The native token on the Zilliqa blockchain is called Zilliqa coin (ZIL). To increase the quantity of transactions that the blockchain can process, Zilliqa employs sharding technology. On the Zilliqa blockchain, Zilliqa tokens are used to pay for computing power.
What is Zilliqa coin?
Zilliqa is a block chain technology platform aimed at large-scale businesses in the gaming, entertainment, advertising, financial services, and payment industries. The company is trying to expand its decentralised application (app) and cryptocurrency ecosystem.
Its technology, which is distributed across numerous interconnected blockchains, is designed to enable more transactions than other platforms. It was founded in June 2017 by two co-founders, Amrit Kumar and Xinshu Don. Both of them were National University of Singapore researchers. ZIL is Zilliqa’s token currency.
What makes Zilliqa Coin unique?
Zilliqa promises to be the first public blockchain to use a sharded network exclusively. This enables it to reach high throughput and a high rate of transactions per second, hence resolving the scalability issue, according to the company. Because each shard processes transactions independently, the number of transactions that can be processed per second increases as the network develops and the number of shards grows. Furthermore, records are instantaneously posted to the Zilliqa blockchain after processing, requiring no additional confirmation time.
Zilliqa aspires to be the blockchain of choice for large-scale enterprise applications, such as advertising, gaming, entertainment, financial services, and payments. The platform’s team stated in its 2018 position paper that it “aims to rival existing centralised payment mechanisms such as VISA and MasterCard.”
Anquan Capital and Zilliqa Research, the corporation that developed Zilliqa, both have considerable ZIL reserves. The Zilliqa network is still operating in 2021, processing millions of transactions every month. The blockchain has also been consistently growing, moving from over 900 blocks per day when the main net first started to over 2500 blocks per day now.
This protocol has a number of specific attributes, including ensuring liquidity and ensuring lightning-fast transaction speeds on the network. This distinguishes it from other Ethereum-based Decentralised Finance protocols while also establishing a variety of mining opportunities.
Where can you buy Zilliqa Coin (ZIL)?
You must first open an account with a reputable Cryptocurrency exchange to begin trading and investing in Zilliqa and other cryptocurrencies. A cryptocurrency exchange is a broker that lets you trade Zilliqa and other cryptocurrencies in India.
Let’s say you want to buy ZIL in India and want to acquire the best price as quickly as possible. BuyUcoin Exchange is the sole exchange you’ll need to start investing in Zilliqa in such an instance. You can even invest in Zilliqa (ZIL) with your debit card through MasterCard NEFT or UPI.
Is Zilliqa coin a good Investment?
Zilliqa recently shook the crypto world when it announced the debut of Metapolis, its new metaverse project. The launch of this new platform might propel Zilliqa into the top 50 cryptocurrencies by market cap, solidifying its place as one of the most promising crypto ventures.
Many investors are now focusing their attention on the project’s native utility coin, ZIL. What will happen to its pricing in the future? Is this an excellent long-term investment? In our Zilliqa price prediction, we’ll find out all of this and more.
It’s possible. In terms of bringing technologies to market that will help make blockchain more scalable, Zilliqa has a lot to contribute. Furthermore, the coin has recently fared admirably.
When it comes to investing, caution is essential. Cryptocurrencies are extremely volatile, and values can go up as well as down. You must conduct your own research and invest only what you can afford to lose.
Tokens – ZIL, ZIL-INR, INR-ZIL, USDT-ZIL, ZIL-USDT
