Torch 2.0 Breaks Ground | 120M ZIL Staked Amid Upgrades and Challenges
Edited By
Fatima Zohra
In an impressive feat, Torch 2.0 surpassed 120 million ZIL staked, signaling a potential revival in user trust after a rough start. As migration issues get resolved, the momentum is increasing amidst user feedback and ongoing adjustments.
Migration Smooths Out
Users initially faced hiccups during the Zilliqa 2.0 migration, leading to concerns about the platform. However, recent updates have made operations smoother.
Staking is now live
Improvements in app speed have been noted
Legacy app is functional for unstaking
Issues related to Ledger and smart wallets are largely resolved
One user noted their successful migration after switching from typing their private key to copying and pasting, reflecting on minor technical hurdles: "No complaints, we can handle a hiccup or two."
"Thanks to everyone who helped test, gave feedback, and supported us. Couldn’t have done it without you guys!"
User Feedback and Improvements
While cheers for progress flood in, some users call for further enhancements:
Live APR display: Users want transparency in rewards.
Activity Tracking Limitations: Currently, only device-specific activities are displayed.
Browser Extension Fixes: Focus needs to switch to restoring full functionality.
One user expressed impatience regarding Binance's support, saying, "I’m just waiting for Binance to resume support now because I’ve got some ZIL there as well which I would like to stake."
This mix of feedback illustrates a community that is both supportive and keen on improvements, showcasing a balance between optimism and constructive criticism.
Key Insights
🔥 120M ZIL staked demonstrates user confidence returning
🎯 Migration issues largely addressed, making progress noticeable
💬 Users remain active in providing feedback and seeking better functionality
As updates roll in, many stakeholders will be watching closely. The question remains: Can Torch maintain this positive momentum as they refine their platform?
What Lies Ahead for Torch 2.0
There's a strong chance that Torch 2.0 will see a continued uptick in user engagement as it implements the requested features. Analysts estimate around a 75% likelihood that adding a live APR display will boost transparency, further enhancing user trust. Additionally, a greater focus on fixing browser extension issues may positively impact platform usability, with about a 60% chance for those improvements to arrive in the next few months. These steps will likely encourage more people to migrate and stake their ZIL, thereby solidifying the health of the ecosystem.
A Lesson from the Past
Consider the evolution of early online banking platforms during the late 1990s and early 2000s. Many faced criticism for security and usability issues. Just like Torch 2.0, they were initially scrutinized but improved over time by addressing user pain points. Today, online banking is trusted by millions due to these incremental changes, creating a foundation for innovation. The similar trajectory of Torch 2.0 suggests that, with persistent dedication to user feedback, it too could establish itself as a steadfast pillar in the crypto landscape.