Zilliqa (ZIL) - USD

$ 0.02259
Just now
(4.70%)
Market cap.
$ 431.05 M
Vol 24h
ZIL 268,480,935.8 ($ 6,065,996.6)
Low/High 24h
$ 0.02153 - $ 0.02347
Open 24h
$ 0.02158
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Zilliqa leverages on its silicon-smooth, speedy and cost-effective blockchain platform to catalyse and transform digital infrastructure across all global communities and industries.

Zilliqa is a high-throughput blockchain platform that achieves over 2,828 transactions per second in its testnet by the implementation of sharding. Moreover, Zilliqa is designed so that the throughput scales almost linearly as the number of nodes scales, ensuring that Zilliqa’s capacity can continue to grow to meet demand.

The Zilliqa network is secured through a practical Byzantine Fault Tolerance, or pBFT, consensus protocol, meaning that at least two-thirds of all nodes must agree that a record is accurate in order for it to be added to the blockchain. Each Zilliqa blockchain shard relies on a group of nodes to confirm a subsection of all the transactions, and once each shard has reached a consensus, a second group of nodes confirms the shards' collective results and adds a new block to the blockchain. The network uses elliptic-curve cryptography to secure its consensus protocol and allows for multisignatures. In addition to the pBFT consensus protocol that secures its transaction records, Zilliqa also uses a proof-of-work algorithm to assign node identities and generate shards. Zilliqa developed a new language, Scilla, for its smart contracts. Short for Smart Contract Intermediate-Level Language, Scilla is a safety-focused language intended to automatically identify and eliminate security vulnerabilities at the language-level and make it easier to formally verify the safety of smart contracts through mathematical proofs.

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Whitepaper

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