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Zilliqa (ZIL)

Zilliqa is a high-performance, a high-throughput public blockchain platform designed to scale and process more transactions per second.

Zilliqa is a public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution. The platform is home to many decentralized applications, and it also allows for staking and yield farming. The native utility token of Zilliqa, ZIL, is used for transaction fees and as the primary value transfer token in the network.

Example:

An example of using Zilliqa would be in transactions where high throughput is required, such as microtransactions or large volume trading. Zilliqa's high-speed and high-volume processing capabilities make it suitable for these cases

Category:

Blockchain and Technology
Crypto Basics
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