Zilliqa Deep Dive: ZIL Ready to Moon?

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► Complete Review: https://www.coinbureau.com/review/zilliqa-zil/
► Sharding: https://www.coinbureau.com/blockchain/speeding-blockchain-transactions-sharding/
► FREE Giveaway: https://www.coinbureau.com/promo/giveaway

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⛓️ 🔗 Helpful Links 🔗 ⛓️

► Website: https://www.zilliqa.com/
► Whitepaper: https://docs.zilliqa.com/whitepaper.pdf
► GitHub: https://github.com/Zilliqa/Zilliqa

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📱️ Socials 📱

► Official Blog: https://blog.zilliqa.com/
► Twitter: https://twitter.com/zilliqa
► Telegram: https://t.me/zilliqachat

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📝 Project Overview 📝

Zilliqa was the first public blockchain that effectively implemented sharding.

With Zilliqa’s approach, there could theoretically be no limit on the number of transactions processed per second

⚙️ Technology ⚙️

Zilliqa basically rebuilds the blockchain architecture from scratch. The model they’re using has a hybrid consensus protocol that will increase throughput with every additional 600 nodes on the network.

The team has actually done some tests on this and with 1,800 nodes, the network is able to process about 1,200 transactions per second.

Increase that to 2,400 nodes and you can theoretically get over 1,700 transactions per second.

Zilliqa uses a hybrid consensus mechanism consisting of proof of work and Byzantine fault tolerance. Proof of work is not used as it is in traditional blockchain mining. Instead, each node begins by completing a proof of work hash.

🎲️ Decentralised Applications 🎲

External developers can also code smart contracts on the Zilliqa blockchain.

The Zilliqa team have developed their own language which is used to program these contracts. It is called “Scilla”.

It is a functional programming language that allows for static checks and formal verifications – this helps users to verify a contract is safe before using it

💰️ Token 💰

Zilliqa Tokens are ERC20 tokens and have the ZIL token ticker.

ZIL tokens were initially released as and ERC20 token through an Ethereum based ICO that took place back in January of 2018.

This was a combination of a private and a crowd sale that saw the project raise over $40m at the time – so quite well funded.

👨‍💻️ Team, Partners & Development 👨‍💻

The Zilliqa team is comprised primarily of PhDs in computer science with an academic background.

In fact, Zilliqa was born from an R&D project of the National University of Singapore and more than two years of work had a functioning blockchain before the Zilliqa ICO

Zilliqa developers have been quite busy at work as can be evidenced by the GitHub commits.

📈 Trading & Wallets 📈

ZIL is listed on a number of exchanges including Binance, Huobi, UpBit, Kucoin.

Volumes appear to be well spread out across the exchanges although Binance commands the lion’s share of this volume.

Order books appear quite strong and voluminous.

For offline storage there are a number of options that support ERC20 tokens. You can also use the Moonlet wallet which supports .zil domain names.

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📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Zilliqa #ZIL #crypto #developers #Review #Bitcoin #ERC20 #Binance #blockchain #dApp #trading #cryptocurrency #Sharding #Scaling

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