The much-awaited Zilliqa mainnet launch is set for tomorrow, January 31st. While the lead up to it hasn’t created FOMO in Zilliqa, there is still so much to look for, post the mainnet. This transition from the Zilliqa blockchain to the Zilliqa blockchain will lead to an increase in the fundamental value of the Zilliqa blockchain. That’s because, the Zilliqa blockchain has a number of powerful capabilities that will see it easily gain adoption both at the mainstream corporate market, and by small businesses.
For starters, the Zilliqa blockchain brings with it reliable smart contracts. Zilliqa’s smart contract language is Scilla, and it eliminates most of the vulnerabilities that come with smart contracts. It also allows for their formal verification. This is a big deal for the adoption of the Zilliqa blockchain.
Firstly, it makes Zilliqa attractive for industries where smart contract correctness is an essential requirement. For instance, Dapps aimed at the finance industry need to be correct at all times. Otherwise, no one would use them, since the risk of money loss outweighs any benefits that would accrue from such smart contracts. As such, Zilliqa stands a realistic chance of making it big in this market, and it’s a big deal.
The global finance industry is worth trillions of dollars, and if Zilliqa captures just a tiny fraction of it, with its smart contracts, the intrinsic value of Zilliqa (ZIL) would rise significantly too. The best part with formally verifiable smart contracts is that, there are many other industries that Zilliqa smart contracts could dominate, the most notable one outside of finance being the global real estate market.
On top of having a fundamental strength from its verifiable smart contracts, Zilliqa (ZIL) has strong corporate ties both in Asia, and other key markets such as the United States. Some of the most notable Zilliqa partners so far include Mindshare and Media math among others. A company like Mindshare has thousands of employees, and a client list that includes companies that include PepsiCo, GSK among others. With such partners, and secure formally verifiable smart contracts, Zilliqa (ZIL)’s future looks bright after the mainnet launch. These partners could be the catalyst that draws other corporations to Zilliqa (ZIL), and could see its value rise significantly going into the future.
With all these factors at play, Zilliqa (ZIL) could see its value rise significantly this year. It could get an even bigger boost if the entire market turns bullish this year. Signs of such a scenario playing out are already there. That’s because, Bitcoin (BTC) seems to be holding up firmly above the weekly 200-day MA at $3200. If this is indeed the bottom for Bitcoin (BTC), then 2019 could mark the beginning of the next Bull Run. As in the past, Bitcoin (BTC) turning bullish will pull the altcoins market with it. For fundamentally strong cryptos like Zilliqa (ZIL), a bullish market could see its price run up significantly.
