Zilliqa (ZIL)
This article gives the reader a brief summary about Zilliqa (ZIL), and what makes it unique.
What is Zilliqa?
Zilliqa is a blockchain which uses layer 2 sharding to address speed and scalability concerns. It is a high speed platform which hosts several DApps, allows DeFi activities such as staking and yield farming, and has the power to process thousands of transactions per second. ZIL token is used to transact and execute smart contracts. By dividing the network into multiple shards, several transactions are processed parallely without the risk of congesting the network. Zilliqa also boasts extremely low transaction costs.
Why buy ZIL?
Zilliqa is the first blockchain which fully utilizes sharding to improve scalability. As the network of users grows, the number of shards also increases, thus increasing the speed to process transactions. There is also no additional time required to confirm transactions. Zilliqa aims to be adapted by large scale industries due to its efficiency and ability to expand. ZIL is an ERC-20 token and its maximum supply is capped at 21 billion coins.
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