Zilliqa price (ZIL price live) - Zilliqa price today

Zilliqa (ZIL) is a high-performance blockchain project that allows developers to program powerful smart contracts for businesses and applications securely. The Zilliqua blockchain is the first to implement "sharding" in the mainnet. This integration has given Zilliqa (ZIL) the ability to constantly expand to meet the needs of its growing user base.

Zilliqa aims to develop a global financial network, based on a decentralized technology. Zilliqa is one of the many blockchain projects that want to develop an ecosystem of decentralized applications (dApps).

Cryptocurrency is based on the "sharding" process, which involves a technique that divides the blockchain network into several fragments, allowing blockchain nodes to process only a fraction of the network's transactions. Each fragment acts as its own blockchain and allows nodes to store data, process transactions and add new blocks to the network. Shard nodes contain a specific subset that does not store all transactions from the main network, in order to increase security.

Another key element for the Zilliqa project is the governance mechanism that keeps the blockchain network synchronized. In order for nodes to feed the blockchain network and vote on changes, they must block units of ZIL, which means that anyone who owns ZIL can help operate the network. The governance mechanism ensures that all nodes assigned to fragments are verified.

Cryptocurrency applications Zilliqa (ZIL)

The structure based on the "sharding" process makes Zilliqa an ideal blockchain for processing complex computing tasks, which require advanced informational models. As industries such as the Internet-of-things (IOT) continue to develop, the need for advanced blockchain technologies that can scale will increase. In this scenario, Zilliqa technology will be used in:

Data mining with Zilliqa

The process of finding anomalies, patterns, and correlations in large data sets to predict outcomes.

Machine learning with Zilliqa

A subfield of artificial intelligence, which is broadly defined as the ability of an AI to learn human behavior.

Academic research based on data with ZIL

Research databases are organized collections of articles, books, graphs and other academic elements that can be searched simply and quickly with the help of ZIL.

Zilliqa Price (ZIL)

Analyzing risks and profit potential are essential in any investment, including in the case of the Zilliqa (ZIL) price. The increase in demand for the Zilliqa cryptocurrency, also traded outside the stock market, offers opportunities for investors to trade calculatedly and take advantage of ZIL price fluctuations.

What determines the price fluctuations of the Zilliqa cryptocurrency?

Zilliqa price fluctuations are influenced by a number of factors:

Demand and supply - cryptocurrency Zilliqa (ZIL)

Applying traditional economic concepts, the price of Zilliqa will increase if demand is high and decrease if demand is low. Factors such as media attention, the state of the global economy and financial regulations influence demand.

The number of Zilliqa units in circulation helps to constantly increase interest and price due to the limited supply. High demand applied to a limited supply can generate an increase in price.

Popularity and media attention for the Zilliqa cryptocurrency

The Zilliqa community surrounding the project can influence investors' perception of the crypto project. The high investments that are driven by the curiosity towards cryptocurrencies have an impact on the price in the market. At the same time, the announcements made by the state authorities and the companies in the field also have an impact on the ZIL price.

FOMO (fear of missing out) can affect investment decisions. Constantly inform yourself and you will understand and have at hand the information regarding the real factors that influence the price of Zilliqa. In this way you will be able to avoid the FOMO effect.

The ZIL economy and ecosystem

The economic risks of the states are another aspect that can lead to an increase in the price of the Zilliqa cryptocurrency. Especially in countries with high inflation, the population is turning their attention to new methods of protecting money, a fact that can influence the value of cryptocurrencies, including ZIL.

Zilliqa (ZIL) cryptocurrency advantages

The advantages of the Zilliqa cryptocurrency are mainly due to the sharding process on which the Zilliqa blockchain is based.

Zilliqa Scalability

Zilliqa solves blockchain scalability problems using the "sharding" technique, which allows for linear scaling as the network grows. Its ability to handle a large volume of transactions makes Zilliqa an ideal blockchain for companies that require high throughput.

Zilliqa Sustainability

Zilliqa is a blockchain that emits 10,000 less carbon emissions than other blockchain technologies, such as Ethereum. In addition, the company is involved in various initiatives that support sustainable fashion projects.

Zilliqa Security

Zilliqa technology is based on the smart contract language called Scilla (smart contract intermediate-level language), used by various projects in the ecosystem, which addresses security issues through a complex set of programming languages.

Decentralization of Zilliqa

The network is built from 2400 nodes distributed in four main fragments. Each transaction received by the network is validated by a fragment (shard) with 600 nodes, Zilliqa being one of the largest blockchain networks in the world.

Zilliqa (ZIL) cryptocurrency history

The Zilliqa project was launched in June 2017 by Amrit Kumar and Xinshu Don, two researchers from Singapore. In a 2017 funding round, in which it sold ZIL units, the Zilliqa team raised over USD 22 million. The blockchain network went live in January 2019. Zilliqa is supported by the company Zilliqa Research, as well as a company focused on the development of the project, called ZILHive.

Zilliqa (ZIL) - Frequently Asked Questions (FAQ)

What blockchain does the ZIL cryptocurrency use?

Native blockchain called Zilliqa.

How do I mine ZIL cryptocurrency?

ZIL is mined in a way specific to the Zilliqa blockchain technology, which is more economical and sustainable than other crypto mining methods.

Zilliqa only needs PoW consensus every 100 blocks. This strategy uses PoW only to prevent attacks and generate node identities and not to reach consensus as in the case of Bitcoin. In addition, the Zilliqa network uses a signature algorithm widely used in many of the leading blockchains, such as Ethereum.

What is the unit limit in the case of the Zilliqa (ZIL) cryptocurrency?

21 billion ZIL units.

What is the highest Zilliqa price in EUR?

The highest Zilliqa price was recorded at EUR 0.19.

How can I buy Zilliqa at the best price?

The fastest and most advantageous way to buy Zilliqa - ZIL is on the Tradesilvania.com platform at the live Zilliqa price displayed in the Tradesilvania user account 24/7.

What is the Zilliqa price today?

The price of Zilliqa varies several times per second in the platform and the instant price is available in the user account or on the cryptocurrency prices page . Daily purchase limit (ZIL Limit type order is 1,000,000 EUR / transaction).

How do I buy Zilliqa (ZIL)?

You can buy Zilliqa (ZIL) through multiple Tradesilvania order types using Lei, Euro or USDT at the best exchange rate ZIL - RON or ZIL - EUR.

1. Create an account on the Tradesilvania platform in a few minutes
   The first step to buy Zilliqa is to create an account in a few minutes. After confirming the account, you have to go through a quick and easy activation process.
2. Top up the account with RON or EURO
   You can top up the account with RON or EURO in your digital wallet by paying with a VISA/Mastercard Card, RON Bank Transfer or SEPA Bank Transfer or with cash at SelfPay or Un-doi Payment Center points.
3. Buy Zilliqa (ZIL) instantly in your account
   To buy Zilliqa instantly at the best price on the market, you must access the Trading section and then select ZIL. After placing a ZIL purchase order, in most cases it is completed instantly.
   Note: The price of Zilliqa varies in real time.

Are you ready to buy Zilliqa - ZIL at the best price to build a crypto portfolio on the Tradesilvania platform?