The post Zilliqa Community Passes Proposals to Curtail ZIL Inflation, Optimize Sharding appeared on BitcoinEthereumNews.com.

Key highlights: The community voted to optimize Zilliqa’s sharding setup by retiring some underutilized shards. Miners approved balancing how mining prizes are doled out so slower rigs get a fair shake too. Managing the token supply actively is aimed at avoiding crazily spiking or plunging prices like you see at the grocery store during extreme sales. With change on the horizon for Zilliqa, its dedicated community has voted resoundingly to pass four exciting new proposals through the project’s decentralized governance system. These proposals could help refine Zilliqa’s mining payouts, address network sharding, and even put inflation on a short leash. Let’s take a closer look at what upgrades may be in store for this hardworking blockchain. Changes are coming to rewards and sharding on #Zilliqa! 2 major proposals have passed through governance, introducing active reward control and removing unnnecessary shards ahead of the launch of more efficient sharding with Zilliqa 2.0. Find out more about these upcoming… pic.twitter.com/ByoqsZAP1a — Zilliqa (@zilliqa) November 10, 2023 Streamlining sharding to boost efficiency Proposal One aimed to optimize Zilliqa’s current sharding setup, which has seen some shards lying dormant more often than not. As any IT worker knows, idle resources are wasted resources. With these empty shards just sitting there taking up space, blocks were slower to form than they could be. Thankfully, the community agreed in near unanimous fashion to temporarily retire these sleepy shards. This should pick up the pace of new blocks and reduce costs for nodes in the process. Picture a highway with closed lanes during off-peak hours- less congestion and smoother sailing for all. With any luck, Zilliqa’s performance gets a nice little tune-up as these changes take effect. Fair play for all miners Proposal Two sought to even the playing field among miners by rebalancing how rewards are…

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Filed under: News - @ November 13, 2023 1:16 pm