ZILLIQA COIN REVIEW

ZILLIQA

Zilliqa is a new blockchain platform that is designed to securely
scale in an open, permissionless distributed network. The core
feature that makes Zilliqa scalable is sharding – the division of
the network into several smaller component networks capable
of processing transactions in parallel. As a result, the transaction
rate in Zilliqa increases as the mining network expands. Zilliqa
aims to rival traditional centralized payment methods such as
VISA and MasterCard. In fact, with a network size of 10,000
nodes, Zilliqa will enable a throughput which matches the
average transaction rate of VISA and MasterCard with the
advantage of much lower fees for the merchants.

Important Features

– Sharding
– A lot more transaction per second then BTC/ETH
– Uses pBFT as consensus pool so high energy costs won’t be
applied to Zilliqa mining
– Unlike Bitcoin’s consensus mechanism, Zilliqa’s pBFT gives
finality to transactions, requiring no confirmations, which
significantly reduces the storage requirements.
– Unlike Bitcoin, Zilliqa has smart contract functionality and it
supports the building of dApps on its platform.
– Zilliqa has the first mover advantage in the arena of truly scalable
blockchains.
– Thus, Zilliqa is truly scalable, while maintaining decentralization
and security.

Is Zilliqa solving a real problem?

Many crypto projects are trying to create a non-existent problem
and try to claim it is trying to solve. The amount of media attention
due to CryptoKitties that congested the Ethereum blockchain
recently, and the long confirmation time of Bitcoin due to heavy
use of BTC due to the spike in Bitcoin price have caught the public
and media attention about the problem of Bitcoin and Ethereum
scaling issues. Moreover, the high transaction fee in Bitcoin and
also in Ethereum has prompted people started to ask for a solution
which is cheaper and faster. Zilliqa, using sharding technology, and
with the first mover advantage, is much faster than Bitcoin and
Ethereum. It is about 1000 times faster than Bitcoin and 100 times
faster than Ethereum. Also, the power requirement for Zilliqa is
only 1/10 of the Ethereum, and thus resulted in a much lower
transaction fee too. So, Zilliqa is much faster and cheaper than both
Bitcoin and Ethereum. The CryptoKitties can run smoothly in Zilliqa
network. We will see more crypto animals like cryptodoggies,
cryptobears and so on. Ethereum network definitely cannot handle
that kind of traffic. The only solution now it seems like all these
crypto animals will be run on Zilliqa.
Zilliqa also has partner with Mindshare and started to target
advertisement marketing business segment, due to its high
throughput and cheap fee which are requirement in advertisement.
It is simply impossible to do that on Bitcoin and Ethereum network.

ZILLIQA’S ROAD MAP

The highlights of Zilliqa’s roadmap are as follows:
* Zilliqa has already released public testnet v1.0
* Public testnet v1.5 release is scheduled for Q1 2018
* Public mainnet release is scheduled for Q2 2018
* dApps release scheduled for Q3 2018

Tokenomics

Total supply:- 12,600,000,000 ZIL
50 percent was distributed during ICO.
Circulating Supply:-
6,511,228,178 ZIL
The Top 100 holders collectively own 85.67%
(10,795,026,596.40 Tokens) of Zilliqa
ICO Lauch Price:- $0.003
Current Price:- 0.05 (Returns since launch 13.45x in USD
and 19.2x in BTC)
Zilliqa has a finite supply of 21 billion tokens, of which
only 60% (12.6 billion tokens) are generated at the TGE,
and the remaining 40% (8.4 billion tokens) would be
mining rewards over the next 10 years.

ZILLIQA’S TEAM

Zilliqa’s team consists of highly renowned scientists,
entrepreneurs and engineers with significant experience
in the blockchain domain and cyber-security.
The Chief Executive Officer (CEO) of Zilliqa, Xinshu Dong,
has a PhD in Computer Science from the National
University of Singapore (NUS), and is a practitioner in
building secure systems. He has led several national
cyber-security projects in Singapore, and has extensively
published his research in renowned international
conferences.
Prateek Saxena is the Chief Scientific Advisor for Zilliqa,
and has a PhD in Computer Science from University of
California, Berkeley. He is a research professor in
computer science at NUS, and has received several
premier awards such as the Top 10 Innovators under 35
(MIT TR35 Asia) in 2017.
The advisory board of Zilliqa also includes the prominent
names in the blockchain industry, like Loi Luu—Cofounder
of Kyber Network, Vincent Zhou—Founding
Partner of FBG Capital, Nicolai Oster—Partner at Bitcoin
Suisse AG, and Alexander Lipton—Founder and CEO of
StrongHold Labs.

BEL 3.0 Verdict

UPSIDES

Already has a main net and they are following their roadmap
religiously
Their latest test net trial run : 2488 transaction /sec , 6 shards
and 3600 nodes
All-star team and partnerships form foundation of project
Highly competitive ecosystem designed with scaling in mind
First-mover status using sharding

DOWNSIDES

Total coin supply is too high
Other scaling solutions will soon launch
Would benefit from more use case tests
It seemed like a strong buy at ICO level , 0.003 dollars, now its
0.05 dollars with an ATH of 0.08 dollars , this fall from ATH
might be because of the market fall. This is a medium risk,
medium return coin

 

 

Disclaimer
This document is compiled from different sources for information purposes only. We wanted it to be concise, providing you
all necessary information, making it easier for you to take your decision. Nothing here is a financial Advise.

Posted on March 12, 2018 in Coin review

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Humza Hamid

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BEL 3.0 was established by a diverse range of individuals united by the greater vision that Blockchain and peer-to-peer technologies can profoundly solve real-world problems.

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