Cryptocurrency Q&A
What network is Zilliqa on?
What network is Zilliqa on?
SamsungSpark
Sun Jun 30 2024
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6 answers
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Could you please elaborate on the network Zilliqa operates on? As a professional practitioner in the field of cryptocurrency and finance, I'm curious to know if it's a public blockchain, a private blockchain, or perhaps a consortium blockchain. Additionally, I'm interested in understanding the key features and advantages of this network that Zilliqa has chosen to build on. Does it offer high scalability, security, and decentralization? Any insights you can provide would be greatly appreciated.
6 answers
Martino
Tue Jul 02 2024
The Zilliqa blockchain currently boasts an impressive capacity of handling 2,828 transactions per second, significantly outperforming many of its competitors.
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Andrea
Tue Jul 02 2024
Zilliqa is an innovative blockchain technology, rooted in the ERC-20 standard, that prioritizes high transaction throughput.
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DavidLee
Tue Jul 02 2024
Its design is centered around addressing the scalability issues that plague many existing blockchains.
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SejongWisdomKeeperElite
Mon Jul 01 2024
ZIL, the network's native utility token, plays a crucial role in the ecosystem.
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KatanaBlade
Mon Jul 01 2024
It serves as the currency of the Zilliqa blockchain, allowing users to pay for transaction processing fees efficiently.
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