ZilliqaZIL

About Zilliqa (ZIL)

Zilliqa was the first public blockchain to implement sharding, achieving high throughput by splitting the network into parallel processing groups. It uses the Scilla smart contract language designed for safety and formal verification.

How Zilliqa Prices Are Determined

Zilliqa prices are determined by supply and demand across global cryptocurrency exchanges. Key factors include trading volume, market sentiment, regulatory developments, technological upgrades, and macroeconomic conditions. Prices can vary between exchanges due to liquidity differences and regional demand.

Frequently Asked Questions

What is Zilliqa?

Zilliqa is a blockchain platform that was the first to implement sharding on mainnet in 2019. It splits the network into smaller groups (shards) that process transactions in parallel, achieving throughput that increases with the number of nodes, a linear scaling approach.

What is the Scilla programming language?

Scilla (Smart Contract Intermediate-Level Language) is Zilliqa's purpose-built language designed with formal verification in mind. It separates computation from communication, making contracts easier to analyze for security vulnerabilities and preventing common attacks like reentrancy.

What is Zilliqa 2.0?

Zilliqa 2.0 is a major upgrade that introduces EVM compatibility, x-shards for composability, and a new proof-of-stake model. It enables Ethereum developers to deploy Solidity contracts on Zilliqa while maintaining the network's sharding architecture for scalability.