Zilliqa woes

Zilliqa mainnet is down and has been for the last 24 hours due to problems with memory management and contract processing. This state of affairs begs the question…….’How can a decentralised network be closed down’

Mainnet down to my mind IS a big deal but for the Zilliqa team it seems not…

Not a mention on the main website (https://www.zilliqa.com/) a brief Twitter post and this Reddit

Moonlet my wallet of choice at the moment for easy staking all things Zilliqa has the following notice

This notice is conspicuous by its absence when using the chrome moonlet extension.

Aside from today’s problem I have had a minor issue with Moonlet. I have been staking with Moonlet for a while but had not staked my rewards, which had been stacking up. Unfortunately I had not been keeping an eye on my account and did not have enough unstaked Zilliqa to pay the fees in order to claim my rewards.

No problem : as I was thinking of buying more Zilliqa anyway I went to HitBTC and bought a bit…..only to find that withdrawls were locked.

I then realised that instead of buying more Zilliqa to transfer to my Moonlet account I could just used SWAP. That is swap gZIL for ZIL and be able to pay the fees to claim my rewards and compound my stake.

Since writing this post the Zilliqa transactions on the mainnet are now up and running…albeit very slowly. Although this is a knock in confidence for Zilliqa I am still optimistic that this is a just a blip in a project that has massive potential upside. Consequently I shall be experimenting with Zilliqa in the following areas.

Unstoppable domains

Liquidity Mining using ZilSwap

and NFTs

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