What is Zilliqa (ZIL)?
Zilliqa is a new blockchain platform that is designed to scale in an open, permission-less distributed network securely. The core feature that makes Zilliqa scalable is sharding — dividing the network into several smaller component networks (called shards) capable of processing transactions in parallel.
Zilliqa (ZIL): History
The Zilliqa team proposed the theory of sharding in a paper in 2015, and since then this protocol has been under research, refinement and active development.The Project Zilliqa started on Aug 10, 2017. The source code and a public testnet of Zilliqa are released in December 2017. Their internal testnet of 2,400 nodes can process 1,389 transactions per second. The team behind Zilliqa are, led by our CEO, Xinshu Dong, is a diverse mix of deep tech practitioners, venture creators, and financial veterans.
How does Zilliqa (ZIL) work?
Proof-of-Work is used for sybil resistance. No one can join the Zilliqa network without doing a PoW. Once, a node does PoW and sends it to the network; it can participate in the consensus protocol. The consensus protocol does not require PoW and is way less computationally expensive. After consensus is reached on a block, the mining reward gets distributed among some nodes, not just one. The percentage of tokens mined per year will reduce over time. A shard is an independent group of nodes which are responsible for validating a portion of the transactions. DS Committee is a group of nodes that manage the activity of Zilliqa’s framework. The DS Committee is also responsible for some general utilities of the framework.
How to buy Zilliqa (ZIL)?
The exchanges which will help the users to get their Zilliqa are Huobi, gate.io, EtherDelta, Idex. But before that, you should get a wallet to keep the coin safe. Then in the case of zillica, if it is not able to buy directly purchase some other popular coin and trade your coin in . an exchange mentioned here.
Zilliqa (ZIL) Price prediction 2018
The immense interest on the Zilliqa is so high. Once many Dapp moved to Zilliqa platform, Zilliqa will become Top 10 crypto in the ranking. It is fair to say that with so many good points about Zilliqa, Zilliqa should be at least in within Top 40 coins. This is the very conservative estimate. A more aggressive estimate would be Zilliqa will reach Top 10 coins. The price of the Zilliqa or ZIL tokens depends on its market cap. Zilliqa has the price today $0.066617 and the market cap value $433,606,665. The current supply is 6,508,988,220 ZIL and volume is $14,408,000. Zilliqa price today, price chart, history, mining, where to buy, Zillica price prediction.