With crypto prices so low, it is easy to get caught up in price speculation, and lose sight of the whole essence of blockchain technology. Blockchain was from the very onset meant to be decentralized solution to most of the problems that the world is facing today. Some of these problems include the security vulnerabilities of a centralized internet, and too much control over personal information by centralized internet giants. While solving these problems is a noble goal, there have been some serious bottlenecks towards the achievement of these goals.
The biggest of these being scalability. Most blockchains have failed to offer any concrete solutions to the world because, they simply can’t scale. For instance, in the payments landscape, blockchain tech holds lots of potential, as a solution to centralized payment companies that are expensive and vulnerable. Unfortunately, when the available blockchain solutions can only handle less than 100 transactions per second, it becomes impractical.
In spite of these challenges, there is light at the end of the tunnel. Blockchain 3.0 solutions are coming up, and they will push blockchain to the mass market. One blockchain 3.0 solution that stands out is Zilliqa. The Zilliqa blockchain has solved the scalability problem that blockchain 2.0 solutions like Ethereum (ETH) are still struggling with. Zilliqa has achieved this through Sharding, a technique that allows it to hit upwards of 2000 transactions per second, with the potential to achieve more. This makes it a very practical blockchain for the development of world-class decentralized applications. This breakthrough places Zilliqa in a very good position for adoption, once it goes live on its mainnet in Q1 of 2018.
For Zilliqa investors, this is a good enough reason to hang on to their investments, in spite of the massive collapse in prices. That’s because, once Zilliqa goes live on its mainnet, it will draw in Dapp’s developers focused on different industries, and drive up demand for Zilliqa (ZIL), the native token to the Zilliqa ecosystem.This is a good enough reason to be long-term bullish on Zilliqa (ZIL).
However, the best part is that the Zilliqa blockchain has a solid team behind it. Crypto space is full of so many good projects that have ended up as vaporware. This is mainly due to lack of strong and committed teams behind them. The Zilliqa team has remained committed to this project all through. They have met every goal they have set for the project in spite of the unprecedented drop in prices in 2018. The Zilliqa team has also been marketing the project heavily, both in the project’s strongholds of Asia, and beyond. For instance, they have made in-roads in Europe, through the U.K. All these are signs of a strongproject that is backed by rock solid fundamentals.
In essence, any Zilliqa investor who stays focused on the bigger picture stands to reap big once the bear run comes to an end. A bear market is just sentiment that has no bearing on how good or bad individual projects are. Ultimately, fundamentals will be the primary value drivers for cryptocurrenices, and Zilliqa (ZIL) has some very good fundamentals.