What is Zilliqa?
Zilliqa is a high-throughput public blockchain platform that was designed to scale in an open, permissionless distributed network securely.
It is the first public blockchain platform that implements sharding, allowing for linear scaling as the network grows in size. Zilliqa was created to address the scalability issues of existing blockchains, such as Bitcoin and Ethereum. By using sharding, Zilliqa can process thousands of transactions per second without sacrificing decentralization or security.
This makes it suitable for applications that require high throughput and low latency, such as decentralized finance (DeFi) and gaming. The Zilliqa platform is powered by its native cryptocurrency, ZIL. ZIL is used to pay transaction fees on the network and incentivize miners who secure the network with their computing power.
It also serves as a medium of exchange between users on the network. In addition to its scalability features, Zilliqa also offers a smart contract platform called Scilla which provides enhanced security for developers building decentralized applications (dApps). The platform also includes tools for developers such as an integrated development environment (IDE) and a virtual machine (VM).
