Zilliqa is a public blockchain designed to offer high throughput, offering smart contract functionality to support Web3 dApps. Launched in 2017, the Zilliqa network employs sharding technology to make its blockchain more scalable to support commercial decentralized applications across the areas of DeFi, NFTs, Creator Economy, and more.
As of January 2022, Zilliqa supported nearly 200 dApp protects within its ecosystem. It is home to a wide variety of decentralized apps such as DEXs, wallets, NFTs, Web3, gaming, metaverse, digital payments, esports, oracles, and more.
In addition to hosting dApps for commercial use, Zilliqa also offers a secure and reliable platform for the development of enterprise dApps. Its fast and scalable infrastructure allows businesses to explore the exciting opportunities that blockchain technology offers, supporting not only enterprise-grade applications but also the tokenization of real-world assets.
ZIL is the native utility token used within the Zilliqa ecosystem, letting users interact with smart contracts and dApps operating on the blockchain. It also serves several other applications, including functioning as in-app currency, governance token, and can also be staked to improve the network’s resilience.
What’s interesting about the ZIL crypto is that it can also be mined as the Zilliqa blockchain employs a Proof-of-Work consensus mechanism.
