Bitcoin
Bitcoin$39 225.60

-2.76%

Ethereum
Ethereum$2 457.05

-5.14%

Tether
Tether$1.00

0.04%

Binance Coin
Binance Coin$354.89

-4.10%

Cardano
Cardano$1.52

-3.68%

Dogecoin
Dogecoin$0.311666

-3.83%

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 71
Current price $0.106506
Change 24h -5.10%
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
Nature Coin
Mineable No
Discussion
WWW Website

Zilliqa price change 24 hours

Zilliqa Short Term Forecast

After Price Change
1 day $0.104303 -2.07%

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, $
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

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 Volume 24h
1 Bitcoin (BTC) BTC Bitcoin predictions 78.4% 46 $39 225.60 -2.76% 12.33% $734 941 383 298 $38 829 648 390
2 Ethereum (ETH) ETH Ethereum predictions 69.6% 55 $2 457.05 -5.14% -2.55% $285 789 444 380 $24 057 096 512
3 Tether (USDT) USDT Tether predictions 90.4% 2 $1.00 0.04% -0.04% $62 637 275 480 $59 964 320 105
4 Binance Coin (BNB) BNB Binance Coin predictions 70.8% 61 $354.89 -4.10% -0.06% $54 451 830 021 $1 588 770 045
5 Cardano (ADA) ADA Cardano predictions 72% 59 $1.52 -3.68% -2.42% $48 491 294 908 $1 955 632 252
6 Dogecoin (DOGE) DOGE Dogecoin predictions 65.2% 72 $0.311666 -3.83% -4.70% $40 532 048 273 $1 556 236 298
7 XRP (XRP) XRP XRP predictions 67.6% 68 $0.841085 -4.56% -2.67% $38 862 977 213 $2 822 826 444
8 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $1.00 0.01% 0.03% $23 826 431 189 $1 815 494 747
9 Polkadot (DOT) DOT Polkadot predictions 64.8% 70 $23.18 -4.95% 7.43% $22 080 207 184 $1 781 851 617
10 UniSwap (UNI) UNI UniSwap predictions 70.4% 66 $22.39 -6.57% -6.28% $12 876 813 106 $290 037 158
11 Bitcoin Cash (BCH) BCH Bitcoin Cash predictions 66.8% 67 $604.20 -4.07% 0.41% $11 337 891 659 $1 582 803 403
12 Litecoin (LTC) LTC Litecoin predictions 68.8% 62 $169.36 -3.98% 4.82% $11 305 066 199 $2 182 446 508
13 Chainlink (LINK) LINK Chainlink predictions 61.2% 77 $23.72 -7.49% -1.14% $10 260 659 601 $1 177 231 982
14 Polygon (MATIC) MATIC Polygon predictions 62.8% 75 $1.55 -8.16% 7.34% $9 775 005 753 $1 566 007 480
15 Binance USD (BUSD) BUSD Binance USD predictions 94.4% 1 $1.00 0.04% 0.05% $9 389 633 803 $3 797 975 104

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

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

© 2015-2021 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.