Zilliqa Mainnet Release Time Postponed, What Happend?

In August of this year, Zilliqa announced that the launch of Zilliqa mainnet will be postponed until January 2019. What does this mean for the Zilliqa community? Let’s look at what is Zilliqa first.

Zilliqa To The（TSP）Rescue
Blockchain technology offers great potential for many industries, but expansion is still one of its biggest problems. If you have a deal sitting in the chain for hours (sometimes a few days), it's no surprise that you're developing a new race in a startup: TPS.

Zilliqa is one of only 28 cryptocurrencies with a market capitalization of more than $1 billion and is one of Singapore's second blockchains, and is working to alleviate this situation I mentioned above (Zilliqa price now is $0.037296) .

Zilliqa aims to use sharding to alleviate the blockchain's extended limit. Fragmentation divides the blockchain network into shards, allowing it to handle multiple transactions simultaneously, which not only enhances scalability, but also reduces a large number of Calculate ability.

Bitcoin only uses the same amount of carbon dioxide per year as a million transatlantic flights, this unsustainable practice cannot be ignored, especially as society becomes more aware of the poor management of our energy resources.

To this end, the Zilliqa community is eagerly awaiting the mainnet releases in the third quarter of 2018. Perhaps Zilliqa's fragment energy footprint is at least an order of magnitude lower than current Bitcoin (bitcoin currency) or Ethereum (eth coin). The market has been optimistic about cryptocurrency, ZIL increased by 68% after the release of the public test network in April 2018, with 2,488 TPS using only 3,600 nodes.

However, it is very disappointing that the community recently announced from the co-founder Amrit Kumar in the official telegram group that the mainnet plan will not be realized in the third quarter of 2018. Because:
1.Conduct a thorough security review
2.Prepare and Perform token exchange
3.Integrate with wallet
4.Develop the tool chain
5.Bring more Dapps

It is a disappointing but understandable announcement.

Is BTC Going to Be Replaced as Central Banks are Keen on Digital Currency?

For digital currencies, the supervision attitude of all countires is very subtle, support or not?

1.The Attitudes of All Countries Towards Digital Currencies
Russia
Recently, Russia’s attitude towards digital currency ATMs has turned 180 degrees. According to the news on September 2, the Russian police confiscated bitcoin currency ATMs nationwide, and more than 20 bitcoin ATMs owned by the Russian company BBFpro have been confiscated by law enforcement agencies.

Iran
Regarding the digital currency, Iran said that the country will make a contribution in the field of digital currency in the central bank. In terms of implementation, Iranian central bank officials said that a transfer network based on blockchain technology is being created.

September 5, 2018: Iran officially recognizes the legal of minning and drafts a policy framework within three weeks. It was reported that the Iranian bitcoin price has reached as high as 23,200 US dollars on September 5 . Currently, the Iranian BTC premium is as high as $15,800.

For mining and blockchain transfers, Iran’s attitude has undoubtedly reminded us that Iran attaches importance to digital currency and will have its own digital currency. After having a digital currency, will it replace the position of the BTC, which deserves our attention and please pay close attention to Bitcoin news.

Venezuela
The use of digital currency in Venezuela is even more advanced, as news as early as March 23, 2018 shows that the Venezuelan president announced the start of the sale of Petro, and Petro has received $5 billion in purchase intentions during the pre-sale phase.

2.BTC Reproduces Large Transfers, and the Heat is not Reduced
BTC has frequently experienced large transfers recently. September 4, 2018 News: The first wallet address of the Bitcoin Rich List has received 2,6849.5 bitcoins since August 30, and no record has been transferred.

If the big transfer doesn't indicates something, then hacking the digital currency and causing a lot of bitcoin to be stolen makes it easy for us to think about how attractive the BTC is and how big the bitcoin market is. The hacking incidents related to cryptocurrencies are expected to increase by about 10 times throughout the year. In the first half of this year alone, hackers’ attacks on cryptocurrencies have directly caused billions of dollars in losses.

These phenomena above indicate that the ambitions of the central bank to digital currency cannot be ignored, but in fact there is still a long way to go before real applications. BTC is a decentralized digital currency, which is different from the digital currency dominated by central banks. From this point of view, BTC has its own advantages.

It is foreseeable that perhaps in the near future, the central bank's digital currency will replace BTC. But now, whether it is a normal transaction or a black market, BTC has not been replaced. After all, after the conversion of the bull markets and bear markets, the status of the BTC is still difficult to shake.