The developers of the crypto-project Zilliqa are preparing to implement one of the key functional capabilities of their product by launching smart contracts.
They initially announced this at the Consensus 2019 conference, later publishing a confirmation on their blog.
Smart contracts are expected to be activated on June 10th. As in other blockchains, with their help, users will be able to perform a variety of operations that, under normal conditions, require the involvement of intermediaries.“Using smart contracts, customers building on us and facilitating transactions and communications in a more efficient, direct and accountable way — without the use of middlemen that might slow down or compromise the process. Given that the benefits of smart contracts that have been recorded frequently within the industry, we are committed to understanding business needs and develop our smart contracts platform accordingly. This milestone keeps us on track to getting financial services, gaming and media entertainment industries onboard to build on the Zilliqa platform,” the publication says.
In addition, the project reports that a separate group of developers is working on creating an application, thanks to which owners of Ledger hardware wallets will be able to carry out transactions with ZIL tokens.
To date, they have managed to sign and transfer the transaction using the Ledger Nano S wallet on the Zilliqa test network. After completion, the application will be sent to Ledger for evaluation, and then it will be available to owners of hardware wallets.
The ZIL course has grown by 25% over the past 2 days.Chart via TradingView
Author: Marko Vidrih