Review on Zilliqa by Inioluwa Okedeji
Zilliqa: A Blockchain Project With The Aim Of Catalyzing Open Commerce.
Zilliqa is a blockchain project developed at the University of Singapore in 2018. The main aim of this project is to catalyze the open commerce, a project to aid and sponsor developers intending to build and develop decentralized applications.
The Zilliqa blockchain uses a proof of work (PoW) consensus algorithm, a feature that allow users to be able to mine the ZIL coin which is the platform's native digital currency. And this is done within a minute.
Being the first blockchain project to put the sharding technology to use, it seems to have gotten a hand on the issues that concerns scalability which many blockchain projects still find difficult.
Another reason why the project is recommendable is because the Zil coin has high liquidity, part of this is because it is listed on major cryptocurrency exchanges making it very easy to be traded by almost anyone and anywhere around the world.
The Zil coin is used as a reward for miners after each successful mining, a process which in turns strengthens the ZIl blockchain and ecosystem. And not only that, staking of Zil coin is also available where users earn rewards for staking and have a chance of increasing their cryptocurrency assets and portfolios.
The Zilliqa project is already in partnership with other projects and also many projects are interfaced already in its blockchain network. The more the partnerships, the more the project will be utilized making it more popular.
Pros
- It is a blockchain project with high liquidity which seems to have the solutions to scalability problems with the sharding technology.
- It makes use of a proof of work consensus algorithm, which allows the native currency to be mined thereby strengthening the Zilliqa ecosystem.
- The ZIl coin is listed on major cryptocurrency exchanges around the world.
Cons
- I can't point out any flaw to the Zilliqa blockchain project
