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Zilliqa

Zilliqa (ZIL)

$ 0.00
3.79 %
Main info
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Market cap
$72.72M
3.79 %
Volume (24h)
$3.65M
3.79 %
Circulating supply
19,534,543,795 ZIL
Total supply
20,215,699,207 ZIL
Max. supply
21,000,000,000 ZIL

About Zilliqa

Introduction to Zilliqa

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.

Applications of Zilliqa

  • 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 makes it possible for DApps to make micro-payments across borders.

Advantages of Zilliqa

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.

Key data

updated $0
Market cap$72.72M
Volume 24h$3.65M
Circulating supply19.53B93% of max 21B
All-time high$0.26-99% from peak · 2021-05-06

Zilliqa (ZIL) is a public blockchain platform designed to scale through sharding — splitting the network into parallel groups of nodes that process transactions simultaneously. Launched in 2018, it was the first blockchain to implement sharding in a live network, and its coin, ZIL, is used to pay for transactions and run smart contracts. ZIL is mineable, meaning new coins are created through a proof-of-work mining process combined with Zilliqa's own consensus mechanism.

Frequently asked questions

What is Zilliqa and how is it different from other blockchains?

Zilliqa is a layer-1 blockchain whose main distinguishing feature is sharding: instead of every node processing every transaction, the network divides work among smaller groups of nodes. This lets throughput grow roughly in proportion to the size of the network, an approach pioneered by Zilliqa before other chains adopted similar ideas. It also uses Scilla, a purpose-built smart contract language designed to be more secure against common bugs.

How does Zilliqa's consensus mechanism work?

Zilliqa combines practical Byzantine Fault Tolerance (pBFT) for finalizing transactions with proof-of-work mining for establishing identities and deciding which nodes join shards. PoW runs only periodically rather than for every block, which keeps energy use relatively low while still making the network mineable. This hybrid design gives fast transaction finality — once a block is confirmed, it doesn't need multiple confirmations like Bitcoin.

How is ZIL emission and supply structured?

ZIL has a hard cap of 21 billion coins, so total supply is strictly limited and no more ZIL can ever be created beyond that. New coins enter circulation as mining rewards, distributed to miners and stakers who secure the network. The emission schedule gradually slows down as the cap is approached.

How can you store and use ZIL?

ZIL can be stored in the official Zilliqa wallet, hardware wallets like Ledger, and multi-coin wallets that support the Zilliqa chain. Beyond holding, ZIL is used to pay transaction fees, deploy and interact with smart contracts, and participate in staking to earn rewards. You can find wallets, explorers and developer tools on the official site, zilliqa.com.