Introduction
Zilliqa (ZIL) is a pioneering Layer-1 blockchain platform founded in 2017 and headquartered in Singapore, with teams in London and Dubai. Known as the first blockchain to implement sharding for scalability, Zilliqa aims to drive real-world adoption across various segments by addressing the heterogeneous requirements of decentralised applications.
Key Features
- State Sharding: Zilliqa introduces a unique state sharding concept, subdividing the state into x-shards tailored to specific application needs. This allows for low latency, fast transaction finality, and seamless interoperability.
- Zilliqa 2.0: This evolution of the protocol is EVM-compatible, offering customisable x-shards, fast-finality PoS consensus, and smart accounts for an intuitive Web3 experience.
- Strategic Partners: they have partnered up with banks looking at debt issuance, whiskey distillery looking at tokenization and other companies, both from Web3 and beyond.
- The Zilliqa Ecosystem: their ecosystem includes a plethora of dApps and partners that utilise Zilliqa one way or the other. These include DeFi, GameFi, NFT and many more. You can explore the ecosystem here .
Tokenomics
ZIL is Zilliqa’s token. The total supply of ZIL is capped at 21 billion tokens, with a circulating supply that varies based on network activity and staking. ZIL is used for transaction fees, staking, and participating in decentralised applications on the Zilliqa network.
During the ICO in 2018, ZIL tokens were distributed to early investors, with a portion allocated for development and ecosystem growth.
Team
- Matt Dyer (CEO): Matt Dyer leads Zilliqa with a focus on strategic growth and expansion in the blockchain space. His vision drives the company's mission to enhance blockchain accessibility and adoption.
- Richard Watts (CTO): As Chief Technology Officer, Richard Watts oversees the technological advancements and infrastructure of Zilliqa, ensuring the platform's scalability and security.
- Zoltan Fazekas (Head of Research): Zoltan Fazekas leads the research team, focusing on innovative advancements in blockchain technology to keep Zilliqa at the forefront of the industry. Zoltan is the author of the Zilliqa 2.0 whitepaper and spearheads the next evolution of the Zilliqa protocol.
Conclusion
Zilliqa stands out as a highly scalable and efficient blockchain platform that continues to innovate through the development of Zilliqa 2.0. This next evolution of the Zilliqa protocol is designed for mass adoption, adapting to the needs of developers and businesses while making Web3 easy to use for everyone. Ziliqa’s commitment to real-world adoption, interoperability and strategic partnerships positions it as a significant player in the blockchain space.
