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Oyster Pearl Mainnet
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Zilliqa Postpones MainNet Launch Until January 2019
, a blockchain platform for hosting decentralized applications, has announced that it is postponing its MainNet launch until January 2019.
What is MainNet? When new cryptocurrencies are introduced, they take some time to become fully functional projects. The interim period between the introduction to a proper launch is known as a ‘TestNet’. Once the TestNet period ends, the MainNet period begins - this is where the currency and the platform start delivering upon the promises that they have made.
said the company will need more time to ensure that the code gets properly tested by the core team, the community, and auditing firms. They will also be leveraging the additional time to: Conduct thorough security audits, Prepare for and execute the token swap, Integrate with wallets, Develop toolchains, and Bring more DApps (Decentralized Applications) onboard.
Kumar added that the team is committed to building a secure, scalable and decentralized blockchain platform. Amongst all existing solutions to achieve scalabilities such as off-chain, sidechains, and others, the company believes that sharding is a very promising one towards linear scalability and they have made sharding a reality by releasing the first TestNet network that is sharded.
The company said it has also finalized the design to run smart contracts on a sharded architecture which will be incorporated in the first production release of Zilliqa. This design ensures that transactions involving smart contracts can be processed in parallel across shards and the directory service committee. The entailed protocol will have no restrictions on the type of Scilla smart contracts that can be run.
in the months of May and June, there were 6 MainNet launches - EOS, Ontology, Oyster Pearls, VeChain Thor, Tron, and NULS.
Vivek is a computer engineer by education and a cryptocurrency & blockchain enthusiast by profession. He has been into cryptocurrency space since 2014 and has worked with various online media sites like Newsient, Technostalls, etc. in the past. Vivek believes that since the crypto industry is at a nascent stage, speculations and rumours are on the rise. He, therefore, envisions to cater the right news in the right form to help the audience separate wheat from the chaff. Vivek is also an active speaker at various tech and blockchain events and has been featured in the mainstream media such as Times of India, Hindustan Times, The Hindu Business Line, etc.
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