Review on Zilliqa by Sophie Taylor

Name: Zilliqa
Item: Zilliqa
Rating: 4

September 19, 2018

On the contrary, Zillings traded in a range between its 18 March trough and US…

On the contrary, Zillings traded in a range between its 18 March trough and US$0.041. At times there were spikes above that range briefly touching a little over US$0.05. ZIL held that trading range for the better part of two months.
Auspiciously, on Friday 13 April, ZIL began to take bounding price gains. The cryptocurrency market as a whole lifted as some bullish news concerning institutional investors entering the market made headlines. Just on that day ZIL rose from US$0.0505 to US$0.05805, an increase of 15% in as little as 24 hours.
Since the fateful Friday 13th, ZIL has nearly doubled in value to an all time high of US$0.1058. As at the time of writing ZIL had tapered off slightly to around US$0.1007.
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Pros

Trading volumes of Zillings leave a lot to be desired. As mentioned above two major exchanges, Binance and Huobi, both have three books open on ZIL and account for nearly 95% of market-wide trade in ZIL. Despite their exchange backing, ZIL trading volumes are not much to be excited about. In only the last month has there been any consistent activity above US$20 million. On 25 March there was a brief spike in ZIL trading volumes to above US$35 million. After that brief spike, up to 12 April trading volumes remained modest, mostly below US$20 million. On 13 April there was a big spike to over US$53.6 million which may largely be attributed to a bullish sentiment that took hold of the market.

Cons

Scaling: Existing cryptocurrencies and smart contract platforms have widely recognized limitations in scaling. Average transaction rates in Bitcoin-, Ethereum-, and related cryptocurrencies have been limited to below 10 (usually about 3-7) transactions per second (Tx/s). Current smart contract execution requires every full node to perform the same computation which make smart contract execution slow and expensive. As the number of applications utilizing public cryptocurrencies and smart contract platforms grow, the demand for processing high transaction rates in the order of hundreds of Tx/s is increasing.