1. The Zilliqa platform is the hub of many decentralized applications, and it also allows staking and yield farming. Bitcoin and Ethereum blockchains have struggled to process transactions faster. As a result, the transaction fees soar whenever the transaction count increases. Moreover, the Zilliqa blockchain is capable of scaling as the network grows in size.
2. Its platform is very useful to those users who want to develop high-volume smart contracts and dApps.
3. In other blockchains, when the number of transactions increases, the network usage fees also soar. However, due to the scaling ability, fees on Zilliqa are low, even though it allows micro-payments to be processed.
4. Zilliqa can host transaction-intensive social media dApps like Facebook or Twitter. Moreover, it has the potential to support advertising campaigns and offers payment processing services.
5. Token: The native token for the Zilliqa blockchain is known as ZIL. It is used as a mining incentive, as well as a tender for paying transaction fees. The token holders can enjoy staking returns on their investments.
6. Wallet: There are many wallets which we can use for the native ZIL tokens. However, the Zilliqa team recommends the Moonlet wallet, which is a wallet that supports both Ethereum and Zilliqa chains. Users can also use Trust wallet and hardware wallet Ledger.
7. It allows developers to create smart contracts on their blockchain using Scilla. Scilla is a language that checks for bugs within each smart contract before they go live. It also has its own library which removes the need to rely on external programming libraries.
8. Users can buy attractive merchandise and collectibles from their website, which supports payment in ZIL tokens.
10. While the Ethereum network is only capable of processing 15 transactions per second, the Zilliqa network can process thousands of transactions per second via sharding.
1. Ethereum 2.0 is creating a state sharding system, but Zilliqa has implemented network sharding. Zil divides the network nodes to process the transactions. 2. The validator that maintains the sharding system is a single point of failure. Zilliqa has no such central entity on which the entire system is dependent. 3. Zilliqa has reported throughput which is 250 times higher than Ethereum.
🐉Includes a new innovative web browser that allows you to use dApps 🐉Supports .zil domains 🐉Provides clear overview of transactions & more…
Next stop ➡️ @GooglePlay
-MS https://t.co/mJKUdbnPwe pic.twitter.com/gK2pNfjlEa
— Zilliqa (@zilliqa) January 7, 2021
Zilliqa Technical Analysis Zilliqa’s price today is $0.062730 with a 24-hour trading volume of $165,125,299. It has a circulating supply of 11.5 billion ZIL coins and a max supply of 21 billion. The top exchanges for trading ZIL are currently Binance, Huobi Global, OKEx, and BiKi.
With the above fundamental news and recent partnerships, it has already shown a strong rally. It is facing resistance at $0.05393 Level and also consolidating between $0.05393 and $0.04570, which is also a pivot resistance and support zone. If it will break out through this resistance, then it can reach $0.06812.
In the near future, the number of blockchain users will increase and the need for a high transaction speed blockchain will be indispensable. Zilliqa will play a major role in the high-speed blockchain era.
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