $0.02734, $0.02797.

Latest Zilliqa News

The Zilliqa team are working hard in the run-up to their mainnet launch, which is scheduled to go live toward the end of January 2019. The team believe they are laying the foundation for a the future of decentralized apps, games, and security tokens.

The Zilliqa network provides a high performance blockchain that uses the method known as sharing to achieve a high rate of transactions per second (TPS). The team believe that 2019 will be a good year for the project as they continue to push the boundaries of blockchain and begin their plans to drive mass adoption.

In a recent update on the project, the team have mentioned that they are now wrapping up the loose ends found during the internal testing phase by the community. For example, they have found a way of speeding up the execution of smart contracts by up to 2x. They have also announced that developers will have a plethora of choices to code with as they increase the range of their SDKs. Upon mainnet, developers will be able to choose from C#, Python, Java, and Go coding languages to begin to code dApps with.

In their tech updates they have mentioned updates to their seed nodes and their PoW mining algorithm, which allows users to mine on 2 seperate difficulty levels. They have also updated their transaction processing by including a minimum difficulty threshold before a transaction can be processed to the network to achieve a certain level of security. Furthermore, they have made an update to their P2P communications tool to prevent the possibility of a denial-of-service attack.

Let us continue to take a look at the ZIL/USD market and proceed to highlight any potential areas of support and resistance moving forward.