Zilliqa (ZIL) - the solution for the ever-growing crypto market!

By PVM | Mind Puzzle | 27 Jun 2020


Over the last days almost everyone was talking about Compound, BAL and Zilliqa. With most off the attention and covering on the first two, the third one drew my attention, due to the low price and innovative concept. The Zilliqa block-chain platform is tailored towards enabling high-throughput data-driven decentralized apps, designed to meet the scaling requirements of applications in areas such as digital marketing, payment, shared economy and rights management.

What is Zilliqa?

Zilliqa is a new public block-chain platform for high-throughput applications, which brings the theory of sharding to practice with it's brand new and innovative protocol. As the crypto market expands, Zilliqa will increase the speed of transactions to match the expansion, offering a high-performance, high-security platform for the next-generation applications. The enterprises and those who wish to build decentralized applications will find in Zilliqa the  perfect scalable and secure platform.

The latest block-chain experiment proved that the Zilliqa platform achieved a throughput of more than 2,800 transactions per second, which is over 200 times higher than that of today's most popular block-chains. In addition to its scalability, Zilliqa provides a secure and efficient smart contract language called Scilla to enable security-by-design smart contract programming and verification. 8f91b4598f77a55a1599dbe145ccc4d4eab53fee39cd45de38b5236977409e5a.png

Zilliqa - behind the scenes

The Zilliqa project is backed by a team of tech entrepreneurs, academics, senior engineers and venture capitalist.  The block-chain technology has been first incubated at the National University of Singapore, and then developed for commercial trials, before being applied to Zilliqa’s public blockchain platform. The project was the first public block-chain platform in the world to successfully utilize sharding as a scaling solution, allowing the block-chain to scale in a linear fashion.

The MainNet was launched on 31st of January 2019, followed by Token Swap and Anchor DApps. For the rest of 2019, the tech team enhanced the core protocol and Scilla. The investment platform Fundnel teamed up with Zilliqa to create a private investment exchange in Singapore. HG Exchange was the first member-driven exchange in Southeast Asia, acting as a bond between leading financial intermediaries and technology innovators. 

Over 60 project teams from over 20 countries have contributed to the Zilliqa's ecosystem. The whole Zilliqa  platform is powered by the first peer- reviewed and safe-by-design smart contract Scilla, and by using functional programming design principles allows it to be more friendly towards static checks and formal verification.  The ecological footprint of mining was been reduced using Eco-Friendly Dual Mining. Zilliqa Improvement Proposal (ZIP) 3 outlines the details of the staking service that is currently being built for the core protocol.

f654665a0c8f019ed483bb4498fe4ecdf7e6b676efcf1c3d3a06bf5eb1dc2d90.png

 

How sharding works?

Sharding is one of several popular methods being explored by developers to increase transactional throughput. The sharding will use partitioned data to spread out the computational and storage workload across a peer-to-peer (P2P) network. The process will reduce the pressure on nodes, and share the network's transactional load to multiple nodes in the same time. Each node only maintains information related to its partition, or shard, and the information will be completed when the fragments will be collated. The information contained in a shard can still be shared among other nodes, which keeps the ledger decentralized and secure because everyone can still see all the ledger entries. 

HILHive

Zilliqa compiled many tools under a single name - ZILHive. The Hive unites all the Zilliqa initiatives, the accelerators, grants and educational programmes under the same roof, opening the door to gifted people to join the project. The platform offers a supported, resource-based library for developers, learners and enthusiasts, which aims to inspire the community and drive enterprise adoptation of lockchain.zilliqa_website_zilh.gif 

Meet the team

21ecd6b4c09c8980e62e99d4cac88c23f4591a1826347f8f1d026a0b596f1882.png

Zilliqa price, analysis and forecast

The current price per unit is $0.019, making Zilliqa a cheap investment option. The token is ranked 41st in the Market Cap Rankings, and the All-Time High was achieved on the 10th of May 2018, at $0.230307. The All-Time Low was reached three months ago, on the 13th of March, when the value dropped at only $0.0024. 75421cefc35df85ff9eb369a260ce086e88456625acdafd0fcb5196649da95ac.png

The Zilliqa circulating supply is just over 50%, with lots still to be mined. The token is available for sale on Binance, Bittrex, Huobi, Bitfinex, Okex, Poloniex and Kucoin.

 409fc474a330d0b9c30e9a80f6f4f9d2c433f296d7ae3a83b94b10f493866e03.png

The price forecast is positive, with a growing trend prediction for 2021 and 2022. Similar to many new tokens, backed by an innovative project, Zilliqa will keep growing and gain force with any new partnerships obtained by the Zilliqa Project.eee0b341e307a3a52709cfb12abc667ea535c29c59090be6471312bbde9cdc82.png

Conclusion

As usual, I am talking and sharing my opinions on projects which I believe to have a big chance to be successful ones. As I said above, such a small price makes Zilliqa a good option for long term investment. I started with a small investment, about 15 GBP ($16.73), and bough 1000 Zilliqa. The amount will rise monthly, considering adding 1000 more units every payday. The project is solid, and the growing market needs Zilliqa more than Zilliqa needs the market.36f23e3f5f843f16e10b6cdf6cccbc2e9d31f1df00f352ad0831487d38dc404a.jpeg

 

Links and referrals:

Zilliqa official

Zilliqa Price prediction

Wallets

Binance

Coinbase

Atomic Wallet

Quality Faucets:

Horizen (ZEN)

Tezos (XTZ)

Free-Litecoin.com (LITECOIN)

Stakecube (claim over 20 coins daily)

The Crypto Faucet (SioCoin, Verge, Doge)

MoonDash.co.in (DASH)

MoonBitcoin.Cash (Bitcoin Cash)

MoonDoge.co.in (Doge) 

MoonLiteco.in (Litecoin) 

Moonbit.co.in (BTC) 

Freebitco.in (BTC)

My author page: PV Mihalache

Join Publish0x to earn crypto (Dai, BAT & Loopring) while you read or write!

Join Lbry.tv to earn crypto or follow my wellbeing channel

* If you decide to join any, please consider using my referral link

How do you rate this article?

106


PVM
PVM Verified Member

UMA Ambassador 🐔 Across Committee Member 🌉 Horizen Ambassador


Mind Puzzle
Mind Puzzle

Think! ... it's still free! An amalgam of cryptocurrency, science, arts, news and other manifestations of human intellectual will be published on this blog. Sometimes I will add my personal opinions or midnight revelations

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.