What is Zilliqa?

Zilliqa is a young decentralized cryptocurrency which was created to increase the speed of transactions in the blockchain. It has several common characteristics and properties with another popular crypto coin Ethereum. Many experts think that this project is very promising. The peculiarity of the platform is in its high throughput capacity.

The project gives users the opportunity to use smart contacts and develop applications based on them. The platform is based on the sharding method (sharding - an architecture that allows you to break big data into fragments by attributes and algorithms, which provides increased speed to the desired data). The specificity of this is the development of the network into smaller fragments. As a result, the system is easier and faster.

Where did Zilliqa come from?

Zilliqa cryptocurrency was launched in 2016. Zilliqa's team consists of experienced scientists, engineers, venture capitalists, and financial services leaders. The authors of the crypto project presented to users a detailed plan of the coin development at the end of 2017. It is known that ZIL is developed by a team of 15 programmers. At the head of the development team there is a well-known figure from the world of cryptocurrency Xinshu Dong. He managed to graduate from the National University of Singapore. Dong was also involved in the creation of several Indonesian projects focused on the development of new technologies in the digital security field. The development team of the crypto project also includes Prateek Saxena who is the head of the scientific council.

What are the advantages of Zilliqa?

  • Reliability
    A team of experienced programmers, scientists and well-known entrepreneurs from the Crypto World are working on the creation of Zilliqa.
  • Perspectivity
    Even in the test mode, the team showed results that no digital coin demonstrates.
  • Speed
    The Zilliqa developers solved the problem of decrease in the processing speed of transactions by implementing its technical solutions, which allowed them to provide the ability to conduct thousands of transactions in one minute.

What are the disadvantages of Zilliqa?

  • Initial narrow orientation
    This leads to the fact that for most users this project seems less applicable in real life, unlike its competitors.

How to buy Zilliqa on SimpleSwap?

Let’s say you want to buy Zilliqa. What should you do? We suggest you go to the SimpleSwap homepage and follow the instructions below:

  • Choose the currency you want to exchange (e.g. BTC) in the first drop-down list. Enter the amount you would like to swap.
  • Select ZIL in the second drop-down list. You will see the estimated amount that you will receive after the exchange.
  • Enter the Recipient’s Address. Zilliqa will be sent to this address. Be careful and make sure you use the correct address.
  • Check all the information you have entered. If everything is correct click the Exchange button.
  • You will see the Bitcoin deposit address. You need to transfer the necessary amount of BTC to this address to start the exchange.

This is everything you need to know to buy ZIL.

You send

You send

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Bitcoin (BTC)

You get

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Zilliqa (ZIL)

Exchange