What about Zilliqa?

[Abiky]

For some time, Zilliqa was marketed as a great alternative to the Ethereum blockchain by leveraging a scalable solution known as "Sharding". With a new programming language (named "Scilla") aimed for the development of secure and verifiable smart contracts, the new "ZIL" blockchain could become a real contender of the world's second largest cryptocurrency by market cap (ETH). It's also one of the first (if not the first) smart contract platforms to make use of "Sharding" for scaling the blockchain more efficiently. Considering that Ethereum still hasn't adopted "Sharding" for scaling the Blockchain, I'd say that Zilliqa is way ahead of its time.

Still though, the price per each "ZIL" coin and market cap is quite low these days. With all the features Zilliqa provides today, it should've been worth at least double-digits in terms of dollars (USD) by now. But I guess that it's a coin that's under the radar of many mainstream investors and traders because of the lack of marketing/promotion. This makes me wonder whenever Zilliqa will result a great long-term investment or simply a failed idea that will fade into existence?

What are your thoughts about Zilliqa? Does it still have a future? Will it be able to compete with Ethereum directly?

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[tsaroz]

Zilliqa has long (over 2 years) been under development and crypto investors and users wants instant results.
They have just recently moved to their own blockchain and has launched a new program called Zillacracy where the community gets involved in decision making.
For those particular reasons and being listed on Binance US, it had a brief bullish trend.

[Pecunia non olet]

I think that situation about sharding Ethereum killers (Zilliqa, QuarkChain and Harmony) is pretty same. They already developed it but they have problem with adoption and decentralization. Thats why I believe that Ethereum will overtake this industry again.

[ansi]

Zilliqa has long (over 2 years) been under development and crypto investors and users wants instant results.
They have just recently moved to their own blockchain and has launched a new program called Zillacracy where the community gets involved in decision making.
For those particular reasons and being listed on Binance US, it had a brief bullish trend.

You just sum it bro, that's the sad truth about crypto.
It won't matte how good your blockchain is, how can it help solve real life problems & use case, it' just about how many " whales " / traders are trading it, it's as simple as that unfortunately.

Lots of great blockchain out there better than BTC, ETH, NEO, .... but they are not " profitable " for traders & that's why they are doomed to death & IL is one of those.

this is the sad face of crypto, it's all about making money & it won't matter much how good or solid your project or team.

[Abiky]

Zilliqa has long (over 2 years) been under development and crypto investors and users wants instant results.
They have just recently moved to their own blockchain and has launched a new program called Zillacracy where the community gets involved in decision making.
For those particular reasons and being listed on Binance US, it had a brief bullish trend.

As it's said in the real world, "slow and steady wins the race". Other blockchain platforms (except Ethereum) may be quicker in terms of development and innovation, but most of them are centralized and full of security issues. Zilliqa, on the hand, is working towards making a robust smart contract platform that focuses on decentralization/security above all else. It's taking the same path as Ethereum in terms of development and innovation. Being one of the first (if not the first) smart contract platforms with "Sharding" it could serve as "experimental grounds" for the Ethereum blockchain. Once "Sharding" is proven to be successful on the Zilliqa blockchain, ETH devs could adopt the scalability solution for their own benefit. Considering that ZIL is being thoroughly tested over time, it could become a huge contender of ETH sometime in the future. Even if it doesn't manage to overcome ETH, it could leave its competitors (ADA, EOS, etc.) in the dust.

Time will tell us what the fate of ZIL will be according to its adoption in the mainstream world.

I think that situation about sharding Ethereum killers (Zilliqa, QuarkChain and Harmony) is pretty same. They already developed it but they have problem with adoption and decentralization. Thats why I believe that Ethereum will overtake this industry again.

That's certainly true, mate. What matters is adoption above anything else (aside from decentralization/censorship-resistance). It's no wonder why Ethereum has been so successful after all these years. Zilliqa or any other smart contract platform would need to focus on real use cases for the mainstream world in order to become a direct competitor of the ETH blockchain. But it'll be a very hard task to achieve, since Ethereum has first-mover advantage on the market just like Bitcoin. No other smart contract platform of today will be able to outmatch the original one (ETH) anytime soon. At least, Zilliqa proves to be a nice alternative to the ETH blockchain with a proven blockchain that's secure and scalable at the same time. With the current low prices per "ZIL" compared to leading smart contract platforms, I'd say it's quite a bargain.

[chennappa121]

Zilliqa is still under the development and it can take some more time finalizing the full zilliqa platform and it has sharding is analogous to the concept of divide and conquer.
It can one of the best altcoins in crypto market and have good reputation,  and it is one of portfolio for me. And I do not think it can be over take eth because we know the reality about ETH.

[pixie85]

It's very hard for coins that dumped hard to recover and ZIL is scraping the bottom right now and is obviously not an oscilator (doesn't follow crypyto market pumps innitiated by BTC entering bull market).

In 2019 it was trading for 0.02 USD per coin and in January it was at 0.005 so it lost 75% while BTC was pumping from 6 to 10 thousand dollars. It was in fact worth more during the prolonged bear market in 2018 and 2019 than it is in 2020. It's a clear sign that there's not much interest in this coin.

[Furryball]

I heard zilliqa is going binance america 5days ago, if this is true then it means that the project is still in good hands , also lucidity plans to use zilliqa blockchain too just like aqilliz, I can say development isn't going to stop for zilliqa anytime soon

[ned.ryerson]

Zilliqa is a good coin, but you should not consider it as a competitor to such a coin as ETH. This coin has its advantages and it is now very cheap. I think it’s already possible to invest now. as soon as we again see bitcoin above 10 thousand then we can wait for X2 from Zilliqa

[bassbity]

It's very hard for coins that dumped hard to recover and ZIL is scraping the bottom right now and is obviously not an oscilator (doesn't follow crypyto market pumps innitiated by BTC entering bull market).

In 2019 it was trading for 0.02 USD per coin and in January it was at 0.005 so it lost 75% while BTC was pumping from 6 to 10 thousand dollars. It was in fact worth more during the prolonged bear market in 2018 and 2019 than it is in 2020. It's a clear sign that there's not much interest in this coin.

It's not that nobody is interested in this ZIL coin because it's still not in development with their products, it seems like the developers are still working to optimize their goals going forward, seeing the market capitalist is quite large, which is almost @ $ 70 million in volume within 24 hours, it means there are still investors are in this coin but many of them are only for the long term.

As Bitcoin continues to sag, the coin loses control of its price, so the more people are proactive on this altcoin.

[nicecrypto]

By now it should occur to you that for now no any other coin can take eth's place, both btc and eth will remain at the top for long, silly seem to be a great project base on the dev behind it and the idea of the project, but some how the project is not able to meet up with short term expections, lots of silly fans are getting disappointed for this reason, perhaps things will work out at the long run but for now I don't  see zil competing anywhere near eth.

[bgaf]

Zilliqa has long (over 2 years) been under development and crypto investors and users wants instant results.
They have just recently moved to their own blockchain and has launched a new program called Zillacracy where the community gets involved in decision making.
For those particular reasons and being listed on Binance US, it had a brief bullish trend.

I think the time constrained never been an issue. Other projects also take time to build up everything just to see how the platform display its full feature. Ziliqa still one of the best project out there and thr price now isnt bad and still have huge volume.

 

Zilliqa is a good coin, but you should not consider it as a competitor to such a coin as ETH. This coin has its advantages and it is now very cheap. I

Dont talk about its ending. Yeah ethereum is a powerful project and zilliqa doesnt match up yet with them. Most promising projects even cosmos cant take on eth yet but as time progress of course the leaders will change eventually and we dont know whose gonna be on top when that time comes.

[Abiky]

Zilliqa is a good coin, but you should not consider it as a competitor to such a coin as ETH. This coin has its advantages and it is now very cheap. I think it’s already possible to invest now. as soon as we again see bitcoin above 10 thousand then we can wait for X2 from Zilliqa

Yes. I've figured no other smart contract platform will be able to overcome Ethereum within the mainstream world. Zilliqa's technology and features are good, but many people still trust ETH over any other smart contract platform because of its truly decentralized and censorship-resistant design. Not to mention, Ethereum has first-mover advantage on the market just like Bitcoin. We'll continue to see a greater number of dApps across the ETH blockchain, than on Zilliqa or any other smart contract platform. At least, ZIL's approach to scalability using "Sharding" at an earlier time than "ETH" will allow developers to get a grasp of what's coming to Ethereum itself. The new "Scilla" programming language focuses on formal verification for added security. That's a plus for Zilliqa since ETH's Solidity programming language is well-known to be highly insecure and full of bugs.

Still though, I believe that Zilliqa will remain far behind Ethereum in terms of mainstream adoption for a very good reason. It's at least a great alternative that's faster, cheaper, and a little more secure than Ethereum itself. Developers will have the choice to choose "ZIL" for launching their own smart contracts, or any other ETH competitor if they're looking for scalability above anything else. But those who prefer decentralization/censorship-resistance will prefer ETH on top of ZIL or any other alternative smart contract platform to launch their own dApps.

In the end, ZIL's price will rise according to Bitcoin's success in the mainstream world. After all, it's an "altcoin" which relies on Bitcoin as a reserve currency. In terms of mainstream adoption, everything will depend on the project's active development, innovation, and marketing/promotion efforts. As much as I'd like Zilliqa to be widely adopted within the mainstream world, there are many other competitors out there with nearly the same vision and purpose as it. Only one smart contract platform will be largely dominant within the Blockchain industry. And so far, it looks like Ethereum will remain as the leader of the smart contracts space for a very long time. Just my opinion

[dhemasm]

Yes it is, From my perspecitve why Zilliqa still stuck on current price because it didn't have any significant marketing program or partnership, This week i only hear about Partnering with XAcademy and didn't anything about the others. Basically with some push through the marketing Zilliqa basically can surpass Current price atleast 3x-6x since it offering Network sharding system with much better TPS (2000+) rather than Ethereum, It also have an Smart Contract, Comparing to it's current Competitor (ADA, TEZOS, Ethereum) Zilliqa still much better, Well maybe current high gas price can give Zilliqa Show time? Who knows, Let's wait for now.