Zilliqa (ZIL)

Zilliqa (ZIL)

Rank #72

$0.049881

0.87%

0.000002 BTC

ZIL
USD

MARKET CAP

$638.626 M

ALL TIME HIGH

$0.26

VOLUME 24H

$153.485 M

CIRC. SUPPLY

12.803 B

VOL/MCAP

24.00%

TOTAL SUPPLY

16.094 B

DILUTED MCAP

1.047 B

MAX SUPPLY

21 B

1H USD

-0.54%

24H USD

0.87%

7D USD

9.37%

30D USD

-54.94%

60D USD

17.19%

90D USD

8.20%

Tag:

mineableplatformpaymentssmart-contractsView all

Zilliqa Price Chart

24h Change

0.87 %

Zilliqa - ZIL Profiles

Overview

Zilliqa is a smart contract platform featuring a sharded architecture that aims to address the scalability limitations seen in some other blockchains. Its sharded design allows concurrent chains to execute transactions in parallel, thereby increasing the overall capacity of the network. In addition to scalability, Zilliqa provides a smart contract layer to support smart contract creation by way of its native programming language, Scilla. The network reaches a consensus on transactions and contract executions through a hybrid Proof-of-Work-BFT mechanism. In the coming weeks, it will also introduce a staking system to, in its words, increase the distribution of node operators.

History

The Zilliqa project was founded in 2017 by a group of researchers from the National University of Singapore. Initial team members included Xinshu Dong, Yaoqi Jia, Amrit Kumar, and Prateek Saxena (who previously worked with Loi Luu, CEO and Co-Founder of Kyber Network), among others. They incorporated the company behind Zilliqa (called Zilliqa Research) in Jun. 2017, a few months before the team launched its first testnet.

Zilliqa brings the theory of sharding to practice with a protocol that aims to address the scalability limitations seen in some other blockchains. Its sharded design allows concurrent chains to execute transactions in parallel, thereby increasing the overall capacity of the network. The team’s primary motivation in building this product was to create a platform that could process smart contracts at scale without sacrificing core blockchain principles, such as the decentralization of node management.

Zilliqa uses a modified version of the Proof-of-Work (PoW) consensus protocol to order and validate transactions, as well as provide security assurances for completed transactions. According to the team, this modified consensus model provides a more cost-effective version of mining when compared to other networks in the market.

Zilliqa's smart contract layer features a proprietary programming language called Scilla, which allows developers to write and express the conditions of smart contracts conveniently. This infrastructure is being used to develop both pilot and commercial applications in the areas of security token offerings, gaming, domain registry service, financial services, and payment reconciliation in advertising.

Roadmap

Whitepaper released

Date: August 2017

Technical whitepaper

Scilla design document

Date: January 2018

Scilla is the new smart contract language for Zilliqa

Zilliqa source code released

Date: January 2018. Type: Event

Final Testnet released

Date: November 2018. Type: Testnet Launch

Community can spin up their own nodes and mine

Zilliqa v4.0.1 release (Mainnet Launch)

Date: January 2019. Type: Network Launch

The Zilliqa released used for mainnet. Some of the core features on the Zilliqa mainnet included:

  • Sharding
  • PBFT-style consensus
  • Scilla smart contracts
  • Dual mining
  • Block reward sharing

Learn more:

Zilliqa Mainnet: The Launch and Beyond

GitHub release notes

Zilliqa v5.0.0

Date: September 2019. Type: Software Release

The first major release since Zilliqa's mainnet launch introduced:

  • Inter-process communication (IPC) between Zilliqa and the new version of its smart contract language, Scilla v0.4.0, to improve the execution time of smart contracts
  • The Directory Services (DS) reputation system, a new voting system aimed at improving network resiliency

Learn more: GitHub release notes

Zilliqa v6.0.0

Date: December 2019. Type: Software Release

The latest key network upgrade included:

  • Pending transaction pool: Users can now query pending transactions through a new API
  • Multi-message contracts: The Scilla interpreter can output multiple messages, enabling contracts to

Zilliqa Price Live Data

ZIL Price

$0.049881

Trading Volume

$153.49 M

All Time High

$0.26

1hour Change

-0.54%

24hours Change

0.87%

24hours Range

0.87%

24hours Low

$0.06

24hours High

$0.06

Liquidity ±2%

$62,862.54 B

Bids -2%

$6.29 M

Asks +2%

$7.28 M

Market Cap

$638.63 M

Fully Diluted Market Cap

1.05 B

Circulating Supply

12.80 B

Total Supply

16.09 B

Max Supply

21.00 B

Zilliqa Markets

See All Market
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