In recent days, the price of Bitcoin (BTC) has been hovering around the $10,000 resistance level, while several altcoins, such as Zilliqa (ZIL), have shown tremendous bullish momentum.
Zilliqa, a fast-rising cryptocurrency, according to data obtained from coinmarketcap, is the 36th most valuable cryptocurrency presently with a market capitalization of $245.25 million. It has a daily trading volume of about $90.85 million, with an impressive bullish run since the crash in March (est March 13 cap $29 million) and a surge of over 845%.
Zilliqa is a type of cryptocurrency that focuses on making blockchains more scalable and much faster. It uses sharding technology to simplify the consensus process so that blockchains like Ethereum can provide fast transaction processing successfully.
Zilliqa, (ZIL) can be traded on many popular crypto exchanges, which include Binance Bithumb, Huobi, BITBOX, and OKEx. Its crypto trading pairs include BTC, USDT ETH. Zilliqa presently has about 10.19 billion of its digital coin in circulation out of a total supply of 13.48 billion.
Based in Singapore, Zilliqa launched in June 2017. The project was co-founded by Amrit Kumar, its president and chief scientific officer; Yaoqi Jia, its chief technology officer; Xinshu Dong, a board member and the project’s former chief executive officer; and Max Kantelia, an adviser and board member.
Zilliqa raised $22 million worth of ether through an initial coin offering (ICO) that concluded in January 2018. The total supply of Zilliqa, the platform’s native cryptocurrency, is 22 billion zillings (ZIL). The tokens originally launched on the Ethereum network as ERC-20 tokens and were swapped out for ZIL tokens at the mainnet launch, in January 2019.
In 2019, Zilliqa launched its mainnet and enabled transactions within the first quarter.
In the second quarter, it launched smart contract creation on its platform, meaning developers can write and launch the contracts using the blockchain’s own programming language, Scilla.
Source Nairametrics