What is Zilliqa?

Zilliqa is a cryptocurrency project founded in 2017, focused on enhancing scalability through a technology known as Sharding. This approach allows for the parallel processing of transactions, which aims to improve transaction speeds significantly compared to networks like Ethereum. Zilliqa’s architecture is designed to increase throughput as more participants join the network, potentially allowing for a higher rate of transaction processing.

The Zilliqa platform utilizes a native token called ZIL, which facilitates various functions within its ecosystem. The governance model and specific use cases are built around supporting smart contracts and decentralized applications, leveraging the benefits of its sharding technology. The total supply cap of ZIL is set at 21 billion tokens.