The first launch of the network was attempted in 2016 by a group of Singaporean scientists. Work on the Zilliqa project has been actively carried out since June 2017. The network was tested in the fall - even then the number of transactions per second reached 1389.

The roadmap for the Zilliqa cryptocurrency was written for the period 2017-2018. The released working blockchain was able to solve scalability problems using non-standard approaches. During the ICO (12/27/2017 - 01/04/2018), about 22 billion coins were issued.

The following personalities can be noted in the project team:

Loi Luu - co-founder of Kyber;
Xinshu Dong - CEO;
Vincent Zhou - one of the founders of FBG Capital;
Nicolai Oster - partner at Bitcoin Suisse AG;
Alexander Lipton - Founder of StrongHold Labs;
Prateek Saxena is the main scientific advisor.
The Zilliqa cryptocurrency network team has developed their own Scilla programming language. This language introduces a distinction between smart contracts and the computation performed. The architecture allows integrating different blockchain tools that extend the functionality of the system. The ZIL digital token is based on the ERC-20 standard. For miners, these coins will be a real incentive.

The Zilliqa mainnet was launched in January 2019. From that moment on, the platform became independent and working without being tied to Ethereum. After this important event, the token significantly increased its quotes and demonstrated confident growth. Since November 2018, the cryptocurrency platform has participated in the Security Bug Bounty program, which looks for errors in the program code.

Several organizations have provided assistance in promoting the cryptocurrency:

Global Brain;
FBG Capital;
Signum Capital;
One Block;
MetaChain;
IKX;
NGC;
Mindshare;
Polychain Capital.

About the Zilliqa project

Decentralized applications based on self-executing smart contracts are the Zilliqa platform. To create it, they chose the Durian source code and the PBFT consensus protocol, which has become less energy-intensive than PoW. The internal token is ZIL.

System scalability, decentralization, security, speed of work are the main advantages of the Zilliqa cryptocurrency. Compared to other systems, commissions are low. A digital asset is of interest to investors, legal entities, business corporations, and banking institutions.

The Zilliqa platform has the following technological features:

the principle of sharding - the common network is divided into several subnets, which process microblocks with transactions;
the use of combined PoW and PBFT algorithms - makes the working protocol efficient;
identification of work with signatures - helps to protect against cyber attacks;
convenient network operation due to the Scilla programming language - the system expands along with active nodes;
mandatory passage of the KYC procedure, which is responsible for identifying users;
large network bandwidth.

The Zilliqa crypto project is interesting in that it was able to completely solve the scaling problem. The platform is based on the Ethereum blockchain, which has proven itself well in the digital world. Due to the linear growth of the network, its throughput was increased (from 1000+ per second), which exceeds Bitcoin by tens of times.

At the heart of the Zilliqa ecosystem is sharding, which divides data into groups. The more such nodes, the faster the network works. One shard is capable of switching 600 nodes. As a result, a large number of nodes speed up rather than slow down the system. You can compare the work of the Zilliqa platform with a torrent - the more peers, the faster information is downloaded.

The developers have made the Zilliqa network safe and convenient as it is aimed at mass use. Provides the platform with full support for decentralized applications and smart contracts.

Miners can mine the internal currency Zilliqa on their own. Decentralized software is convenient. For the use of pools, low commissions are charged. This cryptocurrency platform has a completely new unique architecture - new mechanisms for reaching consensus and expanding nodes are involved.

Zilliqa Features

In the blockchain space, Zilliqa has revolutionized the cryptocurrency. For many altcoins, scalability problems were acute. This coin was able to solve them in its network. The technology developed has surpassed even advanced banking networks in speed.

Using the Zilliqa platform, you can solve the following tasks:

use smart contracts to issue tokens;
organize decentralized applications;
perform any transactions with financial assets;
store ZIL tokens without worrying about their safety.
Due to its confident existence in the market, the Zilliqa crypto project cannot be classified as one-day startups. The platform uses blockchain technology that does not set limits on the number of transactions. The scaling of the system is carried out due to a special sharding mechanism, which allows processing transactions in parallel to each other.

At the heart of the Zilliqa network is a dedicated application system tailored to specific computing power. A new protocol was developed to address security issues. The system operates according to a decentralized principle that corresponds to democratic foundations.

Before starting to use ZIL tokens, users must go through the KYC procedure. The network also sets the size of the minimum and maximum investments.

The developers thought about the distribution of ZIL coins in such a way that in 10 years a fully scalable network will be formed. As a result, Zilliqa cryptocurrency will become expensive and affordable due to decentralization.

You can use Zilliqa cryptocurrency in the following areas:

decentralized trading platforms;
systems where complex scientific calculations are carried out;
automated auctions;
powerful applications.
The unique protocol provides additional protection against hackers and is thus less energy consuming. Double spending is eliminated and financial transactions are accelerated. To change leaders, the network used View Change Protocol, which increases security.

Compared to other systems, Zilliqa is high speed. The speed of transaction processing increases automatically due to flexibility and scalability. The user is not limited in the number of transfers made, since the system uses smart contracts.

How is Zilliqa created?

Zilliqa cryptocurrency was launched during the ICO. Initially, the developers generated 22 billion tokens, which was only 60%. Users will be able to mine the rest of the coins in the coming years.

At the heart of the Zilliqa network is energy efficient mining, which allows you to create coins in a low load mode. Thanks to the PoW algorithm, the network is volatile, but rewards are paid to miners in proportion to the work done.

After generating ZIL coins, you need to take care of safe storage. For these purposes, wallets are chosen that are compatible with the ERC-20 standard, but there is already an experimental version of ZilliqaWallet.

Is Zilliqa endless?

Zilliqa cryptocurrency is not endless in the digital economy. To buy ZIL tokens, you can choose different exchanges or mine them on special devices. The developers have thought over the process of obtaining coins to the smallest detail - within 10 years after the launch of the network, miners will be able to mine 40% of the remaining digital assets.

Zilliqas strengths

Since its inception, the Zilliqa cryptocurrency has been identified as a promising and reliable digital asset. The largest exchanges quickly added it to their ranks.

The Zilliqa cryptocurrency platform was one of the first to provide high throughput. Such large assets as Bitcoin and Ethereum could not solve this problem. The project is supported by the largest funds and experienced developers - this has a positive effect on market competition.

The Zilliqa cryptocurrency has such strengths:

sharding technology, which provided high scalability indicators;
a team of professionals greatly influenced the development of the project;
wide functionality;
use of smart contracts that launch the network in a few seconds;
implementation of the PBFT protocol, which establishes communication between system participants;
has a simple interface;
has a high level of security;
verification of transactions does not consume a lot of energy resources.
The ZIL token was able to advance in the cryptocurrency rating due to the use of sharding technology and PoS. This ensures energy efficiency and high speed of the ecosystem. Despite the fact that the digital asset has many competitors, it does not lag behind in the implementation of its tasks.

Zilliqa cryptocurrency has been developed both for instant P2P payments and for using decentralized applications. The secure sharding protocol allows you to simultaneously solve these problems. In terms of the number of transactions carried out, the Zilliqa network is 249 times faster than Ethereum.

The smart contracts used by the ZIL coin are focused on different data streams. They do not change their state and are not intended for verification. A more reliable control system than sharding has not yet been invented in a digital shell. She is able to endure risks, failures in algorithms and not lose communication in the system. Any decentralized application that is sensitive to network speed will function perfectly on the Zilliqa network.

Compared to other blockchain platforms, Zilliqa has achieved optimal performance in terms of scalability. The network allows for distributed computing and provides high transaction speed. It is impossible to predict the development of a token, but its practical implementation can be assessed by every participant in the crypto world.

Zilliqa in TOP currencies

The Zilliqa cryptocurrency is in the top 100 at 80th place. In terms of the number of transactions, it showed a record figure - in 2017, 2488 operations / second were recorded. A built-in wallet, as well as special block monitoring, facilitates trading operations.

Since the launch of the mainnet in early 2019, ZIL has shown strong growth in both technical and financial terms. The daily trading volume is distinguished by optimal indicators ($ 14-16 million) - this confirms the demand for the ZIL token in the digital world. There is no direct exchange of cryptocurrency into fiat, so you need to choose other suitable coins in order to perform these operations.

The Zilliqa network is designed for the financial industry and the business sector. The architecture of the cryptocurrency successfully passed all tests and showed excellent results. In the future, there is a high probability that the token will become highly liquid and the rate is expected to rise.

The more analogues of the Zilliqa cryptocurrency appear, the more difficult it is to assess its future development. The ZIL token gets high chances of success due to its high capitalization and a large number of transactions on the network. A promising project will become a profitable investment option, as it already has a stable position in the market. The course is growing thanks to the competent marketing policy of the company.

Zilliqa will be able to use cryptocurrency in the direction of information security, in electronic banking systems, in the field of cryptography. The site is already fighting for leadership with the giants of the digital world and will soon become a well-deserved token.