Zilliqa coin (ZIL) is one of the top 100 most popular cryptocurrencies currently. In terms of market cap, it is currently the 100th largest digital currency (over US$1.08 billion in market capitalizations). Should you invest in it? Is it a good investment? To answer all your queries, let me walk you through the Zilliqa token, how it works, and many more.
Zilliqa is a public and permissionless blockchain. The main aim of designing Zilliqa is to offer high throughput with the facility of completing thousands of transactions per second (tps). This blockchain employs sharding as a second-layer scaling solution for solving scalability and speed-related issues of the blockchain. In addition, it allows yield farming, staking, and the development of many decentralized applications.
While the work to develop Zilliqa started in June 2017, the testnet went live only in March 2018. The mainnet was launched in June 2019. ZIL is the native token of the Zilliqa network, which processes transactions on the network and at the same time executes smart contracts.
Prateek Saxena, an assistant professor at the National University of Singapore School of Computing, is the founder of Zilliqa. He co-founded Anquan Capital along with Max Kantelia and Juzar Motiwalla. The research wing of the company, Zilliqa Research, was incorporated in 2017 and it brought:
Zilliqa claims that it is the first public blockchain in the world that relies entirely on a sharded network, allowing it to achieve high throughput and a high rate of TPS, thereby solving the scalability issue.
The best thing about a sharded public blockchain network is that each shard processes transactions individually. The number of TPS keeps increasing as the network grows and the number of shards increases. After processing, records get added to the Zilliqa blockchain immediately. This means that for confirmation, no additional time is needed.
Zilliqa wants to become the preferred blockchain use by the large scale enterprises, including sectors such as:
The Zilliqa team has said in its 2018 position paper that the Zilliqa platform wants “to rival traditional centralized payment methods such as VISA and MasterCard.” Significant reserves of ZIL tokens are held by Anquan Capital and Zilliqa Research.
Millions of transactions are carried out every month on the Zilliqa network, as of 2021. The best thing about this blockchain is that it has been scaling constantly. At the time of its mainnet launch, more than 900 blocks were produced on an average per day. Currently, it has increased to more than 2,500 blocks per day.
All these facts and figures (as of November 22, 2021) will help you to make a decision on investing in Zilliqa ZIL coins. Before making Zilliqa transactions, check out these facts and figures associated with this cryptocurrency of choice:
These are the facts that made the Zilliqa coin a preferred medium of exchange. Always check out market data and technical analysis before trading or investing. Also, consult crypto financial advisors and get tips from them on trending coins and how to earn crypto easily.
A consensus protocol called practical Byzantine Fault Tolerance (pBFT) secures the Zilliqa network. As per this consensus protocol, 2/3rd of all nodes of the network must agree in deciding the accuracy of a record. A transaction gets added to the blockchain only when two-third of all the nodes agree.
Each shard of the Zilliqa blockchain is dependent on a group of nodes for confirming a subsection of all the transactions. Once a consensus is reached by each shard, the collective results of the shards are confirmed by the second group of nodes. Only after these two crucial steps, a new block is added to the blockchain.
Elliptic-curve cryptography is used by the Zilliqa network for securing its consensus protocol. Multisignatures are allowed. In fact, the Proof of Work (PoW) algorithm is also used by Zilliqa (in addition to the pBFT consensus protocol) for assigning node identities and generating shards.
For its smart contracts, a new language called Scilla (short form of Smart Contract Intermediate-Level Language) has been developed by the Zilliqa network. This language is a safety-focused language that automatically identifies and eliminates security vulnerabilities at the language level. The safety of smart contracts for formal verification becomes easier through mathematical proofs.
You can buy Zilliqa coins in almost all top exchanges including:
You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange.
The most popular Zilliqa coin price pairs of Zilliqa are:
Before investing, check out historical data of token Zilliqa coin, fundamental analysis, crypto news, Zilliqa coin price charts, price performance, market updates, Zilliqa to USD (United States Dollar) exchange rate, Zilliqa price history, Zilliqa speed, Zilliqa price prediction and price forecast, and others.
The best Zilliqa coin wallets to store ZIL coins are:
You can buy and sell Zilliqa coin and other virtual currencies (including Cardano price) against various fiat currencies (US Dollar USD, British Pound Sterling, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Taiwan Dollar, Russian Ruble, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs or mobile app, and Zilliqa coin markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility.
If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit.
You can also diversify your crypto coin portfolio by including other digital assets such as Zilliqa, XMR, FIL, ETC, WBTC, BCH, BTC, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Gold (also called Bit Gold), Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Shiba Inu SHIB, Binance Coin, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, Internet Computer, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, Axie Infinity, and others.
Invest in cryptocurrencies, various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return.
Whether you are a professional or retail investor, you can expose your capital to a diversified portfolio of digital assets & crypto asset classes by simply investing in NapBots. It is a smart crypto index service that introduces multifarious features and passive portfolio management strategies for enabling cryptocurrency investors to streamline their trading experience in new ways.
NapBots provides you with various indices that include a basket of tokens with high market capitalization and are categorized by theme (such as Solana, NFT, DeFi, and others). This platform introduces an intuitive interface as well as advanced allocation tools for enabling new investors to create and manage advanced crypto indices easily.
The best part of NapBots is that it tracks and executes trades automatically on the basis of your pre-set choices of indexes. The platform is very affordable as it enables you to start trading as low as US$150 with a monthly service fee of just 2.5%, which is far below the current rate of other cryptocurrency index providers. Therefore, NapBots reduces the financial barriers and at the same time eliminates the need for human intervention and the consequent human error.
Get started with crypto-asset investing by investing through napbots.com, a dynamic crypto index for expanding diversified exposure to bitcoin and leading Crypto-assets at reduced financial barriers and no human error.