Introducing Zilliqa Coin

In this article I am going to talk about what is Zilliqa? ZiIliqa was founded in 2017 by a team of computer scientists and academics led by Prateek Saxena, Xinshu Dong and Amrit Kumar. Zilliqa is a faster and more powerful blockchain platform built on top of the Zilliqa block network This is also the third generation platform that upgraded a network from ERC20 to Zelliqa minnet. While Bitcoin is the first generation and Ethereum is the second generation platform.

The introduction of this third generation platform is an attempt to address some of the issues affecting the slowdown in crypto assets. The main problem that Zilliqa is trying to solve is scalability. Skability is the ability of a crypto-asset to process a large number of user transactions without slowing down. Scalable crypto assets can process the transactions of many companies at high speed.

Zilliqa hopes to use a partition system to solve the scalability problem. As the first to use the partitioning system and also received a lot of support from the crypto community, Zilliqa received the ISO in the year of its establishment, namely 2017. The fragmentation consists in splitting the Zilliqa network into different groups of notes ... called shark . Each fragment consists of 600 nodes that function as a mini blockchain network. Fragmentation allows transactions to be processed separately, rather than as a group, so that multiple transactions can be processed. It also means transactions are processed faster as they grow. The more fractions there are, the more transactions they can process.

Zilliqa has its own ERC20 token called Zilliqa Coin or Zil, Zil is used to conduct valuable online transactions and reward nodes and miners for protecting the network. To date, 11 billion Zilliqa coins are in circulation worldwide. The number of Zilliqa coins intended for circulation is 21 billion.