1 Level
5 Review
5 Karma
Review on Zilliqa by Barbara Scholz
As Zilliqa is the first cryptocurrency to incorporate, the Sharding Technology…
As Zilliqa is the first cryptocurrency to incorporate, the Sharding Technology for mining, it will have an immense amount of first Movers advantage. Scilla, it’s most awaited and user-friendly programming language which can be used for the creation and testing of smart contracts has created a much hike around the community. Even the team members don’t seem to have much don’t seem to have much experience in the major industries of similar kind hence the project doesn’t feel to have a strong backing.
Pros
- Zilliqa network uses a concept called Sharding where the transactions are grouped into smaller groups and divided among the miners for the parallel transactional verification. Developing smaller groups for transactional verification means the Consensus can be reached faster and hence a higher number of transactions can be processed in a given time frame.
Cons
- The Zilliqa network incorporates Ethash proof-of-work (PoW) mechanism in order to confirm the transactions about from providing security to the network. It even helps the network to curb the Sybil attacks. It is to be noted that, it doesn’t use the Proof of Work mechanism in order to achieve Consensus, hence the high energy consumption by the miners to achieve consensus is avoided by and the network claims that the expenditure of running a node is at one-tenth of the cost of the Ethereum network currently.
