Zilliqa (ZIL)

Blockchain Platform

Zilliqa is a high-performance blockchain platform designed for building decentralized applications (dApps). It uses sharding technology to increase transaction speed and scalability.

Smart Contracts and dApps

It supports secure and scalable smart contracts, enabling developers to create various dApps in finance, gaming, advertising, and supply chain management.

Payments and Gas Fees

Zilliqa’s native token (ZIL) is used to pay for transaction fees and gas costs when executing smart contracts on the network.

Business Solutions

Businesses use Zilliqa to tokenize assets, launch stablecoins, and create user-friendly apps with fast transaction processing.

Digital Ownership and Advertising

Zilliqa enables true digital ownership and authenticity on the blockchain and supports advertising platforms that benefit from decentralized, transparent systems.

Ecosystem Projects

Several projects like XCAD (a content creator platform) and others use Zilliqa to power millions of transactions, showing real-world adoption.

For more details, visit zilliqa.com.

Pros

• Scalability: Zilliqa uses sharding technology, which splits the network into smaller parts (shards) to process many transactions at once, making it fast and scalable.
• Speed: Transactions are processed quickly, supporting thousands of low-cost transactions per second.
• Smart Contracts: It uses its own smart contract language called Scilla, designed to be secure and reduce bugs.
• Consensus: Combines Proof-of-Work (PoW) and practical Byzantine Fault Tolerance (pBFT) for efficient and secure network consensus.
• Community and Team: Has a strong developer team and an active, loyal community supporting the project.
• Transaction Finality: Transactions are final once confirmed, so no need to wait for multiple confirmations like some other blockchains.

Cons

• Own Programming Language: Scilla is not fully compatible with Ethereum’s Solidity, which can limit developers used to Ethereum tools.
• Non-Turing Complete Language: Scilla is less flexible than Turing-complete languages, limiting some complex smart contract applications.
• Network Scaling Challenges: While sharding improves scalability, managing communication between shards can be complex.
• User Experience: Some users report slower transaction speeds and higher fees compared to expectations.
• Market Position: Zilliqa is still growing and faces strong competition from other smart contract platforms like Ethereum, Cardano, and EOS.

For more details, visit Zilliqa's official website.

Founders

Zilliqa was founded by Juzar Motiwalla and Max Kantelia. Other early key contributors include Amrit Kumar, Xinshu Dong, and Prateek Saxena, who were part of the research team from the National University of Singapore.

Roles

• Juzar Motiwalla is a co-founder and board member with experience in blockchain platforms and venture capital.
• Max Kantelia is a co-founder and serial entrepreneur focused on growing Zilliqa’s ecosystem.
• Amrit Kumar was a founder and key figure in the project’s development before stepping down in 2022.

For more details, visit Zilliqa's official team page.

Venture Capital Firms

Zilliqa has received investments from several venture capital firms including 100&100 Venture Capital, 8 Decimal Capital, Block0, Chainfund Capital, and Continue Capital.

Other Investors

There are a total of about 16 to 33 investors involved, including recent investors like Kenetic and Chainfund Capital.

Institutional and High Net Worth Investors

EGW Capital, a blockchain investment bank, has bought $10 million worth of Zilliqa coins on behalf of a Dubai-based high net worth investor.

Investment Trusts

Valkyrie Investments launched the Valkyrie Zilliqa Trust, an investment vehicle focused solely on Zilliqa, providing exposure to the token for qualified investors.

Location

Zilliqa is headquartered in Singapore, which is also a hub for many of its investors.

Halal Status

Yes, Zilliqa is generally considered halal. It uses a Proof-of-Stake mechanism where rewards come from contributing to network security, not from interest-based returns.

Reason

Zilliqa operates as a blockchain platform without involving interest (riba) or gambling (maisir), which aligns with Islamic finance principles. Its staking rewards are seen as compensation for work done, making it permissible.