Coinpedia

Zilliqa

Zilliqa is a high-throughput Layer-1 blockchain using sharding for secure, fast, and low-cost Web3 apps.

Smart Contracts

United Stateszilliqa.comFounded 2017

About

Zilliqa is a secure, scalable, and high-performance Layer-1 blockchain platform founded by Prateek Saxena, Amrit Kumar, and Max Kantelia, optimized for dApps, DeFi, NFTs, and enterprise use cases. It was one of the first public blockchains to introduce sharding, allowing the network to scale and process thousands of transactions per second (TPS) as it grows. While the official development of the platform started in June 2017 and the testnet went live in March 2018, Zilliqa is a smart contract platform that enables innovators to build a new digital economy. Key Features: • Combine PoW and pBFT to keep the network strong, secure, and energy-efficient. • Offers low transaction fees and can handle thousands of transactions per second. • Introduces Scilla, a safer smart contract language created to reduce bugs and security risks. • Supports Ethereum smart contracts, making it easy for developers to move Web3 apps to Zilliqa.

Funding

  • Initial Coin OfferingFBG Capital10,00,00001 Nov 2017
  • Initial Coin OfferingNGC Ventures2,20,00,00001 Oct 2017

FAQs

  • ZIL is the native token of Zilliqa used for paying transaction fees, staking to secure the network, participating in governance, and using dApps, NFTs, and DeFi platforms.