Zilliqa: Becomes Ethereum L2 for Institutions
Zilliqa announces its shift from a nine-year standalone Layer 1 to the Zilliqa Institutional Layer, an Ethereum Layer 2 built for regulated institutions while retaining the ZIL token and community.
SourceAnalysis
Zilliqa confirms it will abandon its standalone Layer 1 after nine years and relaunch as the Zilliqa Institutional Layer (ZIL), an Ethereum Layer 2 focused on regulated institutions with settlement secured by Ethereum, built-in vLEI identity and compliance, and a permissioned market for verified institutions.
Zilliqa keeps its partnerships, community and single ZIL token while cutting the costs of independent security; Liechtenstein state-backed ltin_li will run the sequencer and issue vLEIs, with no token action required from holders until technical details appear on zilliqa.com.
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Zilliqa
@zilliqaThe official account for Zilliqa, a high-throughput blockchain platform designed to scale through sharding. Features updates on network upgrades, ecosystem project launches, developer tools, and partnerships advancing the adoption of its secure, scalable smart contract infrastructure.