Zilliqa to Finalize Zilliqa 1.0 Testnet on May 13th

Zilliqa 1 testnet will stop accepting new transactions at block 7977400 then produce a final empty block 7977588 on May 13th.ZIL InfoZilliqa (ZIL) is a public, permissionless blockchain designed to offer high throughput and secure smart contract execution. Launched in 2017, it was the first blockchain to implement sharding, a technology that allows new blocks to be confirmed in parallel, which significantly increases the number of transactions the network can handle per second. The native cryptocurrency of Zilliqa, also called ZIL, is used for transaction fees and as the 'gas' for executing smart contracts. The project's main aim is to enable new solutions to the scalability problem of existing blockchains, thereby allowing for blockchain technology to be effectively utilized in sectors demanding high-speed transactions, such as digital advertising, gaming, and financial services.