ZILLIQA Is Planning To Recover Unswapped ERC-20 ZILs

ZILLIQA Is Planning To Recover Unswapped ERC-20 ZILs

By Sajjad570 | saj_ak | 4 Jan 2021


Back in 15 Feb 2020 when Zilliqa closed the token swap process of ERC-20 ZILs into mainnet ZIL, approx 1.02% of the max supply of ZIL(21 BILLION) remained unswapped and got frozen in Ethereum blockchain.

But that is about to change as ZILLIQA is buliding a solution to recover the unswapped ZILs into mainnet. A bridge will be built between ETHEREUM and ZIL chain, this bridge will also allow other ERC-20 assets as well aa ETHEREUM to be moved over to the ZILLIQA chain.

Here is quick update about the ongoing process- 

  • All needed constructs are added in Scilla. (Done☑️)
  • Writing of key ZILETHManager contract in Scilla. (Done ☑️)
  • First round of contract testing. (Done ☑️)
  • Add all needed primitives at the protocol layer. (Done ☑️)
  • Build the ZIL-Polynetwork 2 relayer.(on process⏳)
  • End to end integration. ( On process⏳)
  • Extensive internal testing. (🔜)
  • Launch on testnet and public testing. (After internal testing 🚀)
  • Launch on Mainnet. (🚀)

 

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Sajjad570
Sajjad570

I can proudly say that I'm a good reader, I always try to find new articles published by authentic authors.


saj_ak
saj_ak

I'm a crypto enthusiast and like to HODL

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