What is Zilliqa
The current Zilliqa value is $0.109048, and the 24-hour trading volume is $96,446,316. In the previous 24 hours, the rate of ZIL has dropped by -2.2 percent. There are 12 billion ZIL coins in circulation, with a market cap of 21 billion. Moroever, Zilliqa cryptocurrency is highly famous becasue of its native coin ZIL.
Features of Zilliqa
ZIL is a cryptocurrency of 2017. Zilliqa is primarily working on the notion of sharding and attempts to improve the scalability of cryptocurrency networks. Zilliqa is striving to improve its system as Bitcoin and Ethereum. The transaction speed would be around a 1,000 times faster than the Ethereum network, according to the white paper. Furthermore, Ziliqa is a decentralised, quick, and secure platform. Because of Zilliqa’s high throughput, you can concentrate on creating your ideas rather than worrying about network congestion, expensive processing fees, or privacy, all of which are concerns with traditional blockchain systems.
The Zil network employs a technique known as sharding, which divides transactions into smaller chunks and distributes them across miners for parallel transactional authentication. Smaller groups for transaction authentication allow the Consensus to be reached faster, allowing for a greater number of transactions to be completed in the time. In other cryptocurrencies, communication network grows linearly as the number of individuals joins the network. However in this instance, capacity grows at a faster rate than the number of people entering the network. Furthermore. it is possible to totally change smart contract functioning by integrating Sharding Technology.
Stable market exchnage to buy or sell ZIL coin