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What is Zilliqua?

ZIL

Zilliqa is a blockchain platform that was launched in 2019 and is built using sharding consensus, which allows it to process multiple transactions per second, which is much faster than…

0.023965 -5.94%
What is Zilliqua?

Zilliqa is a blockchain platform that was launched in 2019 and is built using sharding consensus, which allows it to process multiple transactions per second, which is much faster than other blockchains such as Ethereum or Bitcoin. Scilla, the smart contract programming language used on Zilliqa, is designed to ensure data security and accuracy. Zilliqa is a decentralized platform, meaning there is no single central control point, and decisions are made by the community of users who own ZIL.

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ZIL cryptocurrency – what is it?

ZIL is the native currency of the Zilliqa platform. It can be used to conduct transactions on the platform, as well as to make payments for the use of smart contracts. ZIL is listed on a number of cryptocurrency exchanges and is available for trading worldwide.

Who created Zillique?

Zilliqa was created by a team of researchers from the National University of Singapore who worked on research related to blockchain and cryptography. Zilliqa’s founding team consists of:

  • Prateeka Saxena,
  • Xinshu Donga,
  • Amruta Kumara,
  • Ilya Sergey
  • Theodora Wang.

They were responsible for developing and implementing the blockchain platform.

Zilliq’s first whitepaper was published in 2017, and the platform was launched in 2019. Since then, it has gained popularity among blockchain investors and developers due to its performance, security and innovative solutions.

Zilliqua Advantages

Zilliqa is a blockchain platform that has many advantages. The first is its ability to scale, meaning that it is able to process a large number of transactions per unit of time. This keeps transaction fees low, making the platform more accessible to users. In addition, Zilliqa uses the Proof of Work protocol, which ensures the security of transactions and the protection of user data. Its other advantages include:

  • Easy integration: Zilliqa is easy to integrate with other applications and platforms, making it ideal for developers who want to create blockchain-based solutions.
  • Large community: Zilliqa has a great community of users and developers who actively work on its development and introduction of new features. As a result, there are many resources and tools available for users who want to use Zilliqa.
  • Smart contracts: the platform supports smart contracts, which allow users to automate various business processes. This allows users to create more complex applications and services, which opens up many opportunities for business and innovation.
  • Green: Zilliqa uses energy-efficient sharding technology, which means it consumes less energy than traditional Proof of Work blockchains. This makes it more environmentally friendly, which is an important factor for many users.
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Łukasz Michałek
Łukasz Michałek
Founder of the rapidly developing cryptocurrency channel "Biblia Kryptowalut" on YouTube. He also co-creates the Arena Trading group with Marek. Łukasz is fascinated and passionate about blockchain technology and cryptocurrencies, which constitute the central element of his activity in the cryptocurrency industry.
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