|Zilliqa (ZIL)||Buy Zilliqa Now|
|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...|
|Change 7d||-4.48%||Market Cap||$1 212 922 276|
|Available supply||11 388 248 754 ZIL|
|Volume 24h||$114 947 209|
|Updated||Wednesday, June 16, 2021 2:00:11PM UTC|
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.
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.
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.
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.
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.
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.
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Jun 07||0.123857||0.112482||0.128346||1 277 583 287|
|Jun 08||0.110087||0.102951||0.111732||1 234 326 197|
|Jun 09||0.108710||0.104436||0.115427||1 301 532 631|
|Jun 10||0.115112||0.107169||0.115270||1 231 177 261|
|Jun 11||0.108346||0.102550||0.114426||1 169 669 998|
|Jun 12||0.102318||0.094556||0.102318||1 148 955 155|
|Jun 13||0.098759||0.095908||0.108368||1 225 591 849|
|Jun 14||0.107902||0.105821||0.110105||1 244 993 354|
|Jun 15||0.110659||0.105976||0.113923||1 223 497 260|
|Jun 16||0.107304||0.105816||0.112262||1 212 922 276|
* 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.
|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||Volume 24h|
|1||BTC||Bitcoin predictions||78.4%||46||$39 225.60||-2.76%||12.33%||$734 941 383 298||$38 829 648 390|
|2||ETH||Ethereum predictions||69.6%||55||$2 457.05||-5.14%||-2.55%||$285 789 444 380||$24 057 096 512|
|3||USDT||Tether predictions||90.4%||2||$1.00||0.04%||-0.04%||$62 637 275 480||$59 964 320 105|
|4||BNB||Binance Coin predictions||70.8%||61||$354.89||-4.10%||-0.06%||$54 451 830 021||$1 588 770 045|
|5||ADA||Cardano predictions||72%||59||$1.52||-3.68%||-2.42%||$48 491 294 908||$1 955 632 252|
|6||DOGE||Dogecoin predictions||65.2%||72||$0.311666||-3.83%||-4.70%||$40 532 048 273||$1 556 236 298|
|7||XRP||XRP predictions||67.6%||68||$0.841085||-4.56%||-2.67%||$38 862 977 213||$2 822 826 444|
|8||USDC||USD Coin predictions||95.6%||1||$1.00||0.01%||0.03%||$23 826 431 189||$1 815 494 747|
|9||DOT||Polkadot predictions||64.8%||70||$23.18||-4.95%||7.43%||$22 080 207 184||$1 781 851 617|
|10||UNI||UniSwap predictions||70.4%||66||$22.39||-6.57%||-6.28%||$12 876 813 106||$290 037 158|
|11||BCH||Bitcoin Cash predictions||66.8%||67||$604.20||-4.07%||0.41%||$11 337 891 659||$1 582 803 403|
|12||LTC||Litecoin predictions||68.8%||62||$169.36||-3.98%||4.82%||$11 305 066 199||$2 182 446 508|
|13||LINK||Chainlink predictions||61.2%||77||$23.72||-7.49%||-1.14%||$10 260 659 601||$1 177 231 982|
|14||MATIC||Polygon predictions||62.8%||75||$1.55||-8.16%||7.34%||$9 775 005 753||$1 566 007 480|
|15||BUSD||Binance USD predictions||94.4%||1||$1.00||0.04%||0.05%||$9 389 633 803||$3 797 975 104|
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2021 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.