$ZIL

Zilliqa (ZIL) is a public, permissionless blockchain platform designed to address scalability and throughput challenges by implementing sharding technology. This approach enables the network to process transactions in parallel, significantly enhancing its capacity and speed.

As of December 15, 2024, ZIL is trading at approximately $0.02699 USD, with a 24-hour trading volume of about $42.59 million USD. The circulating supply is 19,278,239,670 ZIL, contributing to a market capitalization of around $520.5 million USD.

Zilliqa employs a hybrid consensus mechanism that combines Proof of Work (PoW) and Practical Byzantine Fault Tolerance (PBFT). PoW is utilized for network security and miner verification, while PBFT facilitates consensus within individual shards, ensuring rapid and secure transaction processing.

The platform also features Scilla, a peer-reviewed functional programming language designed for writing safe and secure smart contracts. This focus on security aims to minimize vulnerabilities and enhance the reliability of decentralized applications (dApps) built on the network.

Zilliqa's ecosystem supports various applications, including decentralized finance (DeFi), non-fungible tokens (NFTs), and other dApps, offering developers a scalable and efficient environment for innovation.