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Zilliqa (ZIL)

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About Zilliqa

Zilliqa (ZIL) is a token developed in the year 2017. Zilliqa is mainly based on the concept of Sharding and primarily aims at improving the scalability of the cryptocurrency networks as in case of Bitcoin or Ethereum.

ledger wallet



Zilliqa History / Information / Buying / Staking

  • ZILLIQA HISTORY

    The Zilliqa project was founded in 2017 by a group of researchers from the National University of Singapore. Initial team members included Xinshu Dong, Yaoqi Jia, Amrit Kumar, and Prateek Saxena (who previously worked with Loi Luu, CEO and Co-Founder of Kyber Network), among others. They incorporated the company behind Zilliqa (called Zilliqa Research) in Jun. 2017, a few months before the team launched its first testnet.

    Zilliqa brings the theory of sharding to practice with a protocol that aims to address the scalability limitations seen in some other blockchains. Its sharded design allows concurrent chains to execute transactions in parallel, thereby increasing the overall capacity of the network. The team’s primary motivation in building this product was to create a platform that could process smart contracts at scale without sacrificing core blockchain principles, such as the decentralization of node management.

  • HOW ZILLIQA WORKS

    Zilliqa is a software that seeks to incentivize a global, distributed network of computers to run a blockchain platform that aims to increase user scalability through sharding. In this way, Zilliza is one of a number of competing blockchain aiming to grow an ecosystem of decentralized applications (dapps) and cryptocurrencies, such as Ethereum, Tron and EOS.

  • BENEFITS OF USING ZILLIQA

    Some of the benefits of using Zilliqa are:

    SCALABILITY
    Zilliqa uses advanced sharding technology to increase scalability

    SMART CONTRACTS
    Zilliqa supports the use of smart contracts by using Scilla, which adds a substantial number of benefits to the platform

    SECURE NETWORK
    Zilliqa has a very secure & unique consensus algorithm Practical Byzantine Fault Tolerance (PBFT).

    LOW TRANSACTION FEES
    Ziliqa’s unique POW + PBFT algorithm allow for much lower transaction fees than competing blockchains like Ethereum and NEO.

  • CAN YOU STAKE ZILLIQA

    The only way to stake Zilliqa is through the Zilliqa decentralised application (dApp).The token is primarily staked for contingency purposes, rather than being used to validate and process blockchain transactions, the Zilliqa platform is the one generating rewards.




  • COINS SIMILAR TO ZILLIQA

    Direct competition to Zilliqa which are considered similar coins are:
    TETHER STELLARXRP TERRA LUNAUSD COIN