Review on Zilliqa by francis fernandez
Zilliqa: the challenge of the speed of the cryptocurrency network
Zilliqa is a project represented by the Zill cryptocurrency. This company has taken on the challenge of the crypto industry: optimizing the speed and cost of operations carried out in the block chain network. Its vision is to become the digital platform capable of processing the highest number of transactions per second, up to exceeding 2,400 operations. Its developers bet on a decentralized block chain with optimal agility of their transactions at a lower price.
The premise of the Zilliqa project is to be the first public access block chain network that allows the largest number of transactions per second to be scaled.
Like other cryptocurrencies, Zilliga also allows the elaboration of smart contracts made up of incorruptible fragments that guarantee that the stipulations are faithfully fulfilled as it was originally structured.
Unlike other block chain networks, this company is projected into a broader field that allows the development of applications with total public access.
Pros
- It facilitates the development of decentralized applications, since it operates through a chain of blocks made up of a database where many nodes participate around the world, as well as their counterpart cryptocurrencies.
- The cost of operations is directly proportional to the growth of the network
- It allows the elaboration of smart contracts using an excellent coding language that can correct previous failures.
- It has a more open approach and is not only projected as a digital payment platform.
- Its database allows greater speed and volume of operations at a lower cost.
Cons
- Your database or block chain by itself does not have an acceptable level of scalability, since it must work together with other nodes in the world.
