Zilliqa is a public, permissionless blockchain designed to offer high throughput with the capability to complete thousands of transactions per second. It employs sharding as a second-layer scaling solution to address blockchain scalability and speed issues.
Zilliqa works by using sharding to divide its network into smaller groups called shards. Each shard can process transactions in parallel, thereby increasing the network's capacity and throughput as it grows. This architecture is supported by a hybrid consensus mechanism combining Proof of Work (PoW) and Practical Byzantine Fault Tolerance (pBFT), or in its updated version, Pipelined Fast-HotStuff.
Zilliqa's scalable and sharded blockchain architecture provides numerous use cases:
Zilliqa was founded in 2017 by a team from the National University of Singapore, led by Xinshu Dong, to address blockchain scalability issues. Key milestones include:
Zilliqa has continued to innovate by focusing on high-performance dApps and Web3 technologies, establishing itself as a significant player in the cryptocurrency market.