Zilliqa is the world’s first high-throughput public blockchain platform, designed to scale to thousands of transactions per second.
Zilliqa only recently completed their ICO and went live on some exchanges,
at the moment you can purchase Zilliqa on the following sites :
Binance: https://goo.gl/dKQGPu
KuCoin: https://goo.gl/eYyZ17
Bitbns: https://goo.gl/nFkUij
Coinmarketcap: https://goo.gl/2tRKsd
Whitepaper: https://goo.gl/wjAGFp
Website: https://goo.gl/jqebRJ
Youtube: https://goo.gl/UhcVsM
Twitter: https://goo.gl/kHk4sw
Reddit: https://goo.gl/4QUtv9
Telegram: https://goo.gl/Y6fdFv
The core feature that makes Zilliqa scalable is sharding — dividing the network into several smaller component networks (called shards) capable of processing transactions in parallel. Additionally, this platform is geared toward allowing for secure and data-driven dApps, while meeting the scaling requirements for financial algorithms and machine learning.
While there are numerous public blockchain platforms available, Zilliqa’s scalability makes it a very important contribution. This comes largely from its ability to process more transactions each section when more mining nodes get added to the network. While this seems reasonable to those unfamiliar with blockchain tech, it is very technically challenging and has never been possible. That difficulty makes Zilliqa’s unique consensus protocol that solves this problem even more impressive.
Because of the scalability, Zilliqa can support dApps that require higher transaction rates than those currently available, expanding the options for developers. The team behind Zilliqa can see the platform being used to run dApps like high-volume parallel auctions, payment networks, and transparent digital advertising supply chains.
The Zilliqa mining process is not based directly on PoW. All nodes begin with PoW at the beginning of their DS epoch. After this, the nodes participate in pBFT consensus protocols. The consensus protocol requires a majority vote for the block to be valid and committed to the blockchain. Following a node’s PoW, it can vote for a specific quantity of blocks, with each committed block delivering a reward. This method contrasts with Bitcoin mining, where nodes must do PoW for each new block. That lower frequency of PoW in Zilliqa leads to a smaller energy footprint.
Despite a large number of public blockchain platforms available, Zilliqa manages to take an innovative approach and offer something new to those interested in developing decentralized apps. The unique protocol and use of sharding seem to make sense, but they will have to be tested by dApps that require the high transaction rates touted by the platform.
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Bitbns: https://goo.gl/nFkUij
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