Buy Zilliqa(ZIL)

Reason To Buy Zilliqa(ZIL)

• It works on the Practical Byzantine Fault Tolerance (pBFT) consensus algorithm.
• ZIL is the native cryptocurrency of the Zilliqa ecosystem.
• It can process more than 2000 transactions per second.
• It has a maximum supply of 21 billion ZIL coins.

Zilliqa started its development in 2017 but launched its main net 2 years later, in June 2019, led by Prateek Sharma.

It started with an aim to remove the scalability issues from the network. Zilliqa does it by sharding, i.e., distributing the single transaction to a group of nodes. This helps in improving transactions per second, ultimately helping the platform to scale. Scalability also opened the road for Zilliqa to explore the world of decentralized applications. 

ZIL is the native utility token that is also used to execute smart contracts.

Things to consider before Buying Zilliqa(ZIL)

• Zilliqa solves the issue of scalability by having a high throughput rate and being able to process thousands of transactions per second.
• It works on the concept of sharding by dividing transactions into groups of nodes. 
• ZIL is used to pay fees to the nodes and also rewards miners after successfully validating the transactions.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.