Zilliqa
ZIL
Crypto
Decentralised Networks
USD 0.0058-1.00%
Zilliqa
UMushroom community rating:
About
Decentralised Networks
CategoryProof Of Work
Consensus MechanismL1
L1/L2Other
Sub-cateegoryn/a
Ecosystem2017
Year of creation
Description
Zilliqa (ZIL) is a Decentralised Networks crypto coin. The coins can be earned through the process of mining. Zilliqa`s origin block was generated on 2017-09-15. More information can be found at https://www.zilliqa.com/.
Key Technical Advantages:
Sharding: Zilliqa's design employs the concept of sharding, which divides the mining network into smaller shards, each capable of processing transactions in parallel. This allows Zilliqa to scale its transaction rates as the number of miners increases. Innovative Smart Contract Language: Zilliqa introduces a special-purpose smart contract language and execution environment designed to leverage the underlying architecture for large-scale, highly efficient computation. The smart contract language in Zilliqa follows a dataflow programming style, making it suitable for running large-scale computations that can be easily parallelized. Two-Layer Blockchain Structure: Zilliqa features a new two-layer blockchain structure, with a highly optimized consensus algorithm for processing shards. It assumes a standard proof-of-work scheme and aims to improve scalability and efficiency. Schnorr Signature Algorithm: Zilliqa employs the Elliptic Curve-Based Schnorr Signature Algorithm (EC-Schnorr) for digital signatures. EC-Schnorr offers non-malleability, multisignature support, and faster execution compared to other algorithms like ECDSA. Ethash Proof-of-Work: Zilliqa uses the Ethash proof-of-work (PoW) algorithm, similar to Ethereum 1.0. Ethash is a memory-hard hash function designed to make it easy to mine with GPUs but hard with specialized computing hardware such as ASICs. In Zilliqa, PoW is only used to prevent Sybil attacks and generate node identities, rather than for distributed consensus as in other blockchain platforms. Content summarized by AI chatbotSource:
https://docs.zilliqa.com/whitepaper.pdfKey figures
-73.8%1Y
-73.1%3Y
-75.2%5Y
Performance
0/ 01D
0/ 01M
0/ 01Y
Highs/ Lows
13.09.2022
USD 0.24
All Time High
2.44%
% of All Time High
-97.60%All Time
-84.68%1 year
Max drawdown
#248
Ranking by Market Cap
114.29 M
Market cap (USD)
0.00%
% of Market
780.918 B
Category Market Cap (USD)
0.01%
% of Category
20272022639
Circulating Supply
19590867227
Liquid Supply
96.64%
Liquid/ Circulating Supply
21000000000
Max Supply
96.53%
Circulating/ Max Supply
10103165
Volume Traded
19.60%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
0.00
Innovation:
0.00
Society:
0.00
Nature:
0.00
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