Zilliqa (ZIL) explained in 6 steps

Zilliqa is a blockchain network that was created to yield high outcomes and outturn. The cryptocurrency of this network is ZIL. 

1. When and by whom was it founded?

Zilliqa was established by a team of computer scientists from Singapore National University, and its token ZIL was released on January 26, 2018.

2. Infrastructure of ZIL

It was established to ensure the easy operation of networks that require high transaction speeds. It has a decentralized structure and is operated by using a PoW algorithm at a single point. It is supported by smart contracts and consumes less energy.

3. What does it promise users?

It promises to solve scalability problems in the blockchain ecosystem using a simple method. It aims to perform thousands of transactions in a second by dividing parallel transactions executed on the main network into small parts.

4. Is ZIL mined?

ZIL is a type of cryptocurrency that is mined. Owing to the consensus mechanism, mining can be performed by consuming rather low amounts of energy. There are miners in many countries around the world contributing to the ZIL ecosystem.

 5. The lowest and highest price, and total supply

The lowest price of ZIL was recorded on March 13, 2020, at $0.002477. On May 10, 2018, it reached a high of $0.2315. The total supply of the cryptocurrency is 21,000,000,000 ZIL with a circulating supply of 10,914,657,117 ZIL.

6. How can I make ZIL transactions with Paribu?

Click on the link and make your ZIL transactions right now using Paribu.

Bu içerik en son 26 October 2022 tarihinde güncellenmiştir.


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