Hmm… Interesting!

The chart above shows the price action of $ZIL. @zilliqa is one of the alts competing to grow their own ecosystem of dApps. Look into the 🧵 and we’ll deep dive into the protocol more!

$ZIL offers low cost, high scalability, eco-friendliness, dev-friendly, and backed by research in its ecosystem. To achieve these promises, ZIL is the first blockchain to implement the sharding technique.

ZIL is aiming to be an ecosystem of its own, providing all attributes an ecosystem should have – DeFi, NFT, dApps, and Governance.

Zilliqa was founded in 2017 by a group of researchers from @NUSingapore.

• @convoluted_code (CEO)

• @maqstik (CSO)

• @sandrahelou1 (Head of Metaverse & NFT)

• @MattDDyer (Head of Growth)

• @AparnaNR (Head of Communication)

• @ilyasergey (Lead Language Designer)

Additionally, Zilliqa has went through several Seed Rounds – @PlasmaCapitalHQ @IOSGVC @FBGCapital @AlphaCoinFund @oneblockcapital Kyle Wang @kadvani @KeneticCapital @8Decimal @NGC_Ventures @chainfundcap

In general, Zilliqa is similar to other alts/Ethereum-killers. The main difference is the sharding technique that the blockchain employs.

The Sharding process splits the infrastructure to several interconnected chains. This leads to processing transactions simultaneously.

Sharding enables Zilliqa to achieve predominant bottlenecks of previous alts, scalability with network size (nodes), low on gas fees, and rapid finality.

Additionally, Zilliqa has its own unique intermediate-level language – Scilla. The language has been peer-reviewed, fewer security risks, and supports multiple functional languages (i.e. OCaml).

To further ensure security, ZIL operates both PoS and PoW.

Below are the requirements to host a node running PoW.

(source: here)

Essential to the network is fees:

• Native token transfer: ZIL $0.011 ETH $2.5

• Fungible token transfer: ZIL $0.1 ETH $6

• NFT transfer: ZIL $0.1 ETH $8

$ZIL is the native token of @zilliqa that powers the entire blockchain. On genesis, the token was launched and capped at 21B tokens. The token itself has both an inflationary and deflationary system.

There are multiple wallet types (Mobile, Browser, Desktop, and Hardware) that could support holding ZIL, the main issue is some of them do not have the features eligible to stake.

From the ZIP-9 update, the emission rate for staking rewards has been adjusted. YoY the net inflation rate has decreased by around 0.015% from the start of 1.22%.

Deflationary comes from the burn of tx fees by sending it to the mining reward pool, not the normal ‘burn’ per se.

https://github.com/Zilliqa/ZIP/blob/master/zips/zip-9.md

State of Ecosystem

• dApps: 118,700

• Cumulative tx: 16.8M

• Daily tx: 50,000

• Total value circulation/day: $69M

• of nodes: 2,400

• TVL: $686.24M

• TVL to MCAP: 34.7%

• Total ZRC-2 value: $492.07M

• ZRC-2 tokens: 58

• Active users: 72,279

• Total # of addresses: 5.6M

• Hodler ratio: 1.29%

Now, onto the assumption of the price surge lately.

• Plans of launching an exclusive metaverse called Metapolis

• Partnered with several esports brands – @NIP, @teamrrqofficial, and @MADLions_EN