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Review on Zilliqa by Jack Moran
As the number of miners in the Zilliqa blockchain increases, its transaction…
As the number of miners in the Zilliqa blockchain increases, its transaction rates are expected to increase as well. It’s design allows its transaction rates to roughly double with every few hundred nodes added to its network.
The Zilliqa blockchain would expect to process about a thousand times the transaction rates of Ethereum
Pros
- Computational sharding: is how Zilliqa takes a very different approach towards how to process contracts. The sharding approach relies on a new smart contract language that is not Turing-complete, but scales much better for a multitude of applications. The smartcontract language in Zilliqa follows a data flow programming style. The key advantage of employing a dataflow approach is that more than one instruction can be executed at once. Thus, if several nodes in the graph become activated at the same time, they can be executed in parallel. This simple principle provides the potential for massive parallel execution.
Cons
- High energy costs for mining bitcoin and other cryptocurrencies due to the consensus algorithm. High fees: Due to the inability of current blockchains to handle a large number of transactions, there are increasingly high fees to be paid because users have to compete to get their transaction processed.
