A smart contract blockchain platform called Zilliqa has been developed. To increase the number of transactions that may be completed at any one moment, Zilliqa employs a technique known as sharding.
Zilliqa also utilizes a hybrid proof-of-work and Practical Byzantine Fault Tolerance consensus process (PoW and pBFT).
The Zilliqa coin, often known as ZIL, is the platform's native cryptocurrency. The cryptocurrency ZIL is used to fund blockchain transactions. These fees are used to compensate the nodes that do the blockchain's calculations.
A group of scholars from Singapore's National University established the initiative in 2017. Later, the team established Zilliqa Research to oversee the development of the technology.
3 Application Areas
Decentralised finance (DeFi) Access financial products and services in an open, transparent financial marketplace.
NFTs and the creator economy Create, discover and collect with the latest NFT marketplaces, and unlock new revenue streams through the creator economy.
Decentralised apps (dApps) Use and explore fast, scalable apps you will love in gaming, finance, community building, and more.
History of improvement
Here is a List of improvements in 2022 alone.
Mainnet upgrades: v7.0.2
One-stop GUI to launch all the above dev tools
Rosetta Integration
CryptoScam DB
Enhanced version of simulated environment
Introduction of ZWAP, governance token for ZilSwap DEX
Learn Scilla portal revamp
Devex Apollo
Governance Portal and forum
Mainnet upgrades: v8.0.0, 8.0.1, 8.0.3, 8.0.4
Revamped dev portal for documentations.
SocialPay
HGX Sandbox graduation
Zilliqa JS SDK v3.0.0
Mainnet upgrades: v8.0.6, 8.0.7, 8.1.0, 8.1.1
ZilBridge Launch
Zilliqa JS SDK v3.1.0, V3.2.0, v3.3.0, v3.3.1, v3.3.2, v3.3.3
gZIL minting concluded
Key Resources & Readings:
Zilliqa
Zilliqa (@zilliqa) · Twitter
Zilliqa (ZIL) Price, Charts, and News | Coinbase
https://www.coinbase.com › price › zilliqa
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