ZIL
Zilliqa
$0.00000000AUD
Market Cap
585.7M AUD
24hr Trade Vol.
60.8M AUD
Total Supply
19.2B
All
1W
1M
1Y
Basic chart
Advanced chart
Price Change
24H:
0.00%
7D:
+0.00%
Instant
Stop Loss
Take Profit
Sell Zilliqa
AUD Balance: -
Sell Amount
Switch to AUD
ZIL
≈ $0.00 AUD
Information
Transactions
Sign up & Receive $10 in BTC
FREE

Sell Zilliqa ZIL

ZIL is the cryptocurrency of Zilliqa, a public platform founded by academics from National University of Singapore, their mainnet went live in January 2019. They have already found real world usability of their platform in finance, digital advertising, and gaming. They were the first platform to use sharding to scale its network. Sharding is the process of breaking the individual nodes on the blockchain into multiple parts. These individual shards process simultaneously before being re-merged into the node, which is then added to the blockchain. The benefit of this is each shard is able to process in a millisecond, and there are 10 shards, together they are able to process 10 shards in one millisecond within one node. This is why sharding is the key component of its scalability and how they are able to process 2,500 transactions per second (tps) compared to Bitcoin’s 7 tps. Zilliqa uses Proof-of-Work like Bitcoin does for new entrants on the blockchain, as a security measure. As this method is highly secure but less efficient, the rest of the transactions use the practical Byzantine Fault Tolerant (pBFT) consensus protocol. The ZIL utility token is used as gas to execute smart contracts, to reward miners, and to pay transaction fees on the blockchain.

Related Assets

ETH

Ethereum
-

ADA

Cardano
-

AVAX

Avalanche
-

SUI

SUI
-

DOT

Polkadot
-

NEAR

Near Protocol
-

APT

APTOS
-

CRO

Cronos
-

HBAR

Hedera Hashgraph
-

ICP

ICP
-

ETC

Ethereum Classic
-

KAS

Kaspa
-

TAO

Bittensor
-

STX

Stacks
-

ARB

Arbitrum
-

MNT

Mantle
-

ATOM

ATOM
-

OP

Optimism
-

TIA

Celestia
-

SEI

SEI
-

Resources

Frequently Asked Questions (FAQs)