Zilliqa (ZIL) is a high-throughput public blockchain platform designed to scale to thousands of transactions per second. It introduces the concept of sharding to allow for linear scaling as the blockchain grows in size. Each shard operates as a consensus group, processing transactions in parallel, thus increasing the overall capacity of the network. Launched in 2017, Zilliqa also features a unique smart contract language called Scilla, which is secure and facilitates formal verification. The network utilises a hybrid consensus mechanism combining proof of work and Byzantine fault tolerance. Its native cryptocurrency, Zillings or ZILs, is used to execute smart contracts and pay for transactions on the network.
Zilliqa (ZIL) is a high-throughput public blockchain platform designed to scale to thousands of transactions per second. It introduces the concept of sharding to allow for linear scaling as the blockchain grows in size. Each shard operates as a consensus group, processing transactions in parallel, thus increasing the overall capacity of the network. Launched in 2017, Zilliqa also features a unique smart contract language called Scilla, which is secure and facilitates formal verification. The network utilises a hybrid consensus mechanism combining proof of work and Byzantine fault tolerance. Its native cryptocurrency, Zillings or ZILs, is used to execute smart contracts and pay for transactions on the network.