Zilliqa 2.0

🔸 Zilliqa 2.0: Upgrade, Tokenomics, and Fee Burning

Zilliqa 2.0 marks a major evolution of the network, shifting from its original hybrid PoW + pBFT consensus to a fully Proof-of-Stake (PoS) system. The upgrade enhances scalability, reduces energy consumption, and introduces new tokenomics with a fee-burning mechanism

Key Changes in Zilliqa 2.0

1. Consensus Upgrade

Old: Hybrid PoW + pBFT.

New: Full PoS with sharding for high throughput (thousands of TPS).

More energy efficient and scalable.

2. Tokenomics

Max Supply: Fixed at 21 billion ZIL (hardcoded).

Staking Rewards: Validators/delegators earn from non-burned transaction fees and protocol-defined rewards.

Future: Once maximum issuance is distributed, rewards rely fully on transaction fees.

3. Fee-Burning System

A portion of every transaction fee is burned, permanently reducing supply.

Remaining portion is given to validators and stakers.

This ensures a deflationary effect over time.

4. Impact on Users

Token Holders: No action needed; balances migrate automatically.

Stakers: Must restake under the new PoS system.

Developers: Benefit from faster, cheaper, and scalable transactions.

Conclusion

Zilliqa 2.0 introduces a modern PoS model, deflationary tokenomics, and improved scalability, positioning it as a strong competitor among next-generation blockchains. The combination of fee burning + fixed supply makes ZIL increasingly scarce while incentivizing validators and securing the network.

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