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Review on Zilliqa by Zara Gibbs
As you understand from the above, ZIL cryptocurrency can be mined. But before…
As you understand from the above, ZIL cryptocurrency can be mined. But before the start of Mainnet, there is no special reason to talk about this. We’ll note only some of the features of ZIL mining announced by the project team:
Each Zilliqa node performs PoW first, after which it will participate in the pBFT consensus protocol.
Mining focused GPU-focused, although before the increase in its difficulty, CPUs will be suitable for mining.
High energy efficiency of coin mining. The cost of energy should be about 10 times lower than in case of ETH mining.
Possibility of mining several cryptocurrencies at once. While the network does not use a graphics processor, it can be used for other purposes.
Pros
- Safe and effective consensus protocol – the developers of the project have created their own protocol, which is not used in other networks, namely the optimized practical Byzantine Fault Tolerant (pBFT). We emphasize that it is optimized, because the protocol itself (pBFT) is not an invention of Zilliqa.
Cons
- This innovative product is very different from its competitors. The platform uses the node sharding mechanism to parallelize the computational processes in the network. The team has presented a new fragmentation computational structure (better known as sharding). The list could go on. We are going to cover briefly the key points.
