ZILLIQA (ZIL) widget

ICO date: 27.12.2017 - 04.01.2018
Product Type: Platform
Industry: Computing & Data Storage

ZILLIQA — a blockchain platform that is designed to scale to thousands ​of transactions per second.


ZILLIQA is a blockchain platform developed to scale to thousands of transactions per second.

The idea of sharding is at the forefront of ZILLIQA solution. It is designed to divide the mining network into smaller shards that are able to process transactions simultaneously. ZILLIQA juxtaposes computational sharding with the existing smart contract architectures (such as Ethereum) and expects to process about a thousand times the transaction rates of Ethereum (30 000 miners in 2017).

ZILLIQA has also proposed a smart contract language and execution environment. These solutions are supposed to make the ZILLIQA platform able to run highly scalable
computations in various fields, such as data mining, machine learning, etc. 

The ZILLIQA platform is designed for two types of entities: users and miners. A user is an external party who uses ZILLIQA system to transfer funds or execute smart contracts. Miners run ZILLIQA’s consensus protocol and get rewards. 

The token, ZILLIQA participants use to pay for transaction processing or run smart contracts, is called Zilling (ZIL). The supply is 21 billion ZILs. 

In January 2018 the team open sourced the alpha version of their Durian code. And on March 31 2018 ZILLIQA released a testnet with 1 000 nodes (4 shards) that runs on AWS.

Website: www.zilliqa.com
Whitepaper: Whitepaper

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See also