Review on Zilliqa by Abu Hanif
Zilliqa’s blockchain is scalable, decentralized and secure. In other words, it…
Zilliqa’s blockchain is scalable, decentralized and secure. In other words, it seeks the highestest trasnaciton throughput while at the same time allowing more and more nodes on the network. Since every node on a network has to validate each transaction, the data has to travel further and be stored by all nodes on the network. As the size of the network increases, scalability decreases. Zilliqa, on the other hand, is linearly scalable, meaning that as the number of nodes increases, the throughout increases at an almost linear rate.
Pros
- The ZILLIQA platform is designed for two types of entities: users and miners. A user is an external party who uses ZILLIQA system to transfer funds or execute smart contracts. Miners run ZILLIQA’s consensus protocol and get rewards.
Cons
- Zilliqa tokens are called Zillings (ZILs) and are used to give users access to the platform which entitles them to transfer funds or run smart contracts.
