Review on Zilliqa by James Peters

Name: Zilliqa
Item: Zilliqa
Rating: 5

September 19, 2018

Zilliqa is a new blockchain platform that is designed to securely scale in an…

Zilliqa is a new blockchain platform that is designed to securely scale in an open, permissionless distributed network. The core feature that makes Zilliqa scalable is sharding – the division of the network into several smaller component networks capable of processing transactions in parallel. As a result, the transaction rate in Zilliqa increases as the mining network expands. Zilliqa aims to rival traditional centralized payment methods such as VISA and MasterCard. In fact, with a network size of 10,000 nodes, Zilliqa will enable a throughput which matches the average transaction rate of VISA and MasterCard with the advantage of much lower fees for the merchants.
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Pros

The security levels are also quite good, which assures the users of the blockchain that their identities will remain anonymous and that both their money and cryptocurrency are safe. A new design of smart contracts is also smart because it is designed with the highest level of parallelism, meaning the consumers will enjoy the full benefits of the feature. The platform is built to be able to scale, making it adaptable.

Cons

Current DApp platforms are not able to cope with a large amount of transactions. The most successful currently platform is Ethereum and its transaction capacity is quite poor. The popularity of CryptoKitties and subsequent network congestion only reinforces these points. If just one popular DApp can congest a network