Ever since the network has implemented burning, 3M ZIL tokens have been removed from circulation. In this process, the gas paid out in each transaction is stored in the address from where all mining rewards come from and is then recycled as block rewards.
Zilliqa is the first public blockchain to implement sharding enabling it to scale with the growing demand on the network. And with this, the network now has the capacity to scale/handle 2,828 transactions per second.
Zilliqa has partnered with CryptoSlate for their Zeeve's program where the top 3 winners of the program will win CryptoSlate's premium product.
Zilliqa is a public blockchain network, powered by a native Zilling token (ZIL), which is not a Zilliqa coin, created to solve issues pertaining to scalability, and scaling to thousands of transactions per second. ZIL tokens are basically used to execute smart contracts and transfer funds. Zilliqa has never failed to maintain its strong presence by upgrading robust sharding-based solution, to cope up with the speed constraints within the smart contracts and dapps.
Currently, Zilliqa (ZIL) is trading at $0.1796 with ZIL price 0.93% down today. The market cap of Zilliqa is USD 1,980,406,194 with 11,062,864,171 ZIL circulating currently. The 24-hour price movement chart indicates that $932,263,714 worth of ZIL was trading.
Xinshu Dong being the CEO of Zilliqa, along with his team of advisors and developers, came up with the ZIL coin, which allows you to transact rates as the network expands leading to an increase in the number of miners. Zilliqa is an ERC20 token, created in 2017 but came to the market in 2018, which means its a pretty new currency in the crypto space. Inspite of that, it is one of the top 40 cryptocurrencies in the world.
Zilliqa is the first high-bandwidth public blockchain platform, which aims to ward off scalability problem, where a hybrid consensus mechanism is implemented, where node operation is dependant on Proof of Work (PoS) hash. With the help of Byzantine Fault Tolerance Consensus, it can check false transaction by peers, where a confirmed block could only refer the block before it.
Zilliqa is a digital asset, which has many eyes on it, as most of the market experts are eyeing on investing in it. Let us see what the ZIL price prediction sites have predicted:
Bein in crypto is a crypto price prediction site, which releases detailed crypto price prediction. They have stated that in 5 years, ZIL might even reach $0.19.
Trading Beasts predicted the price of Zilliqa for 5 years time frame. They have mentioned that by 2020, they might reach $1.15 and by 2022, it might even touch 5 USD mark.
Wallet Investor prefers taking conservative predictions and believes that ZIL might go down to $0.00373.
The Zilliqa community has plans of releasing the first version of Smart Contract Intermediate-Level Language (Scilla), its own development language, which was basically designed to enhance smart contract safety. Because of the fact that its an intermediate-level language, with no difficulties to adopt as its simple and interactive. Even Zilliqa token swap is scheduled for sometime in the first quarter of 2020, where several exchanges are going to support. These developments might take Zilliqa to newer heights. By 2020 end, Zilliqa might reach $0.361, which can’t be called as highly optimistic, as the developments planned for 2020 can easily lead ZIL out there.
Zilliqa might grow exponentially in terms of its partnership projects. It might increase in partnerships with more events, where it would also gain its exposure socially across the world. Zilliqa might work towards increasing more transactions per second and might even give competition to the major cryptocurrencies. Zilliqa might even work towards migrating from Ethereum based blockchain to its own blockchain. It might cover up getting enlisted in the major exchanges in the world by 2020. By the end of 2020, ZIL might reach $0.361, which will be a major step of ZIL, in stepping up.
In a matter of 5 years, anything can happen. But as per the market trends and considering the mission and vision of the cryptocurrency, there are high hopes that it might sustain and end up becoming one of the top-performing cryptocurrencies, with a high rate of investment. (Future of Zilliqa). You can convert ZIL to BTC at the best rate at CoinSwitch.
By the end of 2025, ZIL might reach $1.338. Its adoption rate is very likely to grow manifold. Zilliqa price prediction 2025 is going to be crazy, as it would be 7 years old by then.
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