Zilliqa Price Prediction: Is It the Right Time to Buy Zilliqa?

Zilliqa is a smart-contract blockchain platform initially designed to scale thousands of transactions per second. To improve blockchains' scalability and speed Zilliqa utilizes sharding as a second layer scaling solution. With the development of the technological stack, the vision of the project moved towards Web3. 

The project started in 2017 when the development team started to work on the platform. Zilliqa's testnet went live in March 2018 and in June 2019 the mainnet was launched. The project calls itself the first in the world public blockchain that entirely relies on the sharding network.  Zilliqa aims to become a number-one choice for the big enterprise companies including the ones in gaming, entertainment, finances, and advertising. 

Elliptic-curved cryptography is used to secure Zilliqa’s consensus protocol and allow the multi signatures. The network utilizes the proof-of-work mechanism to assign node identities and generate shards. 

The platform has its own programming language called Scilla, which helps guarantee the safety of smart contracts. It was the first peer-reviewed smart contract programming language that entered the production platform.

Currently, the network runs millions of transactions each month and continues to scale, with the number of blocks produced daily reaching 2500. Zilliqa is also about to release its Metaverse called Metapolis on April 2. The company promises to offer new ways of engagement for both the virtual and digital worlds.  

ZIL is a native token of the Zilliqa blockchain. First, it was launched as an ERC-20 token, but in 2019 when Zilliqa went live on the mainnet all the tokens were transferred there during the token swap event that concluded in February 2020.