Is it profitable to trade Zilliqa

Zilliqa is one of the first tokens of 2018. The peculiarity of this platform is sharding technology, which increases the speed of transactions and allows the blockchain to easily scale as the network grows. Of course, ultra-high-throughput would not have been possible with conventional technical solutions. Therefore, the creators faced the most complex function: to develop a new consensus protocol Zilliqa, allowing them to “overtake” competitors. With the joint efforts of the team, this problem was solved. In theory, the speed of transactions in Zilliqa is unlimited, although in practice it depends on the number of nodes in the network. More users – more power – more speed. The team’s innovation was not limited to this: another innovation of Zilliqa is its programming language, based on which most of the technical tasks were implemented. The step was taken for the highest level of platform security. At the moment, a test version of the project has been launched.

ZILLIQA TEAM

Zilliqa was born at the National University of Singapore, so the team consists of developers with excellent academic backgrounds. The general director of the project is Xinshu Dong. After graduation, Mr. Dong acted as a cybersecurity expert on several Singaporean government projects. Knowing Singapore’s serious approach to data protection, we can conclude that this person is of the highest competence.

Zilliqa’s Chief Scientific Adviser, Pratek Saxena, received his Ph.D. from the University of California, Berkeley. He is currently a Professor of Computer Science at the National University of Singapore. At one time he was Professor of Loya Luu, CEO, and founder of the Kyber network.

The crypto-leader for the project is a researcher named Amrit Kumar.

The project also has an advisory board, which includes:

  • Loy Luu, co-founder of the Kyber network;
  • Vincent Zhou, founder of FBG Capital;
  • Nikolay Oster, partner at Bitcoin Suisse AG;
  • Alexander Lipton, Founder, and CEO of StrongHold Labs.

TOKENOMICS ZILLIQA

The name of the token is ZIL.

The ICO start date is December 27, 2017.

The ICO completion date is January 4, 2018.

Hard Cap – US $ 22 million.

Collected – USD 20 million.

Distribution:

  • 40% – mining;
  • 30% – the team;
  • 30% are community members.

The price of Zilliqa at the moment is USD 0.033476, daily volume – USD 10,237,516, total supply – ZIL 12,600,000,000, circulating supply – ZIL 7,780,347,516. ZIL can be traded on many exchanges including Binance, Upbit, Bithumb, and Huobi. pro, and KuCoin.

It is impossible to mine ZIL today. It is due to the technical features of the platform. The ZIL issue is stipulated in the amount of 21 billion coins.

Scalability issues will be a major challenge for the blockchain soon. While other projects do nothing or resort to short-term action, the Zilliqa team truly solves the problem with a unique and innovative approach. And although the project has shortcomings, today we can say that Zilliqa will certainly take its place of honor in the crypto world.

Features and characteristics of Zilliqa cryptocurrency

Zilliqa (ZIL) is a high-bandwidth cryptocurrency. The token performs several thousand operations simultaneously. The cryptocurrency is based on a new protocol that increases the speed of transactions as the network expands. The platform also supports the development and operation of smart contracts.

ZIL is developed based on principles that completely change the mechanism for adjusting information blocks. In theory, the number of operations performed within a certain period is unlimited. In practice, problems arise when the number of nodes exceeds 1 million, but such indicators have not yet been achieved.

Features of ZIL

The main feature of Zilliqa is the increase in the number of operations performed when the network expands. When cryptocurrencies were starting to develop, it was believed that the blockchain could easily cope with a heavy load. But if you apply the algorithms and architectural resources based on which bitcoin and Ethereum are developed, then it is impossible to cope with scaling.

The ZIL protocol is characterized by high throughput. It ensures support for decentralized applications where operations are required that differ from existing information blocks.

Zilliqa provides a secure platform for those using DApps. It also guarantees a safe and convenient conclusion and maintenance of commercial contracts in blockchain technology.

ZIL mining characteristics:

  • Little difference in premiums;
  • Affordable cost of joining mining pools;
  • Operation on Ethash;
  • Low consumption of electrical energy since the PoW algorithm is applied.

The platform developers completely replaced the system architecture to eliminate the problem and ensure a high speed of operations as the network grows. The rest of the methods for solving the scaling problem (expanding the volume of the blockchain, bringing some data outside the network) provide a temporary effect.