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    $0.0227906 $ 0.0227906
    +¥5204,24 -1.2% 1D
    1D 1M 1Y ALL
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    Market Cap (USD)
    344.83M
    24H Volume
    18.66M
    Circulating Supply
    15.12B ZIL
    Max Supply
    21B ZIL
    All Time High
    0.255376
    Rank
    94

    About Zilliqa (ZIL)

    A smart contract is a program that is built into the blockchain, and Zilliqa is a blockchain platform capable of running smart contracts. Developers can use Zilliqa to create decentralized applications (DApps). It has similar functionality to other programmable blockchains such as Ethereum (ETH), Cardano (ADA) and Solana (SOL).

    Decentralized applications (DApps) are powerful and can enable many things, such as Decentralized Finance (DeFi) — a blockchain alternative to traditional financial services. They can also be used to mint and sell non-fungible tokens (NFTs) or form NFT marketplaces.

    Zilliqa is divided into multiple parts, which are called fragments, and this is what makes Zilliqa unique and allows it to process more transactions. Zilliqa's official website states that it is the first public chain to use sharding.


    How Zilliqa works

    ZIL is the first public chain project to put sharding technology into use, which greatly improves transaction processing speed and provides a good solution to the scalability of public chain projects.

    It can be said that sharding technology is a unified distribution network mechanism for parallel processing of nodes. In Zilliqa's ecosystem, every 600 nodes will be assigned to a network shard, and a parallel network formed by multiple shards is called a sharding network. Similar to the parallel and series in physics, sharding technology has nodes put into shards for series connection, and then different shards are connected in parallel. It is through such sharding processing that Zilliqa greatly enhances the scalability of its own network and greatly improves the transaction processing speed.

    As the number of participating nodes in the network continues to increase, transaction throughput also increases at an almost linear rate.

    For most blockchains, as the number of participating nodes in the network increases, each transaction must now be broadcast to more nodes and added to their ledger before being validated, limiting transaction throughput. This can explain why many solutions to increase transaction throughput rely on limiting the number of participating nodes in the network. It is at the cost of reducing the degree of decentralization. The well-known EOS uses the DPOS consensus mechanism to select 21 super nodes to increase the speed of consensus. ZIL starts with 1 shard and achieves 481 transactions per second; 2 shards and achieves 995 transactions per second; 4 shards and achieves 1967 transactions per second; 6 shards and achieves 2828 transactions per second, demonstrating the linear scalability of the platform.


    What is ZIL?

    With a total issuance of 21 billion, ZIL is the native token of the Zilliqa blockchain, designed to support and scale decentralized applications ranging from financial services to NFT markets.

    ZIL can be used to navigate the Zilliqa blockchain by executing smart contracts and paying transaction fees. At the same time, with ZIL, users can participate in every dApp and enjoy platform services built on the Zilliqa blockchain, and they can also use ZIL to pay for products and services, buy and sell NFTs, etc.


    ZIL Crypto Wallet

    In addition to placing ZIL in the Gate.io exchange for easy trading, users can also save ZIL in a crypto wallet.

    The development team of the ZIL community has developed and cooperated with a variety of wallets for different users and applications to choose from. For example, there are Moonlet, Zilpay, Ledger, Trust Wallet, Zillet, etc.

    Take Moonlet as an example. It is a cross-platform crypto wallet that supports all iPhone and Android phones and runs on Chrome as an extension.

    Another encrypted wallet, Zilpay, is an open-source interactive wallet for signing, receiving and promoting Zilliqa transactions under the ZIL ecosystem. A few days ago, ZilPay launched a DApp browser in the application, and now developers can promote their projects in the browser.

    In the physical environment, users can choose wallet products that are more suitable for them according to their own needs.
    Expand

    Zilliqa Market

    Currency Price 24H Change Action
    ZIL /USDT
    3X Margin
    $0.0227906 -1.2% Trade
    ZIL /USDT
    Futures
    $0.02266 -0.74% Trade
    ZIL /USDT
    Spot
    $0.0227906 -1.2% Trade

    Zilliqa News

    News
    Announcements
    Nifty News: Zilliqa teases Web3 gaming console, Funko teams up with Warner Bros. and more…

    Nifty News: Zilliqa teases Web3 gaming console, Funko teams up with Warner Bros. and more…

    Specifications on Zilliqa’s "user-friendly" console are yet to be revealed, but a prototype design resembling an Xbox console has been released.
    Source: cointelegraph Posted: 2022-09-23
    Gate.io Sponsors F1/F2 Racing Duo, Fittipaldi Brothers, As It Increases Its Presence In Brazil

    Gate.io Sponsors F1/F2 Racing Duo, Fittipaldi Brothers, As It Increases Its Presence In Brazil

    Gate.io, one of the world’s leading cryptocurrency exchanges, recently announced it has joined the Fittipaldi Brothers as sponsors for the 2022 Formula 1 and Formula 2 seasons. This move comes as the company has increased its commitment in the Brazilian market, which has seen demand for cryptocurr...
    Source: Gate.blog Posted: 2022-05-20
    A Brazilian CBDC is now official, as Central Bank announces 2022 launch

    A Brazilian CBDC is now official, as Central Bank announces 2022 launch

    President of Brazil’s Central Bank Roberto Campos Neto confirmed this April that the long-awaited Brazilian Central Bank Digital Currency (CBDC) should arrive during the second semester of 2022. What will the Brazilian CBDC look like? It will be the first CBDC to come with a limited supply, muc...
    Source: Gate.blog Posted: 2022-04-28
    Gate.io’s Daily Market Trends (June 26th): Brazil May Launch Digital Currency in the Year Purpose Bitcoin Increases its Holdings in Bitcoin

    Gate.io’s Daily Market Trends (June 26th): Brazil May Launch Digital Currency in the Year Purpose Bitcoin Increases its Holdings in Bitcoin

    As of 12:00 GMT, Bitcoin’s spot price was $32051.99 and Ether’s price was $1823.83. Bitcoin’s price experienced a decline yesterday after several failed attempts to break through pressure points, ending a two-day retracement of the rising state. Currently, Bitcoin’s price is back near $32,00...
    Source: Gate.blog Posted: 2021-06-26
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