Zilliqa (ZIL) the smart contract blockchain celebrated the second year anniversary of its launch on June 18. The blockchain platform had promised new innovations during its anniversary release and it looks like the first round of developments has begun.
Hybridverse To Develop Stablecoin Hybrid Euro (HEUR) On Zilliqa Blockchain
Hybridverse announced that it was set to build its stable coin called Hybrid Euro (HEUR) on Zilliqa blockchain.
Hybridverse is a stable cryptocurrency platform service which has already begun to make grounds in the blockchain industry. The firm prides itself as a multi-level payment platform that allows users to interact with merchants in an easy way.
The payment platform works as an exchange which provides a secure, accessible public system that combines the merits of cryptocurrency and the simplicity of fiat currencies.
Hybridverse revealed in their medium page that the company aims to provide a decentralized Euro backed Stablecoin. This stablecoin (HEUR) would be used for trading and cross border transactions.
It would also feature protocols that would ensure faster transactions and independence unlike other fiat backed cryptocurrencies.
Zilliqa (ZIL) Emerged As Hybridverse Choice due To Sharding Technology
Hybridverse explained why Zilliqa was chosen to build this stablecoin. According to their post Zilliqa won their trust as it is the first and only blockchain platform to implement Sharding technology on its blockchain.
They said that before falling on the choice of Zilliqa, they had researched other blockchain platforms for security, transparency, Scalability, transaction fee cost and decentralization.
Zilliqa was the only blockchain that satisfied their requirements. One major point highlighted by Hybridverse was the number of nodes. Zilliqa has 2400, nodes which is two times the number of TRON and 99 times that of EOS which made it this perfect platform for Hybridverse new stablecoin.
Zilliqa (ZIL) Is An Attractive Platform For Developers
Hybridverse announcement is a big plus for Zilliqa as the blockchain platform has made it known of its intention to become a leading platform for the development of digital assets.
The blockchain smart contract functionality which was launched last week has made it an attractive prospect for developers with its use of Scilla programming language.
Scilla is a programming language developed by Zilliqa fo smart contracts and is intended to be an innovative change to its blockchain. Scila makes building smart contracts less complex while retaining robust security features.
Zilliqa is also one of the cheapest blockchain platforms. ZIL transaction cost is $0.000023USD which is several times less than Bitcoin and Ethereum.
It would be interesting how Hybridverse Euro (HEUR) would fare in the market when it is released as USDT is the dominant coin in the stablecoin niche.