What is Zilliqa?
Zilliqa is a token that presents the implementation of the “Sharding protocol” and its functionality. This new blockchain platform offers an amazing solution which could match the productivity of the traditional payment methods such as Visa and Mastercard. Most of all, Zilliqa`s transaction speed capacity is increasing with its networks size, the bigger, the better. It was designed to process thousands of transactions per second. Apart from that, the total supply is set to 12,600,000,000 ZIL tokens, amazing right?
Advantages
There are many reasons to choose Zilliqa token, the development team is well-known by the crypto enthusiasts and big game players like FBG Capital and Kenetic. ZIL managed to reach the amazing rate of 2488 operations in 1 second and that was achieved only with 3,600 nodes. Just imagine what it will be when that number grows and networks capacity with it, that is the definition of unlimited potential.
- Amazing TPS (transaction per second) rate
- Supports Smart contracts and DAPPS
- Sharding implementation
Disadvantages
Some experts say that the project`s idea is a bit outdated and if it was released 2y ago it was about to be something special but ever-since there are other similar competitive platforms on the market, offering the same features, its future is uncertain. If we take under consideration that the platform efficiency relies on the number of nodes and its popularity, it may be a total loss of time if it does meet the attention it seeks.
- Delayed main net release
- There are many competitors
History and Evolution
The person standing behind the project as its CEO is Xinshu Dong, a man with who was initially building security systems and later on become part of the Singapore’s national cybersecurity projects. He graduated from National University of Singapore with Doctor of Philosophy (Ph.D.) in Computer Science (2008 – 2013). His personal project was the Zilliqa cryptocurrency and it was released in 2018. The ICO funding campaign was started on the 27th of December 2017 and ended on the 4th of January 2018. For pretty much a year the amazing amount of $20,000,000 was raised as a solid starting capital. He is a bright example that success is a result of many efforts and time dedication to build and uphold a reputation like his.
Zilliqa’s Future
If you are about to purchase any ZIL tokens or you already did, you should be prepared for a long-term investment because the project release date was postponed for the first 4 months of 2019. In case you are looking for detailed reliable information about the current state of the project, you should check their official blog.
Zilliqa Blockchain
Since the Zilliqa tokens are using the Ethereum blockchain the true terming that must be used describing this digital asset is token because coins got their own chains to operate on. For now, there is not further intelligence pointing how, when and most importantly under what terms and conditions the project will be launched. At this current moment, you can try the test net if you want to overview the project’s progress. Not long ago the development team apologized publicly for the inconvenient delay caused and kindly asked for support and understanding out of its users. If everything stays as planned, in several months will be able to see the final result and decide whether or not this platform worth the shot.
How to Get Zilliqa at Exchanges
To get your fresh new ZIL crypto tokens you need to acquire some BTC or ETH first, you can do that easily through Coinbase. Then you must go to Binance exchange and purchase your Zilliqa cryptocurrency from there. You may ask yourself, why to bother that much, does it worth the effort? Yes, it does, Binance listed ZIL on March the 5th, a month later, the price was up high, but that was also a result of the established partnership with NoorCoin which increased the self-value of Zilliqa and ensured a proper position for it on the market scene.
| Exchange | Buy Zilliqa with: | Buy with Fiat Money: | |
|---|---|---|---|
| Bitcoin, Ethereum + 1 more | N/A | Trade now | |
| Bitcoin, Ethereum | N/A | Trade now |
Wallets for Zilliqa
Zilliqa intends to have its own wallet, in a manner of fact, there is an available version in their testing platform but don’t try to send any ZIL tokens there, because they will be lost forever. In case you want to take a peek, you can download it from their official webpage. You don’t need to worry about the operating system of yours because it supports Windows, Linux, and Mac. In case you are wanting to acquire some ZILs, I will recommend you use MyEtherWallet to stash them or one of the alternatives mentioned below.
Alternative Wallets
There are many alternative wallets on the market suiting different users demands and needs. Some people prefer higher security, others better accessibility. The variety of wallets available online is huge, they are generally split in several sections, cold and hot wallets, depending on their access to the internet and based on their client interface, they could be mobile, desktop or web.
Mobile Wallets:
Web Wallets:
News
News and additional information regarding Zilliqa cryptocurrency and its evolution you can find on their main page or you can also check the social network account. Underneath you will find additional links to the most common and popular links related with Zilliqa token.