Zilliqa on KickEX
What is Zilliqa
Most blockchains had two main problems 2–3 years ago — scalability and transaction speed. Even advanced networks like Ethereum, with their smart contracts and decentralized applications, were falling dramatically in performance under increased load.
There were several ways to solve this problem. An unusual but effective way was suggested by Singaporean Xinshu Dong in 2017. Note right away that Dong was a leading cybersecurity expert in Singapore at the time and had a PhD in computer science. The method consisted of so-called sharding, where the network is split into separate nodes (shards). These nodes process incoming information in parallel, and then produce a general consensus with the rest of the shards.
As a result, the throughput of sharding networks increases many times over. And with the scalability of the number of shards, performance does not drop. The technology uses a new algorithm, BFT, in which a new block is generated every 2 minutes.
In 2018, Zilliqa went public with an ICO, and in 2019 it launched mainnet. Since then, the project has entered into a number of important partnerships, and the sharding technology has shown its viability.
A bit of numbers
Zilliqa is currently ranked 92nd on CoinMarketCap with a capitalization of $1.3 billion. The exchange rate today is 11 cents, which by the way is relatively small considering the maximum issue of 21 billion tokens. It’s also half that from its ATH of 20 cents. Daily volumes are over $100 million, which shows the attention investors and speculators are paying to the coin.
Zilliqa is popular among traders, and the special convenience is that now you can trade this coin on KickEX, saving on transactions between different exchanges.
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