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Zilliqa Price

(ZIL)

$0.002794
0.00%(5m)

1m5m15m1h8h1d1W
Zilliqa (ZIL) Live Price Chart

    Zilliqa Live Price Data

    Zilliqa is currently trading at 0.002794, with a 24-hour trading volume of --. Over the past hour, the price of Zilliqa changed by -2.85%, and over the past week, its value in dropped by -6.36%. The circulating supply of Zilliqa is 20.08B ZIL, with a market cap of 0 , down -2.85% in the last 24 hours. Zilliqa is ranked #349 by market cap.

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    Note: This data is for reference only.
    pk

    ZIL(ZIL) Profile

    altRank349
    rateBBB
    Expand
    $0.002791
    $0.002905

    ATH
    $0.25629331
    Price Change (1h)
    -0.78%
    Price Change (24h)
    -2.85%
    Price Change (7d)
    -6.36%
    Market Cap
    24h Volume
    Circulating Supply
    20.08B
    Max Supply
    21B

    About Zilliqa

    • What is Zilliqa (ZIL) Cryptocurrency?

      Zilliqa is a public blockchain designed to offer high throughput, offering smart contract functionality to support Web3 dApps. Launched in 2017, the Zilliqa network employs sharding technology to make its blockchain more scalable to support commercial decentralized applications across the areas of DeFi, NFTs, Creator Economy, and more.

      As of January 2022, Zilliqa supported nearly 200 dApp protects within its ecosystem. It is home to a wide variety of decentralized apps such as DEXs, wallets, NFTs, Web3, gaming, metaverse, digital payments, esports, oracles, and more.

      In addition to hosting dApps for commercial use, Zilliqa also offers a secure and reliable platform for the development of enterprise dApps. Its fast and scalable infrastructure allows businesses to explore the exciting opportunities that blockchain technology offers, supporting not only enterprise-grade applications but also the tokenization of real-world assets.

      ZIL is the native utility token used within the Zilliqa ecosystem, letting users interact with smart contracts and dApps operating on the blockchain. It also serves several other applications, including functioning as in-app currency, governance token, and can also be staked to improve the network’s resilience.

      What’s interesting about the ZIL crypto is that it can also be mined as the Zilliqa blockchain employs a Proof-of-Work consensus mechanism.

    • How Does Zilliqa Work?

      The Zilliqa blockchain’s use of network sharding allows the entire ecosystem to be broken down into smaller groups of nodes (or shards) to enable it to process thousands of transactions per second. The sharding architecture addresses the scalability issue by allowing the nodes to process transactions in parallel. This helps the blockchain realize far higher throughputs than several of its peers even as the network expands in scope.

      The novel protocol Zilliqa leverages a unique Proof-of-Work (PoW) consensus mechanism for Sybil resistance merged with practical Byzantine fault tolerance (pBFT). The sharding capabilities make PoW consensus far more efficient for a blockchain like Zilliqa, allowing it to enjoy a high throughput and transaction rates and lower operating costs than leading PoW networks like Bitcoin and Ethereum.

      The pBFT consensus protocol in use to secure the Zilliqa blockchain consumes lower computational resources and energy for processing transactions. The blockchain also leverages multi-signatures to provide greater security in validating and creating new blocks as the network grows.

      The PoW consensus algorithm also allows the network to support eco-friendly mining of its ZIL crypto in short, fast bursts which require far less energy than conventional PoW blockchains. The infrastructure also supports dual mining features, letting miners switch from ZIL to mine other tokens quickly to earn higher rewards with the same equipment.

    • When Was the Mainnet of Zilliqa Launched?

      The Zilliqa blockchain launch took place in Q2 2017, followed by the release of its technical whitepaper in the next quarter. The Zilliqa testnet’s first version went live in Q1 2018.

      The mainnet launch of Zilliqa happened in Q1 2019, and the network went through several rounds of upgrades in subsequent quarters. Q4 2019 saw the launch of Zilliqq’s multisig wallet.

      The ZIL token, which was originally designed as an ERC-20 token on Ethereum, underwent a token swap to become the native digital asset of the Zilliqa network. This event occurred in Q1 2020, a year after the mainnet launch of the blockchain.

      ZIL staking went live in Q2 2020, along with continued upgrades to the Zilliqa mainnet through the year. The first and very own DEX on Zilliqa ZilSwap was launched in Q4 2020.

      2021 saw the network evolve further and attract the development of more dApps within its ecosystem. In addition, the governance functions received more focus during the period. One of the most notable developments in the year was the launch of ZilBridge to support transfer of tokens between Zilliqa and Ethereum.

    FAQ

    • How much is 1 Zilliqa (ZIL) worth?

    • Is Zilliqa Crypto a Good Investment?

    • What is ZIL Crypto Used For?

    • Is Zilliqa (ZIL) an ERC-20 Token?

    • How to Stake Zilliqa’s ZIL

    • What is the all-time high price of Zilliqa (ZIL)?

    • What is the all-time low price of Zilliqa (ZIL)?

    • How much Zilliqa (ZIL) is there in circulation?

    • How do I store Zilliqa (ZIL)?