Zilliqa Bull Run May Start After Price Correction – Zilliqa New Address Format – Will Zilliqa Go Up?

Bitcoin’s slight break that made it continue swinging between $7,500 and $8,200, has made investors doubt if the digital asset market has ignited its bull run. There are concerns regarding whether or not we will see the bottom at this point. But for Zilliqa, things are different.

One of the tokens that have managed to stage a remarkable price action this season is Zilliqa. The price of Zilliqa has managed to rally upwards in the last few days. Zilliqa price prediction 2019 is also quite bullish.

Zilliqa which currently ranked number 45 among the biggest digital assets by market cap began the day trading in the green zone. This has been the trend for the price of Zilliqa in the past few days. It appears it will remain on the upside for some time.

Zilliqa Price Prediction

After the huge price dip for cryptocurrencies (during the extended bearish season) in quarter one of 2018 to the early part of 2019, the digital asset market has since been trying to return to its previous shape.  What is Zilliqa price forecast?

Zilliqa (ZIL) Price Today – ZIL / USD

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The price of Zilliqa has broken out of from the restraining force in the bearish zone. The asset class is looking to retest the top. As of the time this content was published according to data given by coin market cap the price of Zilliqa was at $0.020582.

Zilliqa News Today – Zilliqa Moves to New Address Format

Zilliqa Becomes Latest Cryptocurrency to pass $1 Billion Market Cap

According to the latest ZIL coin news on coinpedia; Zilliqa (ZIL) an Ethereum based cryptocurrency token, announced to change their address format, with an aim to provide a better and convenient user experience.

At present, Zilliqa’s current address format consists of 20 bytes, just like Ethereum and this led to some confusion. Any tokens mistakenly sent to the wrong address would lead to irreversible loss of the tokens. This is because the one address on Zilliqa does not correspond to the same private key on Zilliqa as it does on Ethereum, due to the difference of hash functions used

To resolve this issue, The Zilliqa platform has decided to adopt the BECH 32 encoding instead with a human-readable prefix of ZIL to ensure there is no ambiguity. This will also ensure that all erroneous transactions via any wallets and exchanges will be rejected by both the Ethereum and Zilliqa network.  ZIL announced this with a tweet:

In order to give you a better and more convenient user experience, we have decided to change Zilliqa’s address format to `bech32` encoding. This gives you higher safety that will prevent accidental loss of funds.
For more details, please refer to: https://blog.zilliqa.com/zilliqa-migrates-to-new-address-format-bf1fa6d7e41d  (1/2)

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Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.

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