One article to understand what ZIL coins are and which country ZIL coins are from

Zilliqa, a blockchain platform engineered in Singapore, leverages sharding technology to achieve high transaction speeds and throughput, boasting a global presence with headquarters in Switzerland.

Nov 03, 2024 at 08:51 pm

Understanding Zilliqa (ZIL) and Its Country of Origin

1. What is Zilliqa (ZIL)?
Zilliqa is a blockchain platform designed to address the scalability challenges faced by many existing blockchain networks. It utilizes a unique sharding technology to process transactions in parallel, enabling faster transaction speeds and higher throughput.

2. Features of Zilliqa

• Sharding: Zilliqa divides its network into multiple shards, which are essentially smaller, independent blockchains. Transactions are processed on specific shards, improving overall network efficiency.
• High Transaction Throughput: Zilliqa can process up to 2,828 transactions per second (TPS) across all shards, making it one of the fastest blockchain networks available.
• Security: Zilliqa employs a Byzantine Fault Tolerance (BFT) consensus mechanism to validate transactions, ensuring network security and data integrity.
• Smart Contract Capabilities: Zilliqa supports the development of smart contracts, allowing for the creation of decentralized applications on its platform.

3. Country of Origin
Zilliqa was founded in Singapore in 2017 by a team of researchers from the National University of Singapore. It is currently headquartered in Switzerland but maintains a global presence with offices in various countries. As a decentralized blockchain network, Zilliqa does not have a specific geographical location.