Zilliqa ZIL
Report IssueZilliqa is a new blockchain platform designed to scale securely on an open, permissionless, distributed network. The main feature that makes Zilliqa scalable is the division of the network into several smaller component networks (called shards) capable of processing transactions in parallel.
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ZILZilliqa
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Short Review Zilliqa
Crypto project Zilliqa (ZIL) is classified as a Blockchain. Zilliqa is a Utility token that is hosted on the Ethereum Network. The current total supply is 21.00 B ZIL (Circulating Supply + Tokens yet to be released - Burned Tokens). A total of $22.00 M (30.00% of total tokens) have been allocated for the public sale. The level of social activity of the Zilliqa project is assessed as High.
Zilliqa ICO Overview
Estimated date for the public token sale: 4 January 2018. (ZIL) Min/Max Personal Cap: 2 ETH / 5 ETH. You can purchase project tokens for ETH
Residents of the following countries will not be able to participate in the public sale of tokens: China Japan USA
ZIL Price Chart
The launch of ZIL token trading took place on 25 January 2018.
Fundraising Rounds
Total sold 6.30 B ZIL tokens (0.30% of total tokens). Total amount of funds raised by the Zilliqa project is $22.00 M.
| Investment Round | Date | Price | Funds Raised |
| Early Contributors Sale | January 2018 | $0.0038807 | $2.23 M |
| Community Sale | December 2017 | $0.0034508 | $19.77 M |
Zilliqa Investors
Continue Capital Tier 2
FBG Capital Tier 2
IOSG Ventures Tier 2
Nirvana Capital Tier 2Detailed review of Zilliqa
Zilliqa is a smart contract platform with sharded architecture that aims to address the scalability limitations seen in some other blockchains. Its sharded design allows parallel chains to execute transactions in parallel, thereby increasing the overall network throughput. In addition to scalability, Zilliqa provides a smart contract layer to support the creation of smart contracts using the proprietary Scilla programming language. The network reaches consensus on transactions and contract execution using a hybrid Proof-of-Work-BFT mechanism. He will also introduce a staking system in the coming weeks to, he says, increase the distribution of node operators.
Zilliqa Project (ZIL)
The Zilliqa project was founded in 2017 by a group of researchers from the National University of Singapore. The original team included Xingshu Dong, Yaoqi Jia, Amrit Kumar and Pratik Saxena (who previously worked with Loi Luu, CEO and co-founder of Kyber Network), among others. They registered a company called Zilliqa (called Zilliqa Research) in June 2017, several months before the team launched its first testnet.
Zilliqa puts sharding theory into practice with a protocol that aims to address the scalability limitations seen in some other blockchains. Its sharded design allows parallel chains to execute transactions in parallel, thereby increasing the overall network throughput. The team's main motivation for creating this product was to create a platform that could handle smart contracts at scale without sacrificing the core principles of blockchain, such as decentralizing node management. Zilliqa uses a modified version of the Proof-of-Work (PoW) consensus protocol to order and validate transactions, and provide security guarantees for completed transactions.
According to the team, this modified consensus model provides a more economical version of mining compared to other networks on the market. Zilliqa's smart contract layer uses a proprietary programming language called Scilla, which allows developers to write and express the terms of smart contracts. it is convenient to agree. This infrastructure is being used to develop both pilot and commercial applications in the areas of security token offerings, gaming, domain registration services, financial services, and advertising payment matching.
Benefits of Zilliqa (ZIL)
- Low transaction fees and high transaction throughput. Transactions currently cost a few cents. The throughput exceeds 2500 transactions per second, the reasonable blocking time is 40 seconds, which will be reduced to 20 seconds in the coming months.
- safety. A very protected network and proprietary language.
- Transaction completion. Ziliqa's unique POW + PBFT algorithm ensures transaction completion, which means you don't have to wait for multiple confirmations. This allows you to record transactions faster and opens up access to financial applications.
- Highly qualified team. Founders and developers are renowned researchers and scientists who are experts in the field of cryptography.
- Growing Ecosystem Thanks to several initiatives such as the ZILHive program, Zilliqa currently has over 50 different projects being developed on top of its blockchain. With the recent creation of Zilliqa Capital, which has raised $50 million to invest in its ecosystem, it is sure to thrive.
Disadvantages of Zilliqa (ZIL)
