Zilliqa is one of the most talked-about blockchain projects striving to address some of the issues that have affected other projects’ adoption in the mainstream sector. It is turning out to be a preferred project for running smart contracts built on a digital ledger. Consequently, developers increasingly use it to develop and run decentralized applications (dApps).
While it has almost the same capabilities as Ethereum, Cardano, and Solana, it stands out in leveraging sharding to enhance scalability. Its blockchain is specifically split into portions often referred to as shards to avert the risk of congestion on the network.
Conversely, each portion of the network is tasked with handling different operations allowing Zilliqa to handle far more transactions at any given time. The network can process up to 2,500 transactions per second compared to just 15 for the Ethereum blockchain.
With Sharding, Zilliqa’s capacity can be increased as more people start to use the blockchain. In addition, the scaling capability allows the network to process transactions at some of the lowest costs compared to other blockchains.
In addition, Zilliqa stands out for leveraging native programming dubbed Scilla. The peer-reviewed smart contract language enhances the security of smart contracts. It also allows developers to identify security vulnerabilities on their projects and make it easy to demonstrate the safety of smart contracts.
Zilliqa does not suffer from any congestion issues, which is the case with the Ethereum blockchain. Conversely, its ecosystem has expanded significantly. Currently, the blockchain has attracted interest from more than 180 partners and projects, some built on the network and taking advantage of the sharding capability.
It also has close ties with some of the biggest cryptocurrency exchanges, crypto wallets, Non-Fungible Tokens, and metaverse platforms.
Below are some of the biggest blockchain projects with close ties to the Zilliqa platform.
The use of sharding which allows the Zilliqa blockchain to process more than 2,500 transactions per second, has attracted interest from some of the biggest cryptocurrency exchanges. Some of the exchanges with close ties to Zilliqa include Binance, the leading crypto exchange, and Bitfinex, one of the most liquid in the space.
7B Crypto, an exchange suited for people who wish to trade crypto with an easy-to-use interface, is another exchange with close ties. South Korean digital asset trading platform Bithumb and lightning-fast crypto exchange Bittrex are some of the other exchanges part of the broader Zilliqa ecosystem. Huobi KuCoin Incognito and CoinHako are some of the other exchanges with links to the ecosystem.
Education platforms partners
Zilliqa blockchain has also attracted strong interest from education platforms looking to enhance insights about the revolutionary ledger technology. Currently, it is a member of the Asosiasi Blockchain Indonesia, which seeks to spread the awareness and positive use of blockchain and other digital assets in Indonesia.
It also maintains close ties to Blockchained India, a community of blockchain enthusiasts seeking to solve some of the world’s biggest problems using digital ledger technology. Learn blockchain is another exciting education platform for learning all things Zilliqa and blockchain. Other education platforms in the Zilliqa ecosystem include OpenNodes, Learn Scilla, Tribe, and a decentralized app that offers NFT-based solutions access.
Non Fungible Token and gaming
Zilliqa also maintains close ties to non-fungible tokens, which significantly impact the burgeoning sector. Some of the biggest NFT projects inside the Zilliqa ecosystem include Beanterra, a play-to-earn blockchain game, and Blox, a next-generation bridge between blockchain and games.
CryptoSlam, which is a leading NFT data aggregator, and Demons, an exclusive gamified collectibles series, are also part of the Zilliqa ecosystem. Elon’s, which is designing the future of NFT airdropping on the Zilliqa platform, is also part as well as EnviZion, which is built on top of the Zilliqa blockchain.
Web3 projects and platforms
Web 3 projects are also increasingly taking advantage of the highly scalable Zilliqa blockchain. Aqilliz is one of the high-profile Web 3 projects which offer solutions for campaign optimization in the MarTech industry. STREET MONEY is a cryptocurrency that lives on the Zilliqa blockchain as well as Hybridverse, a multi-chain distributed and shared infrastructure for decentralized applications.
Zillet, an open-source, client-side wallet, also provides a way for interacting with the Zilliqa blockchain. For iOS users, Zhip stands out as the first crypto wallet for interacting with the Zilliqa blockchain, and ZilPay is a browser-based wallet for Zilliqa.
Zilliqa is also becoming a big player in Decentralized Finance thanks to enhanced scalability. Consequently, its blockchain is home to ZilSwap, a decentralized premier exchange.
Zilliqa already stands out as developers’ preferred platform for developing decentralized applications powered by smart contracts. Carbon is one platform that has taken full advantage of the Zilliqa blockchain in developing a basket of dApps in the Zilliqa ecosystem, including privacy solutions and wallets.
Coral App is a next-generation fitness and wellness application built on top of the Zilliqa blockchain and RedChillies, a gaming platform used for smart contracts in web-based games and betting. Human Protocol is another dApp looking to transform the way humans interact with machines with the help of the Zilliqa blockchain.
Review Capital is another high-profile decentralized open-source project built on Zilliqa that seeks to enhance the development of dApps for news and reviews industries. Ultimate Franchise Fantasy Sports is the fantasy sports ecosystem built on the underlying blockchain. Other decentralized applications with close ties to the Zilliqa digital ledger include ZilStream, which provides data for the ZRC-2 ecosystem, Zilliqa Duel, a gaming application, and music streaming service SoundArio.
The use of sharding to improve scalability has made Zilliqa special in developing decentralized applications. Developers are increasingly flocking the platform to come up with unique projects and apps designed to address and offer solutions to various platforms.
The network’s native coin, ZIL, has enjoyed a significant jump in price and market cap thanks to increased demand due to the underlying Blockchain’s strong demand. Consequently, it’s become popular among investors eyeing the next big altcoin.