Welcome to this weeks edition of the PaperCoins Newsletter where the community’s favourite crypto projects get reviewed. For this week’s crypto review we have Zilliqa or $ZIL.
You can trade $ZIL now on Binance.
More on Zilliqa
Zilliqa is a scalable, secure public blockchain platform
It’s the first public blockchain platform that implemented sharding and achieved a throughput of 2828 transactions per second in its test net.
This enables new use cases that have high-throughput demands that were not previously possible on legacy public blockchain platforms.
Introduced in 2017, Zilliqa (ZIL) is centered around the idea of ‘Sharding’ and was designed to enhance the scalability of cryptocurrency networks such as Ethereum. Sharding is analogous to the concept of ‘divide and conquer’, where transactions are divided into smaller groups for miners to perform parallel transactional verification. The upshot of this is the ability to reach consensus more quickly, which would increase the number of transactions in a given period. According to the white paper, transactions speed could scale to approximately 1000x that of Ethereum’s network. Zilliqa’s high throughput means that developers can focus on fleshing out their ideas rather than worrying about network congestion.
PaperCoins is a fundamental research platform for giving in-depth analysis on blockchain projects. It combines experts in different fields to produce one cohesive document to fully analyse a project. This ranges from how experienced the team is, to the UI/UX or the project and even reading through the github code to find any discrepancies.
You can find PaperCoins on Twitter.
The Daily Chain – Inform. Educate. Succeed.