The developers of the blockchain project Zilliqa announced the launch of smart contracts based on the Scilla language in their core network.

In 2017, we envisioned a high performance platform. Guess what?

Today, we've delivered on this. We are thrilled to declare smart contracts officially launched !!! pic.twitter.com/uhaTJ0Lwp9

– Zilliqa (No airdrops or ETH giveaways) (@zilliqa) June 10, 2019

Zilliqa smart contracts are subject to formal verification and are equipped with a set of static analyzers that help identify potential errors and bugs.

In addition, the Scilla language allows you to handle various operational components, such as computing and communication with other contracts, in a “clean way”, eliminating complex interlaces. According to the developers, this will help prevent such incidents like hacking DAO and Parity.

To solve the scalability problem, Zilliqa uses sharding technology. In 2017, the developers said they would bypass Ethereum 1,000 times the transaction processing speed.

“In 2017, we planned to create the world's first public blockchain on the basis of sharding, providing excellent security, ease of use and high performance. Today we have done it and are now open for business cooperation, ”said Amrit Kumar, Chief Researcher of Zilliqa.

Now ZIL cryptocurrency is on the 44th place in the CoinMarketCap rating with a capitalization of $ 202.3 million.

Recall that in the end of January the official launch of the main Zilliqa network took place. At the same time, representatives of the project announced plans to launch an exchange for the trade in tokenized shares of Uber, Airbnb and SpaceX.

Subscribe to the BlockchainJournal news in Telegram: BlockchainJournal Live – the entire news feed, BlockchainJournal – the most important news and polls.