What Is Zilliqa

Definition of Zilliqa

Zilliqa is a high-performance blockchain platform designed for scalability, utilizing sharding to process thousands of transactions per second. Zilliqa emerged in 2017 as a solution to blockchain's scalability challenges. Founded by a team of academics and engineers from the National University of Singapore, including Prateek Saxena and Amrit Kumar, it aims to enable secure, efficient decentralized applications. The core concept revolves around sharding, which divides the network into smaller groups to handle transactions in parallel. Its ecosystem includes dApps, staking, and yield farming, supporting a growing community of developers and users.

How Does Zilliqa Work

Operational Mechanisms

Zilliqa operates on a permissionless blockchain that employs sharding for high throughput. This divides the network into shards, each processing transactions independently before combining results.

Consensus and Security

It uses practical Byzantine Fault Tolerance (pBFT) for consensus, requiring two-thirds of nodes to agree on records. Proof-of-Work assigns node identities and generates shards, while elliptic-curve cryptography secures transactions. Smart contracts are written in Scilla, a language focused on safety to prevent vulnerabilities.

Technical Principles

Public and private keys enable secure ownership and transactions. Users sign transactions with private keys, verified via public keys on the network.

How Is New Zilliqa Created

Issuance and Mining

New ZIL tokens are created through a combination of mining and staking. Initially, Proof-of-Work is used for node identity, but the network shifted to staking post-mainnet.

Supply and Rewards

Zilliqa has a maximum supply of 21,000,000,000 ZIL, with over 19.5 billion in circulation as of September 2025. Rewards are distributed to stakers and validators who secure the network. The inflation model is designed to decrease over time, promoting scarcity. Staking involves locking ZIL to participate in consensus, earning yields based on network activity.

The Use Cases of Zilliqa

Payments and Transfers

Zilliqa supports fast, low-cost payments and cross-border transfers, ideal for remittances due to its high speed.

DeFi and Smart Contracts

It hosts DeFi applications, enabling lending, borrowing, and yield farming via secure smart contracts in Scilla.

NFTs and Governance

Users create and trade NFTs on the platform. ZIL holders participate in governance, voting on proposals. It's also used for value storage and dApp development in gaming or social platforms.

Buy, Send, or Store Zilliqa

Purchasing Channels

Buy ZIL on exchanges like WEEX Exchange or through OTC services. WEEX offers a trusted platform for trading various cryptocurrencies.

Wallets and Storage

Store ZIL in hot wallets for easy access or cold wallets for enhanced security. Use hardware devices to protect private keys from hacks.

Operations and Security

To send, enter the recipient's address and confirm via wallet. Always enable two-factor authentication. Register on WEEX Exchange to earn a free 20 USDT bonus and start trading securely. https://www.weex.com/how-to-buy

Pros & Cons / Risks

Pros

- High scalability with sharding, enabling thousands of TPS. - Strong security via pBFT and Scilla language. - Supports staking for passive income. - Decentralized and permissionless network.

Cons / Risks

- Price volatility common in crypto markets. - Regulatory uncertainties could impact adoption. - Technical risks like network bugs or competition from other blockchains. - Dependence on developer activity for ecosystem growth.

Comparison

Zilliqa vs. Alternatives

Compared to Ethereum, Zilliqa offers superior scalability through sharding, reducing congestion and fees, though Ethereum has a larger ecosystem. Against Bitcoin, Zilliqa provides smart contract functionality and faster transactions, positioning it as a versatile platform for dApps rather than just a store of value.

Conclusion / Next Steps

Zilliqa holds potential for growth in scalable blockchain solutions, with advancements in DeFi and Web3. Future directions include more partnerships and tech upgrades. Check the whitepaper, roadmap, or join the community for deeper insights. Learn more by exploring official resources.

Market & Ecosystem

Market Cap & Trading Volume

As of September 2025, Zilliqa's market cap is $219,947,499 USD, with a 24-hour trading volume of $13,118,498 USD.

Exchanges Where It’s Listed

Zilliqa is available on major exchanges, including WEEX Exchange for secure trading.

Community Size & Activity

The community is active on Twitter, Reddit, and Telegram, with thousands of followers discussing updates and developments.

Ecosystem Growth

Growth includes partnerships in DeFi and developer activity building dApps, fostering innovation.