Do repost and rate:
Back in 15 Feb 2020 when Zilliqa closed the token swap process of ERC-20 ZILs into mainnet ZIL, approx 1.02% of the max supply of ZIL(21 BILLION) remained unswapped and got frozen in Ethereum blockchain.
But that is about to change as ZILLIQA is buliding a solution to recover the unswapped ZILs into mainnet. A bridge will be built between ETHEREUM and ZIL chain, this bridge will also allow other ERC-20 assets as well aa ETHEREUM to be moved over to the ZILLIQA chain.
Here is quick update about the ongoing process-
- All needed constructs are added in Scilla. (Done??)
- Writing of key ZILETHManager contract in Scilla. (Done ??)
- First round of contract testing. (Done ??)
- Add all needed primitives at the protocol layer. (Done ??)
- Build the ZIL-Polynetwork 2 relayer.(on process?)
- End to end integration. ( On process?)
- Extensive internal testing. (??)
- Launch on testnet and public testing. (After internal testing ??)
- Launch on Mainnet. (??)
