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.
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