Sharding Blockchain Developer Environment Live in Latest Testnet
Zilliqa, a new technology platform designed to solve the issues of scalability, security and efficiency currently in existing blockchains, has upgraded its public testnet and introduced an integrated developer environment for Scilla, its new programming language for developing secure and scalable smart contract applications. In addition, Zilliqa Testnet v2.0 has introduced more stability and security to the high-throughput network and will allow people to join and begin mining test transactions, a major step towards the public release of the platform in Q3 of 2018.
The technology behind Zilliqa was originally proposed in an academic research paper from a team of computer scientists at the National University of Singapore in 2015 and has since built a team around leading blockchain engineers, academics, and business leaders. The project aims to create a better blockchain infrastructure by creating something that is vastly more scalable, secure, and efficient compared with existing systems, like Bitcoin and Ethereum.
The first problem that Zilliqa solves is scalability. Zilliqa is creating an infrastructure based on the technology of blockchain sharding that would allow its system to process more transactions as more computers join its network. Using this method, Zilliqa is able to process tens of thousands of transactions per second using a relatively small number of computers in the system compared with Ethereum or Bitcoin and allowing the total system reach speeds on par with VISA, the largest payment processor in the world.
The second issue that Zilliqa is also looking to fix is smart contract security. To address this issue, Zilliqa has created a new, intermediate-level smart contract programming language called Scilla that will help prevent security breaches in the future and give developers a much friendlier environment for developing smart contract applications.
In March of 2018, Zilliqa released the first version of their public Testnet (codenamed Red Prawn) – an implementation of blockchain sharding in a public environment. Now, Zilliqa has unveiled Testnet v2.0 (codenamed D24) – an upgrade which represents a major milestone in its path towards the public launch of the platform and programming language. In D24, the company introduced an Integrated Developer Environment (IDE) and extensive documentation for Scilla, in addition to improvements to the stability and security of the system which will now allowing external users to join and test on the sharding blockchain platform.
With the launch of the Scilla IDE, developers can now begin to test applications that can eventually run directly on Zilliqa’s high-throughput blockchain platform, scheduled for release in Q3 of this year. The types of applications that Zilliqa expects to utilize their platform are in the fields of finance and payments, gaming, digital advertising, online media, and any consumer or enterprise applications that require high-throughput and more security.
Xinshu Dong, CEO of Zilliqa, said: “At Zilliqa we have committed to solving very big problems and building a better blockchain infrastructure from the ground up. It’s a testament to the team we have put together that we have been able to execute on the big visions we have planned. This latest release is a major step towards realizes those visions and essentially providing a better way to build smart contract applications with the release of our public mainnet, scheduled within the next 3 months.”
To incentivize development on their platform, the company recently announced the Zilliqa Ecosystem Grant Programme: a $5 million, non-dilutive grant for individual or teams of developers looking to build tools or applications on Zilliqa. The company has stated that any projects would receive technical and marketing support from the Zilliqa technical team.