Zilliqa News

Zilliqa is a blockchain platform launched in 2017 by the team of developers from Singapore and the UK. The platform was designed for creating smart contracts and dapps and uses a mixed consensus mechanism: proof of work and Byzantine Fault Tolerance. The main feature of Zilliqa blockchain is high scalability possible due to network sharding: new shard every 600 nodes. The testnet has shown the possibility of almost 2500 transactions per second. Zilliqa is powered with ZIL cryptocurrency, an ERC-20 token, used to pay fees during transactions. ZIL coin was introduced to publicity at the beginning of 2018 and stayed in TOP-50 for more than a year. 40% of coins are distributed for mining. The team launched the mainnet in January 2019 and planned to change ERC-20 tokens to their blockchain.