Zilliqa (ZIL) Price

Name: Zilliqa
Brand: Cryptocurrency
SKU: ZIL
Price: 0.02268632 USD
Availability: InStock
Rating: 4,2 (7 reviews)

ZIL

Zilliqa

4,2

★

$0.02268632

-6.84%

Today's Current Price in US Dollar

Market cap

415,845,406.0

Total volume

18,496,806

Circulating supply

18,317,734,202

Total supply

19,072,589,628

Buy / Long

Sell / Short

Launched in 2017, Zilliqa (ZIL) stands out due to its implementation of Sharding technology, aiming to significantly enhance the scalability of cryptocurrency networks, a challenge that traditional platforms like Bitcoin and Ethereum encounter. The white paper of Zilliqa presents an ambitious claim, suggesting its transaction speed could outpace Ethereum's by a thousandfold. Zilliqa is recognized for its speedy, secure, and decentralized nature, ensuring that developers can forge ahead with their projects without the usual concerns over network bottlenecks, excessive fees, or vulnerabilities—common troubles associated with older blockchain frameworks.
Zilliqa introduces an innovative approach to processing transactions through Sharding, which involves segregating transactions into smaller batches that are then distributed among miners for concurrent verification. This method enables faster consensus and, consequently, a higher transaction throughput within any given period. Unlike other cryptocurrencies, whose network capacity linearly grows with the addition of users, Zilliqa's capacity scales at an exponentially higher rate, surpassing the growth in user numbers. The integration of Sharding Technology not only optimizes transaction handling but also has the potential to transform smart contract functionalities fundamentally.
One of Zilliqa's noteworthy advantages is its pioneering use of Sharding technology, placing it at the forefront of blockchain innovation and potentially setting a precedent for scalability solutions. This novel blockchain architecture is designed expressly to address scalability issues, marking it as a trailblazer in the evolution towards third-generation platforms that could dominate the cryptocurrency future. Additionally, Zilliqa boasts a robust and enthusiastic community base, evidencing the high demand and expectation for the platform. The success of Zilliqa's ICO reflects the cryptocurrency community's eagerness for the blockchain technology to advance into its next developmental stage, highlighting the platform's promise and potential within the blockchain cosmos.