FXTM information and reviews
FXTM
93%
IronFX information and reviews
IronFX
92%
Libertex information and reviews
Libertex
91%
FXCC information and reviews
FXCC
90%
Markets.com information and reviews
Markets.com
89%
FxPro information and reviews
FxPro
88%
EUR/USD
1.1726
BTC/USD
43 505.82
GBP/USD
1.3657
USD/JPY
109.3880
USD/CHF
0.9278
USD/CAD
1.2820
EUR/JPY
128.2692

Zilliqa Price, ZIL/USD Exchange Rates


Zilliqa is a public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution. The platform is home to many decentralized applications, and as of October 2020, it also allows for staking and yield farming.

Development work officially started on Zilliqa in June 2017, and its testnet went live in March 2018. A little over a year later, in June 2019, the platform launched its mainnet.

The native utility token of Zilliqa, ZIL, is used to process transactions on the network and execute smart contracts.

Who Are the Founders of Zilliqa?

Zilliqa was first conceived by Prateek Saxena, an assistant professor at the National University of Singapore School of Computing. Saxena and several students in the School of Computing published a paper in 2016 that outlined how a sharding-focused blockchain could improve network efficiency and speed.

Around the same time, Saxena co-founded Anquan Capital alongside Max Kantelia, a lifelong finance and tech entrepreneur, and Juzar Motiwalla, former president of the Singapore Computer Society. The company incorporated Zilliqa Research in June 2017 to develop the Zilliqa network, bringing on Dong Xinshu as its CEO, Yaoqi Jia as its chief technology officer and Amrit Kumar as its chief scientific officer. All three previously worked as research fellows at the NUS School of Computing.

What Makes Zilliqa Unique?


Zilliqa claims to be the world's first public blockchain to rely entirely on a sharded network. This allows it to achieve high throughput and a high rate of transactions per second, which it says solves the scalability issue. Because each shard processes transactions individually, as the network grows and the number of shards increases, the number of transactions that can be processed per second also increases. As well, records are immediately added to the Zilliqa blockchain after being processed, meaning that no additional time for confirmation is required.

Zilliqa seeks to become the blockchain of choice for large-scale enterprise use, including among the advertising, gaming, entertainment and financial services and payments industries. In its 2018 position paper, its team states that the platform "aims to rival traditional centralized payment methods such as VISA and MasterCard."

Both Anquan Capital and Zilliqa Research, the company responsible for developing Zilliqa, hold significant reserves of ZIL.

How Many Zilliqa (ZIL) Coins Are There in Circulation?


Zilliqa has a fixed maximum supply of 21 billion tokens. ZIL was first made available for sale as an ERC-20 token as a part of a token generation event that concluded in January 2018. The tokens were subsequently transferred to the Zilliqa mainnet in a token-swap event that concluded in February 2020.

Before launching, Zilliqa generated 60% of all tokens (12.6 billion ZIL) to be distributed at the token generation event, and the remaining 40% (8.4 billion ZIL) will be created through the mining process. Ten percent of all tokens (2.1 billion ZIL) were reserved for Anquan Capital, 12% (2.52 billion ZIL) for Zilliqa Research, and 5% for contemporary and future Zilliqa team members — all of which were announced to be distributed quarterly over a three-year period.

Zilliqa is designed such that all tokens will be minted within 10 years, with the block mining reward slowly decreasing. According to its whitepaper, the project aims to have 80% of the tokens (16.8 billion ZIL) mined within the first four years and 20% (4.2 billion ZIL) in the remaining six years.

How Is the Zilliqa Network Secured?


The Zilliqa network is secured through a practical Byzantine Fault Tolerance, or pBFT, consensus protocol, meaning that at least two-thirds of all nodes must agree that a record is accurate in order for it to be added to the blockchain. Each Zilliqa blockchain shard relies on a group of nodes to confirm a subsection of all the transactions, and once each shard has reached a consensus, a second group of nodes confirms the shards' collective results and adds a new block to the blockchain.

The network uses elliptic-curve cryptography to secure its consensus protocol and allows for multisignatures. In addition to the pBFT consensus protocol that secures its transaction records, Zilliqa also uses a proof-of-work algorithm to assign node identities and generate shards.

Zilliqa developed a new language, Scilla, for its smart contracts. Short for Smart Contract Intermediate-Level Language, Scilla is a safety-focused language intended to automatically identify and eliminate security vulnerabilities at the language-level and make it easier to formally verify the safety of smart contracts through mathematical proofs.

Where Can You Buy Zilliqa (ZIL)?


Zilliqa's native token, ZIL, is listed on several major cryptocurrency exchanges — including Binance, Huobi, Bitfinex and Bithumb — where it is available to be traded against fiat currencies, stablecoins and other cryptocurrencies.

ZIL/USD Price and Exchange Rates Charts

ZIL/USD Price, Exchange Rates chart – 7 days

ZIL/USD Price, Exchange Rates chart – 30 days

ZIL/USD Price, Exchange Rates chart – 60 days

* Forex Rating accepts no liability for any errors in the Zilliqa Price or ZIL Information. For the most recent information please visit the Zilliqa official site.

Top Cryptocurrencies

# Cryptocurrency 7 days
1 BTC Information Bitcoin -3.65%
2 ETH Information Ethereum -7.94%
3 USDT Information Tether -0.02%
4 ADA Information Cardano -13.47%
5 BNB Information Binance Coin -8.53%
6 XRP Information XRP -13.31%
7 SOL Information Solana -19.93%
8 USDC Information USD Coin 0.03%
9 DOT Information Polkadot -18.61%
10 DOGE Information Dogecoin -10.67%
11 UNI Information Uniswap -6.19%
12 AVAX Information Avalanche 8.12%
13 BUSD Information Binance USD 0.02%
14 LUNA Information Terra -24.1%
15 LINK Information Chainlink -12.16%
16 LTC Information Litecoin -12.12%
17 BCH Information Bitcoin Cash -11.69%
18 ALGO Information Algorand -22.99%
19 WBTC Information Wrapped Bitcoin -3.57%
20 FIL Information Filecoin -2.62%
Cryptocurrency Rating

Top Bitcoin Brokers

All Bitcoin Forex Brokers

BTC/USD Forecasts

Cryptocurrency market rebound dries up, alarmingly recalling 2018
Cryptocurrency market rebound dries up, alarmingly recalling 2018

Crypto market capitalization has risen marginally, up 0.7% over the past seven days, showing a decline since mid-Thursday. The rebound in the crypto market after

20 Sep 2021

Tight crypto market range as compressed spring
Tight crypto market range as compressed spring

The crypto market remains in limbo and resembles a compressed spring at the same time. Bitcoin is trading slightly below $46,000 on Tuesday morning...

15 Sep 2021

Without confirmation from BTC, altcoin’s growth could be a trap
Without confirmation from BTC, altcoin’s growth could be a trap

Bitcoin remains under moderate pressure on Thursday, trading near $46.3K, down 12.5% from Tuesday's peak. Meanwhile, the total capitalisation of the crypto market has...

10 Sep 2021

Top Bitcoin Price Predictions
Top Bitcoin Price Predictions

Bitcoin, the world's largest digital currency by market capitalisation (market cap), has experienced sharp price volatility since coming into existence in January 2009...

9 Sep 2021

Bitcoin to hit $100000 this year? Standard Chartered thinks it might
Bitcoin to hit $100000 this year? Standard Chartered thinks it might

Analysts at Standard Chartered have presented a framework for valuing Bitcoin, saying structurally they ‘value’ the world’s largest cryptocurrency in a $50,000-$175,000 range...

9 Sep 2021

Bitcoin and gold fall bring back interest to the dollar
Bitcoin and gold fall bring back interest to the dollar

On Tuesday, the dollar added around 0.5% to a basket of the six most popular currencies on turbulence in some market sectors. The buy rumours, sell facts model played...

8 Sep 2021

OctaFX information and reviews
OctaFX
86%
HotForex information and reviews
HotForex
85%
XM information and reviews
XM
80%
FXCM information and reviews
FXCM
79%
Vantage FX information and reviews
Vantage FX
78%
Moneta Markets information and reviews
Moneta Markets
77%

© 2006-2021 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.