The platform blockchain space is saturated with projects that have the same selling points i.e. Speed and transaction costs. This came about due to the network overload on the Ethereum network in 2017. However, while most of these projects do beat Ethereum (ETH) in terms of transactional efficiency, most of them miss one critical component, and that’s decentralization.
Most of them run on centralized servers, which defeats the whole essence of blockchain, and also makes them highly insecure. This means that in reality, they are not real Ethereum competitors. The real Ethereum competitors will be projects like Zilliqa (ZIL), which is a real blockchain, just like Ethereum. Once the Zilliqa mainnet goes live, it will be a force to reckon with in the Dapps ecosystem.
One of the factors that make Zilliqa a force to reckon with is its decentralized nature. Once the mainnet goes live, anyone will be able to run a node. It will be a fully community driven project, that adheres to the whole essence of blockchain technology. This makes it secure and that’s an attractive feature for Dapps developers. Security is an important selling point, and the ability to develop secure applications will be a key selling point in the future. On this strength alone, Zilliqa (ZIL) could gain traction quickly and emerge as one of the most important smart contracts platform out there.
But it’s not just security that makes Zilliqa stand out. It also beats centralized platforms in terms of operational efficiency, especially in terms of speed. Zilliqa makes use of Sharding, which allows it to scale to thousands of transactions per second. On top of that, Zilliqa has managed to increase smart contracts efficiency by two times. This means that once it goes live, Zilliqa will be one of the most efficient blockchains for the execution of smart contracts. When this efficiency is combined with its decentralized nature, Zilliqa (ZIL) comes up as a serious contender for the top Dapps platform in the future. It has what it takes to achieve it, from a tech perspective.
The only factor that would stand between Zilliqa (ZIL) and the top spot in the platform blockchains space is the network effect. But even on this front, Zilliqa (ZIL) will catch up over time. Zilliqa (ZIL) has been making in-roads in other areas outside of Asia. For instance, they have made tremendous progress in marketing the project in places like Europe, and with the launch of the mainnet, these efforts could see these efforts bear fruit. That’s because an increase in Dapps in its ecosystem will create buzz, that could see it drive up the levels of awareness, as well as attract more exchanges to list it.
With such factors pushing up its value, Zilliqa (ZIL) stands in a good position to record huge growth and emerge as a top contender to become one of the top platform blockchain. This is a sleeping giant that will surprise investors in the future. A top 10 position for Zilliqa is a high probability.