Zilliqua (ZIL) cryptocurrency - Hitecher
Zilliqa

Zilliqa

by Ethan Oakes

Zilliqa is one of the first tokens issued in 2018. The unique feature of this platform is its sharding technology which increases the transaction speed and enables blockchain to scale easily as the network...

Zilliqa is one of the first tokens issued in 2018. The unique feature of this platform is its sharding technology which increases the transaction speed and enables blockchain to scale easily as the network...

Zilliqa

Zilliqa ZIL

0.00708821136977 USD -1.91%)

0,00000070 BTC

rank

77

Market cap

61.58 M USD

volume (24h)

9.58 M USD

Zilliqa is one of the first tokens issued in 2018. The unique feature of this platform is its sharding technology which increases the transaction speed and enables blockchain to scale easily as the network grows. Definitely, such ultra-high throughput capacity could not have been achieved using conventional technical solutions. Therefore, the creators faced a major challenge: to develop a new consensus protocol for Zilliqa to get ahead of its competitors. This task was solved by a concerted effort of all team members. Theoretically, Zilliqa’s transaction speed is unlimited, although in practice it depends on the number of nodes in the network. The more users – the more power – the higher the speed. Another innovation introduced by Zilliqa’s team is its own programming language which was used to implement the majority of technical tasks. This step was taken to ensure the highest possible security for the platform. At the moment, the project’s test version has been launched.

Zilliqa Team

The idea of Zilliqa was conceived at the National University of Singapore, therefore, its team is made up of developers with excellent academic education. The project’s CEO is Xinshu Dong. Upon graduation from the university, Mr. Dong served as a cybersecurity expert on a number of government projects in Singapore. Knowing how seriously Singapore takes data protection, it can be safely concluded that he is a person of supreme competence.

Zilliqa project’s Chief Scientific Advisor Prateek Saxena holds a PhD in Computer Science from the University of California, Berkeley. He is currently an Assistant Professor at the National University of Singapore. At some point, he taught Loi Luu, the CEO and founder of Kyber Network.

The project’s Crypto Lead is Amrit Kumar, a Research Fellow at the National University of Singapore.

The project also has its Advisory Board including:

  • Loi Luu, co-founder of Kyber Network;
  • Vincent Zhou, founder of FBG Capital;
  • Nikolai Oster, partner at Bitcoin Suisse AG;
  • Alexander Lipton, founder and Chief Executive Officer of StrongHold Labs.

Zilliqa tokenomics

Token name: ZIL.

ICO commencement date: December 27, 2017.

ICO completion date: January 4, 2018.

Hard Cap: US$ 22 million.

Funds raised: US$ 20 million.

Allocation:
40% — mining;
30% — team;
30% — community members.

At the moment, the price of Zilliqa is US$ 0.033476, annual volume totals US$ 10,237,516, total supply is ZIL 12,600,000,000, circulating supply is ZIL 7,780,347,516. ZIL can be traded at many crypto exchanges including Binance, Upbit, Bithumb, Huobi.pro and KuCoin.

As of today, ZIL cannot be mined due to the platform’s technical features.

ZIL’s proposed issue volume is 21 billion coins.

Conclusions about Zilliqa

Scalability will present a serious challenge to blockchain in the near future. While other projects are not doing anything about it or resort to makeshift measures that have a short-term effect, Zilliqa team is solving the problem using a unique and innovative approach. And although the project does have its shortcomings, it would be safe to say today that Zilliqa will certainly take up its place in the crypto world.

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Ethan Oakes

Ethan Oakes

Regular Hitecher contributor since 2017, journalist, Master in Economic Security. His interests include programming, robotics, computer games, and financial markets.

All posts by Ethan Oakes

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