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About Zilliqa

Zilliqa is a cryptocurrency that aims to use sharding to solve the scalability issues facing many blockchains. Sharding is the process of dividing the mining network into smaller pieces, or shards, that process transactions in parallel.

Zilliqa (ZIL) is a public, permissionless blockchain that aims to offer high throughput by completing thousands of transactions per second. It strives to address the issue of blockchain scalability and speed by utilizing sharding as a second-layer scaling solution. The platform hosts numerous decentralized applications and, as of October 2020, it also supports staking and yield farming. The native utility token of Zilliqa, ZIL, is used to process transactions on the network and execute smart contracts. Zilliqa was first conceived by Prateek Saxena, an assistant professor at the National University of Singapore School of Computing, and developed by Zilliqa Research.

Zilliqa operates on a sharded network, which it purports to be among the early public blockchains to do so. This allows it to aim for high throughput and a high rate of transactions per second, which it aims to use to address the scalability issue. As each shard processes transactions individually, the number of transactions that can be processed per second increases as the network grows and the number of shards increases. Records are immediately added to the Zilliqa blockchain after being processed, eliminating the need for additional time for confirmation. The Zilliqa network is secured through a practical Byzantine Fault Tolerance, or pBFT, consensus protocol, which requires at least two-thirds of all nodes to agree that a record is accurate for it to be added to the blockchain.

Zilliqa aims to be a preferred blockchain for large-scale enterprise use, including the advertising, gaming, entertainment, and financial services and payments industries. It seeks to be used for a wide range of applications, from simple computations such as search, sort, and linear algebra computations, to more complex computations such as training neural nets, data mining, financial modeling, scientific computing, and any MapReduce task. Zilliqa's new language, Scilla, is designed for its smart contracts and is intended to automatically identify and eliminate security vulnerabilities at the language level, making it easier to formally verify the safety of smart contracts through mathematical proofs.

Development work officially started on Zilliqa in June 2017, and its testnet went live in March 2018. A little over a year later, in June 2019, the platform launched its mainnet. Zilliqa was first conceived by Prateek Saxena, an assistant professor at the National University of Singapore School of Computing. Saxena and several students in the School of Computing published a paper in 2016 that outlined how a sharding-focused blockchain could improve network efficiency and speed. Around the same time, Saxena co-founded Anquan Capital, which incorporated Zilliqa Research in June 2017 to develop the Zilliqa network. The Zilliqa network has been active and running transactions each month.

Market

Market stats

Market cap

$434.8M

Volume (24h)

$18.8M

Circulating supply

17.4B ZIL

All time high

$0.26

Price change (1h)

+0.28%

Price change (24h)

-1.46%

Price change (7d)

-0.77%

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Zilliqa is on the decline this week.

The price of Zilliqa has increased by 0.28% in the last hour and decreased by 1.46% in the past 24 hours. Zilliqa’s price has also fallen by 0.77% in the past week. The current price is $0.0250 per ZIL with a 24-hour trading volume of $18.83M. Currently, Zilliqa is valued at 90.24% below its all time high of $0.26. This all-time high was the highest price paid for Zilliqa since its launch.

The current circulating supply of Zilliqa is 17,372,203,179 ZIL which means that Zilliqa has as total market cap of 17,372,203,179.

FAQ

What is the current price of Zilliqa?

We update our Zilliqa to USD currency in real-time. Get the live price of Zilliqa on Coinbase.

What is the market cap of Zilliqa?

The current market cap of Zilliqa is $434.77M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Zilliqa?

The all-time high of Zilliqa is $0.26. This all-time high is highest price paid for Zilliqa since it was launched.

What is the 24 hour trading volume of Zilliqa?

Over the last 24 hours, the trading volume of Zilliqa is $18.83M.

What other assets are similar to Zilliqa?

Assets that have a similar market cap to Zilliqa include APENFT, Casper, Bitcoin Gold, and many others. To see a full list, see our comparable market cap assets.

How many Zilliqa are there?

The current circulating supply of Zilliqa is 17 billion.

Can I buy Zilliqa on Coinbase?

No, Zilliqa is not currently available on Coinbase, but you can sign up to get the latest news on Zilliqa and be notified when it gets added to our exchange.

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