Zilliqa Announcement

2021-05-28 08:18:20 Zilliqa Announcement pinned a photo Open / Comment

2021-05-28 08:17:46 MARK YOUR CALENDAR: 6 June

In partnership with Polaris Sports, we're ecstatic to support 10 football legends as they share & preserve their journey as NFTs. These beloved #zilliqafootballstars’s specially designed, limited-series digital collectibles will give fans a taste of the game and a piece of their heroes! 

Featuring never-seen-before footage, these NFTs, dropping on 6/6,  are of unrivalled quality. Sold as individual player NFTs and cumulatively as a SUPERPACK, the products can be purchased on a convenient, secure custom marketplace being launched on the NFT drop date. 

Let’s welcome the players and their fans to the ZIL Family, and give them a thunderous Telegram applause!

Diego Costa
James Rodríguez
Pepe
Keylor Navas
Radamel “El Tigre” Falcao
Diogo Jota
João Félix
Raúl Jiménez
Renato Sanches
Rúben Dias

All the exciting details here: https://blog.zilliqa.com/polaris-sports-nets-exclusive-nft-deal-featuring-global-football-giants-in-partnership-with-zilliqa-379b99bcdcbd Open / Comment

2021-05-27 19:26:48 Open / Comment

2021-05-27 19:26:47 Dear Zilliqa Community,

We are happy to inform you that the staking contract has been unpaused and all staking-related activities have resumed. You may now interact with the staking contracts to stake and withdraw rewards. We thank you for your patience.

We would like to remind that:

We have adjusted the inflation to bring the staking APR back. Check the image below for further detail.

The system has also retroactively disbursed rewards to all the seed nodes for the period during which staking was under maintenance. Stakers need to withdraw their staking rewards as usual to claim the retroactive rewards. The retroactive reward disbursement covers rewards for 6 reward cycles that follow the emission curve of v8.0.0.

1,548,800 ZILs have been disbursed for each of the reward cycles corresponding to blocks 1171200 - 1173400, 1173400 - 1175600, 1175600 - 1177800, 1177800 - 1180000, 1180000 - 1182200, 1182200 - 1184400.

The next reward will be disbursed at block number 1186600 and it will follow v8.0.4 emission, i.e, instead of 1,548,800 ZILs, a total of 1,795,200 will be distributed.

Enjoy staking and earning bonus gZIL which is most likely to get all minted within the next 135 days.

Happy Staking,

The Zilliqa Team Open / Comment

2021-05-27 11:27:56 Dear Zilliqa Community,

We are pleased to inform you that the network upgrade is now complete and all activities except staking may now resume. In the next hour or so, we will unpause the staking contract and handle retroactive staking reward disbursement for the paused period.

Good luck with the token launch XCADEMY!

WHAT WE DID: We have fixed the bug that created a slowdown in smart contract processing particularly observed with the staking contract. We have also readjusted the inflation to bring back the previous staking APR.

For more information on this upgrade, please refer to the following documentation:
1. Zilliqa v8.0.4 release notes: https://github.com/Zilliqa/Zilliqa/releases/tag/v8.0.4
2. Scilla v0.10.1 release notes: https://github.com/Zilliqa/scilla/releases/tag/v0.10.1

AS A ZILLIQA STAKER, WHAT DO I NEED TO DO?

The contract will remain paused for the next hour or so. Please wait for a followup announcement on unpausing of the staking contract and retroactive reward distribution.

We want to say a huge thank you to our Zilliqa community for your continued support, questions, and contributions. We apologise for any inconvenience.

Best,
The Zilliqa Team Open / Comment

2021-05-26 09:48:12 Zilliqa and Zilliqa Capital Join the Digital Chamber of Commerce's impressive membership roster!

We're delighted to announce that we have joined the Digital Chamber of Commerce as their newest members. With the guidance of the Chamber experts, we'll be ramping up our US, advocacy and community-building efforts!

Collaborating with the crème de la crème of #crypto, #finance and #policy will go a long way in pushing positive change, and something the blockchain space really needs with new innovations transforming the scene almost daily. We're eager to get started, forge valuable partnerships, and help move the needle on the future of DeFi & Digital Assets regulation. Open / Comment

2021-05-24 22:13:57 Dear Community,

We are happy to inform you that we have identified the issue behind the slowdown observed due to the staking contract. We have implemented the necessary fixes which will be tested over the next couple of days.

What does this mean for you?

We will release a new mainnet upgrade with the fixes.
When: Thursday, May 27, 2021.
Start time: UTC 05:00 hrs
End time: UTC 11:00 hrs

All staking-related activities may resume post-upgrade.

What was the cause?

We identified the main reason behind the slowdown was that the staking contract performs a certain number of deletions of entries in the contract state and these deletions were not efficiently implemented at the core platform side. This required each deletion to read the entire state of the contract creating an I/O overhead eventually leading to a network slowdown.

As always, please remember your funds are SAFU. We apologise for the inconvenience caused and thank you for your patience.

Best,
The Zilliqa Team Open / Comment

2021-05-21 11:35:58 Dear all,

We have completed the mainnet recovery and the network has started to process transactions without the previously observed slowdown. Blocks are coming faster than ever.

Some further investigation has revealed that the root cause for the slow production rate was due to a bottleneck in smart contract processing with regards to certain “large” contracts such as the staking contract. We continue to investigate the issue before pushing a fix via another mainnet upgrade.

A gentle reminder that we have paused the staking contract for a week so as not to affect the processing of other transactions. Once the staking contract is unpaused, any missed rewards for the paused period will be retroactively disbursed. All funds are SAFU and we apologize for the inconvenience.

Best,
The Zilliqa Team Open / Comment

2021-05-20 23:37:18 Dear all,

The Zilliqa network has been experiencing a slowdown since a few hours ago. Upon investigation, it appears to be caused by the staking contract. Transactions to the staking contract are taking considerably more time than necessary to get processed forcing the network to timeout leading to a slowdown.

We would need some more time to dig a bit deeper and investigate the underlying issue and push a fix. In the meantime, we will pause the staking contract so that the network can process other transactions without any slowdown. We will conduct a network recovery and require the miners to rejoin.

We are currently estimating that the staking contract may stay paused for 1 week but we will update the community of a more specific date as soon as we have established the root cause for slowdown in the staking contract and the associated fix. Once the staking contract is unpaused, any missed rewards for the paused period will be retroactively disbursed.

We would like to highlight that all funds are SAFU and apologize for the inconvenience.

Sincerely,
The Zilliqa Team Open / Comment

2021-05-17 20:24:20 Congratulations to https://t.me/xcademy for getting Mr. Beast & KSI to join the $ZIL family. Mainstream adoption here we come!

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