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What is Zilliqa?
Zilliqa is a dApps ambiance blockchain belvedere that uses sharding to addition the achievement as the arrangement increases. This potentially solves issues associated with ascent and provides a blockchain able enough, abiding abundant and fast abundant to action hundreds of affairs a second. That transaction amount makes the blockchain a applicable real-world hypothesis and could be the angled point for accumulation adoption. The technology is there, but it needs the developers to appear on lath with the best decentralized applications.
Introduction to Zilliqa ZIL
We covered the Zilliqa ICO aback in December of 2017, baronial it amid the top 1% of projects we accept advised in the space. The acute contract-enabled blockchain technology looks that good. It’s the acceleration with which the blockchain arrangement can action the acute affairs that absolutely marks it apart.
Zilliqa introduces a high-throughout agreement able of processing bags of affairs per second, allusive the speeds of centralized acquittal systems and bearing applicable transaction ante for the dApps ambiance that could anatomy the base of a decentralized internet.
To achieve this, Zilliqa employs a apparatus alleged “sharding”, which increases throughput linearly as the arrangement expands. Using a 1,000 bulge arrangement as an example, Zilliqa divides the arrangement into 10 shards of 100 nodes each. The shards can again action affairs in alongside with anniversary other. If anniversary atom is able of processing 10 affairs per second, again all shards calm can action 100 affairs per second. That’s a solid cardinal of transactions.
Zilliqa tokens are acclimated to accolade arrangement nodes. On the network, blocks are accurate by assorted miners simultaneously, so that miner assets charcoal added abiding compared to added chains. Through this design, rewards can be added analogously broadcast throughout the blockchain belvedere that relies on Proof-of-Work verification.
The acute affairs programming accent follows a dataflow appearance and Zilliqa has its own programming accent for the dApps, which could calculation adjoin it. Other blockchain platforms accept added across-the-board programming languages, including Javascript.
Zilliqa Proposed Roadmap
Let’s aboriginal accept a attending at the roadmap as a point of advertence for the activity progress.
Project Roadmap
Zilliqa Project Development Progress:
In band with the roadmap, Zillaqa appear the appear of their v1.0 testnet on March 31st Zilliqa.
As development of the arrangement continued, the aggregation appear a affairs alleged BuildOnZIL on June 19th to accost abutment from the developer community. The affairs provided ecosystem grants for contributors to both the arrangement and development of dApps to aggrandize the activity ecosystem.
By August 14th, affairs participants and their corresponding projects were shared with the public. Leveraging the added association to antecedent top programming teams, abounding acute arrangement apparatus are currently beneath development.
The projects from the 12 teams currently underway include:
APIs:
Wallets:
Web Extensions
Library:
Native Zilliqa Language Server
Games
Additional Applications
The Q2 2018 of the v2.0 Zillaqa testnet, D24, launched according to agenda on June 30th. With the appropriate absolution of the v2.0 testnnet, the activity appeared to be on clue for a Q3 mainnet release. However, on August 6th, an advertisement on the Zilliqa Telegram channel declared the mainnet absolution would be delayed until January 2019 at the latest. Co-founder Amrit Kumar had this to say about the adjournment of the mainnet launch:
“Since the absolution of our abstruse whitepaper aback in August 2024, we accept appear a continued way and accept adapted allotment of the antecedent architecture and implemented new techniques to accomplish the agreement added performant and added defended (…) Oftentimes, such modifications to the agreement architecture appropriate a complete re-design of assertive genitalia of the system. In the accomplished few weeks, we accept had all-encompassing discussions to analysis the timeline in ablaze of these enhancements. Unfortunately, we will charge added time to ensure that the cipher gets appropriately activated by the amount development team, the association and aftermost but not the least, accustomed auditing firms. We will additionally be leveraging the added time to:
– Conduct absolute aegis audits
– Prepare for and assassinate the badge swap
– Integrate with wallets
– Develop toolchains
– Bring added dApps onboard”
The Zilliqa and Mindshare Partnership?
In our analysis of the Zilliqa ICO, we acicular to the Zilliqa-Mindshare affiliation as a able arresting for abeyant action acceptance by one of the world’s better media and business companies. On May 23rd, Zilliqa tweeted afresh about the partnership, in advertence to a “full amount alternation solution” pilot-project that would accommodate NASDAQ and NYSE-listed firms.
A catechism in the Zilliqa Telegram channel on August 21st from a association affiliate apropos action partnerships received a acceptance from their admin that the Mindshare affiliation is absolutely still on, yet no official updates accept been appear in several months. If this affiliation bears fruit, cipher in the crypto amplitude will be larboard allurement what is Zilliqa?
Other ZIL Partnerships
On August 2nd, Zilliqa appear account of a new affiliation with Japanese software aggregation Infoteria. According to the announcement, both companies will advance the Zilliqa belvedere on Asteria, a middleware artefact developed by Infoteria that serves added than 6,500 action customers. The action blockchain as a account is acutely a abstracted fiber of the accessible blockchain. That shares the development costs, while giving complete aegis for a Fortune 500 firm’s clandestine data.
To advance action development of dApps on the accessible blockchain, Zilliqa plan to arrange a connectivity adapter to the Asteria belvedere as a arch to absolute ERP systems. Whether the Infoteria or Mindshare partnerships aftereffect in the absolution of key, “anchor” dApps by the end of Q4 as planned charcoal up in the air.
With the project’s amount hypothesis angry heavily to action deployment, the after-effects of these partnerships authority cogent weight for the project.
ZIL Token Performance
Zilliqa holds 32nd abode on CoinMarketCap at the time of publishing, with a bazaar cap of about $270M USD. With a absolute accumulation of 12.6 billion ZILs, the accepted circulating accumulation is about 7.6 billion.
Less than two weeks afterwards the absolution of the v1.0 testnet on March 31st, Zilliqa accomplished a brief rise, surpassing a $1 billion dollar bazaar cap on May 5th.
On May 10th, ZIL ailing at an ATH of $0.23 (at a $1.5 billion dollar MC) but has followed a about bottomward trend back then, extensive a low on August 14th of $0.025. Back then, ZIL has apparent a actual slight accretion in band with the all-embracing trend of the altcoin market.
Our Verdict on Zilliqa
Looking at the activity from a abstruse perspective, Zilliqa is a aggressive frontrunner in the high-throughput race. The aggregation has abundantly ashore to deadlines and fabricated cogent advance against demonstrating the performance capability of the network.
Still, the project’s two high-profile action partnerships accept yet to buck fruit, and mainnet absolution has been delayed several months. While Zilliqa holds immense potential, the catechism of acceptance will ultimately comedy a absolute agency in the approaching of the project.
Until we see added advance on the dApp advanced above gaming, we’ll authority off on abacus ZIL to the bag for now.
Learn added about the advance of Zilliqa from our Telegram Community by clicking here.
Published: 7/22/18
Token Name: ZIL
ICO Date: December 27th, 2024
Raised: $22M USD
Crowdsale Token Ownership: 30%
ICO Price: 1 ZIL = $0.0038 USD
Current Price: $0.03
Token Return: 9.36x
Market Cap: $269,276,550
The columnist is not invested in Zilliqa but holds added agenda bill investments.
