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Revainrating 5 out of 5

Making use of a hybrid consensus model that uses Proof of Work (PoW) to elect…

Making use of a hybrid consensus model that uses Proof of Work (PoW) to elect a directory committee which will lead the sharding process. Once the network has been sharded, each shard uses a decentralized witness co-signing (CoSi) method to reach consensus

Pros
  • The Zilliqa network is broken up into smaller component networks that increase the throughput of the blockchain by increasing the number of transactions that can be processed in parallel
Cons
  • It should also be noted that the core team consists of quite a few members from the Anquan Capital. Depending on how this is handled, it might indicate that the founders might be getting a larger percentage of the sale proceeds and tokens than expected.

Revainrating 5 out of 5

In 2016, the Zilliqa journey began when the founding team members wrote an…

In 2016, the Zilliqa journey began when the founding team members wrote an academic paper on the implementation of sharding technology for scaling public blockchains. blockchain can now achieve mass adoption and support high throughput use cases. The project is moving further into the project roadmap and the new website aims to drive adoption of the #Zilliqa platform.

Pros
  • Zilliqa is a project building a next-gen high-throughput public blockchain. It’s a secure and distributed platform that will power high-throughput distributed apps with all the transparency and decentralization one would expect from a blockchain. Zilliqa team have announced that they have updated their website with a new look to help drive adoption of the Zilliqa platform
Cons
  • The new website has clear messaging along with styled graphics with traditional crypto motifs such as space. The imagery correlates with the text that tells the viewers Zilliqa is thinking about possibilities that are still in imagination stage. The graphics use a intresting blend of flat style and gradients

Revainrating 5 out of 5

NOTHING in this website should be construed as personalized or individual…

NOTHING in this website should be construed as personalized or individual financial advice or a solicitation of investment. We strongly recommend that you consult your financial advisor before investing, speculating or trading in any currency, digital currency, or security. Decisions based on information contained on this site are the sole responsibility of the user, and in exchange for using this site, you agree to hold Crypto Briefing and its affiliates harmless against any claims for damages

Pros
  • These criteria are not, however, weighted evenly – our proprietary rating system attributes different degrees of importance to each of the criteria, based on our experience of how directly they can lead to the success of the ICO in question, and its token investors
Cons
  • Our analysts employ a proprietary weighting system when evaluating and reporting on cryptocurrency Initial Coin Offerings. These consensus-weighted scores are then translated into a score from 1-100, and the final rating is an algorithmically-generated average of these post-weighted scores.

Revainrating 5 out of 5

It’s not a perfect analogy for talking about blockchain consensus, but I think…

It’s not a perfect analogy for talking about blockchain consensus, but I think you get the point in how it becomes increasingly difficult to reach consensus as a network grows larger and larger. And this is where the scalability issues begin, because network size and network speed are inversely related. So, when one increases the other decreases.

Pros
  • One inherent weakness of blockchain technology is its inability to scale well. The problem stems from the fact that as the number of nodes in a network grows, it becomes increasingly difficult to reach consensus
Cons
  • If you have a meeting with a small group of people it isn’t difficult to make decisions at all. You may find that some of you don’t agree on everything, but you’ll still easily see how each person feels, and be able to reach consensus.

Revainrating 4 out of 5

As Zilliqa is the first cryptocurrency to incorporate, the Sharding Technology…

As Zilliqa is the first cryptocurrency to incorporate, the Sharding Technology for mining, it will have an immense amount of first Movers advantage. Scilla, it’s most awaited and user-friendly programming language which can be used for the creation and testing of smart contracts has created a much hike around the community. Even the team members don’t seem to have much don’t seem to have much experience in the major industries of similar kind hence the project doesn’t feel to have a strong…

Pros
  • Zilliqa network uses a concept called Sharding where the transactions are grouped into smaller groups and divided among the miners for the parallel transactional verification. Developing smaller groups for transactional verification means the Consensus can be reached faster and hence a higher number of transactions can be processed in a given time frame.
Cons
  • The Zilliqa network incorporates Ethash proof-of-work (PoW) mechanism in order to confirm the transactions about from providing security to the network. It even helps the network to curb the Sybil attacks. It is to be noted that, it doesn’t use the Proof of Work mechanism in order to achieve Consensus, hence the high energy consumption by the miners to achieve consensus is avoided by and the network claims that the expenditure of running a node is at one-tenth of the cost of the Ethereum network currently.

Revainrating 4 out of 5

Zilliqa doesn't have to beat Ethereum. The blockchain platform ecosystem will…

Zilliqa doesn't have to beat Ethereum. The blockchain platform ecosystem will be huge going forward so there's plenty of room for Eth, Neo, Zilliqa and more. It's like any other huge industry. When the likes of the Ford Motor Company came along you didn't see competitors go "oh well, that space is now fully occupied".

Pros
  • My opinion is the point will be speed (first mover into sharding) and use cases, mainly in business sector. So it will not be so much a platform for anything and everything like ETH, but use specific network. It can be just another coin, at worst, and widely adopted protocol with tons of people working independently on it, at best. We'll see, I think it will fall somewhere inbetween. Of course all of this is just my 2 cents and I could be very wrong.
Cons
  • Zil also has plans to implement privacy and cross chain support in the future. First mover advantage is huge, a lot of coins out there that are crap and only in top 100 due to first mover advantage. Bitcoin is the most obvious example of this, old outdated tech with first mover advantage

Revainrating 4 out of 5

In my opinion it will be main value of ZIL but not enough. ZIL dapps will…

In my opinion it will be main value of ZIL but not enough. ZIL dapps will start coming out later this year, while Etherum has countless dapps, massive ecosystem and ton of developers working on it, with more coming every day. Not to mention a whole economy based on it's ERC20 protocol. Solidity is the main language people are picking up at the moment with companies looking for experts in this field. To overcome all of this and 'beat' Etherum is almost impossible considering sharding IS coming…

Pros
  • I would be very carefull at first though, there is a lot of hype built around ZIL and I predict people will pay a lot for it when it first comes out, then be left holding a bag for a long time. It took Ethereum 3-4 years to get where it is now. Just in retrospect, if Ziliqa were to achieve etherums current valuation it would need massive adoption and price of coin, due how many there are, would still be quite low. This (never gonna happen imo) would take years too.
Cons
  • My main reason for investing in Ziliqa ICO was the team, I truly have faith in those people, technology second. It's a great project, just don't expect miracles and this unseating Ethereum (or many other top projects) any time soon, if ever.

Revainrating 5 out of 5

Zilliqa ico is excellent and strong project . The team member are very active…

Zilliqa ico is excellent and strong project . The team member are very active , they work hard for progress their project in future.

Pros
  • Zilliqa has capable of processing thousand of transaction per second . Transaction process increase linearly with network size . Zilliqa project recently announced partnership with various exchange . So there will be more profit in future.
Cons
  • There will be a limitation here in the type of applications that can be developed on the zilliqa blockchain . Zilliqa also could be cheaper now .

Revainrating 4 out of 5

As I understand it the goal is not to dethrone ethereum but to provide a very…

As I understand it the goal is not to dethrone ethereum but to provide a very high throughput solution for specific usecases thus a more focused b2b like approach Also with sharding coming to ethereum and other scaling blockchain emerging I think we are going to see apps which are going to push this capacity to the limits again everyone is talking about visa and mastercard but these are just two companies what abpout all the others think stock exchanges the facebook likebutton hundreds of…

Pros
  • Zilliqa doesn't have to beat Ethereum. The blockchain platform ecosystem will be huge going forward so there's plenty of room for Eth, Neo, Zilliqa and more. It's like any other huge industry. When the likes of the Ford Motor Company came along you didn't see competitors go "oh well, that space is now fully occupied".
Cons
  • I get the pitch - ZIL is a clean slate blockchain built with sharding in mind instead of being added in later. Vitalik has said sharding is part of the Ethereum 2.0 roadmap (though I can't find any target dates) - if sharding comes to Ethereum this year, does ZIL still have value?

Revainrating 4 out of 5

A company that started in 2016. Zilliqa aims to disrupt the ways transactions…

A company that started in 2016. Zilliqa aims to disrupt the ways transactions are being processed, removing intermediaries, providing security, and above all scalability within the blockchain. Projects are coming from different ways to support not to mention with its existing partnerships. That only shows that Zilliqa is not only here to stay but to prove its worth that they can make decentralization available to everybody.

Pros
  • Scalability - Zilliqa's asset in addressing issues towards network congestion with the ability of processing 2,828 transactions per second as of writing compared to the existing 7-15 process. Zilliqa designed a new blockchain platform to scale in transaction rates. The more miners come to Zilliqa the more its transaction rates increase. Sharding Technology- To support the above statements, Zilliqa came up with the idea of sharding, which divides the network in the blockchain into subgroups that will process the transactions in parallel.The said transactions will then be accepted in the blockchain as if there is no sharding involved with the use of protocol "Transaction Sharding". Zilliqa also activated its account-based design in order to prevent double spending or replay which can be opposed by the assigned group. Abolishing Intermediaries - Zilliqa aims to disrupt middlemen activities and other inefficiencies through the use of smart contract. This would give a chance for a direct to direct contact between the marketer and the publisher on specifying the exact demands needed to achieve its goals and prospective targets in particular with advertising. Helpful in a way that it will minimize the burdens of cost on the part of the buyer. On the other hand, useful for the publisher because it will give him the chance to directly promote its products and other services to the said client.
Cons
  • Scilla- has not been implemented yet as of this writing as it is still under the testnet structure. Zilliqa Wallet- is not still available as of this writing. Compared to external wallets. People are waiting for the internal one as it provides better security for safe keeping. Background Logo- The logo on the website is apparently familiar as used by another cryptocurrency group. Highly noticeable particularly in the About, Contact, and Career sections. Community- Zilliqa must adopt a larger group of people in order to sustain a strong foundation by ways of recruiting more, and promoting.

Revainrating 5 out of 5

According to my point of view, the best blockchain technology i see is the…

According to my point of view, the best blockchain technology i see is the zilliqa innovation.

Pros
  • The team is highly inexperienced and is consisted with some great personalities all over the world who are experts in crypto currency industry.
Cons
  • The mainnet launch was scheduled few months back, but they were unable to do it on time and was postponed. This will push back the investors from the project.

Revainrating 4 out of 5

The next crypto currency generation is lead by projects such as Zilliqa. So…

The next crypto currency generation is lead by projects such as Zilliqa. So they will have a good chance in future.

Pros
  • The project is not just a concept, they have a working product and the testnet is consisted with 3600 nodes and this enables fast transactions on the network.
Cons
  • But zilliqa has to face a huge competition for a place in the market because many other blockchains are up and running already

Revainrating 4 out of 5

The need to launch the main net very soon and solve the scalability issues…

The need to launch the main net very soon and solve the scalability issues currently people have.

Pros
  • The project Zilliqa has a good potential to grow and develop as a good blockchain and the demand for such a system has been increasing fore the recent years.
Cons
  • The non state sharding used by the zilliqa project is still in the research phase and people are still working on it.

Revainrating 5 out of 5

2019 will be the big year of zilliqa to buil it's empire and grow into a…

2019 will be the big year of zilliqa to buil it's empire and grow into a popular blockchain.

Pros
  • The project is backed by a very strong and enthusiastic community and they constantly demand new updates and project improvements.
Cons
  • Because of the higher throughput of the zilliqa blockchain, they would need a larger storage capability.

Revainrating 5 out of 5

This is one of the best blockchains I ever experienced and will be improved…

This is one of the best blockchains I ever experienced and will be improved soon.

Pros
  • Zilliqa has the added advantage of using the sharing technology and this new type of blockchain can provide solutions to the sociability problem.
Cons
  • The non turing complete language used will limit the type of applications that can be developed on the blockchain.

Revainrating 3 out of 5

Zilliqa is an exciting new cryptocurrency and you now have a better…

Zilliqa is an exciting new cryptocurrency and you now have a better understanding of it than most people. You know where it came from and what it can do. You also know about the Zilliqa ICO and the power of sharding.

Pros
  • Zilliqa is the first platform to use sharding technology. This puts it ahead of the rest of the market. It’s a completely new kind of blockchain designed to solve the problem of scalability.
Cons
  • The creators of Zilliqa are academics not businessmen. Zilliqa’s tech is ahead of the rest of the market but its business isn’t. Other platforms – like OmiseGo – have much stronger links with real-world organizations.

Revainrating 5 out of 5

I personally had a good experience by being a part of Zilliqua. Out from the…

I personally had a good experience by being a part of Zilliqua. Out from the details i figured on following the project, i can be assured that the project will not fail in near future unless a sudden collapse of the market takes place.

Pros
  • I have a good experience in communicating with the support team and also i do witness many new news about the project recently. The even ongoing in Berlin Germany since 6th September has made an immense progress to the popularity of the project.
Cons
  • The Team is not very strong in departments such as Block-chain and marketing. Until the event which is ongoing since 6th of September, i did not witness many acts taken to spread the concept of the coin amongst public.

Revainrating 4 out of 5

Higher throughput: The unprecedented throughput of the Zilliqa blockchain…

Higher throughput: The unprecedented throughput of the Zilliqa blockchain implies that the processing fee pertransaction can be very low. Since miners reach consensus on several blocks with a single PoW, Zilliqa ensures a much more stable payout with low variance. Furthermore, In many of today’s popular blockchains, users have to compete for the few transactions processed per second. As a result, transactions with low or insufficient fees experience delays in processing. Such issues will be…

Pros
  • Redesign from scratch: Zilliqa’s solution is a redesign from scratch and has been under research and development for over 2 years. The cornerstone in Zilliqa’s design is the idea of sharding — dividing the mining network into smaller consensus groups called shards each capable of processing transactions in parallel. If the mining network of Zilliqa is say 8000 miners, Zilliqa automatically creates 10 sub-networks each of size 800 miners, in a decentralized manner without a trusted co-ordinator. Now, if one sub-network can agree on a set of (say) 100 transactions in one time epoch, then 10 sub-networks can agree on a total of 1000 transactions in aggregate. The key to aggregating securely is to ensure that sub-networks process different transactions (with no overlaps) without double-spending.
Cons
  • Consensus not based on PoW: Zilliqa does not employ PoW to achieve consensus. Therefore, PoW can be performed after, say every few hundred blocks. As a result, the high energy cost often associated with PoW will not apply in Zilliqa. In fact, the estimate cost ofrunning a Zilliqa node will be about 1/10 of running an Ethereum node today.

Revainrating 5 out of 5

It is an open source cryptocurrency that runs on DigiByte Blockchain. DGB is…

It is an open source cryptocurrency that runs on DigiByte Blockchain. DGB is perfectly positioned to create a decentralized and secure digital future with its combination of pioneering new innovations and unique problem-solving experience. The DGB coins were developed in 2013 and released on 10 January 2014. Since then this cryptocurrency has provided its investors with amazing returns. Many experts believe that this currency is undervalued and will grow in the future and mightto reach USD1 in…

Pros
  • DigiByte (DGB) was officially launched on 10 January 2014 by entrepreneur and programmer Jared Tate. His goal was to develop a faster and more secure cryptocurrency. The main goal of this project was to create a cryptocurrency that could reach a more decentralized community than Bitcoin.
Cons
  • That being said, I do think there is potential for DGB in the payments space, or something of that nature. In my opinion. Over time, I have learned to personally always take a more skeptical approach, seeing that possibly over 95% of current cryptocurrencies will fail in the long term. That being said, it can be very difficult to determine the long term potential for anything other than BTC

Revainrating 4 out of 5

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.