Bittime - Fireblocks has announced support for Zilliqa (ZIL) allowing customers to store ZIL tokens in Fireblocks Vault.
Fireblocks' move aims to provide better security and ease in managing digital assets, especially for corporate customers who want to trade ZIL safely and efficiently.
Fireblocks Platform Fame in Crypto World
Fireblocks is a leading digital infrastructure platform for storing, moving and issuing digital assets, continuing to innovate by adding various blockchain supports.
This latest integration expands the list of protocols supported by Fireblocks, which now includes more than 40 popular protocols in the blockchain ecosystem.
Also Read: Latest Zilliqa Upgrade: Interesting Facts about the v9.3.4 Update that You Must Know!
According to reports from, Fireblocks users can now store ZIL tokens within the Fireblocks Vault and transfer ZIL over the Fireblocks network. This means corporate customers can carry out ZIL transactions more easily and safely.
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What Are Fireblocks and Zilliqa (ZIL)?
Fireblocks is an enterprise-class platform that provides a secure infrastructure for moving, storing, and issuing digital assets.
Fireblocks enables exchanges, asset custodians, banks, trading desks and hedge funds to secure and manage their digital asset operations through patented SGX and MPC technology.
Since its founding, Fireblocks has secured the transfer of more than $4 trillion in digital assets and offers unique insurance policies covering assets in custody and transit.
Also Read: Crypto Hiring: Fireblocks Reduces 21 Employees
Zilliqa (ZIL) is a public blockchain designed for high scalability and fast transactions. Zilliqa uses sharding technology to divide the network into multiple shards that can process transactions in parallel, thereby increasing the network's overall transaction processing capacity.
With the ability to handle thousands of transactions per second, Zilliqa is suitable for applications that require high throughput such as digital payments and complex smart contracts.
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Fireblocks Security System Guarantees Zilliqa (ZIL) Security
With the addition of support for Zilliqa, Fireblocks provides the infrastructure that enables fast and secure ZIL transfers.
Corporate customers such as financial institutions, exchanges, and trading platforms, can now leverage Fireblocks' advanced technology to manage and secure their digital assets.
Source: https://x.com/zilliqa/
Fireblocks uses patented SGX and MPC technology to ensure high levels of security, so stored and transferred assets remain protected from cybersecurity threats.
Fireblocks also offers a variety of additional features such as highly secure cold storage services, staking capabilities via the staking SDK , and the Fireblocks policy engine that helps manage task segregation.
All of these features are designed to provide convenience and security for users in managing their digital assets.
Positive Impact on the Zilliqa Ecosystem
This new support not only benefits Fireblocks users but also has a positive impact on the Zilliqa ecosystem as a whole. With safe and efficient infrastructure, ZIL adoption among institutions and corporations is expected to increase.
This also opens up new opportunities for Zilliqa to develop in the DeFi sector and other blockchain-based applications.
Additionally, this integration allows Fireblocks users to explore and develop more custom and scalable blockchain solutions according to their needs.
With support for ZIL, users can run their digital operations more flexibly and securely, making Fireblocks the top choice for institutions looking to adopt blockchain technology.
Conclusion
Fireblocks support for Zilliqa (ZIL) is a significant step in strengthening the security and ease of management of ZIL digital assets. This integration demonstrates Fireblocks' commitment to providing innovative solutions that meet market needs and raise security standards in the digital asset industry.
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DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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