Bitcoin
BTC$22 994.25

-3.54%

Ethereum
ETH$1 687.91

-5.10%

Tether
USDT$1.000205

0%

USD Coin
USDC$1.000033

0.02%

Binance Coin
BNB$322.84

-0.68%

Binance USD
BUSD$1.000068

0%

Zilliqa (ZIL) Price, Market Cap and Information


Zilliqa (ZIL) Buy Zilliqa Now
Zilliqa (ZIL) Zilliqa is the world's first high-throughput public blockchain platform- designed to scale to thousands of transactions per second. Zilliqa brings the theory of sharding to practice with its novel protocol...
CVIX 48
Current price $0.043148
Change 24h -5.05%
Change 7d 3.97%
Market Cap $567 340 651
Available supply 13 148 761 377 ZIL
Volume 24h $178 809 403
Updated Wednesday, August 10, 2022 8:00:04AM UTC
Nature Coin
Mineable No
Discussion
WWW Website

Zilliqa price change 24 hours

Zilliqa Short Term Forecast

After Price Change
1 day $0.043667 2.20%

Zilliqa Price Predictions

Zilliqa General Information

General ZIL facts, technical details and Zilliqa Cryptocurrency information

Zilliqa is a public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution. The platform is home to many decentralized applications, and as of October 2020, it also allows for staking and yield farming.

Development work officially started on Zilliqa in June 2017, and its testnet went live in March 2018. A little over a year later, in June 2019, the platform launched its mainnet.

The native utility token of Zilliqa, ZIL, is used to process transactions on the network and execute smart contracts.

Who Are the Founders of Zilliqa?

Zilliqa was first conceived by Prateek Saxena, an assistant professor at the National University of Singapore School of Computing. Saxena and several students in the School of Computing published a paper in 2016 that outlined how a sharding-focused blockchain could improve network efficiency and speed.

Around the same time, Saxena co-founded Anquan Capital alongside Max Kantelia, a lifelong finance and tech entrepreneur, and Juzar Motiwalla, former president of the Singapore Computer Society. The company incorporated Zilliqa Research in June 2017 to develop the Zilliqa network, bringing on Dong Xinshu as its CEO, Yaoqi Jia as its chief technology officer and Amrit Kumar as its chief scientific officer. All three previously worked as research fellows at the NUS School of Computing.

What Makes Zilliqa Unique?


Zilliqa claims to be the world's first public blockchain to rely entirely on a sharded network. This allows it to achieve high throughput and a high rate of transactions per second, which it says solves the scalability issue. Because each shard processes transactions individually, as the network grows and the number of shards increases, the number of transactions that can be processed per second also increases. As well, records are immediately added to the Zilliqa blockchain after being processed, meaning that no additional time for confirmation is required.

Zilliqa seeks to become the blockchain of choice for large-scale enterprise use, including among the advertising, gaming, entertainment and financial services and payments industries. In its 2018 position paper, its team states that the platform "aims to rival traditional centralized payment methods such as VISA and MasterCard."

Both Anquan Capital and Zilliqa Research, the company responsible for developing Zilliqa, hold significant reserves of ZIL.

How Many Zilliqa (ZIL) Coins Are There in Circulation?


Zilliqa has a fixed maximum supply of 21 billion tokens. ZIL was first made available for sale as an ERC-20 token as a part of a token generation event that concluded in January 2018. The tokens were subsequently transferred to the Zilliqa mainnet in a token-swap event that concluded in February 2020.

Before launching, Zilliqa generated 60% of all tokens (12.6 billion ZIL) to be distributed at the token generation event, and the remaining 40% (8.4 billion ZIL) will be created through the mining process. Ten percent of all tokens (2.1 billion ZIL) were reserved for Anquan Capital, 12% (2.52 billion ZIL) for Zilliqa Research, and 5% for contemporary and future Zilliqa team members — all of which were announced to be distributed quarterly over a three-year period.

Zilliqa is designed such that all tokens will be minted within 10 years, with the block mining reward slowly decreasing. According to its whitepaper, the project aims to have 80% of the tokens (16.8 billion ZIL) mined within the first four years and 20% (4.2 billion ZIL) in the remaining six years.

How Is the Zilliqa Network Secured?


The Zilliqa network is secured through a practical Byzantine Fault Tolerance, or pBFT, consensus protocol, meaning that at least two-thirds of all nodes must agree that a record is accurate in order for it to be added to the blockchain. Each Zilliqa blockchain shard relies on a group of nodes to confirm a subsection of all the transactions, and once each shard has reached a consensus, a second group of nodes confirms the shards' collective results and adds a new block to the blockchain.

The network uses elliptic-curve cryptography to secure its consensus protocol and allows for multisignatures. In addition to the pBFT consensus protocol that secures its transaction records, Zilliqa also uses a proof-of-work algorithm to assign node identities and generate shards.

Zilliqa developed a new language, Scilla, for its smart contracts. Short for Smart Contract Intermediate-Level Language, Scilla is a safety-focused language intended to automatically identify and eliminate security vulnerabilities at the language-level and make it easier to formally verify the safety of smart contracts through mathematical proofs.

Where Can You Buy Zilliqa (ZIL)?


Zilliqa's native token, ZIL, is listed on several major cryptocurrency exchanges — including Binance, Huobi, Bitfinex and Bithumb — where it is available to be traded against fiat currencies, stablecoins and other cryptocurrencies.

Zilliqa Historical Data – 10 days

Date Open, $ Min, $ Max, $ Market cap, $
Aug 01 0.042550 0.042049 0.044718 556 441 379
Aug 02 0.042748 0.040940 0.042748 551 655 836
Aug 03 0.041786 0.040587 0.042635 546 769 969
Aug 04 0.041678 0.041678 0.042794 556 933 818
Aug 05 0.042896 0.042784 0.044533 584 786 536
Aug 06 0.045105 0.045105 0.048689 609 796 300
Aug 07 0.046004 0.045006 0.046004 597 495 489
Aug 08 0.045328 0.045249 0.046601 594 719 842
Aug 09 0.045545 0.042905 0.045827 565 706 191
Aug 10 0.043167 0.042053 0.043167 567 340 651

ZIL/USD Price Charts

ZIL to USD price chart – 7 days
ZIL to USD price chart – 30 days
ZIL to USD price chart – 60 days
ZIL to USD price chart – 6 months

* Crypto Rating accepts no liability for any errors in the Zilliqa information, ZIL Prices and ZIL's Market Cap. For the most up-to-date prices please visit the Zilliqa's official website.

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 78.4% 35 $22 994.25 -3.54% 0.01% $439 591 538 662 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 66% 68 $1 687.91 -5.10% 3.56% $205 761 571 724 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $1.000205 0% 0% $66 531 586 544 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 93.2% 1 $1.000033 0.02% -0.01% $54 021 851 086 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 71.2% 62 $322.84 -0.68% 11.75% $52 086 335 344 BNB 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 90.8% 1 $1.000068 0% 0.01% $17 752 502 175 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 80.4% 36 $0.363424 -3.65% -1.50% $17 569 045 535 XRP 7 days price change
8 Cardano (ADA) ADA Cardano predictions 72% 50 $0.511389 -4.25% 1.61% $17 253 774 183 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 78% 44 $39.74 -6.33% 3.54% $13 844 600 613 SOL 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 94.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 68.8% 62 $8.71 -4.69% 9.10% $9 626 327 113 DOT 7 days price change
12 HEX (HEX) HEX HEX predictions 64% 70 $0.054592 -1.19% 18.95% $9 466 937 752 HEX 7 days price change
13 Dogecoin (DOGE) DOGE Dogecoin predictions 81.6% 28 $0.068228 -6.49% 1.79% $9 051 914 563 DOGE 7 days price change
14 Avalanche (AVAX) AVAX Avalanche predictions 70.4% 55 $27.42 -3.30% 17.24% $7 814 089 843 AVAX 7 days price change
15 Dai (DAI) DAI Dai predictions 93.6% 1 $0.999863 0.05% 0.03% $7 525 054 582 DAI 7 days price change

News, Promo

AXS
Axie Infinity looking to ‘double-down’ on Korean market

Sky Mavis co-founder and growth lead Jeffrey Zirlin says Axie Infinity wants to double down in South Korea, which they see as one of the most important gaming markets in the world...

09 Aug 2022
ETH
Influencers Talk about a Very Long Crypto Spring

The price of bitcoin fell to $17,597 on June 18, in line with December 2020 levels and almost 75% below its all-time high of $68,918. The BTC/USD pair slowly crept up from that moment on...

08 Aug 2022
BTC
Bitcoin's bullish stability

Bitcoin has been down 1.2% over the past seven days, trading at $23,600. These are tiny moves by crypto market standards. Indeed, the first cryptocurrency has been dealing with little amplitude...

08 Aug 2022
BTC
Bitcoin remains in ascending corridor

Bitcoin was down 3.5% on Thursday, ending at around $22,500, but almost fully recovered its losses on Friday morning. As a result, changes over the past 24 hours are minimal...

05 Aug 2022
BTC
Bitcoin retreats from the upper boundary of an uptrend channel

Bitcoin has lost 2.1% in the past 24 hours, pulling back to $22.9K. Ethereum has fallen 6.5% over the same period, to $1580. Top altcoins fell from 2.7% (XRP) to 12% (Polkadot).

02 Aug 2022
ETH
Ethereum's bearish U-turn? ETH price momentum fades after $1.6K rejection

Ether risks falling further below $1,350 in August as the ETH price rally is losing steam. Ethereum's native token Ether (ETH) tumbled on July 26...

26 Jul 2022

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.