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Review on Zilliqa by adriel atencio

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.

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