(ZIL) Zilliqa News

Billing itself as the next generation high-throughput blockchain platform, Zilliqa’s goals are clear — provide extreme scalability and security.

Zilliqa (ZIL) is one of the first blockchains to implement a process known as sharding to split its network into several parallel lanes — effectively boosting the number of transactions the network can handle simultaneously.

Each Zilliqa shard is comprised of 600 nodes, each of which acts to validate transactions and add them to what is known as a microblock — while running in parallel to other shards. The microblocks from several shards are then validated by the DS committee formed from several randomly selected nodes before committing it to the blockchain.

Similar to Ethereum (ETH), Zilliqa is designed to support peer-to-peer transactions, smart-contracts, and industrial-scale decentralized applications (DApps).

The ZIL unit will be the cryptocurrency used to fuel the Zilliqa Virtual Machine once it is operational.