Review on Zilliqa by Saparov Meylis

Zilliqa is the world's first high-throughput platform designed to scale to thousands of transactions per second. Zilliqa has been under research and development for two years. This brings the theory of shape to practice with its new protocol that increases transaction speed as the network expands.

Zilliqa processes more transactions per second as more nodes join the network. It might sound natural at first, but it turned out to be technically difficult to accomplish, and of course it was not possible thanks to past blockchain protocols. Reaching consensus in a wider audience is technically more difficult!

This new Zilliqa consensus protocol solves this problem. With Zilliqa's scalability, we are able to support dApps that require transaction rates outside of today's blockchains.

Zilliqa is ideal for launching dApps requiring transaction rates behind today's blockchains. To name a few large concurrent auctions, a transparent digital ad supply chain and payment networks that rival today's centralized infrastructure speeds are part of Zilliqa's expansion plan.

The Ethereum platform is by far the most popular platform for DApps. However, network congestion is an ongoing problem. In the summer, the network was overloaded during the ICO. In October, the Metropolis redesign helped ease the congestion, but Cryptokitties also demonstrated that the Ethereum blockchain needs a massive upgrade to be scalable.

The Neo platform was developed in China. While not as popular as Ethereum, there are many DApps on the platform and more in development. Unlike Ethereum, there were no major congestion issues. Unlike Ethereum, the blockchain has two of its own tokens - the NEO token, which is designed to verify the security of the Stake network and the GAS tokens that are used to pay for transactions.

One of the major challenges in distributed ledger technology is scalability. The cryptocurrency of the future must be able to scale, which means that they will be able to make thousands of transactions per second. Currently Bitcoin and Ethereum can execute less than 10 TX / s. In comparison, VISA can handle 8000 TX / s. There is a huge gap between the two that will need to be filled before considering cryptocurrency payments.

Zilliqa is trying to solve the scalability problem with sharding technology. The team recently made a breakthrough by increasing their platform's bandwidth threshold to 2488 TX / s on the internal testnet. This is a great achievement.