Zilliqa (ZIL)

What is Zilliqa (ZIL) Cryptocurrency? Zilliqa (ZIL) is a public, open-source blockchain platform that was developed to facilitate scalability and interoperability of blockchain applications that enhance their usability. Zilliqa uses a consensus mechanism called Prunable Proof-of-Work (PPoW), which simplifies the process of verifying transactions and reduces the time it takes for a transactions to be validated. Who founded it? Zilliqa was founded in 2017 by a team of computer science researchers with a vision for a more secure and scalable blockchain. The team consists of four primary researchers from the National University of Singapore who worked on the platform and tools development, as well as financial and business backgrounds. What Makes it Unique? Zilliqa uses sharding, a form of partitioning, to create distinct networks which are capable of allowing multiple transactions to be processed simultaneously. This is in contrast to Bitcoin’s one-block-per-transaction approach, which limits the number of transactions that can be processed and affects the overall scalability of the blockchain. Where does it used? Zilliqa is currently being used in a variety of financial services and applications ranging from digital marketing campaigns, secure payments, digital identity solutions, and data storage solutions. Zilliqa is also being used in the energy sector to power decentralized energy trading, as well as to automate the production and running of smart grid technology. Where to buy/sell it? Zilliqa (ZIL) tokens can be purchased and sold online using a range of digital currency exchanges, including Binance, Huobi, and KuCoin. The tokens can also be purchased and sold through peer-to-peer networks, such as LocalBitcoins and Bisq. Comments I think Zilliqa is a promising cryptocurrency and it's good to see how it can be used in different areas. I also like how it is aiming to improve scalability and that it allows for transactions to be processed at the same time, which makes it stand out from other blockchain platforms. With its wide range of applications and potential it definitely looks worth keeping an eye on.