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Review on Zilliqa by Paige Rose
Zilliqa’s platform, which was developed by researchers at the University of…
Zilliqa’s platform, which was developed by researchers at the University of Singapore, is a high-throughput public blockchain platform – designed to scale to thousands of transactions per second. The underlying technology that makes Zilliqa scale and achieve this kind of throughput, is that of sharding - dividing the mining network into smaller groups called shards, each capable of processing transactions in parallel. In fact, the throughput in Zilliqa increases as the network expands.
Pros
- Zilliqa is a new high-throughput blockchain platform that is designed to scale in an open, permissionless distributed network securely. At Ethereum’s present network size of 30,000 miners, Zilliqa would expect to process about a thousand times the transaction rates of Ethereum. In the most recent experiments, the Zilliqa private testnet network recorded a peak throughput of 2,488 transactions with 3,600 nodes.
Cons
- Difficult to upgrade Existing Protocols: The limitations in scaling up existing protocols are somewhat fundamental — they are rooted in the design of the consensus and network protocols and therefore difficult to change to gain the throughput needed when mass adoption of the technology occurs
