Zilliqa: A scalable blockchain platform with througput of thousands of TX/s

[chemal]

TestNet tomorrow Zilliqa have met all their dates so far, and rest assured the Zilliqa TestNet will be live tomorrow.

[Jocolyn]

The price of the tokens are accessible to anyone.

[justdox]

Anyone knows when the token platform will be ready to use?. Is there going to be testnet and mainnet release?

Hello! It is expected that the tokens will be added to the mainnet Zilliqa in the form of ZIL tokens in 2018.

More information, page 17: https://docs.zilliqa.com/positionpaper.pdf

[Stephanie2608]

Zilliqa is the world's first high-throughput public blockchain platform - designed to scale to thousands ​of transactions per second.

Zilliqa brings the theory of sharding to practice with its novel protocol that increases transaction rates as its network expands. The platform is tailored towards enabling secure data-driven decentralised apps, designed to meet the scaling requirements of machine learning and financial algorithms.

​Zilliqa has been under research and development for two years, and powered several ground-breaking deployments commercially.

I think a great company for investment, investment safety is an important point!

[justdox]

Zilliqa is trying to solve for the scalability problem in blockchains using a technique called sharding. but ethereum also doing same in coming months

What about Zil vs Ethereum!? I found this information:

"• Transaction rate: The Ethereum blockchain protocol has a transaction rate of around 10 tx/s. ZILLIQA is currently 250 times of that.

• Consensus: Ethereum uses PoW for consensus, ZILLIQA uses pBFT for consensus. PoW in ZILLIQA is used only to establish identities to prevent Sybil attacks. Once identities are estab- lished, the network can reach consensus on several blocks in a row. This makes PoW more efficient as a new PoW is not required per block as in Ethereum.

• Smart contracts: ZILLIQA will also be different from Ethereum in terms of smart contracts. The basic difference comes from the fact that ZILLIQA’s underlying smart contract language will not be Turing-complete.

• Finality: ZILLIQA’s consensus protocol gives finality. This means that no confirmation is required. This is different from PoW-based consensus in Ethereum where temporary forks can occur and hence a certain number of confirmations are required to have a cushion against double spends.

• Scalability: Ethereum is exploring how to do PoS securely and effectively in its future versions. ZILLIQA takes a different approach with sharding for an accelerated path to scalability. We will try to be compatible with Ethereum wherever possible wrt mining, smart contract language, etc.

• Mission: ZILLIQA has a specific mission to support high-throughput dApps that need to leverage the properties of a blockchain: openness, accountability, and transparency, etc. ZILLIQA will focus on supporting those dApps requiring high throughput or high volume. Some of the existing dApps on Ethereum may benefit from ZILLIQA, but we do not expect those to be the majority."

[justdox]

Just to understand if i've understood well, the main purpose of this coin is to create a blockchain with a througput  times and times better than the other blockchain?

You understood correctly. The first high-throughput public blockchain platform designed to scale to thousands of transactions per second. It brings the theory of sharding to practice with its novel protocol that increases transaction rates as its network expands.

Sharding - splitting large data into parts (fragments) by certain attributes and algorithms in order to significantly speed up access to the desired data.

What about "what is the ZIL token for?":

This token grants holders the right to use the platform, payment for sending transactions, as well as performing intellectual contracts. Zilliqa has a final offer volume of 21 billion tokens.

[Scout Georgenson]

We just need more patience 'til it arise to bitcoin's price!

[oseventwenty]

We neee a proper thread...

[Lenor5.3090]

Zilliqa has been doing for years, the two quarter as the main chain, technology Daniel, active suocang three years

[Sergeant89]

Zilliqa Testnet v1.0 Release: Codename Red Prawn
https://blog.zilliqa.com/zilliqa-testnet-v1-0-release-codename-red-prawn-27974ca46ecb

[felissss500@gmail.com]

Bought zil 30% of the deposit, as I think it's time to buy, when the market is falling very well proved.

[Notin2]

We just need more patience 'til it arise to bitcoin's price!

Lol! Then you really need the whole time in the world for that, i have bought zil for quite some time now and it has been down since from time i bought in, am not worried because i intend to hodl long term atleast give the project enough time to development in 70% of roadmap before thinking of selling any zil, i know once mainnet is fully develop, everything will will pick up for zil, so am just patiently waiting for turn around but not sure if up to btc price though

[bitcircle]

Bought zil 30% of the deposit, as I think it's time to buy, when the market is falling very well proved.

There is huge support behind this platform so many people are involved into this project and many are just waiting to get more news. Agreed with you after recent update this good time to buy more while it is still very cheap but sustain in bearish situation.

[RodneyGrillery]

Bought zil 30% of the deposit, as I think it's time to buy, when the market is falling very well proved.

There is huge support behind this platform so many people are involved into this project and many are just waiting to get more news. Agreed with you after recent update this good time to buy more while it is still very cheap but sustain in bearish situation.

Yeah, but the thing is, what is very cheap?  What makes this price so cheap when the price of the coin is still over 10x the ICO price?

If BTC goes to say 5k at some point, Zilliqa will be getting much cheaper than this...

was zilliqa ico price in fiat 0.38 cents or 0.81 cents? i'm getting conflicting answers

It lools like ico price in ETH was same - it s 0.0000084656 ETH.
But in USD it s differ from 0.38 to 0.81 cents - because of ETH price fluctuation, i think.

https://icodrops.com/zilliqa/

https://www.reddit.com/r/zilliqa/comments/7nvm8i/what_was_the_ico_price_of_zil/

the ICO price was .0038 cents not .38 cents lol... .38 cents is almost 10x the current price

[kosaet]

How do we line up against Credits? They claim to have big tech but seems a bit scammy? Any thoughts??

[adet23rc]

How do we line up against Credits? They claim to have big tech but seems a bit scammy? Any thoughts??

1 million tps is the most hilarious thing iv heard this year tbh. Try to search arcticles about their "live demos" written by some smart tech guys. Very fun stuff to read.

I dont understand how this thing is still going x5 from ICO in BTC tho...

[jackmuu]

Zilliqa is awesome, I think it can reach $1 by the end of 2018. It got featured by CoinCodex as "Coin to Watch" this week!

[jtalk]

On the closing day of last month a blog appeared about the launch of testnet v1 which explains the route taken by Zilliqa team to overcome the existing issue of scalability is Sharding protocol. Even without knowledge of developers level still you can easily understand about basic things. It is good to see at the moment 2488 tx/s on test net are going smoothly.

[coloredcoin]

How the sharding implemented in ZIL, or just wait ETH implemented first?

[TeraBite]

How the sharding implemented in ZIL, or just wait ETH implemented first?

For technical details I would like to refer you to read whitepaper for more details. They moving with nice momentum after launch of mainnet these features will be there on Youtube a lot videos available to understand this ecosystem.

https://www.youtube.com/channel/UCvinnFbf0u71cajoxKcfZIQ