Review on Zilliqa by erdi yılmaz
The Fastest Zilliqa
Zilliqa is a network that aims to solve the scalability problem found in blockchains and can perform transactions much faster than other networks.
Zilliqa has smart contracts that allow data flow. It can run dApps with a very fast processing speed compared to other networks.
The superior speed in the network allows much faster payment than other payment systems. Apart from this, high-value auctions, transparent advertising supply chain transactions can also be made on the Zilliqa network.
The scaling feature of Zilliqa allows thousands of transactions to be processed in a second. Thanks to the algorithm of Sharding, which means that the database can be split horizontally in the infrastructure of the network, as the number of users of the network increases, the transactions become faster.
New protocols are constantly being developed to increase the speed of transactions and transactions on the network. Zilliqa horizontal database partition architecture is decentralized, scalable and secure.
Pros
- There are extra security mechanisms in the network. They aim to take precautions against attacks and errors that are very unlikely to occur on the network.
- In the network, the entire transaction history is not recorded one by one, only the information required at the end of the transaction is kept. Big savings on data storage.
- Miners' payments are made collectively at regular times. The variance in block rewards is very low. Miners who are compatible with Ethash are subject to a discount in participation costs. The Proof of Work mining system is only used when creating mining IDs. Thus, electricity consumption is very low. As Zilliqa miners increase, the speed of the network increases. Scaling of financial algorithms with machine learning is provided by the miners in the network.
- There is no limit to the number of transactions per second and the speed of the network.
- It was able to reach the speed of other centralized applications and even surpass them.
Cons
- Although it is a very high quality project in terms of transaction speed and network security, unfortunately the project does not have a serious feature it promises.
