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What is Zilliqa all about
Zilliqa is another blockchain that falls into a similar category as Ethereum, Tron and EOS as it is looking to create an entire distributed network of computers in order to run their blockchain platform. However, the biggest distinguishing factor for Zilliqa is its use of sharding to help with scaling. This splits its infrastructure into several interconnected blockchains to support more transactions.
Zilliqa also has its own native programming language, Scilla, that focuses on security and also allows developers to write and launch customizable dApps, an important aspect for the Zilliqa ecosystem.
Scilla allows developers to run custom and design new programs, or dApps, which broadens the potential power of the Zilliqa and its offering and means there are possibilities of more advanced and unique dApps to come out of the ecosystem.
Additionally, in addressing security, Zilliqa uses Practical Byzantine Fault Tolerance (pBFT) governance mechanism to keep the network of computers in sync.
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ZIL Questions & Answers
How much is Zilliqa worth today?
Price of Zilliqa right now is 0.04931871 EUR.
What was the highest Zilliqa price ever?
Zilliqa was the most expensive on 2021-04-17, at 0.21 Euro.
What price will Zilliqa reach one month from now?
Using our prediction algorithm, we estimate Zilliqa's value will reach between €0.00459940 and €0.06309843 30 days from now.
Is Zilliqa going to be worth more in 3 months time?
In accordance with our prediction algorithm we estimate the price of Zilliqa will reach anywhere between €0 and €0.06309843 in 3 months time.
How much will Zilliqa cost in 6 months?
It is very difficult to predict the future accurately, however on the basis of our short term price prediction we estimate that the price of Zilliqa will reach anywhere between €0 and €0.06309843 six months from now.
Does Zilliqa have a large following online?
44538 Reddit users were participating via Reddit, in an online discussion about Zilliqa in the last 2 days. Zilliqa's Twitter profile is followed by 453297 people.
Who created Zilliqa?
Zilliqa came to be in June 2017 after an ICO that raised $22 million in ETH. It was created by co-founders Amrit Kumar and Xinshu Don, two researchers from the National University of Singapore. The network’s mainnet went live in January 2019.
How does Zilliqa sharding work?
Sharding splits the network into several pieces, or shards, allowing nodes to only process a fraction of the network’s transactions — this is why it makes scaling that much easier. Each shard acts as its own blockchain and allows nodes assigned to them to store data, process transactions and add new blocks to their specific shard chain, called microblocks.
What makes ZIL an attractive alternative cryptocurrency?
Scaling is still a real sticking point for the success of blockchain projects and ZIlliqa has put its weight behind sharding which is arguably one of the best options to solve the problem while maintaining security and enabling scalability.
What does the ZIL cryptocurrency do in the Zilliqa ecosystem?
ZIL is the key to maintaining and operating the Zilliqa network and its smart contracts. It can be used for holding, sending and staking.Staking ZIL gives users the ability to vote on network upgrades, with each vote being proportional to the amount of ZIL they stake.
10 days Zilliqa price forecast
Long term Zilliqa price prediction