Zilliqa is a blockchain specifically built for computation-intensive processes and enterprise-level solutions. It utilizes sharding, a method of partitioning databases for better performance, to achieve high throughput and cost-effectiveness.
Established in 2017 by Amrit Kumar and Xinshu Don, two researchers of the National University of Singapore, Zilliqa is now operated and developed by a team of experts from top universities around the world.
Zilliqa operates with a highly sophisticated tech architecture. Though it uses the PoW consensus mechanism, sharding allows Zilliqa to be extremely easy to scale. In fact, the network was the first blockchain to implement sharing as a solution to scalability issues. Zilliqa is poised to be the scalable blockchain foundation for such complex applications as Internet of Things, machine learning, neural networks, etc.
Zilliqa has its own programming language known as Scilla (Smart Contract Intermediate-Level Language). The language is designed with such a structure that enables dapps to have multiple layers of security and to be inherently less vulnerable to attacks.
ZIL is the native token of the network. It is needed to build and use Zilliqa as well as the dapps built on it.
The total supply of ZIL is 21 billion. At the moment, there are about 13.39 billion ZIL tokens in circulation.
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