What Is Zilliqa (ZIL)? Zilliqa uses sharding to streamline blockchain consensus and speed up networks.

What Is Zilliqa (ZIL)?

Zilliqa (ZIL) is a cryptocurrency focused on transaction speed. It’s a blockchain 3.0 project that uses sharding to enable faster blockchain processing and cross-chain compatibility. Only pieces of the digital ledger are broadcast, verified, and processed by nodes at any given moment, allowing scalability that inspired some projects to leave Ethereum for Zilliqa.

Who Is Zilliqa?

Zilliqa was created in Singapore in 2017 led by Prateek Saxena, Xinshu Dong, and Amrit Kumar. It’s now supported and maintained by the Zilliqa Foundation, with a larger team including the founders.

Use Cases of Zilliqa

The Zilliqa network has transaction speeds that match Visa’s, meaning it’s capable of scaling to support widespread adoption. Several Ethereum projects have already migrated to the Zilliqa platform.

How to Mine ZIL

ZIL was an ERC-20 token until the mainnet launch in January 2019. It’s not a native cryptocurrency coin that’s mined using a modified Proof-of-Work (PoW) algorithm. It’s most likely to be mined by a mining pool or ASIC mining rigs.

Notable Zilliqa Investors and Partners

Zilliqa ecosystem partners include Mindshare, Asteria, DMM.com, LayerX, and the Hg Exchange. It’s working to onboard new partners every day.

Learn More About Zilliqa

If you want to learn more about Zilliqa, I wrote a full coin intro guide at Crypto Briefing. Or you can learn more about other cryptocurrencies across Thought for Your Penny.

Versability

Brian Penny is a former Business Analyst and Operations Manager at Bank of America turned whistleblower, troll, and freelance writer.

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