Zilliqa (ZIL) is back in the top 100 largest coins by market capitalization with impressive gains of just over 10% in the past 24 hours. This short guide explains what Zilliqa is, if it’s worth investing in, and the best places to buy ZIL today if you want to.
Best places to buy ZIL now
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What is the ZIL?
Zilliqa is a public permissionless blockchain designed to offer high throughput with the ability to perform thousands of transactions per second. It seeks to solve the problem of blockchain scalability and speed by using sharding as a second layer scaling solution.
The platform hosts many decentralized applications and as of October 2020 it also allows for staking and yield farming.
Zilliqa claims to be the first public blockchain in the world to rely entirely on a shared network. This allows it to achieve high throughput and a high rate of transactions per second, which it says solves the scalability problem.
Since each shard processes transactions individually, the number of transactions that can be processed per second increases as the network grows and the number of shards increases accordingly.
Should I buy ZIL today?
Past performance is not a guarantee for the future. Many price prediction platforms have a positive view of ZIL, but be careful if you decide to invest in this volatile asset.
ZIL Price Prediction
According to Price Prediction analysts, ZIL will cross $2.47 in 2030. Trading Beasts predicts that Zilliqa will cross $0.11 by the end of this year.
ZIL on social media
8️⃣0️⃣0️⃣,0️⃣0️⃣0️⃣ Transmission fee 🔥
1️⃣2️⃣ days in January
— ZilHub (@ZilHub) January 13, 2022