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 #zil #bitcoin #harmony​​, #one​​, #altcoins​​, #eth​​, #scaling​ #Ethereum​​​​​​ #Chainlink​​ #LINK #VeChain​​​​​ #btc​​​​​​​​​​​​ ​​​​ #altcoin​​​​​​​​​​ #investing​​​​​​​​​​​​​​​​​​ #cryptocurrency​​​​​​​​​​​​​​​​​​​​​ #crypto​​​​​​ #invest​​​​​​​​​​​​​​​​​​ #binance​​​​​​​​​​​​​​​​​​ ​​#news​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ #success​​​​​​​​​​​​​​​​​​ #finance​​​​​​​​​​​​​​​​​​ #entrepreneur​​​​​​​​​​​​​​​​​​ #business​​​​​​​​​​​​​​​​​​ #market​​​​​​​​​​​​​​​​​​​​​​​​ ​​​​​​​​​​​​​​​​​​​​#staking​​​​​​ #NFT​​​​​ #NFTs​​​​​ #grayscale #scilla

Timestamps:
00:00 Introduction to Zilliqa
04:25 ZIL Price Predition

πŸ”· ALTCOIN TRADING SIGNALS – https://t.me/AltcoinBuzzChat
πŸ”₯ TOP CRYPTO NEWS – https://www.altcoinbuzz.io
πŸš€ FREE NEWSLETTER – http://eepurl.com/dnIEz1
πŸ”Ά TWITTER – https://twitter.com/altcoinbuzzio
πŸ’‘ FACEBOOK – https://www.facebook.com/altcoinbuzzio

Cryptocurrency And Bitcoin Visa Card – GET $25 FREE ON
β–Ί CRYPTO.COM https://platinum.crypto.com/r/ab *Code is AB

Trade On Binance!
β–Ί https://www.binance.com/en/register?ref=UAMKZ47P *Code is UAMKZ47P

CRYPTOCURRENCY MARKET PRICES AND DATA
β–Ί COINGECKO https://gcko.io/altcoin-buzz

πŸ”Ί NOTE If you use the above referral links, we receive a commission at no additional cost to you.

References:
https://www.zilliqa.com/
https://www.altcoinbuzz.io/reviews/technical-analysis/zil-price-prediction/
https://twitter.com/zilliqa
https://www.coingecko.com/en/coins/zilliqa

Disclaimer:
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

source

12 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *