2020 has been a year of growth for @zilliqa and $ZIL ecosystem. At the start of the year, we'd committed ourselves to launching growth initiatives on all fronts. It's great to see the community benefitting from the tangible impact that those initiatives had.
Short thread👇
1/ I regularly see off the chart growth numbers on all fronts such as general outreach, market and social sentiment, developer adoption, platform usage, and usability, dev tooling, community-run initiatives, market infrastructure, general ecosystem growth and $ZIL value capture.
2/ I must admit I do feel a bit pleased with what I see because this growth has definitely not been effortless. The team and the community together has put a lot of effort into this. Having said that, I do not feel an iota of complacency. Miles to go...
3/ I plan to write a more detailed thread on what we have achieved in 2020 backed by tangible growth initiatives we took and the growth results we observed. Till then, thank you all for your support and patience. Cheers!
• • •
Missing some Tweet in this thread? You can try to
force a refresh
A thread for those who need more clarity on seed node staking with $ZIL that will go live very soon on #Zilliqa.
1) Seed node staking is not a full-blown PoS system. In a PoS system, staking is used to determine the validator who will propose the next block of transactions.
2) Unlike PoS, seed node staking in #Zilliqa is to allow certain non-consensus nodes called seed nodes (those that store transaction history) to earn rewards for their service. These seed nodes do not participate in validating transactions.
3) Staking rewards come from block mining. 5% of $ZIL mined in every block will be used to reward these nodes while the remaining 95% will be given to the miners who validate transactions. The split is intentionally skewed towards miners as they provide the much needed security.