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Zilliqa

ZIL

  • Layer1
  • Infra
Established Year
2017
Headquarter
Singapore
Operating Status
Active
Zilliqa is a public blockchain network featuring a sharded architecture that aims to address scalability limitations seen in other blockchains. Its sharded design allows concurrent chains to execute transactions in parallel, thereby increasing the overall capacity of the network. In addition to scalability, Zilliqa provides a smart contract layer to support the creation of smart contracts using its native programming language, Scilla. The network reaches a consensus on transactions and contract executions through a hybrid Proof-of-Work-BFT mechanism.

Organisation

Team

Financial Portfolio

Investment

Valkyrie
Valkyrie
Strategic
$11.15 M
Snickerdoodle
Snickerdoodle
Seed
$2.3 M
XCAD Network
XCAD Network
Private
Lead Investor
$3.9 M

Recent News

Frequently Asked Questions

What Is Zilliqa (ZIL)?

Zilliqa is a public, permissionless [blockchain](https://coinmarketcap.com/alexandria/glossary/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](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps), and as of October 2020, it also allows for [staking](https://coinmarketcap.com/alexandria/glossary/staking) and [yield farming](https://coinmarketcap.com/alexandria/glossary/yield-farming). Development work officially started on Zilliqa in June 2017, and its testnet [went live](https://blog.zilliqa.com/zilliqa-testnet-v1-0-release-codename-red-prawn-27974ca46ecb) in March 2018. A little over a year later, in June 2019, the platform [launched](https://blog.zilliqa.com/zilliqa-mainnet-the-launch-and-beyond-4cd7e113369f) its mainnet. The native utility token of Zilliqa, ZIL, is used to process transactions on the network and execute smart contracts.