Zilliqa (ZIL) Up 20% after Testnet v2.0 Launch

The team at Zilliqa (ZIL) have lived up to their promise of launching the second version of the Testnet before the end of the second quarter of 2018. They made the announcement of the new release only a few hours ago on their medium.com page and at the moment of writing this. As it so happens, today is the last day of June and also the last day in the second quarter of 2018. Talk about perfect timing!

The fact that Zilliqa is built from the ground up to be a more secure environment for high-throughput smart contract applications, makes it ideal for the emerging industries of digital advertising, finance, gaming and others which need a high transaction per second speed.

The second version of the Testnet has been given the code name of D24. This new code name is in line with naming the Zilliqa Testnets after the Durian variety of fruits that is prized for its creamy texture and bittersweet taste. The last Testnet was given the code name of Red Prawn: which is also a durian variety of fruit. D24 will unveil a number of new exciting features such as a working environment for developers to begin testing out the new platform that uses the Scilla programming language to build more secure and efficient smart contracts.

This means that as we enter the third quarter of 2018, there will be two prominent projects that have a working Testnet or Mainnet platform. These are the projects of Tron and now Zilliqa. This will in turn make the development of decentralized applications more exciting for each offers its own unique set of developer friendly traits.

The release of the Testnet has made it possible for ZIL to rally by 20% in the last 24 hours. ZIL is currently valued at $0.0728 with the rest of the crypto markets showing some recovery from previous low levels seen early Friday morning.  Bitcoin is currently trading at $6,335 and up 7% in the last 24 hours. This in turn has assisted the total crypto market capitalization to rise to levels of $253.7 Billion from recent lows of $236 Billion.