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Review on Zilliqa by Hugh Marcheterre
Zilliqa was born focused on solving this problem. The foundation of Zilliqa…
Zilliqa was born focused on solving this problem. The foundation of Zilliqa was built to increase the transaction speed by the amount of miner involved in the system (this is in contrast to most other blockchain platforms).
Zilliqa's operating mechanism focuses on the fragmentation of the mining network into smaller parts, thus speeding up transaction processing - called sharding.
Pros
- ZILLIQA was started from a well-invested project at the National University of Singapore (National University of Singapore). So, before the ICO, Zilliqa had a fully functional blockchain system - a product of the Zilliqa team under the auspices of the National University of Singapore. The Zilliqa development team includes some very prominent individuals in the blockchain world.
Cons
- Currently, a large number of electronic money and smart contractor projects have problems in expanding and developing their networks, more specifically, the number of transactions made. per second is limited (for example, the current Ethereum is only around 10 transactions per second). In the future, the number of applications using electronic money and smart contracts will increase dramatically, so having a platform capable of handling thousands of transactions per second is essential. For most blockchains, the development teams have tried to solve the scalability issues with a whole array of solutions such as side-chains and masternodes. However, most of these solutions come with new disadvantages; most prevalent being the sacrifice of full decentralization. Zilliqa solves the scalability problem directly on its blockchain by employing an entirely new technological solution while remaining fully decentralized.
