Zilliqa (ZIL) is a cryptocurrency launched in 2017. Users are able to generate ZIL through the process of mining. Zilliqa has a current supply of 20,169,347,290.15204407 with 19,483,391,864.442043 in circulation. The last known price of Zilliqa is 0.01302915 USD and is down -23.88 over the last 24 hours. It is currently trading on 368 active market(s) with $61,170,838.60 traded over the last 24 hours. More information can be found at https://www.zilliqa.com/.
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The Zilliqa team announced service resumptions on January 16 after disruptions that affected synchronizations, preventing transactions from “reaching the blockchain for processing.” Meanwhile, the team guaranteed user funds safety during the downtime, urging them to use the on-chain navigator ViewBlock.io to verify balances.
TL;DR Monthly Halving of Mining Rewards: Starting October 2024, Zilliqa will reduce mining rewards by 50% each month, aiming to align miner incentives with the upcoming Proof-of-Stake (PoS) transition. Community-Driven Decision: The halving mechanism was approved by a decentralized governance vote, with 97% of gZIL holders supporting the change, reflecting strong community commitment.