Zilliqa (ZIL)

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Zilliqa, launched in 2017, is a project that has received a lot of attention for its technical solutions to prominent issues with current problems with blockchain development including scalability and security.After launching through testnets in 2018, Zilliqa launched its mainnet version in January 2019. 

The Zilliqa network aims to address the aforementioned problems with the sharding technique - an upgrade that the Ethereum project is itself working on. Sharding is a solution to the issue of scalability, and the team states that Zilliqa can achieve 2,488 transactions per second. 

The team have also designed their own language named Scilla. The team claim it is more secure than other programming languages, and will not result in the loss of funds through a smart contract exploit. The last distinct feature of Zilliqa is its consensus algorithm, which is a more eco-friendly variant of the Proof-of-Work algorithm, and also rewards miners in a more distributed manner. 

Zilliqa has also been working on establishing an ecosystem on the platform, stating that they are working on enabling developers to create marketplaces, peer-to-peer trade platforms, exchange mechanisms and much more. The list of ecosystem partners include: Mindshare, a dapp that addresses issues with digital advertising; and Bluzelle, a high security decentralized database. The team also offers grants to developers to help them build new applications.

Zilliqa is currently focusing its development efforts on 3 major initiatives: improvements to the core protocol, enhancements to the Scilla development language and support for higher level languages. These milestones are slated for completion by the end of 2019.

In this tag, read Zilliqa (ZIL) news, price predictions, opinions and analyses created by users.


What is Zilliqa (ZIL)?

18 Dec 2023 5 minute read 0 comments Guarda Wallet

Zilliqa is the world’s first public blockchain network, with the capacity to handle thousands of transactions per second. In addition, its unique protocol enhances transaction rates as the network develops using sharding. Zilliqa History T...

The Evolution of Web2 and Web3: Accepting ZIL Payments and Streamlining Workflows with NOWPayments’ Subscriptions API for Zilliqa

26 Jun 2023 5 minute read 1 comment NOWPayments

Accept ZIL payments The digital landscape has undergone a significant transformation in recent years, with the emergence of web3 technologies promising a decentralized and secure internet experience. While web2, the current version of the intern...

Building on Zilliqa: Benefits, Tools, and Spotlight on ZIL Payments API

25 May 2023 4 minute read 1 comment NOWPayments

Accept ZIL payments Zilliqa is a revolutionary blockchain platform that allows developers to create high-speed and secure decentralized applications (dApps). With its unique sharding technology, Zilliqa solves the issue of blockchain scalability,...

PROS and CONS of Zilliqa

23 May 2023 1 minute read 0 comments Domifidsch

1.Scalability: Zilliqa is designed to offer high scalability by utilizing a sharding technique. It divides the network into smaller groups of nodes called shards, enabling parallel processing of transactions. This allows Zilliqa to handle a large num...

Zilliqa Integrates Ethereum Virtual Machine for Seamless Cross-Chain Development

17 Apr 2023 4 minute read 0 comments busyjordy

The Zilliqa blockchain has recently announced that it is bringing the Ethereum Virtual Machine (EVM) to its mainnet, which has excited many in the blockchain world. This upgrade is expected to take place on 25 April and naturally, it’s one that creat...

How Zilliqa’s EVM Compatibility is Making ZIL Payments Accessible to All

12 Apr 2023 5 minute read 1 comment NOWPayments

Accept ZIL crypto payments ‍Cryptocurrency has become a popular method of payment in recent years, with more and more businesses accepting it as a form of payment. Zilliqa, a high-throughput blockchain platform, has been making strides to make ZI...

Zilliqa Price Prediction 2023. Should you buy ZIL?

12 Apr 2023 1 minute read 0 comments Crypto4light

Zilliqa, also known as ZIL, is a cryptocurrency that is gaining attention for its innovative approach to blockchain technology. It is the native token of the Zilliqa blockchain, which aims to solve the scalability challenges of traditional blockchain...

What is Zilliqa?

29 Mar 2023 1 minute read 1 comment AlvPelirrojo

  Zilliqa is a high-throughput public blockchain platform that is designed to scale to thousands of transactions per second. The core feature that makes Zilliqa scalable is sharding — dividing the network into several smaller component networks (cal...

Watch To Earn ... XCAD Network ...

16 Jan 2023 4 minute read 0 comments Nas.A

  With the storm created by the STEPN (GMT) project in the cryptocurrency markets, the concept of Move to Earn entered our lives. After the success of STEPN, there was a boom in the Move to Earn project. Countless Move to Earn apps and cryptocurrenci...

The Best Sharding Blockchains - NEAR Vs EGLD

8 Jan 2023 1 minute read 2 comments Cryptofab

Sharding is a scaling technique used by some blockchains to increase transaction throughput by allowing the blockchain to be processed by multiple nodes in parallel. ‘Shard’ is an abbreviation for ‘System for Highly Available Replicated Data’ - the n...