Home Ico Review Diamond ICO Zilliqa Ico Review: Make your new ideas possible with Zilliqa

Zilliqa Ico Review: Make your new ideas possible with Zilliqa

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Caribbean Dream

About Zilliqa

Zilliqa is the world’s first high-throughput public blockchain platform – designed to scale to thousands of transactions per second. Zilliqa brings the theory of sharding to practice with its novel protocol that increases transaction rates as its network expands. The platform is tailored towards enabling secure data-driven decentralized apps, designed to meet the scaling requirements of machine learning and financial algorithms. Zilliqa has been under research and development for two years and powered several ground-breaking deployments commercially.

Basic Information

Token NameZIL
Token Sale21,000,000,000 ZIL
Social MediaZilliqa Ico Review: Make your new ideas possible with ZilliqaZilliqa Ico Review: Make your new ideas possible with Zilliqa
Token Price0.0038 USD
PlatformEthereum
Token Supply2,000,000 USD
Restricted countriesChina, Japan, United States of America
AcceptingETH
WhitepaperClick Here For View Whitepaper
WebsiteClick Here For Visit ICO Homepage

Network Layer

ZILLIQA has been designed to scale in transaction rates. The main idea is that of sharding, i.e., dividing the mining network into small shards, each capable of processing transactions in parallel. In this section, we present the idea of network and transaction sharding.

Network Sharing

Network sharding, i.e., dividing the mining network into smaller shards is a two-step process. First, a dedicated set of nodes called the directory service committee (or DS committee) are elected which then shard the network and assign nodes to their shard. We present these processes below in further detail.

Fast, Secure and Decentralized

Zilliqa’s high throughput means that you can focus on developing your ideas without worrying about network congestion, high transaction fees or security which are the key issues with legacy blockchain platforms.

Develop secure and decentralized applications

Zilliqa is enabling new decentralized business models which remove middlemen and inefficiencies. The trustless connections formed on Zilliqa’s blockchain are creating new ways of interacting and trading with each other and we’ve only just begun unfolding the possibilities.

Gaming and Entertainment

Zilliqa’s non-fungible tokens allow gamers to truly own and custodize assets.

Digital Advertising

Zilliqa is helping to improve programmatic advertising by automating payments and reducing the number of intermediaries.

Payments

Zilliqa’s high scalability results in low transaction fees which make it possible for DApps to make micro-payments across borders.

Public Channel

The DS nodes publish certain information on the public channel, including the identities and connection information of the DS nodes, the list of nodes in each shard, as well as the sharding logic for transactions. The public channel is untrusted and is assumed to be accessible by all nodes. In our implementation, our broadcast primitive implements such a public channel. A user of our blockchain who would like to submit a transaction for acceptance can then check the information on sharding to get the shard responsible for processing her transaction.

Smart Security

Apart from the benefits of parallelization offered from the data flow computation model, ZILLIQA further provides a flexible security budgeting mechanism for computational sharding. This feature is enabled by sharding the computational resources in the blockchain network via an overlay above the consensus process. Computational sharding allows users of ZILLIQA and applications running on ZILLIQA to specify the sizes of consensus groups to compute for each of the subtasks. Each consensus group will then be tasked to compute the same subtask and produce the results.
Team
Member
Xinshu Dong – CEO
Christel Quek – HEAD OF MARKETING
Addison Huegel – HEAD OF COMMUNICATIONS
Yaoqi Jia – BLOCKCHAIN ARCHITECT

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Quote This article is writing on 11 July 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258

Disclaimer:

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