1 Level
7 Review
2 Karma
Review on Zilliqa by Camie Spivey
Zilliqa ICO Team Xinshu Dong, CEO of Zilliqa, has previous experience in…
Zilliqa ICO Team
Xinshu Dong, CEO of Zilliqa, has previous experience in blockchain research and development with Anquan, a proprietary scalable and secure blockchain. Anquan is primarily deployed for financial and ecommerce applications and is in many ways a precursor to the Zilliqa project. As Lead Engineer of Anquan, he brings both his blockchain knowledge and leadership experience to the Zilliqa team.
Christel Quek (CMO), is an all-star member of the Zilliqa team. Co-Founder of BOLT, a live TV and gaming service (over 3M users in Kenya, Southeast Asia and Latin America), Christel also led Brandwatch‘s first office in the Asia-Pacific and served as former Head of Content at Twitter for their International Markets. Christel’s impressive track record as a business leader in the tech industry is a strong point for this project.
Other core members of the team include Prateek Saxena (CSA), research professor of computer science at National University of Singapore, whose focus is blockchain and computer security. Yaoqi Jia (Blockchain Architect), another NUS scholar and Juzar Motiwalla (Strategist), a venture capitalist responsible for investments in Asia and Silicon Valley, sure up the tech development and business ends of the Zilliqa ICO even further.
Pros
- 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. The shards can then process transactions in parallel with each other. If each shard is capable of processing 10 transactions per second, then all shards together can process 100 transactions per second.
Cons
- Zilliqa will be powered by Zillings (ZILs), which are in many ways analogous to ETH on the Ethereum protocol. ZILs are used to pay fees to the network nodes. The token will initially be distributed as an ERC-20 token until the mainnet launch, when the ERC-20 will be swapped with ZIL protocol token. Within the ZIL ecosystem, each block rewards several miners at a time. In addition, the protocol is designed so that miner income is more stable compared to other chains. Low levels of variance within the ecosystem and nodes that allow mining by multiple miners at once mean rewards are distributed more evenly than other blockchains.
