Buy Zilliqa (ZIL)
What is Zilliqa?
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.
How does Zilliqa work?
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.
What are the potential use cases for Zilliqa?
Zilliqa's scalable and sharded blockchain architecture provides numerous use cases:
- Digital Ownership and Authenticity: Enables secure ownership of digital assets, particularly in luxury and entertainment sectors.
- Enterprise and Emerging Tech: Suitable for complex data processing tasks like machine learning and IoT applications.
- Decentralised Applications (dApps): Supports high-volume transactions, particularly beneficial for smart contracts and Web3 gaming.
- Interoperability and Collaborations: Facilitates partnerships, such as with EMURGO, to enhance interoperability and economic security.
What is the history of Zilliqa?
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:
- 2017: Establishment of Zilliqa Research and testnet launch.
- January 2018: Successful Initial Coin Offering (ICO).
- January 2019: Mainnet launch, introducing the practice of sharding.
- 2020: Launch of a non-custodial staking platform.
- Zilliqa 2.0: An upcoming upgrade to drive Web3 adoption.
Zilliqa has continued to innovate by focusing on high-performance dApps and Web3 technologies, establishing itself as a significant player in the cryptocurrency market.
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Frequently Asked Questions (FAQs)
What is the current price of Zilliqa (ZIL)?
The Zilliqa price is $0.0360633 AUD, representing a -4.09% from the day prior.
Where is the best place to buy Zilliqa (ZIL) in Australia?
The best place to buy Zilliqa (ZIL) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Zilliqa (ZIL) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Zilliqa (ZIL)?
The trading volume of Zilliqa (ZIL) is $51.4M AUD in the last 24hrs, representing a -4.09% from the day prior.
How can I buy Zilliqa (ZIL)?
Zilliqa (ZIL) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Zilliqa (ZIL)?
The current market cap of Zilliqa (ZIL) is $698.2M AUD.
Can I convert Zilliqa (ZIL) to cash?
Yes - With Coinstash you can convert your Zilliqa (ZIL) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Zilliqa (ZIL) are there?
The current circulating supply of Zilliqa (ZIL) is 19.3B.
Is Coinstash a safe place to buy Zilliqa (ZIL) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Zilliqa (ZIL) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.