2.95%

Market Change

$2 103 870 830 693.49

Total Market Cap

$122 859 910 705.73

Total Volume

20714

Cryptocurrencies

117 GWEI

117 GWEI

117 GWEI

Ethereum gas price

38.42%

BTC Dominance


Zilliqa (ZIL)
Zilliqa

ZIL -2.78%

24h Change

$772 363 268.07

Market Cap

$37 083 792.11

24h Volume

$0.0629

Current Price

Tech Specs

Last historical data: 2021-01-22T08:14:05.000Z

Decimal places: 0

Algorithm: Ethash

Prooftype: N/A

Country origin: SG

Genesis date: 2019-01-31

Liquidity score: 45.534

Publi interest score: 29.332

Community score: 42.157

Developer score: 80.531

Coingecko score: 56.438

Market cap rank: 84

Coingecko rank: 38

Alexa rank: 227703

Bing matches: 293000

Zilliqa (ZIL)

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.

The white paper mentions that the transactions speed would be approximately a thousand times more than that of Ethereum network.

Ziliqa is fast, secured and decentralized.

Zilliqa’s high throughput means that you can focus on developing your ideas without worrying about network congestion, high transaction fees or security which are the key issues with legacy blockchain platforms. Zilliqa network uses a concept called Sharding where the transactions are grouped into smaller groups and divided among the miners for the parallel transactional verification.

Developing smaller groups for transactional verification means the Consensus can be reached faster and hence a higher number of transactions can be processed in a given time frame.

The capacity of the network linearly increases in other cryptocurrencies as the number of people joins the network, but in this case, the capacity is increased at a higher variable rate than the number of members joining the network.

By incorporating the Sharding Technology, it can completely revolutionize the smart contract functionality too. Ziliqa has few pros as it has a great new technology.

Zilliqa is the first platform to use sharding technology.

This puts it ahead of the rest of the market.

It’s a completely new kind of blockchain designed to solve the problem of scalability.

Third-generation platforms like Zilliqa could be the big winners in the future of cryptocurrency.

Ziliqa has a strong community.

The platform has a lot of fans.

The Zilliqa ICO only happened because there was so much demand for it.

The Zilliqa ICO also shows that the crypto community is ready to see blockchain technology move to the next phase of its development.

Zilliqa is a currency token on the Zilliqa blockchain, that aims to issue security and scalability problems of blockchain technology, by using proof of work as authorizing protection and not as consensus mechanism.

The DS consensus mechanism is controlled with a automatic penalty and reward system.