Zilliqa

Zilliqa (ZIL) is a blockchain created to solve Ethereum’s scalability and transaction processing problems. Zilliqa’s core feature is that it is a good foundation to build applications and networks that require high transaction throughput.

Zilliqa accomplishes its high transaction through-put by using a sharded database. In a sharded database, nodes on the network are placed in subgroups that support a specific shard rather than the entire network. Transactions happen within each shard, and eventually, the transactions from each shard are aggregated into blocks and relayed to the main chain.

Unlike most blockchain networks, Zilliqa does not use a proof-of-work consensus algorithm. Instead, Zilliqa uses a consensus algorithm that is a combination of practical Byzantine fault tolerance (pBFT) and proof-of-work.In Zilliqa’s hybrid consensus, miners are only required to do proof-of-work consensus for five minutes out of every 1.5 hours. Miners are rewarded proportionately to how many signatures they validated during the 1.5 hour period; therefore, more miners receive a reward compared to miners on most blockchain networks. Zilliqa’s pBFT consensus is computationally-intense and cannot be run by GPU’s and ASIC’s.

Above are only for introduction, not intended as investment advice.