With the cryptocurrency market projected to hit the $1trillion mark this year, the Zilliqa (ZIL) Bull Run is keeping the current holders on their toes. For those who invested on ZIL at the beginning of April, they are already seeing their portfolio growth.
Zilliqa (ZIL) is a unique project that is deriving its adoption from is goals rather than hype that come with any new coin in the market. It has a value proposition that positions itself as a natural choice coin that is set to be among the top ten coins by market capitalization.
The continuous ZIL growth has not been distracted by the rumor of planned Ethereum airdrop. Through their official twitter handle the claims have been trashed is a phishing bid and untrue;
Scam alert: “We are aware of an ongoing scam attempt that involves the use of a phishing website. The website is asking for user’s private key information in order to participate in a Zilliqa airdrop. Please note there is no airdrop. Stay safe”.
Why the Amazing Interest in Zilliqa (ZIL)?
The natural attraction to the coin is based on its robust architecture and its ability to offer scalable transactions rates to the next level. Built on the Ethereum, the platform is baking on the increased mining power that will increase the transactions speeds.
In the next few days, Zilliqa expects to utilize is new and unique sharding concept. This will help the network breakdown the system in to smaller shards for the ease of transaction processing. With many blockchains facing scalability issues, Zilliqa promises an environment where congestion will never slow down transactions.
The sharding technology will help Zilliqa interlink with other blockchain ecosystems in the near future. With its proven ability to maximize scalability with the blockchain technology, the platform is far much superior to its peers. With smart contract vulnerabilities reported on Ethereum, Zilliqa is set to address all parity issues on the onset.
Zilliqa (ZIL) Market Recap amid Airdrop Rumors
If figures are what you look at before investing in any cryptocurrency, then Zilliqa (ZIL) market performance has you covered. Quick look at the ZIL coin chart will only show one thing, a stable coin that is gathering value on its way to the top. The coin is one of the best performing in the market and the future still looks green.
Despite the recent false rumors that Zilliqa is giving Ethereum airdrop, the coin growth has not been affected. ZIL is currently trading at $0.164732 at the time of writing and has gained 14.12%, 17.76% and 19.70% against the USD, BTC and ETH in the last 24 hours. It is no brainer that the coin is ready to it on bigger cryptocurrencies with a market cap of $1.2billion for a coin that hit the cryptocurrency market in January, 2018.
Zilliqa (ZIL) Red Prawn Launch and the Platforms’ Future
The Testnet v10, code named the Red Prawn is a major catalyst in the platform improve throughput to cater for the anticipated network capacity growth. This will also cater for the ever increasing transaction demand. With the Testnet v10, the platform will be able to comfortably process 1000 transactions in one second.
However, the Testnet v10 stability is still being worked on but there are a lot of positive results with some nodes hitting the 2,000 to 3,000 transactions by the second! If this works out according to the developer team, it will be a huge milestone given that most Altcoins are struggling to achieve 1000 transaction per second.
The Noorcoin partnership is a clear indicator that the Zilliqa (ZIL) ecosystem is ripe for adoption for state-of-the-art throughput transactions. According to the founder of Noorcoin, Sofia Koswara, Zilliqa will open future opportunities in setting pace in high standard quality in blockchain best practices.
Holding all market forces constant, Zilliqa (ZIL) is a must have coin on any investor portfolio at the moment. The demand for the platform and anticipated usability are some of the reason to join the ever supportive Zilliqa community whilst growing your crypto holdings for fast positive returns.