Header banner
Revain logoHome Page

Reviews

Global ratings 204
  • 5
    69
  • 4
    119
  • 3
    15
  • 2
    1
  • 1
    0

Type of review

Revainrating 4 out of 5

Zilliqa’s platform, which was developed by researchers at the University of…

Zilliqa’s platform, which was developed by researchers at the University of Singapore, is a high-throughput public blockchain platform – designed to scale to thousands ​of transactions per second. The underlying technology that makes Zilliqa scale and achieve this kind of throughput, is that of sharding  -  dividing the mining network into smaller groups called shards, each capable of processing transactions in parallel. In fact, the throughput in Zilliqa increases as the network expands.

Pros
  • Zilliqa is a new high-throughput blockchain platform that is designed to scale in an open, permissionless distributed network securely. At Ethereum’s present network size of 30,000 miners, Zilliqa would expect to process about a thousand times the transaction rates of Ethereum. In the most recent experiments, the Zilliqa private testnet network recorded a peak throughput of 2,488 transactions with 3,600 nodes.
Cons
  • Difficult to upgrade Existing Protocols: The limitations in scaling up existing protocols are somewhat fundamental — they are rooted in the design of the consensus and network protocols and therefore difficult to change to gain the throughput needed when mass adoption of the technology occurs

Revainrating 5 out of 5

Zilliqa is a new blockchain platform that is designed to securely scale in an…

Zilliqa is a new blockchain platform that is designed to securely scale in an open, permissionless distributed network. The core feature that makes Zilliqa scalable is sharding – the division of the network into several smaller component networks capable of processing transactions in parallel. As a result, the transaction rate in Zilliqa increases as the mining network expands. Zilliqa aims to rival traditional centralized payment methods such as VISA and MasterCard. In fact, with a network…

Pros
  • The security levels are also quite good, which assures the users of the blockchain that their identities will remain anonymous and that both their money and cryptocurrency are safe. A new design of smart contracts is also smart because it is designed with the highest level of parallelism, meaning the consumers will enjoy the full benefits of the feature. The platform is built to be able to scale, making it adaptable.
Cons
  • Current DApp platforms are not able to cope with a large amount of transactions. The most successful currently platform is Ethereum and its transaction capacity is quite poor. The popularity of CryptoKitties and subsequent network congestion only reinforces these points. If just one popular DApp can congest a network

Revainrating 4 out of 5

On the contrary, Zillings traded in a range between its 18 March trough and US…

On the contrary, Zillings traded in a range between its 18 March trough and US$0.041. At times there were spikes above that range briefly touching a little over US$0.05. ZIL held that trading range for the better part of two months. Auspiciously, on Friday 13 April, ZIL began to take bounding price gains. The cryptocurrency market as a whole lifted as some bullish news concerning institutional investors entering the market made headlines. Just on that day ZIL rose from US$0.0505 to US$0.05805…

Pros
  • Trading volumes of Zillings leave a lot to be desired. As mentioned above two major exchanges, Binance and Huobi, both have three books open on ZIL and account for nearly 95% of market-wide trade in ZIL. Despite their exchange backing, ZIL trading volumes are not much to be excited about. In only the last month has there been any consistent activity above US$20 million. On 25 March there was a brief spike in ZIL trading volumes to above US$35 million. After that brief spike, up to 12 April trading volumes remained modest, mostly below US$20 million. On 13 April there was a big spike to over US$53.6 million which may largely be attributed to a bullish sentiment that took hold of the market.
Cons
  • Scaling: Existing cryptocurrencies and smart contract platforms have widely recognized limitations in scaling. Average transaction rates in Bitcoin-, Ethereum-, and related cryptocurrencies have been limited to below 10 (usually about 3-7) transactions per second (Tx/s). Current smart contract execution requires every full node to perform the same computation which make smart contract execution slow and expensive. As the number of applications utilizing public cryptocurrencies and smart contract platforms grow, the demand for processing high transaction rates in the order of hundreds of Tx/s is increasing.

Revainrating 4 out of 5

In the Zilliqa technical white paper it is stated that the Zilliqa blockchain…

In the Zilliqa technical white paper it is stated that the Zilliqa blockchain’s native tokens, Zillings, will be created upon launch of the Zilliqa mainnet. That creates a fungibility issue, making it unclear if ERC20 Zillings can be traded at the same rate of the native tokens when the Zilliqa mainnet launches. In addition to the sharding protocol for verifying transactions, Zilliqa claims to operate a proof-of-work protocol meaning that ZIL is a mineable token. The 21 billion Zillings will be

Pros
  • From reading the technical white paper it is unclear if these 21 billion Zillings are the same as an ERC20 token or as the native Zilliqa blockchain token. In light of this, the reader can be excused for thinking the idea a tad ridiculous.
Cons
  • The technical merits of the Zilliqa blockchain are not groundbreaking. The Zilliqa blockchain will be composed of off-the-shelf protocols. That means that there is little to indicate the Zilliqa development team are developing any new kind of blockchain technology other than combining pre-existing technologies.

Revainrating 4 out of 5

It may be a little too early to herald Zilliqa and its native token called…

It may be a little too early to herald Zilliqa and its native token called Zillings (ZIL) the Ethereum killer. The Zilliqa blockchain is still in its development phase and won't even have a mainnet launch until the third quarter of 2018, presuming the development team meets its roadmap objectives. Zilliqa, a Singapore based blockchain company, has claimed that its blockchain technology theoretically could match the transaction capacity of Visa. If true, that would put it on a very strong…

Pros
  • The testnet results are far from clear. Of the 1000 nodes claimed by Zilliqa, it is unknown if these were simulated nodes or a true 1000 nodes that physically exist. In addition to that, no data has been seen to support the validity of its sharding concept which aggregates nodes into pools. Also, that model could lead to fee centralisation even if the project was successful.
Cons
  • At present it is safe to say that speculative trading is driving the price of ZIL. The two major exchanges, Binance and Huobi, both have three order books open on Zillings, according to market data released by CoinMarketCap. Together those six order books account for nearly 95% of the total trade in Zillings which is important considering that ZIL is at present an ERC20 token.

Revainrating 4 out of 5

If it’s PhDs you want, Zilliqa’s team has them. The Zilliqa team has a strong…

If it’s PhDs you want, Zilliqa’s team has them. The Zilliqa team has a strong academic background, and 3 of the founders are alumni of the prestigious National University of Singapore. The Zilliqa project even stems from a research project conducted by the NUS. The CEO and co-founder is Xinshu Dong. Dong is an internationally recognized expert in the field of cyber security and has been involved in multiple national security projects for the Singapore government. He is supported by co-founder…

Pros
  • How Zilliqa solves the scalability issue is a great first step. However, the platform needs to be used before it becomes anything of real value. Zilliqa’s use case is that it will become a smart contract and dapp platform. In this regard, the platform’s sharding method is a constraint, as it requires an extreme amount of communication between the different shards to let a dapp run as intended. Because of this, the platform initially only supports smart contracts that are created for functional programming and data flows. According to the team, this will change in the near future.
Cons
  • In order to be able to employ smart contracts on the sharding-based Zilliqa platform, the team has created a new programming language. This programming language is called Scilla and has been created to make functional programming more secure and standardized. The application of this new language is quite technical, but it basically comes down to a programming language that understands how to separate the computational work of a contract (state) from the communicative aspect of a contract (function).

Revainrating 4 out of 5

Scalability is a very real problem in today’s blockchain industry, and Zilliqa…

Scalability is a very real problem in today’s blockchain industry, and Zilliqa is offering a head-on solution. The team has already provided evidence for the claims of the uniquely high-transaction throughput of its testnet, which provides good hopes for the speed of the mainnet once it’s launched. For now, the theoretically unlimited scalability of the Zilliqa blockchain is their core selling point, but the platform will likely have to offer more than that to be able to compete with industry…

Pros
  • Until the launch of the Zilliqa mainnet, the ZIL token is an ERC-20 token, meaning it is part of the Ethereum network. Once the mainnet is launched, ZIL will be moved to the Zilliqa blockchain and used as an incentive for miners to verify transactions, pay for transaction fees, and pay for smart contract execution. You can buy the ZIL token on these exchanges. As ZIL is currently based on the Ethereum blockchain, you can store ZIL in any Ethereum-compatible wallet, such as Metamask.
Cons
  • Platform blockchains are incredibly hot right now and Zilliqa faces fierce competition from the biggest networks in the industry, including Ethereum, EOS, and NEO. Although Zilliqa is technologically superior to Ethereum, and to some extent EOS and NEO, it is lacking in terms of projects actually launching on its platform compared to these and other blockchain platforms. Given Zilliqa’s theoretically unlimited scalability, we can assume it’s only a matter of time before the first applications start to create dapps on the platform. Still, it will remain a major challenge for Zilliqa to create an ecosystem that matches the size of several other big platforms in the industry, and in the end, blockchain platforms are valued based on the size of their network.

Revainrating 4 out of 5

Lower Transaction Fees - Ziliqa’s unique POW + PBFT algorithm allow for much…

Lower Transaction Fees - Ziliqa’s unique POW + PBFT algorithm allow for much lower transaction fees than competing blockchains like Ethereum and NEO. Smart Contracts - Zilliqa includes a smart contract layer (currently being built and due in Q2) on top of the blockchain layer. This smart contract layer will include a Scilla a Solidary-like language.

Pros
  • Sharding implemted NOW; not just mere promises or vapourware. • TX speeds increases linearly i.e the network's throughput capacity increases as new nodes join the network. • Very Secure Network - Zilliqa has a very secure & unique consensus algorithm Practical Byzantine Fault Tolerance (PBFT). • Environmentally friendly - With Zilliqa, Proof of Work is only used to establish identity and one POW writes to multiple blocks at a time (rather than 1 single one) resulting in less energy used (vs Bitcoin or Ethereum) and higher rewards for the miners.
Cons
  • Storage Challenge -Due to a high throughput (thousands of TX per second), Gigabytes of data will be needed for storage. Zilliqa does transaction sharding, not state sharding, which essentially means each node has to store all the data. This is only possible with terabytes of storage available. The question is how Zilliqa manages to do it and if they can do it in such a way that does not negatively impact the high throughput ability of their blockchain.

Revainrating 4 out of 5

I'm a backend developer with no experience in smart contracts so maybe someone…

I'm a backend developer with no experience in smart contracts so maybe someone more knowledgeable can correct me, but with a decent API you can handle the advanced logic in your language of choice and interact with the blockchain as necessary. The lack of Turing completeness is for security according to devs

Pros
  • NEO claims to be a permission-less network, whereas in reality, they are a permissioned network. NEO is centralized with the nodes being completely managed by the NEO team. (based in China, a country infamous for lack of social freedom) EOS goes the same way as NEO: the nodes are completely under the control of the EOS team only allowing trusted parties to act as nodes. IOTA through the DAG consensus (an alternative consensus algorithm to blockchain) does allow high-speed transactions, however DAG is not completely proven as of yet, and there are several challenges to be overcome. Blockchain is by far a more secure and well-known technology. Other notables include the highly influential Loi Luu, founder of Kyber an official Advisor to Zilliqa.
Cons
  • Non Turing Complete Language - Turing complete languages allows more complicated apps in comparison to Non Turing Complete language. So there will be a limitation here in the type of applications that can be developed as a dApp on the Zilliqa blockchain.

Revainrating 5 out of 5

Whilst many dApp networks are wrestling with ways to solve scalability issues…

Whilst many dApp networks are wrestling with ways to solve scalability issues Zilliqa will be launching with facilities to scale on demand. As it may take years for other networks to solve the issue, Zilliqa may be at an advantage if it is able to gain adoption

Pros
  • - They are already achieving 2488 transactions per second on the testnet. - It provides services to industries that require a high-throughput including, advertising, auctions, scientific computing, and insurance. - Its Scilla smart contract language is resistant to bugs. - Through sharding, it scales to demand. Also, as POW miners are collected into smaller shards it is far more energy efficient than most other POW systems. - With Byzantine Fault Tolerance and POW, the network will be very secure and offer competitive transactions fees.
Cons
  • - Due to its high throughput, it may run into issues with storage. - Its new Scilla smart contract language is not universal and may put developers off from using it for want of a more common coding language. - It has a lot of competition in dApp platforms and will need to capture real adoption to own a market share.

Revainrating 4 out of 5

Zilliqa is the first public blockchain to implement sharding. Sharding is a…

Zilliqa is the first public blockchain to implement sharding. Sharding is a concept that has existed for distributed systems for a long time, where it is used to improve scalability, performance, and I/O bandwidth. However, the concept has not yet been implemented on any public blockchain. Sharding is the process of automatic splitting of a network of nodes into parallel chains called ‘shards’, where each shard processes a small portion of all transactions in conjunction with other shards…

Pros
  • Zilliqa is linearly scalable. Linear scalability means that as the number of participating nodes in the network increases, the transaction throughput also increases at an almost linear rate. Although it may sound intuitive, the fact is that, for most blockchains, the opposite is actually true, i.e. as the number of participating nodes in the network increases, each transaction now has to be broadcasted to a greater number of nodes before being validated and added to the ledger, thereby limiting transaction throughput. This is the reason why many solutions to increase transaction throughput depend on restricting the number of participating nodes on the network, which comes at the cost of a reduced degree of decentralization.
Cons
  • Although Zilliqa’s team does not see the other existing public blockchains as competitors, and rather takes a more open approach towards them, facilitating a healthy environment of learning from each project and developing on it, I use the term ‘competitors’ here in the conventional sense to be able to compare Zilliqa head-to-head against the existing blockchains.

Revainrating 4 out of 5

This has been made possible by a protocol the company has initiated that, as…

This has been made possible by a protocol the company has initiated that, as the network expands, increases rates. It has been designed to enable decentralization of data driven intitiatives. In this way the app meets the requirements of machine learning that are scaled. The platform was not made hastily. As a matter of fact, the development of the platform took two years. During the development the platform was packed with some of the most ground-breaking developments in the world of…

Pros
  • The platform is a revolution in the world of blockchain technology. It has been built to scale. It is a new design of blockchain that is scaled by the magnitude of the orders. The design of the smart contracts is also new. They have been designed with the highest parallelism possible. The commits are atomic and the security budgets are defined by the user. The level of security in the blockchain is strong.
Cons
  • The results of the former tests conducted on the blockchain were all posted online. If you wish to understand the method better then you should check out their site. The company has one of the most revolutionary blockchain inventions. The ability to host thousands of transactions per time period also means that the speeds are quite high regardless of a high number of users.

Revainrating 5 out of 5

Zilliqa is the world's first high-throughput public blockchain platform…

Zilliqa is the world's first high-throughput public blockchain platform designed to scale to thousands of transactions per second. It brings the theory of sharding to practice with its novel protocol that increases transaction rates as its network expands. The platform is tailored towards enabling secure data-driven decentralized apps, designed to meet the scaling requirements of machine learning and financial algorithms. Zilliqa has been under research and development for two years. It has…

Pros
  • Haha..brother you are wrong on so many points. They have enough cash to weather the crypto storm for 4 years as reported by Zilliqa. They announced all the dapps from the $5million grant already. Check out the GitHub #'s. They are extremely good. Bluzelle provides storage. Mindshare is huge. Infotera is huge. Ethermon left ethereum for Zilliqa.
Cons
  • Zilliqa will either be the biggest comeback story in crypto, or one of the biggest fails: that's the gamble we're all taking. I'm personally willing to take that chance, because if it does pay off, and I believe that it will, the returns are going to be astronomical

Revainrating 4 out of 5

All the blockchain platforms are designed after the Satoshi model with few…

All the blockchain platforms are designed after the Satoshi model with few changes and modifications. This means a company purporting a new system is probably just an adaptation of the former system. The product is also yet to be released, meaning the most the consumer can do is just wait for the release date. This blockchain is one offering revolutionary new systems. It has been in the works for a few month now, and it is a platform worth checking out. It is set to be released in November of…

Pros
  • The company offers the users exceptionally high speeds courtesy of the platforms ability to host numerous transactions at a time. The security levels are also quite good, which assures the users of the blockchain that their identities will remain anonymous and that both their money and cryptocurrency are safe.
Cons
  • A new design of smart contracts is also smart because it is designed with the highest level of parallelism, meaning the consumers will enjoy the full benefits of the feature. The platform is built to be able to scale, making it adaptable.

Revainrating 4 out of 5

Zilliqa is the first public blockchain designed to implement sharding…

Zilliqa is the first public blockchain designed to implement sharding, allowing linear scaling as the blockchain increases in size. To date, scalability has been a problem for existing blockchain technologies. At present, Bitcoin can not handle all the demand for its network, and transaction fees have increased accordingly

Pros
  • Their sharding solution varies with the size of the network. Theoretically, there is no limit to the number of transactions that Zilliqa could process per second. Depending on the number of nodes on the network, Zilliqa could handle tens or hundreds of thousands of transactions per second. Zilliqa also promises to support smart contracts. The execution of smart contracts on a fragmented network is a major technical challenge for Zilliqa.
Cons
  • The same goes for Ethereum where limited throughput means that smart contracts can become greedy in GAS. For example, the popularity of Crypto Kitties has dramatically slowed Ethereum, showing the limitations of the network. Zilliqa fundamentally changes the way a blockchain reaches consensus.

Revainrating 5 out of 5

Zilliqa project has plenty of competitors on the market which are all slightly…

Zilliqa project has plenty of competitors on the market which are all slightly different in terms of their current status, performance and development stage. However, they are different in technical aspect. Comparative table of the competition is presented below: the Bach and his clear in each issue of the ZIL

Pros
  • Competition - The project has strong competitors based on their progress and market position, however, we note that Zilliqa has several competitive advantages in terms of performance and security as compared to its rivals. We also note that competitors do not have actual roadmaps publicly available, so it remains unclear when they are planning to add additional features in the future. It has a clear roadmap, professional working team enthusiasm, support strong communities
Cons
  • Development risks - The​ project’s roadmap and the actual performance of the team during the first five months of 2018 show that the planned development pipeline is justified and achievable. However, key release dates are still in the future and the risk that unexpected problems with security/performance may occur by then remains. the line speed is still not really reached the Max. but can still accept

Revainrating 5 out of 5

Zilliqa Leadership Team CEO Xinshu Dong (Ph.D. University of Singapore) has…

Zilliqa Leadership Team CEO Xinshu Dong (Ph.D. University of Singapore) has considerable development and leadership experience. He built secure systems, from web browsers and applications to blockchains, and he was Lead Engineer on the team that developed Anquan, a secure and scalable blockchain for ecommerce applications. He is joined on the Zilliqa team by Chief Scientific Advisor, Prateek Saxena (Ph.D. Computer Science, Berkeley), Head of Technology, Yaoqi Jia(Ph.D. University of Singapore),

Pros
  • What Problem is Zilliqa Addressing? One of the issues hindering the mass adoption of blockchain technology is scalability. The biggest players in the industry, Bitcoin and Ethereum can only process at most 10/15 transactions per second (tps), and if blockchain technology plans to provide the next mass payment or smart contract infrastructure, this is a real problem. For one, centralized payment platforms process thousands of transactions per second, making them vastly superior to Bitcoin in that regard. On the other hand, a platform that wants to facilitate the development and deployment of hundreds (if not thousands) of decentralized applications, smart contracts, and cryptocurrencies needs to provide a network that can process significantly higher than 15 transactions per second. To become a technology worth reckoning with, the blockchain needs a solution to its scalability problem—and it needs it quickly.
Cons
  • Zilliqa Value Proposition Zilliqa plans to launch a blockchain-based platform that can process thousands of transactions in an open, secure, and permission-less distributed network. Furthermore, the project also plans to develop an “innovative special-purpose smart contract language and execution environment” that takes advantage of their network’s underlying architecture to provide an extensive and efficient computation platform. Not long ago, Zilliqa launched their private testnet and they were able to attain a transaction rate of 2,488 tps by leveraging the 3,600 nodes in the network. Since the network was designed such that transaction rates will increase with increasing nodes, if Zilliqa’s network grows as big as Ethereum’s (with ~30,000 nodes), the platform will be able to attain tens of thousands transactions per second. (MasterCard and VISA transact at ~5,000 tps).

Revainrating 4 out of 5

The coin definitely has massive potential. With EOS and TRX fighting for the…

The coin definitely has massive potential. With EOS and TRX fighting for the same market, it would seem that Zilliqa has the technological advantage on both. The fight has been good for the crypto market as technologies that look to enable commercial adoption of the digital blockchain seem to be evolving, with Zilliqa leading the charge. Right now, everything about this project screams “real long term investment” and people who get in Zilliqa now probably won’t regret this decision in the…

Pros
  • Zilliqa’s goal is to address the challenge of scalability within the public blockchain system by increasing the number of processable transactions per second (TPS). It aims to do this while at the same time offering a lower cost to miners with more stable rewards and a competitively lower transaction fee for users.
Cons
  • Thanks to the efficient system we have put in place we can process orders in less than 5 minutes in most cases (up to 30 minutes in rare cases). Our platform allows you to stay away from complex and opaque financial trading places located abroad because we are based in France. No need to go through several intermediaries, here you get the cryptocurrency you want in less than 5 minutes with PayPal or a credit card.

Revainrating 5 out of 5

Prospects for 2018-2019 In the cryptocurrency industry it is always difficult…

Prospects for 2018-2019 In the cryptocurrency industry it is always difficult to say for sure about any forecasts. If you look at the graph of the coin’s exchange rate, you can see that now it sank almost 4 times, compared to the maximum that was fixed on May 10, 2018, at 20 cents (now 5.5 cents). But it should be remembered that the total capitalization of the market during this time sank by almost 200 billion dollars (from 450 billion to 250 billion dollars)

Pros
  • Advantages and disadvantages of Zilliqa This project has a sufficient number of strengths: Strong development team. The project is staffed by very well-known people in the industry: Christel Quek (a professional in the field of digital economy), Yaoqi Gia (leading expert in cryptography and digital security), Xinshu Dong (the main developer of the project, and one of the top specialists in blockchain technology ). The presence of major partners. The market value of any asset is determined, first of all, by the demand of consumers. In the Zilliqa project large sums of money are invested by many large companies and venture funds, for example FBG Capital, Kenetic Capital, Signum Capital, IKX, Linklaters, etc. Technology required by the market. The problem of small bandwidth is quite relevant for the industry. In the testing mode, the developers managed to achieve a rate of 2488 operations per second (for comparison, it is 355 times faster than Bitcoin). This value was fixed when there were only 3,600 nodes in the network. If their number is increased, then the capacity will increase in direct proportion. Modified smart contracts. On the basis of Zilliqa, you can simultaneously create a lot of smart contracts and view them in parallel. This function will allow you to work much more efficiently with the platform.
Cons
  • But, nevertheless, some market experts consider the project not very attractive, due to the great competition in this segment of the market. Skeptics claim that the developers of Zilliqa are already late; they believe that if the project had been launched in 2016, it would have been with overwhelming probability of waiting for a stunning success. But in 2018, there are already too many potentially promising projects in the smart contract segment, so it will be much more difficult to get through in such conditions.

Revainrating 5 out of 5

Zilliqa and the Growing Network The team behind ZIL managed to solve the…

Zilliqa and the Growing Network The team behind ZIL managed to solve the scalability problem they were meeting along the way of designing Zilliqa network in a unique way. Apparently, they have managed to come up with an idea that would allow them to create a network that would grow with the number of its users. That means that instead of having jammed traffic and delayed transactions in an overcrowded blockchain environment, ZIL allows its network to grow with the number of users, that way…

Pros
  • Zilliqa (ZIL) is one of the newest coins on the “block” as this currency has been launched at the beginning of the current year, also making it one of the first coins to be launched in 2018. After having it launched as an ICO, Zilliqa soon started to trade up as the interest for the new currency started to rise. That is how ZIL managed to gain a massive set of rises in a total of 320% in the course of only 30 days, that way making it one of the top gainers during the last month. How Zilliqa managed to sky-rocket as promptly and what ZIL is all about?
Cons
  • Zilliqa is Sky-rocketing While Working on Scalability Scalability is one of the main problems with almost any currency and digital asset out there. That is how there are several currencies with a dev team that places special attention to solving the problem of scalability in decentralized blockchain environments. Zilliqa (ZIL) is one of such currencies, and as solving scalability issues is its main “thing”, ZIL soon gained the status of a popular coin among the investors who favorize scalability over other technological qualities when it comes to choosing a preferred decentralized system. However, what made ZIL interesting in the eyes of the investors from the day one when it was originally launched in January of 2018 is the fact that Zilliqa was presented as the first blockchain-based environment that allows its network linear scaling while also allowing the exponential growth of the physical part of the blockchain.