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Information about Zilliqa (ZIL)
Zilliqa is a public blockchain network created to overcome the current centralized payment transaction systems’ scalability and transaction processing speed. Zilliqa focuses on network decentralization, overcoming the scaling problem of blockchain by using sharding as a second-layer scaling solution. In addition, Zilliqa can process thousands of transactions per second and compete with the transaction times of centralized payment transaction systems.
Zilliqa was launched in March 2018 and was developed by a team of software engineers and experienced experts in computer science.
The Zilliqa token (ZIL) is a utility token belonging to the Zilliqa network and is used for the following purposes:
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