Zilliqa

• Native utility token of Zilliqa blockchain

• Designed for high throughput, completing thousands of transactions per second

• Employs sharding as a second-layer scaling solution

• First public blockchain to implement sharding technology

• Maximum supply capped at 21 billion tokens

• Initial token distribution:

• 30% to Early & Community Contributions

• 40% to Mining Rewards

• 30% to Company, Team, Agencies

• Supply of ZIL expected to be fully vested by June 2029

• Zilliqa raised $2.23 million in Early Contributors Sale and $19.77 million in Community Sale

As of today #{today’s date}, the price of Zilliqa is ₹1.97 INR or 0.02111 USD, with a 24-hour trading volume of 49517996.74 USD. The market capitalization for Zilliqa is 409457875.56USD. The circulating supply is 19304954259.24 Zilliqa, with the total supply also being 19990909684.95 Zilliqa.

• Scalability:

• Zilliqa’s sharding technique allows for high scalability and parallel transaction processing

• Security:

• The network uses the Practical Byzantine Fault Tolerance (pBFT) consensus mechanism for enhanced security

• Energy Efficiency:

• Zilliqa employs a combination of Proof-of-Work (PoW) and pBFT, reducing energy consumption compared to traditional PoW blockchains

• Adoption and Network Effects: Zilliqa faces challenges in attracting a large user base and achieving widespread adoption, which is crucial for the success of any blockchain platform

• Belief in the potential of Zilliqa’s technology to solve scalability issues in blockchain

• The launch of Zilliqa’s Metapolis Metaverse project has the potential to increase Zilliqa’s visibility and adoption

• Staking ZIL to earn rewards, contributing to the network’s security and participating in governance

• Zilliqa’s unique selling proposition is its pioneering implementation of sharding technology, significantly improving transaction speeds and scalability on its blockchain.

• Zilliqa addresses the problem of blockchain scalability and speed by employing sharding, which allows the network to handle a much larger number of transactions per second than traditional blockchains.

• Zilliqa was founded by Xinshu Dong, Jia Yaoqi, and Amrit Kumar, with the project officially launching in 2017

• The team raised around $22 million during the initial coin offering in 2017

• Zilliqa ICO price: 1 ZIL = 0.0000084656 ETH

• Stiff competition from other innovative contract platforms like Ethereum, Solana, and Avalanche, which could impact Zilliqa’s market position

• Risks associated with ongoing development and the potential for delays or issues

• High throughput of transactions could lead to significant data storage requirements, which may pose technical challenges

The Zilliqa whitepaper presents a novel approach to solving traditional blockchains' scalability issues. At its core, Zilliqa introduces the concept of sharding, which divides the network into smaller consensus groups known as shards. Each shard can process transactions in parallel, significantly increasing the overall network capacity and transaction speed.

The whitepaper outlines the technical architecture of Zilliqa, including its consensus protocol, which combines Proof-of-Work (PoW) for establishing identity and Practical Byzantine Fault Tolerance (pBFT) for reaching consensus within shards. This hybrid approach ensures security while maintaining high throughput.

Zilliqa’s native programming language, Scilla, is designed to facilitate the creation of secure smart contracts. Scilla is a peer-reviewed language that emphasizes formal verification, which helps developers prevent common vulnerabilities in smart contracts.

The whitepaper also discusses the network’s incentive structure, designed to reward miners fairly and encourage participation. Zilliqa’s tokenomics are structured to balance the initial distribution of tokens among community contributors, miners, and the founding team, with a long-term vision for gradual token release.

Zilliqa aims to cater to various decentralized applications (dApps), particularly those requiring high transaction rates, such as gaming, digital advertising, and payment networks. The platform’s scalability solutions are positioned to meet the demands of enterprise-level applications.