Zilliqa

ZIL Price

What is Zilliqa (ZIL)?

Zilliqa (ZIL) is a token developed in the year 2017. Zilliqa is mainly based on the concept of Sharding and primarily aims at improving the scalability of the cryptocurrency networks as in case of Bitcoin or Ethereum. The white paper mentions that the transactions speed would be approximately a thousand times more than that of Ethereum network. Ziliqa is fast, secured and decentralized. Zilliqa’s high throughput means that you can focus on developing your ideas without worrying about network congestion, high transaction fees or security which are the key issues with legacy blockchain platforms.

Zilliqa's Sharding Mechanism

Zilliqa network uses a concept called Sharding where the transactions are grouped into smaller groups and divided among the miners for the parallel transactional verification. Developing smaller groups for transactional verification means the Consensus can be reached faster and hence a higher number of transactions can be processed in a given time frame. The capacity of the network linearly increases in other cryptocurrencies as the number of people joins the network, but in this case, the capacity is increased at a higher variable rate than the number of members joining the network.

By incorporating the Sharding Technology, it can completely revolutionize the smart contract functionality too. Ziliqa has few pros as it has a great new technology. Zilliqa is the first platform to use sharding technology. This puts it ahead of the rest of the market. It’s a completely new kind of blockchain designed to solve the problem of scalability. Third-generation platforms like Zilliqa could be the big winners in the future of cryptocurrency.

Ziliqa has a strong community. The platform has a lot of fans. The Zilliqa ICO only happened because there was so much demand for it. The Zilliqa ICO also shows that the crypto community is ready to see blockchain technology move to the next phase of its development.

Where can you buy Zilliqa?

ZIL tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Zilliqa is Binance, where the most active trading pair ZIL/USDT has a trading volume of $596,041.00 in the last 24 hours. Other popular options include Gate and OKX.

What is the daily trading volume of Zilliqa (ZIL)?

The trading volume of Zilliqa (ZIL) is $2,948,575.11 in the last 24 hours, representing a -22.30% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Zilliqa (ZIL)?

Zilliqa (ZIL) reached an all-time high of $0.2554 and an all-time low of $0.002186. It’s now trading -98.50% below that peak and 74.40% above its lowest price.

What is the market cap of Zilliqa (ZIL)?

Market capitalization of Zilliqa (ZIL) is $74,373,927 and is ranked #371 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of ZIL tokens (20 Billion tokens are tradable on the market today).

What is the fully diluted valuation of Zilliqa (ZIL)?

The fully diluted valuation (FDV) of Zilliqa (ZIL) is $78,487,747. This is a statistical representation of the maximum market cap, assuming the maximum number of 21 Billion ZIL tokens are in circulation today. Depending on how the emission schedule of ZIL tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Zilliqa compare against its peers?

With a price increase of 22.50% in the last 7 days, Zilliqa (ZIL) is outperforming the global cryptocurrency market which is up 4.00%, while outperforming when compared to similar Smart Contract Platform cryptocurrencies which are up 3.90%.