Current Zilliqa Price Overview
Zilliqa's current price is $0.01069**, with a 24-hour trading volume of **$45.41 million. Over the past day, ZIL has remained stable (±0.00%). The circulating supply stands at 19.51 billion ZIL, with a maximum supply capped at 21 billion ZIL.
What Is Zilliqa (ZIL)?
Zilliqa is a high-performance blockchain platform designed to solve scalability challenges through its sharded architecture. Key features include:
- Parallel transaction processing (thousands of TPS).
- Scilla, a native smart contract language prioritizing security.
- Hybrid consensus: PoW for node identity verification + PBFT for transaction finality.
- Native token (ZIL): Powers transactions, governance, and dApp development.
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History of Zilliqa
Founded in 2017 by Prateek Saxena and team, Zilliqa emerged from academic research at the National University of Singapore:
- 2016: Conceptualized as a sharding-focused blockchain.
- 2017: Testnet launch and ERC-20 token sale (raised $22 million).
- 2018: Mainnet launch—first live implementation of sharding.
Funds were allocated to R&D (80%), Anquan Capital (15%), and the founding team (5%).
How Zilliqa Works
Core Technologies
Sharding
- Divides the network into smaller groups ("shards") to process transactions concurrently.
- Boosts throughput without compromising decentralization.
Scilla Smart Contracts
- Reduces vulnerabilities via formal verification.
- Supports DeFi, gaming, and enterprise solutions.
Energy-Efficient Consensus
- PBFT minimizes computational waste vs. traditional PoW.
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Use Cases for Zilliqa
- Scalable dApps: Ideal for high-volume applications (e.g., ad-tech, payments).
- Low-cost microtransactions: Enables frictionless peer-to-peer transfers.
- Sustainable blockchain: PBFT reduces energy consumption by ~99% vs. Bitcoin.
FAQ Section
1. Is Zilliqa a good investment?
ZIL’s value depends on adoption and market trends. Research its technology, team, and ecosystem before investing.
2. How does Zilliqa achieve high TPS?
Through dynamic sharding—transactions are split across parallel chains for faster processing.
3. Where can I buy ZIL?
ZIL is available on major exchanges like Crypto.com, Binance, and OKX.
4. What makes Scilla unique?
Its emphasis on static analysis prevents common smart contract bugs (e.g., reentrancy attacks).
5. How is Zilliqa more eco-friendly?
PBFT consensus eliminates energy-intensive mining, reducing its carbon footprint.
Final Thoughts
Zilliqa’s scalability solutions and developer-friendly tools position it as a contender for next-gen dApps. While competition is fierce, its sharding innovation and sustainable design offer unique advantages.
For real-time ZIL metrics and staking options:
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