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Review on Zilliqa by Bernice Larkin
The Zilliqa ICO introduces a new blockchain platform capable of processing…
The Zilliqa ICO introduces a new blockchain platform capable of processing thousands of transactions per second, with the potential to rival the transaction time of centralized payment transaction systems. To scale the protocol to this level, Zilliqa employs a mechanism called “sharding”, whereby transaction throughput increases linearly with network size . If we take an example of 1,000 nodes based on the protocol, Zilliqa would automatically divide the network into 10 shards with 100 nodes each
Pros
- demonstrate just how vulnerable widely used blockchain protocols like ETH are when it comes to issues of scale. To expand the technology, the ability to handle a larger number of transactions per second stands as a primary roadblock. If blockchain is to ever find a use case with high transaction utilities like payment processing (think how many credit card transactions happen a second), the issue of scaling must be addressed. The Zilliqa ICO offers a novel way to address the issue of scaling.
Cons
- The Zilliqa ICO introduces a new blockchain platform capable of processing thousands of transactions per second, with the potential to rival the transaction time of centralized payment transaction systems. To scale the protocol to this level, Zilliqa employs a mechanism called “sharding”, whereby transaction throughput increases linearly with network size . If we take an example of 1,000 nodes based on the protocol, Zilliqa would automatically divide the network into 10 shards with 100 nodes each
