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.


AMA Highlights - Zilliqa and Brillion on Real-World Assets and Zilliqa 2.0

18 Dec 2024 2 minute read 0 comments Zilliqa

Zilliqa and Brillion recently hosted a joint AMA session which brought the two teams together to discuss their expanded partnership in the context of the upcoming launch of Zilliqa 2.0.  The discussion delved into the nature of their strategic partne...

AMA Highlights - House of Chimera’s Ecosystem Talks with Zilliqa, LSP, and Wanchain

13 Dec 2024 2 minute read 0 comments Zilliqa

House of Chimera’s recent Ecosystem Talks session on X Spaces, hosted on December 9,  brought together the Zilliqa team and its partners to explore the advancements and collaborations shaping Zilliqa 2.0 and the blockchain ecosystem.  The discussion...

Highlights - Matt Dyer on Zilliqa's Mission to Unlock Web3 For All

12 Nov 2024 2 minute read 0 comments Zilliqa

Matt Dyer, CEO of Zilliqa, recently shared his insights on Zilliqa’s ongoing innovations, from the development of Ziliqa 2.0 to building connections with other major blockchains to drive interoperability. He emphasised the company’s mission to simpli...

Highlights - Zilliqa group’s vision for the future of Web3

21 Oct 2024 2 minute read 0 comments Zilliqa

Max Kantelia, founder of Zilliqa group, has outlined the group's vision for the future of Web3, explaining how Zilliqa group intends to propel luxury brands and the entertainment sector into new realms of growth and engagement. Speaking from the sart...

Zilliqa: An Introduction to Scalable Smart Contracts and Their Impact on Web3 Innovation

17 Sep 2024 3 minute read 0 comments ChangeNOW

Key Takeaways: Zilliqa is one of the top blockchain platforms out there, with game-changing sharding technology that boosts scalability and speeds up transactions. The platform uses its own smart contract language, Scilla, which focuses on security,...

AMA Highlights - The future of Real-World Assets with Brillion and Zilliqa

5 Aug 2024 5 minute read 8 comments Zilliqa

On August 1st, Zilliqa and Brillion hosted a live AMA to share and discuss the exciting potential of their recently announced partnership.  Brillion is a market-leading Web3 smart wallet that specialises in securely managing real-world assets (RWAs),...

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...