3/ Billions of dollars worth of assets can now be brought over to the ZIL chain
Am I exaggerating? I most certainly am not
This picture shows you the value of assets in PolyNetwork. The bridge essentially opens us up to other protocols and assets from other chains
4/What does this do to the ecosystem we're already building?
@Zilswap is already on 70m TVL with ZRC-2 tokens alone. Imagine this number when we have ERC-20 bridged.
Also the ability to use $ZIL on other protocols
Mass adoption and utility of $ZIL is what we strive for
5/ The biggest question you have now probably is "When bridge?"
As you can see the devs are tirelessly working to finish it. This is their proof of work (hah), we're inching closer to the bridge with each passing day.
So when bridge? Soonβ’
(It's really coming though!) - KT
β’ β’ β’
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Spam transactions clog up the network, making meaningful transactions slower. This is why the next ZIP is important for #Zilliqans to vote and discuss on.
Continue reading this thread to find out moreππ:
2) Ok the proposal's kinda long so here's a tl;dr
The problem? Spam. The proposed solution? Increase transaction costs from 0.002ZIL to 0.1ZIL.
Before you grab your pitchforks out, listen up, there's a reason why this makes sense!
(3) The increase in transaction costs makes it hard to spam the network. A million txns presently costs 2000 ZIL, the change would bring it to 100k ZILs. This makes it harder for our network to be targeted by spam attacks.