Review on Zilliqa by Olugbenga Ajayi
Ziliqa is closely following the ethereum
Every blockchain network has its own technology and approach to solve common problems associated with blockchain technology particularly knowing that blockchain network used to run into scalability bottleneck. confirming transaction sometimes become too slow and very expensive. The team behind to the founding of Ziliqa smart contract platform saw this as a serious problem and proposed a solution.
With their solution, network congestion that miners experience can be abated and enhanced scalability can be achieved. Ziliqa introduced a divide and conquer approach that allow jobs to be divided into chunks for miners to perform transactional verification. This is what they refer to as sharding. With this approach, it is possible to scale up transaction speed to approximately 1000 that of ethereum. That will be a very huge development if ever achieved.
In a nutshell, Ziliqa has a very good and viable solution to the scalability and network congestion issue troubling the blockchain network but whether it will achieve this dream only time will tell.
Pros
- Improved scalability
- Divide and conquer approach to handling transaction
Cons
- Zil token is yet to have the value of ETH despite the planned solution
