Overview: Zilliqa (ZIL) the Next Generation, High Throughput Blockchain Platform

by birtanpublished on September 9, 2020

Hello did you give the coins and welcome to this overview of the silica project with a tokens L now silica is the next generation blockchain platform today's 14th of September 2018 as always thank you very much for watching I hope it's gonna be useful but we'll begin with the

Basic information about silica who they are and what they're trying to do so there's a project that aims to tackle the problem of scalability by trying to revolutionize the technology behind this technology called sharding it does that

By implementing a sharding solution that scares of a network size something called linear scaling so that means in theory there is no limit to the number of transactions that could process per second now as you know block chains in

General struggle with the number of transactions that they can actually do so this is a pretty big deal and something that a lot of people kind of look at this project based mostly on that now they did run an IC o—-

In January 2018 and they managed to raise 22 million which is a lot of money but are not really considering the potential of the project then in terms of the usage so though they do have their own token right most of the

Doctors have and it's currently our c 20 token but once the main network is launched it will be moved to the zelicah brokering obviously and it's gonna be used just like for example ether on the ATM platform as an incentive for miners

To verify transactions pay for the transactions fees and pay for the smart contract execution and our scalability is definitely a very real problem and today's blockchain industry and they're kind of trying to offer a

Head-on solutions like I said before stuff like sharding when the data is essentially split and also something called hybrid consensus algorithm which is basically a mixture between proof of work so something that Bitcoin users and

Also visiting fault tolerance which for example neo uses so they kind of using a mixture of both trying to do the best of both worlds now like every major blockchain path from the recovery scene could smoke contracts which allows for

Different applications to be built on top of it now until the current development the test nets versions 1.0 I'd 2.0 been released with the 2.0 being released around 2 months ago so they do

Obviously have the untested so we kind of know this is a legit projects now it concentrates on encouraging people to start programming applications in sell a programming language this is the language that's going to be used on the

Platform the reach of the main network has been planned at the idea at the end of 2018 or January 2019 or the first decentralized applications following soon after now initially that date was a bit earlier but they're basically the

Development took longer than expected so they had to move it there is an inverted updates about the project protein which is essentially an initiative between several important silica partners mostly in terms of advertising in this project

They will explode solutions for advertising on the blockchain something that a lot of projects or they're looking into well this is like for now the main focus on the zealot apart from obviously in the future they will have

Way more different things different apps running on the blockchain but for now this is like the major focus intense availability and the price of the project so zeal token is listed on several significant exchange is a very

Popular token with quite a lot of all um– going on so balance is actually obviously leading the way since it's one biggest exchanges in the world if not currently the biggest one so they have 28 percent of the volume followed by a

Bit some will be a bit Corbett and coin one now as you can see this token is very very popular and South Korea obviously it's just as on many many other exchanges the things like bit Forex ok ok tire UX go back screw coin

And many many more so we do have quite a variety to pick from now obviously if you're based in the West probably balance is the best option if you're in Korea can pick from out of different exchanges obviously if

You Chinese or in Asia in general you have the likes of Kobe for example so a lot of different options our Bitcoin is the most popular pairing but it's also paste which obviously Korean one tether is Syrian balance or

Even US door so again you have quite a low option current price is on three cents will the token Iran on 34th place and then with the market capitalization and the market cap of around 260 million US dollars

Sorry about the dog in the burger currently in terms of the tokens in the circulation seven point seven billion out of twelve point six billion is currently in circulation but so there still will be quite of tokens introduced

Which obviously gonna affect the market cap negatively no this is the price graph of vizio token so there actually has been one of the better outcomes this year as visible here the price has been pretty much remaining stable throughout

The year if you bought at the beginning of the year there was a major pump in May where the price went all the way up to twenty three cents and during that time you know if you bought at the top you probably lost quite of money both in

Terms of US dollar and Bitcoin as well but overall ok-ish performance for an altcoin this year some additional aspects of this project so first of all occurred is 46 employees according to LinkedIn which is actually very

Significant number on the bigger teams and blocks in space did you have office in Singapore and zelicah husband in research and development for around two years the team they do have a very strong academic background and three of

The founders are alumni of the prestigious National University of Singapore you definitely do have the knowledge to pull this project forward the partnerships including media math mantra and it'll become projects which

Are massive global media advertising and marketing services they have quite a lot of people in marketing in terms of partnerships so hopefully they can bring up extra people on board and extra investors on board there's quite a lot

Of competition in the sector since there's quite a lot of smart contracts platform out there which is me to the verdict the competition includes the like of etherium near our ears Carolyn M elf and

Many many more payments any blockchain platform with smart contracts will be a competition the market cap is quite high considering the development stage of this in my opinion obviously this is not a financial advice just my personal

Opinion especially concerning zelicah they do not have main net currently all of it you know it's just a test net however the team is very experienced large and very active on social media also with development the technology

Does seem to be very good so far I mean the Testament went fine it was successful in the market marketing partnerships mean that they should be able to achieve the needed popularity which means overall it's a very

Promising project but I feel the valuation currently seems to be slightly too high especially in this market yes when you compared to the lakhs of years or card I know it's actually very good but there are some projects with lower

Valuation that are further in development you know so I feel it's a very promising products and I think if you like the team and believe in technology may be investing into it it would be a very good idea but there is

Not a quite of competition and some of the projects in terms of the competition have a lower valuation and just as impressive teams so really in this situation it's a matter of opinion if you think the team is trustworthy and

The team can pull this off then you know by all means invest if not then you can look into many many different alternatives in terms of blockchain smart contract platform either way thank you very much for watching I hope that

Was useful subscribe for more and I love you kearson bye

Related Videos

Hello the Republicans and welcome to another video of my cryptocurrency news series where I'm looking at the news that happened last week now today's 28...
What's up crypto gang welcome back to another episode if you guys are doing here we do a giveaway at the beginning of every single episode and today's w...
What's going on guys crypto jeremy here back with xrp video hope you guys have a fantastic day thank you guys so much for tuning in to another video and the...
What's up guys kevin cage here just wanted to do a quick market update on this monday so as we can see ada ada is down 11 today we noticed that it is coming...
Hello the Koopalings and welcome to another video in my cryptocurrency event overview series the aim of the series is to find any upcoming cryptocurrency events...
Ladies and gentlemen people of the internet welcome back to yet another episode of crypto over coffee hope you're doing well today and if you're new her...
Hey guys welcome back so first of all I want to start as usual by thanking everybody who's been liking subscribing and sharing my content you're helping...
Hi i'm brad garland house the ceo here at ripple it's an honor and really a privilege for us to be one of the founding members of the international asso...
Hello the cubicles and welcome to another video maker of the currency event over the series the aim of the series is to find any upcoming the currency events an...
I have to apologize to everybody because I've been promoting a company who only has their best interests at heart top salesmen best interests at heart and n...
It is Monday and you know what that means another episode of Krypto segments what's going out everybody it's your boy Krypto Bobby I hope you were havin...
What's going on everybody Alex back was another cryptocurrency video but today we're going to be talking about how to control yourself how to emotionall...
Hey guys welcome back first off I want to thank everyone who's been liking subscribing and sharing my content you guys rule and I appreciate all the constan...
Live from the USA hoping you get paid every day this stuff boasts a Bitcoin the crease though of creeped up is avoid BK and if you don't like me you must no...
Okay come down here boom that would be picture-perfect beautiful guys look at this we actually have this candle come down right on this line right here right ab...
Wow you guys are going to want to check this out guys as you may know Bitcoin has decreased a few hundred dollars as of about midnight last night we have some i...
What's going on guys crypto jeremy here back with xrp video hope you guys had a fantastic day thank you guys so much for tuning in to another video today&#3...
Hello tokens and welcome to another video nice update now today's third of June and I'm looking at news that happened from 28th of May until today I alw...
hello it's Brad Lori or blockchain Brad and today we're speaking exclusively with icon many of you know it you've known it for years and they'r...
People what's going on this an update on Tron all right so the market right now market cap is 431 billion we've got a Bitcoin dominance roughly 34 perce...