Key Takeaways:

1. Zilliqa is one of the top blockchain platforms out there, with game-changing sharding technology that boosts scalability and speeds up transactions.
2. The platform uses its own smart contract language, Scilla, which focuses on security, reducing vulnerabilities to make decentralized apps safer.
3. The 2024 release of Zilliqa 2.0 brings even more upgrades, like customizable x-shards, a shift to Proof-of-Stake for energy efficiency, and cross-chain compatibility for seamless blockchain integration.
4. You can join the Zilliqa community by buying or swapping ZIL on ChangeNOW — no registration, low fees, and super easy!

Introduction to Zilliqa

Zilliqa is a leading blockchain platform that's solving big problems like slow transaction speeds and scalability issues. Launched in 2017, it has become a key player in Web3 development, all thanks to its unique design and focus on making the blockchain faster and more scalable.

Fun fact: Zilliqa was the first blockchain to bring sharding to its mainnet, boosting both speed and efficiency compared to many others.

What Makes Zilliqa Unique?

Sharding Technology: A Real Game-Changer

Zilliqa's secret weapon is sharding technology. Sharding breaks up the network into smaller groups of nodes, called shards, allowing transactions to be processed simultaneously. This means Zilliqa can handle thousands of transactions per second (TPS), fixing the scaling issues that slow other blockchains down. As the network grows, Zilliqa actually speeds up — pretty cool, right?

Scilla: A Smarter Way to Do Smart Contracts

Zilliqa uses its own smart contract language called Scilla, which stands for Smart Contract Intermediate-Level Language. It’s all about security—reducing bugs and making contracts easier to verify. So, whether you’re building or using decentralized apps, Scilla makes things a lot safer for everyone.

Zilliqa’s Role in Web3 Innovation

Gaming and Entertainment

Zilliqa is making moves in the gaming world by powering decentralized applications (dApps) and play-to-earn games. With Web3 on the rise, Zilliqa offers a scalable platform for developers to create engaging and rewarding gaming experiences. Plus, its fast transaction times and top-tier security make it perfect for games, where every second counts.

Decentralized Finance (DeFi)

Zilliqa is also making waves in decentralized finance (DeFi). Since DeFi relies on a secure and fast blockchain, Zilliqa’s sharding tech is a perfect match. The platform already supports a bunch of DeFi projects, from lending platforms to decentralized exchanges (DEXs), making it a strong player in the space.

Why You Should Consider ZIL

Zilliqa 2.0: What’s New?

In 2024, Zilliqa is in the process of rolling out its highly anticipated Zilliqa 2.0 upgrade, aimed at bringing even more speed, efficiency, and scalability to the platform. On September 12, Zilliqa announced the launch of the Jasper testnet prototype for Zilliqa 2.0. The testnet is now open to the public and is designed to provide a more efficient and scalable blockchain solution, making Web3 as user-friendly as the traditional internet. The mainnet for Zilliqa 2.0 is expected to launch in Q4 2024.

1) X-Shards: Customizable and Scalable

With Zilliqa 2.0, x-shards were introduced — an improved version of sharding that gives developers the power to customize shards for their dApps. This means shards can be tailor-made for different apps, making the blockchain more efficient and adaptable for a wide range of use cases.

2) Consensus: Faster, Greener, and More Efficient

Zilliqa has switched from Proof-of-Work (PoW) to Proof-of-Stake (PoS) in Zilliqa 2.0. This makes the network faster, cheaper, and more energy-efficient. Validators stake ZIL to secure the network and earn rewards for keeping everything running smoothly. Users can also delegate their ZIL to validators and earn a piece of the pie.

3) Smart Accounts: Better User Experience

Smart accounts were also introduced in Zilliqa 2.0. These accounts come with advanced features like multi-factor authentication and dApps that can cover gas fees, improving both security and user experience. You can even set up shared accounts or whitelist certain addresses for extra protection.

4) Cross-Chain Communication: Multi-Chain Flexibility

Zilliqa 2.0 added a Universal Cross-Chain Broker (UCCB), which makes it easy for Zilliqa to interact with other blockchains like Ethereum. Developers can now build multi-chain apps, making cross-chain bridges and atomic swaps a reality.

5) Light Clients: Easier and Cheaper

Thanks to light clients, Zilliqa 2.0 allows users to interact with the blockchain without having to store the entire ledger. This reduces infrastructure costs and makes it easier for people to get involved with the network.

6) Tokenomics: Smarter Staking Rewards

Zilliqa 2.0 revamped its tokenomics to make staking more sustainable. Validators still earn solid rewards, but ZIL inflation is kept under control. The platform may also introduce state rent in the future to help manage on-chain data storage, making the ecosystem even more sustainable.

How to Buy/Swap ZIL on ChangeNOW

Want to be part of the Zilliqa community? You can buy or swap ZIL on ChangeNOW. It’s quick, easy, and no complicated processes are involved. Just head to ChangeNOW, pick your currency, and you’ll have ZIL in no time!

Zilliqa’s unique approach to tackling scalability and security issues makes it a standout blockchain platform, especially as Web3 keeps growing. Whether you’re into gaming, DeFi, or just want a secure and fast blockchain, Zilliqa has something for you!