Zilliqa
Current price
$0.003151
−7.97%24h
LiveUpdated 22s ago
TodayZilliqa drops 8.0%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.69%
- 24 hours−7.97%
- 7 days−7.81%
- 30 days−2.77%
- 1 year−62.35%
Zilliqa's move in context
Lagging the market today
−7.97% today against −3.24% for the market as a whole, a gap of 4.7 points. A gap this wide suggests something specific to Zilliqa may be moving it, not just the market mood.
Part of a slide
−7.8% over 7 days and −2.8% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Zilliqa
Overview
Zilliqa is a high-performance, scalable blockchain platform designed to facilitate smart contract development and decentralized applications (dApps). Its core mission is to improve transaction throughput and scalability within the blockchain ecosystem. Zilliqa distinguishes itself by utilizing sharding technology, which allows it to process thousands of transactions per second, far surpassing conventional blockchains. The platform aims to address current issues of congestion and high fees commonly observed in established networks, offering a more efficient and cost-effective alternative.
Technical Features
One of the hallmark features of Zilliqa is its unique consensus mechanism called Practical Byzantine Fault Tolerance (PBFT) coupled with its sharding approach. Sharding divides the network into smaller, more manageable pieces, or shards, enabling parallel processing of transactions. Each shard processes its own transactions and smart contracts, significantly increasing the overall throughput of the network. The Zilliqa network architecture consists of a set of nodes that are divided into different shards, each responsible for validating a separate subset of transactions. This design not only enhances performance but also boosts security as it becomes increasingly difficult for malicious actors to compromise the entire network. Zilliqa also employs a secure random sampling technique that ensures nodes are randomly assigned to shards, further bolstering its security model.
Use Cases
Zilliqa serves various applications, prominently in the realms of decentralized finance (DeFi), non-fungible tokens (NFTs), and enterprise solutions. In DeFi, Zilliqa enables developers to create efficient financial applications with low transaction fees and fast processing speeds. For NFTs, the platform supports the creation, trading, and management of digital assets with unique properties, attracting artists and creators seeking to monetize their work. Additionally, Zilliqa's smart contract capabilities allow for governance applications, allowing stakeholders to propose and vote on changes within the ecosystem. The platform is well-suited for cross-border payments due to its speed and low-cost transactions, making it an attractive solution for many industries.
Development Background
Zilliqa was founded in 2017 by a team of researchers from the National University of Singapore, including co-founders Xinshu Dong, Amrit Kumar, and Prateek Saxena. The project gained significant attention after its initial coin offering (ICO) in 2018, which raised over $22 million. Significant milestones since its inception include the launch of its mainnet in January 2020 and the implementation of Zilliqa 2.0, which introduced various enhancements to its platform. The ongoing development has been marked by numerous partnerships with academic institutions and industry players, further solidifying its position in the blockchain space.
Community and Ecosystem
The Zilliqa ecosystem is bolstered by a vibrant community of developers, contributors, and users. It hosts a number of dApps across various sectors, including gaming, finance, and supply chain management. The Zilliqa team actively engages with their community through forums, social media, and regular updates. The ecosystem is continuously expanding through partnerships with technology companies and educational institutions, fostering innovation and collaboration. Additionally, Zilliqa has launched initiatives aimed at supporting developers, such as grants and hackathons, promoting the growth of its ecosystem.
Future Potential
The future potential of Zilliqa appears promising, driven by its technological innovations and evolving use cases. As the demand for high-speed and low-cost blockchain solutions continues to grow, Zilliqa's sharding technique positions it favorably to capture a significant market share. Upcoming developments in its roadmap include enhancements to its smart contract capabilities and further partnerships to integrate Zilliqa into various sectors. The project continues to focus on sustainability and scalability, ensuring it evolves to meet the needs of its users while maintaining a secure environment. As Zilliqa's community grows and adoption increases, its impact on the broader blockchain landscape is likely to be significant.
Zilliqa market
- Position by market cap among the coins we track.
- #204
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $66.17M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.003139High $0.003437
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $0.2554
- Now 1% of itReached 6 May 2021 · Needs +8,005% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 21B ZIL
- 100% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 21B ZIL
- The most coins that can ever exist. Some coins have no limit.
Zilliqa converter
1 Zilliqa = $0.003151
