Will Zilliqa (ZIL) Destroy the Popularity of Bitcoin and Ethereum?

in #ethereum6 years ago

hallo steemian ,,, Altcoin is now Destroying the Popularity of Bitcoin and Ethereum. One of the biggest problems facing many blockchain platforms is scalability. In fact, this is one of the major hurdles against mass adoption of several major projects such as Bitcoin and Ethereum. One project that seems to have achieved this with a remarkable success rate is Zilliqa (ZIL).
Zilliqa stands as one of the most scalable blockchain projects on the market. That's because he uses a revolutionary new concept known as Sharding. This divides the node into micro transactions that can be sent on a parallel network.
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The Sharding concept has been tested on private blockchain, and so far the results are remarkable. While testing it in personal blockchain, Zilliqa (ZIL) has managed to reach speeds of over 2400 transactions per second. That's why the same implementation in public blockchain is a much-awaited event.
The scalability of this public blockchain will occur on May 23, and the market is already excited. In recent weeks, Zilliqa has risen, pushing from around $ 0.038585 on April 10 to its current price of around $ 0.088227. That is a 120% price increase in 10 days, indicating that demand is rising, as we approach the D-Day public blockchain scalability. Once this is launched, you can expect Zilliqa to be higher, given that this project has the potential to make many current blockchain projects in the market irrelevant.

You know how people mock EOS as a Ethereum killer? Well, Zilliqa can be the one who kills not just Ethereum but many other crypto in the market. That's because it has everything most other cryptoes have, but in a better and better version. For example, on top of the scalability issues solved through the Sharding concept, Zilliqa also makes use of Scilla's revolutionary programming language to write intelligent contracts that are easily verified. This is one feature that can eat not only to the Ethereum market, but also to market some other blockchain projects that focus on developing Dapps.
Zilliqa (ZIL), therefore, is set to revolutionize not just decentralized application development, but the financial world as well. In the future we can see it adopted by diverse merchants who are looking for a fast, scalable crypto and with low transaction costs. That is one area that many cryptos including bitcoin can not achieve significant success.

So what is the potential future value of Zilliqa? In the future, we tend to see Zilliqa hit a dollar. One can argue that the total supply is too high for such an assessment. However, it has been proven that the total number of coins in circulation has nothing to do with the growth of crypto value. Riplle is a great example for this. The enormous volume makes people believe that it will never be up to a dollar, but it reaches a value of over $ 3 in December. Zilliqa (ZIL) can also surprise many people, if its strong technical attributes are everything.

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