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Zilliqa Ecosystem

ZILLIQA (ZIL) Complete Token ANALYSIS 2022 – ZIL Token Explained

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Zilliqa(Zil) Hottest Coin of 2022 | Should You Buy Zilliqa? | Zil token Complete Explained |

Zilliqa is a blockchain project best known for its early implementation of sharding, a technology which splits the platform’s infrastructure into several interconnected networks to support more transactions. Its native cryptocurrency, ZIL, is used to execute programs, send transactions and maintain the network’s operability.

Thanks to Zilliqa’s smart contract layer scalability, customers can write smart contracts using Scilla, which is the company’s native programming language. Also, the network employs a hybrid proof of work/BFT mechanism to reach a consensus on contract executions and payments. Later in this video, we’ll go through its consensus protocol in detail.
However, the network has a native cryptocurrency known as Zilliqa coin (ZIL). Users pay for transactions on the blockchain using the ZIL token, and these fees are, in turn, used to incentivize the nodes that solve maths to secure the blockchain.

Zilliqa has shown that it has some outstanding capabilities. Users are attracted to the network’s combination of functionality, scalability, and programmability. Since it offers a realistic alternative to Ethereum’s problems, more Dapps are expected to emerge on this platform in the future.

Zilliqa also appears to be well-positioned for growth, and if it becomes available on more exchanges, its demand may increase. Hence, Zilliqa is definitely worth considering from a long-term investment aspect. The network makes a convincing argument for adoption in a future where decentralization and scalability are critical.

DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. DYOR

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