Author: Wang Yanhua
Zilliqa (ZIL) is one of the newest coins on the “block”. Soon after the cryptocurrency was launched at the beginning of 2018, it started to trade up and climbed to the spot of the 23rd largest coin by market cap on CoinMarketCap’s list of cryptocurrencies.
In fact, its market cap increased by 320% in the last 30 days, and it just crossed the $1 billion threshold last Monday. That definitely makes ZIL a coin to look out for.
ZIL is hosting an event in Singapore on 23rd May at Singapore Science Park, called “Sharding in Action & Security by Design”. Speakers will cover ZIL’s progress, onboarding partners, and a preview of its new smart contract language Scilla.
The event would be broadcast on Youtube later as well, according to the organisers.
The Singapore-based project presents itself as solving the scalability problems endemic to blockchain technology through sharding, an efficiency-boosting technique that predates bitcoin but has yet to prove its viability in big permissionless networks.
ZIL is aiming to bring the theory of sharding to practice with its protocol that increases transaction rates as its network expands. It is designed to scale to thousands of transactions per second.