Reasons to invest in Zilliqa (ZIL)

Zilliqa (ZIL) is one of the most recent cryptocurrencies to hit traders around the world. It was introduced on January 25, 2018, when the entire market was in ruins due to Bitcoin’s sharp decline. It is now a fact that Bitcoin is the largest cryptocurrency that currently exists in terms of market cap and price.

Despite these two facts, the January 2018 debacle made this coin susceptible to volatility and various security threats, raising significant doubts in the minds of crypto traders. Under these circumstances, it is difficult for any cryptocurrency to progress as a newly introduced currency. But Zilliqa made this seemingly impossible possible through his own functions.

Also invest in Zilliqa?

ZIL at Bitcoin Master

ZIL at Bitcoin Master

Easily buy Zilliqa and 100+ other cryptocurrencies with iDEAL. Especially for beginners and Dutch support.

Buy Zilliqa from Bitvavo

Buy Zilliqa from Bitvavo

Buy Zilliqa and other cryptocurrencies with iDEAL. Especially for beginners and Dutch support.

Zilliqa traded with Binance

Zilliqa traded with Binance


Zilliqa and hundreds of other cryptocurrencies traded for a very low fee. Now with a 50% discount on the fees!

Zilliqa was introduced as the world’s first public blockchain with high transaction speed, whether or not the highest, and started making its entrance right after the successful ICO token sale. This unique feature, along with several others, has helped the coin capture the attention of a significant number of traders. As a result, there has been no major decline in the price and market capitalization of this currency so far. Zilliqa has managed to secure a commendable position on the CoinMarketCap toppling many potential big names. Zilliqa Sharding, one of Zilliqa’s most recently implemented processes, is discussed in this article along with other commendable achievements to highlight why sticking to this coin would be a wise decision this year.

The Zilliqa Sharding Process

In Database Management Systems, sharding refers to a technique for partitioning different data horizontally to a database or search engine. In this way, the fragments of a single data item are stored in different locations, which guarantees security in case of incidents such as hacking. In the case of blockchain technology, Sharding refers to a simple but effective process where mining is fragmented into several small parts called “shards”. It is a mandatory approach to increase the scalability of a blockchain protocol.

Ethereum was the first cryptocurrency to attempt to implement blockchain sharding to get rid of malicious nodes and make it easier to construct the consensus algorithm. However, the randomness of these mining “shards” creates a communication problem. Zilliqa’s development team was able to solve this problem by designing a system where all shards would work simultaneously. The sharding approach chosen by the Zilliqa team allows them to retrieve a copy of the current state of each node. The benefits that Zilliqa Sharding offers include:

  • Sharding divides nodes into shards. As the number of nodes increases, the number of shards increases proportionally to accommodate new nodes in the system. As a result, the network traffic is always free from any kind of congestion and stagnation.
  • Because of this good flow, the blockchain of this cryptocurrency offers a completely scalable and fast transaction system that not only saves time for traders, but also cuts down on unnecessary waste of electricity and expenses..
  • Sharding makes this cryptocurrency more secure. Because the mining takes place in different fragments spread over different locations, it becomes almost impossible for cyber criminals to hack important data or currency tokens from this platform.

Also invest in Zilliqa?

ZIL at Bitcoin Master

ZIL at Bitcoin Master

Easily buy Zilliqa and 100+ other cryptocurrencies with iDEAL. Especially for beginners and Dutch support.

Buy Zilliqa from Bitvavo

Buy Zilliqa from Bitvavo

Buy Zilliqa and other crypto currencies with iDEAL. Especially for beginners and Dutch support.

Zilliqa traded with Binance

Zilliqa traded with Binance

Zilliqa and hundreds of other cryptocurrencies traded for a very low fee. Now with a 50% discount on the fees!

Zilliqa partnerships and collaborations

Zilliqa has entered into several partnerships this year to increase token trading and popularity among crypto traders. During the last month of this year, Zilliqa has partnered with two other major cryptocurrencies: Bluzelle (BLZ) and Genaro Network. Both currencies support Zilliqa as a shared backend storage provider. As a result, dApp developers can now choose a storage provider of their own preference, with the API (Application Program Interface) support of Genaro Network and Bluzelle.

Important events

The Zilliqa development team has been extremely busy this month. They have already attended several cryptocurrency meetings such as the World Digital Asset Summit in Singapore, Bloxpo meet-up in Stockholm, and many more. With these events, more traders should come across this ingenious coin and the capabilities of the coin should eventually increase its popularity.

Conclusion

Zilliqa has one of the most efficient development teams in the crypto world and is constantly making new improvements for the owners of Zilliqa. According to the latest progress report, they have improved their testnet deployment system and made significant changes to their main protocol. This crypto coin has achieved a position in the top thirty currencies within a few months! Therefore, judging by this trend, it can be concluded that Zilliqa holders can be hopeful.

Mike Owergreen Administrator
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