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Zilliqa 2.0 launch AMA
Recorded: July 3, 2025 Duration: 1:10:42Space Recording
Short Summary
Zilliqa 2.0 has officially launched, introducing groundbreaking features like EVM compatibility and a community-driven grant model, positioning the blockchain for significant growth and enhanced user engagement. Strategic partnerships and a focus on cross-chain interoperability further highlight Zilliqa's commitment to innovation and institutional adoption.
Full Transcription
Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Hello, can everyone hear me?
Mic testing, check.
Can I have a thumbs up from everyone who can hear me? sounds great we'll be joining in
we'll be starting shortly
we're waiting for Alex to join in. Thank you. Thanks everyone for tuning in.
We will start shortly. Hey everyone, I'm Shalika Jain, super excited to be hosting today's AMA.
A big welcome to all of you from the Zilliqa community.
Today we're doing an interesting conversation about everything Zilliqa 2.0, a major milestone
upgrade that we've seen in the community.
And today we're joined by two speakers from the Zilliqa core team.
So let's welcome
them and we'll get to hear a bit more about them. Could you guys give a quick intro about
yourself, Alex and Zoltan, please? Sure. Thank you very much. I hope you can hear me all
well. It's my first X space where I speak, so so I'm quite excited. Thank you for tuning in.
So I've been with Silica for the past three plus years,
surfing mainly as the CFO.
And as you all have heard, read, or seen,
that with the step down of Matt Dyer as a former CEO, I was given the opportunity to
step into his very big steps and serve now as the interim CEO.
Very excited to walk you through this AMA and also very excited to hear some community
questions later.
Let's get to you Zoltan.
Hi everyone, it's great to be here again with the community.
I remember the last AMA we had prior to the launch,
a few months before the launch,
and we were already talking about what's coming,
and we finally made it, we launched.
So if you don't know me, I joined two and a half years ago,
the Zilliqa team.
The job was to design and build Zilliqa 2.0,
which was conceived afterwards.
It didn't really exist.
It was just a plan to launch something brand new and innovative.
My original and still official role is this head of research.
But over the time, in reality, it's
people that do a lot of other things
So a lot of other things and a lot of other activities I'm doing.
and a lot of other activities I'm doing.
Cool. Sounds great.
Now that we've got some context, let's dive into the details.
With Zilliqa 2.0 officially being live,
we're stepping into a completely new protocol,
right from EVM compatibility to staking to smart contracts and so much more.
And today, this is a massive technical and community milestone for
all of us as well as the community, the core team. So today's AMA is all about diving into
the details and of course, answering all our community questions. So without a lot of ado,
let's get into the questions. So I do have like a couple of questions that I would like to share
with the speakers. But then we'll also have like a community session post that I would like to share with the speakers, but then we'll
also have like a community session for this. So all of y'all stay tuned. Coming to the questions.
So starting off with Alex, my first question is like Zilliqa is right now, Zilliqa 2.0 is like
finally live. So can you share some of the biggest milestones that we've achieved in this upgrade?
Yes, thank you very much.
So with all big and long-term projects, I'm incredibly proud of the team and what they achieved.
Not too much of a technical person, but just testing it and getting my hands on it finally on the mainnet is just amazing and
i think where we came from right silica itself has a very long history and it has been the first chain
who actually brought to life the sharding capabilities and it was very much research led
and it was very much research-led back in the days.
So this upgrade is obviously a major leap into the future
and into the adoption in the community and also in the blockchain space.
I think we're going to talk more about EVM compatibility and what it means,
what it means but that's obviously one of the biggest changes that we anticipated.
but that's obviously one of the biggest changes that we anticipated.
Also, over the past couple of days I was tremendously testing the staking
mechanics, moving stakes from the old staking portal to the new one. It's a
very sleek experience and I think moving away from this hybrid proof-of-stake
proof-of-work approach to a full proof of stake consensus algorithm.
It's fantastic.
And at the end, what I still think is miraculous is how the team was able to maintain backwards compatibility
of the existing smart contracts and user accounts, which were based on the SILA standards.
So to me, that's still miraculous, but I think we're also going to dive deeper into
that topic later.
Fulton, any major milestones from you that you would like to highlight? You see that I covered all of them.
That's fantastic.
Sultan is very humble usually.
I know that all these features, you can name them quickly.
You can interact with them.
And yeah, it's much more difficult from a technical point of view.
That sounds amazing.
So my follow-up to you would be that what was the vision behind Zilliqa 2.0
and how is it going to reshape the entire ecosystem?
Because I think we've been seeing a lot of upgrades and launches
happening in the ecosystem, right?
So I think the community might be interested in knowing,
like, what was the vision behind Zilliqa 2.0?
Yes, thank you.
That's a very good question, actually,
that I asked myself many times.
You know, we have seen a change in the blockchain ecosystem right when
silica initially launched back then there was much more space for different applications and
also different multi-purpose chains out there however the space has changed and it transforms quickly. So we have to adapt.
And I think like this general purpose blockchains are having a difficult time, especially if
they're outside the EVM or the Solana space, right? So Silica was a bit of an exotic animal in that view.
So with this transformation and the release of Silica II,
we're going to finally compete and play with the others
in the EVM space.
That, for myself, is very exciting.
And on the other hand side, we not only
built Silica II to be a high performance, you know, all purpose layer one,
but with what we have built and also what the future plans are, which we're going to, again,
elaborate later a bit more, we built like the major or the foundational layer for institutional
and enterprise grade applications about which topics I'm really excited to talk about as well.
Yeah.
That's amazing to hear.
I think Zoltan dropped off because of some technical glitches, but I do have a follow-up
question on what you just shared, right?
You told about the whole space being multi chain, and you need to like,
like evolve as per the market conditions as per like what's happening in the space as per the
technological innovations happening out there. So with Zilliqa 2.0, it's bringing in like full
EVM compatibility. So I would like to know like, what does this mean in practice? And what does this mean for developers coming from Ethereum or any other EVM chains?
Oh, for me, it changes everything, right?
But again, I'm not too technical.
But, you know, from my understanding, maybe from 2,000 meters away,
the pain of learning a new skill is always very hard, right?
And if you have kids or if you try to learn a language yourself as an adult,
you see how difficult it is to learn new things.
So with Silica and its Scylla standard and smart contract language that we had in the past,
Scylla standard and smart contract language that we had in the past, it was pretty tough to attract
developers or integrate with existing applications. So with the full EVM compatibility,
that blocker is finally out of the way. So it means that anyone or any solidity-based smart contract can be deployed on Silica as well.
And we can just use the standard tooling and just the hard hat and Metamask to name the few I know.
But just be able to use Metamask and for me also being still in the finance operations,
being still in the finance operations, just being able to use MetaMask for all the transactions
and everything is just a big relief and a big improvement compared to how it was in the past.
That's quite interesting. You've shared with us that how easy it is for developers to now build
on Zilliqa with the Zilliqa 2.0 upgrade, right? So what kind of new opportunities are opening up
for DApp developers building on Zilliqa?
Like, what kind of opportunities are you providing them
to, like, make them more excited to build on Zilliqa?
So what we did, you know, obviously,
so it's going to be full EVM standard.
We were talking about innovation and technical innovation, which we can also look at later.
But at the fundamental layer of silica 2, it is plain vanilla EVM.
It's going to stand in the same row as every other EVM chain.
There are plenty out there,
so that's not really a discrimination.
But whoever builds or has built a protocol
on any EVM chain can simply deploy that same protocol
or application on Silica as well,
or it can be forked by other teams.
So it's just a tremendous how do you say it just
removes a tremendous barrier of entry that was there in the past but anyway let me elaborate a
little bit more so because i think what we offer is you know obviously the the same things that everybody else offers in there. We have a
documentation portal that any developer can reach, we have EVM SDKs that you can use,
we have a BlockScout as an explorer, we have the graph integration. So in the back of the past two,
two and a half years that Silica 2 was developed, we also worked on integrating
with the standard tooling that all the EVM chains have out there. So I think just to
level the play field with the other chains and to make it as simple as possible for any
developer team or application to simply move on to Silica. And for me, maybe I just chime in with some personal thoughts, right?
So what is always interesting for teams and also for emerging teams, right?
If you build somewhere where you already have various decks,
various other applications and the market is very saturated,
might not be that interesting.
But with Silica 2, and, you know, that didn't change compared to Silica 1, we basically start
on the more or less green fields, right? So a green field can be a risk, but it can also be
an opportunity for teams to actually step in there and, you know and make their space where on other chains it might be difficult
or more difficult with regard to competition.
So that kind of excites me.
And we see already positive feedback from more applications reaching out to us
and seeking for integration.
Yeah, I'm definitely confident that there will be a lot more activity happening on train with
developers building uh on zilliqa and with this upgrade we're gonna see like a lot more attention
to zilliqa in the upcoming days but quickly coming to you zoltan um i would love for you
to walk us through the architecture of modular shards x shards and how they scale beyond like
traditional sharding.
So I think we've spoken more on the high level side,
but I would love to learn a bit more on the architecture
side of things.
Yeah, thank you.
I'm back.
I guess it already has a tradition
that I'm not able to use Twitter spaces or X properly.
So X-Shards, you can imagine are our layer two solutions.
So, you know, there are other layer twos, rollups, et cetera,
different architectures in other ecosystems out there.
These X-Shards are just the term for our layer two solutions,
which are connected to the main chain.
This is what we just launched, the main app.
They will be also registered there.
There are smart contracts maintaining information about these future
app charts, which are not live yet.
And they are sovereign app chains, highly customizable.
So you can, for example, adjust the valid data sets.
Your application or use case might have regulatory requirements,
like all the validators must be from the US, just an example,
or some other geography.
You might even use a different consensus. So replace proof of
stake with proof of authority. You can fine tune the block times. So the current block times are
actually an artificial limitation we introduced. We said it doesn't make sense to produce blocks
more frequently than one second. This is why we don't go below one second, but in another X-Shard
with different requirements, it might be
reasonable to produce blocks every 500 milliseconds, for example,
or whatsoever.
You can adjust or customize the transaction fees,
what the native token shall be, etc.
So this is basically the idea of the Xshards
to adjust them or tailor them to the demands
of specific use cases or applications.
Nevertheless, they are all connected, interconnected
with each other, or with each other basically.
And the main Xshard, the mainnet,
they will have built-in capabilities for cross-shard communication,
cross-shard smart contracts interacting with each other.
And the scaling comes from running them in parallel.
So they will be processing transactions simultaneously
in a similar way as roll-ups do on Ethereum and in other ecosystems.
That's quite interesting.
But I think one of the lingering questions that we generally have with new architecture
upgrade is about the security and the decentralization side of it.
So how does Zilliqa 2.0 ensure that the security and decentralization alongside
like scalability with these changes
you see how how hard sultan and the team works right? We are multitasking all the time, right?
So it's quite hard to carve out time these days.
So while being a bit further away, let me pick this up.
I think what is different compared to Silica 1
and the consensus that we use there is that the decentralization is maintained by making the participation of validators permissionless and geographically distributed.
Obviously, we just started with adding external validators to the network a couple of days
ago.
The staking portal and everything just launched this Monday.
So this is all pretty fresh.
But with this permissionless architecture, anyone in any location can host the nodes.
And we are obviously working to add further nodes and teams into the consensus algorithm.
I was actually quite impressed how many nodes from different third-party teams went live
with the mainnet and were already added to the staking portal on Monday.
So it's quite impressive to see.
I need to check the number because it gets notes added almost
every day. I think last time it was about 17 notes in the network which I think is quite impressive.
So what is the advantage? I think as well when you compare it to Ethereum or to Solana especially, right? So our proof of stake consensus is very lightweight,
but secure.
So, you know, it doesn't need too much technical gear
to actually run a validator as far as I can judge it.
I know that for example,
for to become a Solana validator is a technical challenge,
especially on the hardware and also on the financial
means that you need to have to run on.
Silica is still the requirement to deposit the minimum of the 10 million sales for a
node to actively participate in the consensus.
So that's the major restriction, I think, rather than the hardware restriction.
Yeah, so I'm quite excited to see how this grows
and how it adds to our decentralization.
It's also one of the major points, right?
So we have been working for years to get a listing on Coinbase,
for example.
No confidential information shared here,
so it's obvious that we try to get listed on Coinbase,
but one of the hurdles or one of the issues why it never happened was because they assumed,
I think it's not exactly true, but they assumed that Silica1 was not decentralized enough,
so obviously with the launch of Silica2 and this lightweight but secure approach in the consensus
algorithm and the growing geographical distribution that we will get better cards in our hands to also
continue the discussion with a potential Coinbase listing.
Definitely. I'm super pumped and I have my zil bags on but uh coming to that point like
we have like a bunch of projects that are very focused on regulations these days right and
regulations has been like a hot topic in this space lately so what does you know this 2.0
upgrade mean for like launching compliant defi or RWA projects on Zilliqa?
Yes.
So for me, you know, also in my dual hat role CFO CEO, I deal a lot with like these regulatory
aspects about the whole industry.
And just to share some stories from the war Room, the MAS in Singapore has just released
a very tight upgrade on how they regulate crypto and blockchain operations.
So again, this is a hot topic.
And I think we are going to see global standards and global regulation that more and more
take a firmer grip onto the blockchain space and obviously Silica is not exempt from that right and
you know we have to be we have to be aware and we have to go with these developments
you know initially when I joined or when I when I started to get interested into crypto,
I have a very traditional finance background, so I know the ThreatFi system in and out.
What initially called me was like, okay, the permissionlessness, the decentralization,
like the put the control over funds back to the user.
That initially got me into the space, right?
So I'm probably a bit of an anarchist by heart,
but I was forced to work at banks.
And it's a bit sad to see that regulations
swaps over from TratFi into also the blockchain environment.
So this is probably the sad part,
but the positive part is also institutional adoption
and rendering our space where Silica is active,
not only Silica is active, right?
Where we have a huge adoption already,
but bringing in like institutional, governmental,
and just like all the big industries into this
space, you need to have a reliable and clear regulatory framework.
So we unfortunately will not get around that.
So sorry, that was a bit off topic, probably.
Let me get back.
So the compliance stuff. OK, so you probably have seen on X or somewhere else that
Silica has partnered with, I think, an exciting project,
which is called the Liechtenstein Trusted Integrity
Network.
For those of you out of Europe, Liechtenstein
is a very small and special country that
is extremely heavy on the traditional finance side.
And the government there is a bit run like a monarchy.
So there is like, it's like one family that can set the rules
and they have a very big push on the blockchain
and crypto initiatives.
So that was a good sentence.
They made a very big push to become also a hotspot or cover the whole EVM space.
So the second partner is obviously Solana. So we are directly at the same table with Solana,
which I think is highly, highly interesting. And, you know, it just kind of puts us together with the big names out there.
So what is happening is we're currently still defining what exactly the roadmap looks like.
So obviously I cannot give you much more about that.
But if you know a bit about the traditional finance regulation,
there is a thing that is called legal entity identifier so if you want to participate
in the financial markets as a as a heuristic person or anything else you need to have this
legal entity identified it's just a little number but it's very important to to be compliant
so what LTN does initially is they delve into the virtual issuance of these legal entity identifiers on chain,
connected to wallets and enabling institutional participants to actually get access to the blockchain space.
Because before it was impossible, even if you are licensed and regulated and everything,
it was impossible even if you're licensed and regulated and everything there was no solution
to actually get a metamask wallet and connect and put funds on it that was just impossible so this
is one of the first topics um that we're gonna tackle in this in this partnership so a quick
a quick glimpse in what is going on so next next week we already had a couple of workshops to look at,
but next week there will be the first official kickoff where the proof of concept of such
villi issuance and on silica actually will start. So I'm quite excited about that even though it's
regulatory, you know when I hear regulatory I always get a bit bored but there is actually a very interesting aspect to it with regard to
what is coming next and you know there are many things like that if you if you if you google
vlay a little bit you will find another very big chain out there that is pushing hard
to get into this space. However, the Eltin opportunity or partnership is exciting for
two reasons. First of all, as I said, Liechtenstein is a very small and progressive government
and the Eltin project is actually controlled and run by the government
directly and to issue formally such a legal entity identifier you have a little bit of a hurdle
because you need to be a government entity to actually do that and this is very difficult to
find the government to partner with you on a blockchain project so yeah google a little bit you will you may find another chain
that tries to do something similar um but it's not part of the uh of anything for example
that's interesting i think you you've already shared so much about institutional as well as
enterprise partnerships that are in the pipeline or that we've like recently announced. So my question to you Zoltan, like coming back to you,
like my simple question to you would be that
how does the migration path look like for existing dApps
and smart contracts on the previous Zilliqa version
to get upgraded to Zilliqa 2.0?
Like if you can share like some insights around that,
If you can share some insights around that, I think that's going to be great.
I think that's going to be great.
Oh, we lost Zoltan again, is it?
May I chime in then? Because I think we touched base on that already on the milestones and the
that already on the milestones and the highlights. I still find it miraculous how they
were able to launch the new EVM first chain but maintain this backwards compatibility to Scylla.
So basically all the Scylla accounts and all the Scylla-based apps are still working.
and all the Scylla-based apps are still working right and I think this is first of all super
exciting but it also puts us and well pressure is the wrong word but what I would like to work on
next is to provide solutions for Scylla-based projects assets. And I saw some people from NFT projects on here also allow,
and the NFTs on Scylla are Scylla based tokens.
So there should also be a solution how to move
from Scylla based, or I call it legacy,
but it's still operational obviously, onto the new EVM standard that we run in Scylla-based, or I call it legacy, but it's still operational, obviously,
onto the new EVM standard that we run in Silicon 2.
So it's kind of the best of both worlds, and I'm super excited about that.
Cool. That sounds great.
I think most of our conversation has just been around the upgrade, around the architecture, what it means, the security, decentralization,
so many heavy things, right? But one of the things that the community is always interested in
is the token. So I would love to ask you more about like the ZIL token and what kind of impact
this upgrade has on the token holders as well as the network participants.
upgrade has on the token holders as well as the network participants?
Sure. Yeah, that's obviously a new question. For me, and again, putting my finance hat on,
the still price is the most important KPI that I and the team obviously monitors. So what we ask ourselves is with every initiative is does it have a positive impact or will
it help the SIL token or the SIL price to actually recover from the currently obviously
very low level that we reached.
At the same time, the market environment for altcoins, especially also for, I think, DinoChain is not in anymore, but not that often on X to follow the trend.
So it's called DinoChain. seen many relaunches that were more significant, like changing tokenomics, changing from being
a layer one to a layer two, all these kinds of transformations we saw in the market from
the older chains that were out there.
At Silica, we still think that the SIL token and being a layer one at this point is the
right way to go.
And with all this adoption and opportunities that lay ahead,
which also benefits the SIL token,
because I just give you a random example
that I had in mind, let's assume that in the future
there will be a lot of interest for companies
or institutional participants
to actually get a virtual legal entity identifier on chain and that you can only do on evm through
through silica so you have to pay in sales or you even need to stake sales to actually
being issued that so there are many ways to circle back from all these initiatives that we
drive onto the onto the sale price and at the same time the DeFi landscape and I think I
we discussed steps before and I mentioned kind of the green fields that we face at Silica and moving from Silica 1 to
Silica 2 doesn't change that, right? So we have very good teams and very good applications,
but it was just hard to access and hard to use because you had to move to another standard
and then it was a bit difficult to use. I think the user friendliness now has
massively improved and at the same time with the EVM first approach it will be much easier
to also partner with other DeFi applications that actually make the ecosystem fun and bring
also opportunity onto the chain for SIL token holders to do more than just stake.
Yeah, hope that makes sense.
I'm hearing that there's a lot that's in the pipeline for the holders as well as the participants in the network right now.
So everyone just stay tuned on what Silica is going to bring up in the next coming days so my quick
follow-up on that would be like what kind of incentives and programs do you have in place
to attract like liquidity dApps protocols because this is such a big milestone upgrade right like
and with 2.0 there's like so many new features from an architectural standpoint it's making it
easy for developers to build on.
But do you also have like any incentives,
programs in place to make it like more lucrative
for people to join in the ecosystem?
Yeah, first of all, right.
So how do you bring liquidity into the ecosystem?
It's through connectivity, interoperability, and people being able to
actually move onto a chain, right?
And this will be significantly easier than it was in the past, but now I'm repeating
myself.
So, you know, by that, and, you know, we have, I'll give you an example right so we just have the
debridge in place we never had a very good bridging solution onto silica but
now with debridge being there if USDC being natively available to debridge on
silica these are just you know these are the preconditions that you need to actually enable the ecosystem
to attract liquidity.
And before these are not in place, I think every attempt is futile.
Even if you just throw around grants, it will not be very sustainable.
So this flow, you need to have uninterrupted flow between the different ecosystems and
this we have now as again I mentioned so you I probably should record a tutorial
video how to actually find the d-bridge connection to silica because it's not
that easy and it's there it's slowly progressing but it's only rolled out now
with silica 2 for example the dbridge integration, I think you started to discuss more than a year ago.
It was there, but it can only be rolled out now with the goal life of Silica II.
There's also standard things like money market protocols, borrow lending, DEXs, right? All these little
pieces need to be applied to make the ecosystem attractive and through that also attract liquidity.
But probably the most interesting question which I haven't answered yet is for the community is the
grants one. So you know Silica has always and will always support the protocols that have been building on them.
You know, we have long lasting relationships with those that even built on Silica One already.
And we always had a supportive environment for everyone.
Regarding grants, I must admit from a Silica finance point of view, we don't give out direct grants anymore because in the past it has been proven to be a bit futile effort. quite a significant amount of money in there where people can apply for a project grant and it will
then be in a decentralized way voted for or against the grants being paid out i really like
this concept it also works so the first grants i think have been paid out and projects are are
building through that process and i think it it's just much better to have the community
through a decentralized organization, through the DAO,
you know, I don't want to go too deep into that,
but anyway, through a DAO to vote which project
should get a grant rather than, you know,
me and the team sitting at Silica deciding what is worthy of such a direct payment.
It's like the government, right?
So if you start to pay subsidies and everything by the government,
you don't have the full information like the community,
so you probably misallocate sometimes.
So I think it's way better to have the community decide what to support and what not.
That's interesting.
I really love the community-first narrative where the community gets to decide which projects need to be given grants or funded or incentives on Zilliqa.
So that's quite amazing.
So that's quite amazing.
Moving forward, I think like one of the biggest questions right now for the community or for developers or for users in general is all about user experience, right?
Like we have so many chains, L1s, L2s out there, EVM compatible chains out there.
But then cross-chain interoperability is really important so that the user flow
user experience is quite seamless
so I wanted
to know more on like
is cross-chain interoperability a part
of the near-term plan for the
Zilliqa 2.0 upgrade
or like what's in the pipeline around that
yeah
exactly I mean I think
I scratched on the surface of that already so right uh you know
there is obviously the debris integration that i already talked about but you know plunderswap
and collegio also have a very nice bridge in place a very good team by the way thank you for being here as as listeners so appreciate thank you and there's more
to be added for example we also have had lengthy discussions with one chain one chain is a bridge
to the cardano ecosystem if any one of you still remembers the more than a year ago in singapore
at the token 2049 there was a a partnership announced between Cardano and Silica,
but unfortunately that went a bit cold.
But as part of that,
we always wanted to have the one chain integration,
which would allow also the connectivity
between Silica and Cardano.
But otherwise we have very nice native bridges in place
to PlunderSwap Collegio
and we have like a third party bridge that is well known with the bridge. So I think
that puts us on a very good situation compared to, you know, what it was six, 12 months ago.
That's amazing to hear. So I think like we've covered like quite a lot uh but like
every time that we speak about zillica there is something new there is like a lot more that's
happening so i think one of the things uh moving forward that we would like to know is like
post zillica 2.0 launch what's like the next big thing? What's in the roadmap? What are the focuses areas for the next
half of 2025? Yeah, that's a very exciting question, obviously one that I ask myself on a
daily basis almost. Let me take a little bit of a step back and start it from the history of Silica again.
So Silica initially was launched out of university
from a very academic point of view
with state-of-the-art new charting architecture, et cetera.
From that, there have been a lot of pivotal events,
including change in management, change in structure.
And I think if you look at all these things that were tried at Silica, it's amazing the
abundance of things that were, you know, even if it's an experiment, right, what was tried
and, you know, it's just amazing what the people what the people at this company
were able uh to achieve you know obviously some of them were more or less successful but that's
part of the experiment and i think this is something that i always keep in mind you know
where where are we coming from what is our history and where do we want to go and here you know when i took over the strategic leadership
of silica the first thing i tried to remind myself is what is what is silica what are we even doing
because over the past there was just so many different um activities left and right that
everybody was stretched to the thinnest.
And there was obviously not the tech team working on Silica 2.
They always had a very clear target, but everybody else was working on so
many different things.
And I just highlighted here because you all know it,
there was gaming studios, there was Metaverse, there were so many different things that we had to remind ourselves what is actually the purpose of silicon. process where we stopped the left and right activities that were built up through these
many pivotal events and management changes and really reconsider to the core of what
we do.
And what we do is we provide a state-of-the-art blockchain infrastructure for people to build
up on.
We provide regulatory security in the future
through L-TN, relays, and whatever else is coming out of that.
And that's what we do.
And then we support people to actually build on top of that,
rather than Silica developing the latest hype application
at this point. So that's a bit of the history, that's what happened,
you know, it was a bit of a rocky ride the past couple of months, but I also wanted to give you
some insight why this all happened. So maybe you have heard things or you have friends at FIDICA and you were hearing certain rumors or whatever is going on.
Anyway, that was a bit the past where I'm coming from.
And obviously, where do we go in the future is dependent on these assessments.
And I just tried to give you the TLDR of why the future or the roadmap
into the future looks as it looks like.
So I'm currently, and I think I highlighted it before
when I tried to explain a little bit what Eltin is and what they do.
So we are a bit busy with curing out all the little bugs that are normal
when you launch such a big upgrade like Silica 2.
So we're very occupied and very focused
to clear out all these bugs that are reported by the community
or by ourselves.
I think this is important to mention
because without a stable mainnet,
it doesn't make much sense to tackle further complicated milestones like smart accounts, x-shards, etc.
Obviously, these are all on the roadmap, but for the very short term, it's now bug fixing,
creating stability and making sure that everything works as it is intended.
At the same time, and I mentioned it before, next week is the first project group meeting
for Eltin and the VLA.
It's quite interesting because the project is inter, how do you say it properly, it's
not inter-operational, it's like within several partners of Eltin that work together on this
project and Silica is on the smart contract blockchain implementation exactly what we do at our core
right providing infrastructure providing the right environment for something is to run and
this is scheduled for next week so i you know we shall find out more and from there we're going to
start to work on that project and at the same time time, as Sultan mentioned, there's so much on the roadmap,
we just need to prioritize.
While I like the X-Shards are super interesting
and are a nice feature,
but we also need to think about
what are the applications
and is there a project that is dependent
and really wants these X-Shards out there
because just wanting to have X-Shards for the sake of having X-Shards out there because just wanting to have X-Shards for the sake of having
X-Shards doesn't justify having a full engineering team working for a whole year.
So that's how I assess the things that we put on the roadmap.
And right now the priority is on this proof of concept with Eltin and the bug fixing.
And obviously as mentioned before,
smart accounts and xShards are still very big on the roadmap.
But they just move dynamically on the timeline.
Cool. That's quite a lot.
And thank you so much for all your insights.
I think we've covered so much in this space right from the 2.0 upgrade,
infrastructure, liquidity, post roadmap updates.
So I think like there's a lot that's coming to all of us,
but let's move to the community section
and let's like take it to the community
to see if they have like any questions.
So to the community, if you do have like any questions,
feel free to raise your hand if you want to like ask it live. Or you can also drop in like your
questions in the chat and we'll take that from there and give those questions to Alex so that
he can decode that for us. They probably all fall to sleep because of listening to me. Or I think that you covered everything so holistically
that there aren't really any questions for the community.
But moving forward, let's like wrap the space.
I think like we've covered a lot.
There's like, you know, the community portal
that the users could always reach out to,
the community could reach out to.
And I'd like to give a huge shout out to you alex for taking over this space i know that zoltan was not really able to join in um he was just going on and off because of the glitches but a huge thank
you to you to give us like the whole update about what's happening with zilika 2 2.0. Zilliqa 2.0 is just getting started.
And the best way for all of us to be part of it is to build, stay involved,
buy a lot of Zill if you'd like to.
But yeah, for now, let's wrap the space.
We'll catch you in the next one.
Until then, stay curious, stay Zilling.
Thank you all for joining.
Thank you very much for participating.
It was a pleasure. You can always reach out with questions. I really try to answer them. It just may take some time.
Sultan is very busy and I'm sure if you have any more technical questions that are very poorly
addressed, you can always reach out and we also try to answer things as well. Cool. Thank you. Also,
thank you to you for hosting. It was a pleasure. Thank you very much for taking that role.
Thank you. Bye, guys. Happy weekend.
Bye-bye. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you.
Host
Zilliqa
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