A zillion reasons to stake ZIL

A zillion reasons to stake ZIL

By I-HODL | A Crypto Journey | 15 Sep 2021


Okay, maybe I don't have a zillion reasons, but guys, listen, you've got to stake your ZIL coins. Staking this coin on Atomic wallet can earn you up to 13% returns. What are you waiting for?

Okay, so here's the scoop.

Introducing Zilliqa

Zilliqa

Ethereum 2.0 may soon introduce the process of sharding to the largest altcoin by market cap, but when it does so, it won't be the first to have successfully done so.

Zilliqa is the world's first public blockchain platform to successfully utilize sharding as a scaling solution.

Sharding is  the process of splitting up the blockchain network into separate shards. This process helps to reduce a blockchain network's latency. As a result, more transactions can be processed per second. Zilliqa currently boasts approximately 2,400 to 2,800 transactions per second compared to ETH's 15 transactions per second.

Zilliqa's cool points don't end there.

Here are some features associated with Zilliqa which makes this project an exciting one to support.

Key Zilliqa features

It's scalable, fast, decentralized and secure.

It's affordable

At the time of publishing, Zilliqa's ZIL token was trading at approximately $0.10, extremely cheap, and profitable. It also accommodates micro-transactions.

Offers excellent returns on investment

I got in at $0.05 in July and doubled my investment. This does not include the benefits to be earned from staking Zilliqa, currently as high as 13% returns on some wallets. 

Has low transaction fees

At $0.02, the cost of transaction is absolutely negligible

Has a unique programming language

To set themselves apart from their competitors, the Zilliqa team also developed their own programming language, Scilla, allowing developers to make secure smart contracts using this language. 

Now, I'm going to be honest. There are a number of other cryptocurrency projects that also already use sharding successfully, and which are affordable, offering high returns on investments and with low transaction fees. Zilliqa, however, has set itself apart with Scilla. And, of course, you have to love the staking returns. 

So guys, if you're holding Zilliqa, don't sleep on your coins. Stake them! Though you should probably know that once they are staked, it might take about 14 days before you can access them again. 

Oh, and by the way, just so you know, I am NOT qualified to give you guys any financial advice. Please, DYOR!

 

Crypto-Lexicon

Staking: As defined by Binance, staking is the process of temporarily freezing a token in a cryptocurrency wallet to support the operations of a blockchain network. In exchange for doing so, you receive rewards. 

 

All right, I'm gonna head out now. I hope you guys enjoyed this article. Until the next one, please be safe!

 

 

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I-HODL
I-HODL

Navigating the ebbs and flows of crypto trading, and writing about it.


A Crypto Journey
A Crypto Journey

Shiver me crypto! There's nothing more exhilarating than navigating the ebbs and flows of crypto trading. I have sea legs today, but truth be told, I've been lost at sea more than I care to remember and I have weathered quite a few storms as a trader. But the crypto-verse has also rewarded my resilience, and so after every dip, I get right back to sailing in pursuit of me buried treasure. I love this digital evolution and am proud to be a part of it. These are the tales of a crypto adventure! 

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