Zilliqa is a safe blockchain network, and many of its peculiarities are similar to Ethereum. The main difference is the absence of a strict limit on the quantity of transaction within a second. Zilliqa’s own token is used for the services provided by the nodes. At first, ZIL was issued on Ethereum base, but after the creation of Mainnet Zilliqa will switch to its own crypto money. Zilliqa monetary unit is ZIL. It is the token of the world's first high-bandwidth platform that is capable to cope with thousand transactions in just a second. It is based on a new protocol that makes transaction performance efficient with network growth.
Actually, there are no restrictions on the quantity of the transaction that this network can manage during a certain period of time. The platform also supports the creation and use of smart contracts.
The publication of the White Paper of the Zilliqa project took place on December 5, 2017.More than 15 creators were engaged in the project: developers, advisors, and specialists in other areas. The key figures are Xinshu Dong, Ph.D., Freedom of the International University of Singapore; Pratik Saxena, Ph.D., Chief Scientific Advisor, graduated from the University of California, specializes in computer science research; Kristel Kvek, head of marketing, co-founder of pin8cle.
Zilliqa (ZIL) features
The cryptographic technologies enable Zilliqa to considerably increase the operation amount performed per second in direct proportion to the growth of network nodes.
At the dawn of cryptocurrency, this was considered quite natural and easily achievable, but in practice, it turned out to be much more difficult from a technical point of view. And in fact, it is almost impossible if we use a variant of the blockchain and algorithms that are characteristic for Bitcoin and Ethereum.
To achieve this level of performance, Zilliqa uses a special ‘sharding’ technology. It establishes a linear relationship between network bandwidth and its size. For example, if we take a network consisting of a thousand nodes, the Zilliqa technology will break it into 10 shards, 100 nodes each, which can perform transactions parallelly with each other. If one shard can perform 10 transactions per second, then together they all can manage 100 transactions per second. To ensure greater standardization of the service, the authors of Zilliqa introduced Scilla, a new programming language.
The cost of Zilliqa (ZIL) today is $ 0.02122810, and the turnover for 24 hours is $ 53 771 212. Now 9.1 billion is in circulation, a total number of coins is 12, 6 billion. The most active exchange on which the exchange Zilliqa is Binance.
Latest achievements of Zilliqa:
In January Zilliqa started cooperation with Maicoin creating Hg Exchange. The new marketplace is designed to be a universal solution for issuers of tokens, sellers, buyers, market makers, giving them access to tokenized securities and shares of the largest companies (Uber, Airbnb, etc.). It is a powerful marketing step to coin growth.
On January 31, the general director and co-owner of Zilliqa Xinshu Dong announced the launch of the own network Zilliqa (previously, the project operated on the Ethereum platform). Zilliqa has become the first public blockchain which successfully implemented sharding technology to increase network scalability. Zilliqa has quite a good potential for further growth. The rate of ZIL is low now, but in the future, it can grow. The developers promise that the network will solve the problem of insufficient bandwidth, which affects all major cryptocurrencies.
The Zilliqa project advantage is that it was worked out by professionals who managed to show themselves well in the fields of cryptography, electronic security, banking, and a number of other areas. It is worth noting that Zilliqa has attracted many investors. But it is still an open question of whether to invest in this project. The price of ZIL tokens is rather low. But if the developers keep their promises, the coin cost can rise drastically. And the project may become the main opponent for Bitcoin and Ethereum.
Atomic Wallet makes it possible to proceed with ZIL transactions quickly and enables you to fully control your money as it safely stores private keys in encrypted form on your device, no matter what you are using. This is a decentralized multi-currency wallet, which is known in the crypto-community for supporting more than 300 coins. Atomic Wallet is not just a cryptocurrency wallet, but also a strong ecosystem with many features. This wallet is well known for its simplicity, convenience, intuitive interface, and security.