Photo credit from dchained.com
Scalability has been a big thorn for so many blockchains all this years. Scalability has to do with blockchains processing transaction in a faster and secure way.
I was impressed when I heard about Zilliqa coin that can be able to fix the scalability issue for these blockchains. You might wonder how? It is through sharding technology,my friend. Zilliqa network is the first
blockchain platform to successfully implement this. Zil is the native token used on the platform.
What is sharding ?
The word ‘shard’ means a small part of a whole. It is is a horizontal partitioning, a database design principle that separates database servers into different teams(shards).These shards can process transactions in parallel. Each node will have only part of data on the blockchain,not the entire information. As a result more transactions can be processed at the same time and faster.For example,imagine a network of 1000 nodes,one may divide the network into 10 shards each composed of 100 nodes. The speed should increase by 10-fold.
Looking at what this technology does, you will believe with me that this blockchain- Zilliqa is really a big project that can help other networks in their scalability problem. Another bonus of this network is that it allows low cost of transactions. This alone is enough to attract developers to this network.
In addition,the blockchain offers a cost effective mining for miners and developers making it a likely platform for other networks.
Although,it is a relatively new project. There has been much development from the team especially with the introduction of the their Nft called Metapolis and more collaborations from other blockchains like XCAD DEX.
Conclusion,
Looking at the above features and development from the teams behind this project, there is 80 percent that this coin will do well in the long term starting this year excluding the current dip going on in the crypto market.