Zilliqa (ZIL) is one of the newest coins on the “block” as this currency has been launched at the beginning of the current year, also making it one of the first coins to be launched in 2018. After having it launched as an ICO, Zilliqa soon started to trade up as the interest for the new currency started to rise. That is how ZIL managed to gain a massive set of rises in a total of 320% in the course of only 30 days, that way making it one of the top gainers during the last month. How Zilliqa managed to sky-rocket as promptly and what ZIL is all about?
Zilliqa is Sky-rocketing While Working on Scalability
Scalability is one of the main problems with almost any currency and digital asset out there. That is how there are several currencies with a dev team that places special attention to solving the problem of scalability in decentralized blockchain environments.
Zilliqa (ZIL) is one of such currencies, and as solving scalability issues is its main “thing”, ZIL soon gained the status of a popular coin among the investors who favorize scalability over other technological qualities when it comes to choosing a preferred decentralized system.
However, what made ZIL interesting in the eyes of the investors from the day one when it was originally launched in January of 2018 is the fact that Zilliqa was presented as the first blockchain-based environment that allows its network linear scaling while also allowing the exponential growth of the physical part of the blockchain.
It is pretty easy to see why ZIL came up as a pretty interesting investment in the world of the blockchain, given the fact that this currency offered a unique solution t the problem of scalability that a great portion of platforms has to deal with.
Zilliqa and the Growing Network
The team behind ZIL managed to solve the scalability problem they were meeting along the way of designing Zilliqa network in a unique way.
Apparently, they have managed to come up with an idea that would allow them to create a network that would grow with the number of its users. That means that instead of having jammed traffic and delayed transactions in an overcrowded blockchain environment, ZIL allows its network to grow with the number of users, that way solving the scalability issue.
This is due to the sharding solutions on the network the team behind ZIL has come up with, so in theory, Zilliqa (ZIL) is able to process any number of transactions in a second, which makes it one of the fastest networks.
However, due to the number of the nodes ZIL has at the moment, it is evident that this network can, in reality, perform thousands of transactions. Since Zilliqa is designed with a special protocol integrated into its system, to have a growing potential in its network, while allowing the network to grow at a generated estimated amount of nodes.
That means that the protocol is made in a way to allow the network to grow every time there are 600 new nodes joining the network, instead of having jammed traffic as a consequence, which is usually the case.
Zilliqa and the Market
Launched in January 2018, ZIL makes up for a rather new coin. Being a newbie usually means having a rough start, but ZIL seemed to be an exception as this currency did amazingly well from the mere start.
That is how ZIL soon got to the spot 23 on the global coin ranking list, trading with the top currencies and surpassing its older peers.
During the course of the last 60 days, even despite the fact that half of the mentioned time was in the sign of the market dip that went on for 8 weeks, Zilliqa collected a set of gains in a total of 220% against the dollar, which was an amazing success.
Not only that there has been a massive market dip that significantly slowed down the majority of currencies, but ZIL makes up for a rather new coin, being barely 5 months old, which makes this pace of growth even more amazing.
In the course of the last 30 days, Zilliqa (ZIL) makes it up to the top by collecting the amazing 320% of rises during the month of April.
April was pretty benevolent to the majority of currencies; however, 320% still makes up for a great result in the course of the last 30 days.
Following the latest change in the market, ZIL is not able to resist the active market trend, which means that Zilliqa is going down against the dollar.
ZIL is dropping against the dollar for -14.37%, which means that Zilliqa (ZIL) can be currently traded at the price of 0.167$ per one unit.