Zilliqa (ZIL): Your Portal To The Blockchain World
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Zilliqa is a public blockchain that addresses the scalability and throughput difficulties plaguing various existing cryptocurrencies, including Bitcoin and Ethereum.
Zilliqa uses sharding to boost transaction speed and build a platform with better scalability and high security by splitting the network into nodes that perform in parallel.Zilliqa is also attempting to build an ecosystem of decentralized applications (dapps) and cryptocurrencies, making it a formidable competitor to several blockchains such as Ethereum, Tron, and EOS.Zilliqa was founded in June 2017 by two National University of Singapore scholars, Amrit Kumar and Xinshu Don.
Zilliqa raised a total fund of $22 million in ETH via its Initial Coin Offering (ICO) of the ZIL token in 2017.The project’s testnet and mainnet were made public respectively in March 2018 and January 2019.The ZIL token reached its all-time high of $0.2563 on May 06, 2021.Zilliqa (Symbol: ZIL) is the native currency of the Zilliqa blockchain.
Formerly launched as an ERC-20 token on Ethereum, ZIL was moved to its blockchain mainnet on 2019.ZIL can be used for fundamental purposes as follows:Aiming to improve the on-chain scalability and support more transactions within the network, Zilliqa operates based on the key components as follows:
Zilliqa possesses the following primary features:
Described as an innovative blockchain platform with high throughput, Zilliqa enables participants to build decentralized apps (dapps) and create smart contracts without facing long-standing issues of earlier blockchain platforms, such as congestion or high gas fees.
The Zilliqa blockchain also employs a sharding technology, leading to a transaction speed around a thousand times quicker than the Ethereum network.According to the latest quarterly report, Zilliqa has gained ground with over 180 partners and projects running on the network, showing its potential to grow in the long run.At the time of writing, the price of ZIL reaches $0.04018, expected to cross $2.03 in 2030. Explore all the trending topics and hottest news in the crypto market with our Blogchain.Meanwhile, practice trading, play virtual money, and earn real tokens with CryptoSim - Virtual Trading Game.