Zilliqa Price

Zilliqa (ZIL) is a cryptocurrency that powers the Zilliqa blockchain platform, currently ranked #345 by market cap. Launched in 2017, ZIL uses a unique sharding technology to achieve high throughput and scalability for decentralized applications. The current price of ZIL is $0.00427, with a 24-hour change of +2.2%. It has reached a 24-hour high of $0.004371 and a low of $0.004086, with a trading volume of $178.37K. ZIL has a circulating supply of 19.51B ZIL out of a maximum supply of 21B ZIL. The token is used for transaction fees, staking, governance voting, and accessing various services within the Zilliqa ecosystem, including DeFi applications, gaming platforms, and payment solutions. With a market capitalization of $83.32M, Zilliqa continues to develop its ecosystem with smart contract capabilities, metaverse applications, and cross-chain compatibility.

Zilliqa was created in 2017. The project was initially launched as an ERC-20 token on the Ethereum blockchain in January 2018 during its initial coin offering (ICO). Zilliqa later migrated to its own mainnet, which went live in January 2019. The cryptocurrency was developed with a focus on scalability through sharding technology, allowing for higher transaction throughput compared to traditional blockchain platforms.

Zilliqa was co-founded in Singapore by three individuals: Prateek Saxena, Max Kantelia, and Juzar Motiiwalla. The project was established in 2017 with a focus on developing a high-throughput blockchain platform that utilizes sharding technology to improve scalability. The founding team brought together expertise in computer science, business development, and technology innovation to create Zilliqa's unique architecture.

Zilliqa operates on a unique hybrid consensus mechanism combining Practical Byzantine Fault Tolerance (PBFT) with sharding technology. The ZIL blockchain uses sharding to process transactions in parallel, allowing for high throughput of over 2,500 transactions per second. When users send transactions, they're grouped into shards and processed simultaneously by different validator nodes. These validators stake ZIL tokens to participate in network security and earn rewards. Currently priced at $0.00427 with a market cap of $83.32M, ZIL serves multiple functions: paying transaction fees, staking for network security, governance voting, and as currency within the Zilliqa ecosystem. The network has 19.51B ZIL tokens in circulation out of a maximum supply of 21B ZIL. Zilliqa's smart contract functionality enables dApps, DeFi protocols, and NFT marketplaces to be built on its scalable infrastructure.

Zilliqa utilizes a unique sharding-based technical architecture that significantly enhances blockchain scalability. This architecture divides the network into smaller shards that process transactions in parallel, allowing Zilliqa to achieve higher throughput than traditional blockchains. The network implements a hybrid consensus mechanism combining Practical Byzantine Fault Tolerance (PBFT) and Proof-of-Work (PoW), where PoW is used only for establishing node identity while PBFT handles consensus within shards. Zilliqa's smart contract language, Scilla, is designed with security in mind, featuring formal verification capabilities to prevent vulnerabilities. The platform also incorporates a novel transaction model that supports atomic operations across multiple shards, ensuring consistency across the network while maintaining high performance.

Zilliqa has an ambitious roadmap focused on enhancing its ecosystem through 2025 and beyond. The project is transitioning from its original ERC20 token structure to its fully operational native blockchain, emphasizing scalability through sharding technology. Key future developments include expanding smart contract capabilities, improving cross-chain interoperability, and growing its DeFi and metaverse applications. By 2027, Zilliqa plans to complete major protocol upgrades to increase transaction throughput and reduce fees. The 2028 roadmap includes enhanced developer tools and expanded partnerships in gaming and NFT sectors. Long-term vision for 2031 focuses on enterprise adoption and becoming a leading platform for decentralized applications. With a maximum supply of 21B ZIL and current circulating supply of 19.51B ZIL, Zilliqa has significant room for ecosystem growth. The team continues to prioritize security, scalability, and user experience while building a comprehensive Web3 infrastructure.