Testnet Launched for Zilliqa 2.0 Proof-of-Stake Consensus

Testnet Launched for Zilliqa 2.0 Proof-of-Stake Consensus

Zilliqa, the layer-one blockchain project, has recently announced the launch of its Jasper proof-of-stake (PoS) consensus mechanism-enabled testnet, dubbed Zilliqa 2.0, via an official blog post. This launch enables developers and validators to explore the network's capabilities, operate validator nodes, contribute to network security, and earn rewards. Zilliqa 2.0 represents a significant upgrade to the blockchain platform, bringing enhanced scalability, security, and developer-friendliness. The PoS consensus mechanism is expected to significantly improve transaction processing speed and reduce energy consumption compared to the previous proof-of-work (PoW) mechanism. With the launch of the testnet, developers can now test smart contracts, dApps, and other applications on the Zilliqa 2.0 platform. Validators can also participate in the consensus process by running validator nodes and contributing to network security. In return for their contributions, validators will be rewarded with ZIL, the native cryptocurrency of the Zilliqa blockchain. The launch of the Zilliqa 2.0 testnet is a crucial milestone in the development of the Zilliqa blockchain. It brings the platform closer to its goal of becoming a leading smart contract platform for enterprise and developer adoption. By providing a testing environment for developers and validators, Zilliqa ensures a smooth transition to the new consensus mechanism when the mainnet launches.