Zilliqa

ZIL

Zilliqa (ZIL)

Rate in usd

$ 0.02901 (+9.93%)

ZIL (+9.93%)
LOW 24H
$ 0.02619
MAX SUPPLY
$ 405.68 M
HASHRATING ALGORITHM
N/A
BLOCK NUMBER
0
HIGH 24H
$ 0.03101
CURRENT SUPPLY
ZIL 13,984,054,475.8
PROOF TYPE
N/A
BLOCK REWARD
0

The aim of Zilliqa is to create a swifter blockchain that ultimately scales better. Consensus has been speeded up using a sharding approach that supports distributed apps and quicker transaction processing.

Ziliqa was created out of need, because despite Ethereum’s advantages it does not scale well. Ziliqa became the first of many new blockchain 3.0 networks hoping to improve on this shortcoming, which arises because a growing digital ledger takes longer and longer to process. In addition, the extra nodes occupied by processing blocks slows down the process of reaching common consensus. Zilliqa gets around this problem by splitting nodes after there are about 600 on the network. Aiding it further Its Scilla language is scalable too, and throughput increases in line with network growth, and 2000 transactions per second has already been achieved.

Zilliqa has joined forces with Mindshare exploit blockchain in advertising. Ethermon is porting monster battles to Zilliqa, storing Ethermon characters in the costlier Ethereum blockchain.

Zilliqa may have been the initial sharding blockchain but there are plenty of others around now, too. They are all trying hard to be better than Ethereum even while it races to fix its own network problems. Despite such challenges, Zilliqa seems well placed to thrive. It has a strong development team that’s business savvy and, a robust network with active community support and committed partners.

Zilliqa can process transactions as quickly as Visa, and as you might expect, can easily outpace the likes of Bitcoin and Ethereum. Its sharding approach relies on a hybrid PoW consensus model for more efficient mining.

Zilliqa can be traded on several exchanges and shows great performance even as a test net. When it’s been fully developed it could handle Ethereum’s overflow, even if in part and only for a while.

All these elements make Zilliqa a solid project with great potential.