A blockchain platform called Zilliqa (ZIL) was created to solve the scalability problems that standard blockchain networks experience. Decentralised applications (dApps) can be built using Zilliqa's high-performance, secure, and decentralised architecture, which also supports safe digital asset transactions. Zilliqa was introduced in 2019.
Zilliqa was established in 2017 by a group of academics and business professionals from the National University of Singapore. The project raised $22 million in an ICO in 2018, and its mainnet launched in the beginning of 2019. One of the first blockchain platforms to use sharding, which separates the network into smaller node groups or "shards" to enable more efficient transaction processing, is Zilliqa.
With a focus on high-performance and user-friendly features, Zilliqa is created to be a scalable and secure platform for creating and deploying decentralised applications. Its sharding mechanism enables the network to perform thousands of transactions per second, making it suited for applications like gaming, e-commerce, and social media that demand a high transaction throughput.
With features like smart contract formal verification, which ensures that the code of smart contracts is mathematically proven to be secure, and transaction privacy features, which allow users to conduct private transactions on the network, Zilliqa emphasises its focus on security and privacy in addition to its scalability.
The market capitalisation of Zilliqa is roughly [market capitalisation value] as of the current date. Please be aware that market cap might change owing to a number of variables, such as variations in ZIL's price and the overall supply in circulation.
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