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Zilliqa says it will become an Ethereum Layer 2 for regulated institutions

NewsFeeds update

Zilliqa says nine years as a standalone Layer 1 fell short on usage, capital and liquidity, and recent security incidents showed the cost of running its own chain. It will become Zilliqa Institutional Layer, an Ethereum Layer 2 for regulated institutions, keeping the ZIL token.

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Read the original on ChainCatcher

The story so far: Zilliqa Ethereum Layer 2 pivot

Zilliqa plans to move from a standalone Layer 1 to Zilliqa Institutional Layer, an Ethereum Layer 2 aimed at regulated institutions with vLEI identity checks and a permissioned marketplace, keeping the ZIL token. It says nine years as a standalone chain fell short on usage, capital and liquidity.

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  1. Zilliqa plans Ethereum layer-2 network aimed at regulated institutions

  2. Zilliqa says it will become an Ethereum Layer 2 for regulated institutions

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