Zilliqa

ZilliqaZilliqa is a blockchain platform for decentralized apps under development attempting to address blockchain scalability primarily through sharding. The development of the platform was inspired by Elastico, a sharding protocol developed at the National University of Singapore. On October 12, 2017, Zilliqa claimed to have developed a testnet with sharding capable of processing 2,488 transactions per second. Zilliqa tokens are called Zillings (ZIL). It is used to pay for the services provided by the nodes.

• Low Cost Low Cost – Sharding allows for a large number of transactions per second, so the cost of each transaction is low
• Scalable Scalable – Sharding also means that as more people start to use the blockchain, its capacity can be increased by just increasing the sharding
• Cost-effective miningCost-effective mining – The unanimous agreement required by pBFT means that even lower-powered hardware can get a portion of the block reward. This makes mining ZIL more cost-effective because a node can get some reward, even if it never proposes a block first.

• Low costLow cost – In December 2021, 1 ZIL costs less than 0.10 USD, meaning there is a possibility for profit in the future if Zilliqa gains a large number of users and the demand for Zilliqa coins increases.
• Stake-able Stake-able – ZIL can be staked (using a Zilliqa-compatible crypto wallet) to allow you to earn extra ZIL while you hold the coin.
• Wallet supportWallet support – There are more than a dozen Zilliqa-compatible crypto wallets, including major names such as Ledger and Trust Wallet.

ZIL Price Live Data

What Is Zilliqa (ZIL)?

Who Are the Founders of Zilliqa?

What Makes Zilliqa Unique?

Related Pages:

How Many Zilliqa (ZIL) Coins Are There in Circulation?

How Is the Zilliqa Network Secured?

Where Can You Buy Zilliqa (ZIL)?