Zilliqa – ZIL ICO High-Throughput Blockchain Payment Transactions?

The Zilliqa platform is one of the most developed blockchain technologies that are in existence. A blockchain is a decentralized ledger of either currency or information. It is the most important development of the currency generation and the second most important development of the digital age, second only to the internet.

Blockchains work in a very similar way to contemporary currency. The difference between blockchain and other currency is they are decentralized. They are not under the control of anyone, unlike most fiat currency which is under the control of banks and governments. This eliminates the middle man. The result of this is freedom from beurocracies and reduced costs of transaction.

About Zilliqa

Zilliqa is a form of cryptocurrency. It is a market leader as it is the world’s first high-throughput, which is a public blockchain. The public blockchain was designed to facilitate thousands upon thousands of transactions on the blockchain per second. By doing so it is bringing to reality the sharding principle which previously was just a theory.

This has been made possible by a protocol the company has initiated that, as the network expands, increases rates. It has been designed to enable decentralization of data driven intitiatives. In this way the app meets the requirements of machine learning that are scaled.

The platform was not made hastily. As a matter of fact, the development of the platform took two years. During the development the platform was packed with some of the most ground-breaking developments in the world of blockchain technology.

Why They Are Needed

The platform is a revolution in the world of blockchain technology. It has been built to scale. It is a new design of blockchain that is scaled by the magnitude of the orders. The design of the smart contracts is also new. They have been designed with the highest parallelism possible. The commits are atomic and the security budgets are defined by the user. The level of security in the blockchain is strong.

The results of the former tests conducted on the blockchain were all posted online. If you wish to understand the method better then you should check out their site. The company has one of the most revolutionary blockchain inventions. The ability to host thousands of transactions per time period also means that the speeds are quite high regardless of a high number of users.

Benefits Of Zilliqa

  • The company offers the users exceptionally high speeds courtesy of the platforms ability to host numerous transactions at a time.
  • The security levels are also quite good, which assures the users of the blockchain that their identities will remain anonymous and that both their money and cryptocurrency are safe.
  • A new design of smart contracts is also smart because it is designed with the highest level of parallelism, meaning the consumers will enjoy the full benefits of the feature.
  • The platform is built to be able to scale, making it adaptable.

Conclusion Zilliqa

All the blockchain platforms are designed after the Satoshi model with few changes and modifications. This means a company purporting a new system is probably just an adaptation of the former system. The product is also yet to be released, meaning the most the consumer can do is just wait for the release date.

This blockchain is one offering revolutionary new systems. It has been in the works for a few month now, and it is a platform worth checking out. It is set to be released in November of this year.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

DeFi Growth & Stablecoin Surge Most Bullish Crypto Development: DCG State of Crypto 2020 Survey

39% of the respondents that involve 150 portfolio companies see DeFi as the most bullish crypto development of 2020, as per the DCG Founders...

Non-Custodial Bitcoin Exchange, Hodl Hodl, Launches Lending Service Without KYC

Hodl Hodl, a non-custodial Bitcoin exchange, is launching a KYC-free lending product for its customers. The exchange claims that its lending product would be...

Total Value Locked in Harvest Finance Surpasses $1 Billion, Up 366,200% Since September

Decentralized platform Harvest Finance that provides users a way to farm assets for the highest yields now has more than a billion dollars in...

Strong Institutional Demand for Bitcoin, CME Becomes Second Largest BTC Futures Market

Bitcoin's price made a big shift this week as the bulls gained control of the market and pushed it past $13,000. A similar shift has...

PoolTogether's ‘No Loss' Gambling Platform Utilizes Chainlink’s VRF on Ethereum to Select Winners

Chainlink announces its verifiable random function on the Ethereum mainnet, bringing a host of benefits to the decentralized platform. PoolTogether, a gamified savings platform...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today