Zilliqa (ZIL)

What is Zilliqa?

The Zilliqa project is developing a smart contract platform for various dapp development similar to Ethereum. The focus of the team behind Zilliqa is speed and data throughput, so their idea is to create the network that speeds up with more nodes supporting it. They manage this by utilizing a technology called Sharding. This enables the network to divide into subnetworks that are able to parallelly process transactions. The network utilizes the Ethash PoW protocol to provide protection against Sybil attacks, and the PBFT (Practical Byzantine Fault Tolerance) to reach the overall consensus. The smart contract language dubbed Scilla should be better suited for bug-free contracts than Solidity is. The native currency of Zilliqa are Zillings (ZIL) and they allow holders network usage rights, transaction processing payments and smart contracts running. Zilliqa aims toward disrupting the games and entertainment sector, as well as digital advertising and finance.