Zilliqa (ZIL) is a virtual currency in the public blockchain sector. It is one of the first blockchain-based on sharding architecture in the world with smart contracts written in the platform's own programming language, Scilla. Zilliqa is a public blockchain platform with high throughput, capable of expanding features to over a thousand trades per second. The project's vision is to address the challenge of trade speed and scalability, which are currently major challenges in the blockchain industry. So, what exactly is ZIL and should we invest in it? Let's find out together.

What is ZIL?

ZIL is a currency that belongs to the public chain like Bitcoin (BTC) and Ethereum. The Zilliqa blockchain network can solve trades and maintain the global distributed ledger. However, different blockchain networks have some obvious differences in potential attackers' aspects. BTC, for instance, has already undergone organic growth when it had almost no valuation at the beginning. On the other hand, Zilliqa now has significant value. Such a disparity in valuation causes a potential threat to Zilliqa's network when it is still in its nascent stage. However, this type of threat is not necessarily a serious issue for networks like BTC in their initial stages.

Considering this point, the Zilliqa mainnet added protective mechanisms and traditional methods to reduce the chances of attacking the nascent network. The Zilliqa protocol added a new smart contract language called "Scilla." The language ensures a non-Turing complete language that eliminates many known vulnerabilities currently present in smart contracts while making it easy to conduct formal verification. Scilla will allow developers to develop secure and scalable smart contract applications with ease. Its future role will permit anyone to port an existing Solidity application to Scilla.

Zilliqa uses the underlying architecture to provide a scalable and efficient computing platform. The smart contract language on Zilliqa follows the data-flow programming style, making it particularly suitable for parallelizable large-scale computations. Examples include simple calculations like searches, sorting, and linear algebra computations, as well as more complex computations, such as neural network training, data mining, financial modeling, scientific computing, and any general MapReduce tasks.

Is ZIL a good investment?

Zilliqa is a relatively new project based in South Korea that has the potential to become one of the leading cryptocurrencies. Its blockchain is highly scalable due to the process called sharding. This method is very efficient, capable of solving approximately 2,800 trades per second, which far surpasses BTC or Ethereum. Zilliqa's mining is completed by the Proof of Work (PoW) consensus mechanism and its practical Byzantine Fault Tolerance (pBFT) protocol. Since implementing a PoW can write multiple blocks to the chain, this process can create greater revenue.

In the past, due to the difference in settings involving PoW, pBFT, and sharding, the development team released public mining on the network for testing. Miners had enough time and opportunity to test the mining process. Thus, much work has been done before launching the mainnet to help ensure its security and stability.

As we have already discussed, ZIL is one of the potential currencies, but at the same time, compared to other PoW-based blockchains, it is also energy-efficient. PoW takes about 12 hours a month, and during this time, the graphics card is idle. Compared to other mining, this particular method of mining is more environmentally friendly, and can even reduce energy consumption.

ZilFarm is becoming a popular Zilliqa mining pool with an extensive set of features that most miners appreciate. Some of Zilliqa mining pool's notable features are anonymous mining, accurate hash rate reporting, powerful servers, and excellent customer support.

ZilFarm's current exchange rate is 30 ZIL per share, and with the team's efforts, it may increase in the near future. However, it is advisable to invest rationally and have a comprehensive understanding of the overall development situation, fully grasp the risks in the project, and then plan your investment. You can start by investing a small portion of your assets and try it out. If the market is doing well, you can also continue to add investments, reducing the risk.

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