Increasing the speed of transaction processing and bandwidth blockchain network is one of the most pressing problems in the world of cryptocurrency to date. Due to the fact that processing a transaction block (a large data structure) takes a long time, transactions can be confirmed from several hours to several days.
The Zilliqa project has been developing for more than two years and is aimed at addressing these issues. The study is carried out by a team of computer scientists from leading universities and research institutions in the world, such as Princeton, Berkeley, Inria and NUS; developers of secure software systems; scientists in the field of cybersecurity, entrepreneurs, bankers and leading experts in the field of cryptography.
The first trial launch of the platform proved that Zilliqa is much ahead of any of its competitors - the throughput was 1389 transactions per second.
Zilliqa is a new blockchain platform developed for safe scaling in an open, distributed network without permission.
A feature of the Zilliqa platform is that the network is divided into small network components that have the ability to process several transactions in parallel.
With a network size of 10000 nodes, Zilliqa can provide such bandwidth which corresponds to the average transaction speed of VISA and MasterCard while wherein offering much lower dues for traders.
The advantages of Zilliqa:
- High speed for simultaneous processing of multiple transactions.
- Guarantee of anonymity of data and full security of money and cryptocurrency assets.
- A smart-contract with the highest level of concurrency. For example, users will be able to create distributed advertising networks on the platform, conduct parallel auctions, manage the overall economy, and much more.
Another plus is that Zilliqa mining can be produced with much lower financial costs for electricity as well as with less negative impact on the environment. For example, in some countries, the cost of electricity for mining at Zilliqa is almost 10 times less than the cost of mining Ethereum.
Zilliqa has an internal token called Zillings (ZIL). With Zillings users can pay for transactions, process or launch smart-contracts.
At the moment there is a bounty campaign for those who want to get ZIL. These are 3 types of programs.
- Social Bounty - 20000$ (equivalent ZILs)
- Content creation – 20000$ (equivalent ZILs)
- Active-Supporter Award - Individual rewards
- Check your eligibility for membership in accordance with Disclaimer.
- Fill in the registration form.
Like and retweet 5 tweets: 5 points
Like and retweet 10 tweets: 10 points
Own 5 tweets: 5 points
Own 10 tweets: 10 points
1000+ followers: 25% points
5000+ followers: 50% points
- Follow the official Twitter.
- Min 250 Twitter friends.
- Fake or spam accounts are not allowed.
- Themes of the posts (with #ZILLIQA):
- What you think are the coolest features of Zilliqa.
- What use cases you would like to see Zilliqa being applied to.
- Send a direct message to "zilliqabounty" after filling in the form: "This is to verify my Twitter account. My eth address is (your actual eth address)".
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Recommend 10 posts: 20 points
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Send a direct message to "zilliqabounty" after filling in the form: "This is to verify my Slack account. My eth address is (your actual eth address)".
Join Telegram: 10 points
Invite 5: 10 points
Invite 10: 20 points
Invite 15: 30 points
Send a direct message to "zilliqabounty" after filling in the form: "This is to verify my Telegram account. My eth address is (your actual eth address)".
Produce quality Articles, Blogs, YouTube videos.
You can use as inspiration Medium Blog, Web Site, Slack and YouTube.
You must be a high-quality translator.
Translation into Japanese and Simplified Chinese is not acceptable.
You will receive a reward if you link the team with top Youtuber, Medium bloggers, Steemit.com users and others and arrange with them about Zilliqa promotion.
You must be active on Slack and Telegram or participate in any bonus program that are described above.
Thank you for your attention!