Binance to Support Zilliqa’s Upgrade and Hard Fark to Introduce EVM Compatibility

Crypto exchange Binance announced early Friday that it would support the Zilliqa (ZIL) network upgrade and hardfork scheduled for April 25th.

Trading of Zilliqa Will not Be Affected on Binance

Binance added that the trading of ZIL during the upgrade will not be affected. The exchange would handle all the technical aspects of the event.

Zilliqa’s Upgrade Will Introduce EVM Compatibility

The scheduled upgrade is the final implementation of the Ethereum Virtual Machine (EVM) compatibility on the Zilliqa Mainnet. The move aims to bring the ‘ Zilliqa protocol to a wider ecosystem of blockchain users and developers building EVM-compatible smart contracts.’

The team at Zilliqa further explained that EVM compatibility would make Zilliqa more interoperable. They explained:

By taking a multi-chain approach to developer support and opening the Zilliqa protocol to a greater number of builders and projects, we can make the efficiencies of Zilliqa more accessible and interoperable with exciting DeFi projects, dApps, and more.

Bringing EVM compatibility to mainnet will be a carefully managed, multi-stage process that will ensure that smart contracts run reliably on the Zilliqa network and enable a wider ecosystem of developers to take advantage of the blockchain’s unique features.

EVM compatibility makes it easier than ever to use and build on Zilliqa, and will enable Zilliqa developers to create applications that work across multiple blockchains and service more users from across a large market of interoperable platforms.

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