ZIL

Zilliqa price

ZIL
|
3.7/5
CyberScope
3.9
04/19/2024
TokenInsight
3.4
11/12/2022
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
Show more
USD
USD
$0.025050
+1.78%
1h
24h
1W
1M
1Y
All

Zilliqa price live data

The current price of Zilliqa is $0.025050. Since 00:00 UTC, Zilliqa has increased by +1.79%. It currently has a circulating supply of 18,270,710,654 ZIL and a maximum supply of 21,000,000,000 ZIL, giving it a fully diluted market cap of $458.05M. At present, Zilliqa holds the 96 position in market cap rankings. The Zilliqa/USD price is updated in real-time.

Zilliqa price performance in USD

Time periodChange amount%Chg
Today$0.00044000 +1.78%
7 days-$0.00301 -10.73%
30 days-$0.00836 -25.03%
3 months-$0.01389 -35.68%

Zilliqa market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.024460
Last price $0.025050
24h high$0.025500
Heat index ranking
188
Market cap ranking
96
Market cap
$458.05M
Favorited rate
Percentage of users who favorited this asset to all users
2.50%
All-time high
$0.25666
-90.25% (-$0.23161)
May 6, 2021 (3 years ago)
All-time low
$0.0022100
+1,033.48% ($0.022840)
Mar 13, 2020 (4 years ago)
ICO date
01/25/2018
ICO price
The price at which this crypto was first traded
$0.0081000
Circulating supply
The amount of this crypto that is publicly available in the market
18,270,710,654 ZIL
Market cap at circulating supply
Market cap = Circulating supply × Last price
$526.47M

About Zilliqa (ZIL)

In the world of blockchain, scalability has long been a challenge, hindering the widespread adoption of this transformative technology. However, solutions have emerged to address this issue. One such solution is Zilliqa (ZIL). With its innovative protocol, Zilliqa aims to overcome the scalability challenge, opening doors for various sectors to embrace blockchain technology without sacrificing performance.

What is Zilliqa

Zilliqa is a high-performance blockchain platform designed to address the scalability challenges faced by traditional blockchain networks. While its capabilities are related to other blockchains like Ethereum and Solana, Zilliqa employs a unique technique to enhance transaction throughput, allowing a larger number of transactions to be processed simultaneously.

ZIL is the native digital token of the Zilliqa blockchain, officially introduced in 2017. This native token can be used to pay transaction fees on the Zilliqa network.

The ZIL team

Zilliqa was founded in 2017 by researchers Amrit Kumar and Xinshu Dong. The team behind Zilliqa includes two board members, Juzar Motiwalla and Mark Hemsley, as well as seven executives: Tom Fleetham, Bradley Laws, Richard Watts, Advait Gehurye, Alex Spells, Max Kantelia, and Matt Dyer.

How does ZIL work

Zilliqa stands out among its competitors by implementing a technique called sharding, which allows for high transaction throughput. In the sharding process, the Zilliqa blockchain is divided into smaller units called shards. Each node in the network is responsible for storing and processing data related to its assigned shard rather than processing the entire network's load. This efficient approach has made Zilliqa a popular choice for various industries, including financial services, entertainment, and gaming.

Zilliqa has several types of nodes, including seed nodes, DS nodes, lookup nodes, staked seeds nodes, and shard nodes. The Zilliqa testnet currently has 27 validators, and the validator default list is organized by features reward, staked balance, balance, user, delegation address, and balance share.

Zilliqa consensus mechanism

Zilliqa utilizes a distinct consensus mechanism, which combines Practical Byzantine Fault Tolerance (pBFT) and Proof of Work (PoW) to verify transactions on the blockchain. pBFT is a unique consensus mechanism that synchronizes all nodes to ensure that a relatively higher number of nodes agree on data accuracy before storing it on the network.

Zilliqa’s native token: ZIL

ZIL is the native token of Zilliqa, a Layer 1 blockchain.

ZIL tokenomics

The maximum supply of ZIL is set at a fixed amount of 21 billion. The total supply gradually increases over time until it reaches the hard cap of 21 billion. To ensure a sustainable distribution, Zilliqa plans to reserve 20 percent of its ZIL supply until 2027. In the first four years following its inception, approximately 80 percent of the total supply has been mined. This distribution strategy aims to support the long-term growth and stability of the Zilliqa ecosystem.

How is ZIL different from gZIL

ZIL is used to transact on the Zilliqa network and motivate miners to earn block rewards through mining.

On the other hand, gZIL serves as a Zilliqa governance token that allows community members to contribute to the improvement and development of the protocol. Essentially, each user possessing gZIL can actively vote and participate in the platform’s governance. Users can earn gZIL by staking their ZIL tokens.

ZIL use cases

As the native coin of the Zilliqa ecosystem, ZIL is used for crucial purposes such as transaction payment, governance, staking, and more.

Distribution of ZIL

ZIL is distributed as follows:

  • 60 percent was pre-mined before Zilliqa’s launch and used to advance the blockchain’s ecosystem.
  • 40 percent is reserved as mining and staking rewards.

What lies ahead for Zilliqa

Looking ahead, Zilliqa is poised for continued growth and development. With its pioneering sharded network, ZIL has witnessed widespread adoption and achieved notable valuation. The team behind Zilliqa remains committed to enhancing the network's infrastructure and scalability. Currently, the network processes millions of transactions each month and has significantly increased its block production, now generating up to 2,500 blocks daily. With these advancements, Zilliqa is set to compete with other scalable blockchains in the years to come.

Learn more about Zilliqa (ZIL)

ZIL FAQ

What is Zilliqa?

Zilliqa is a high-performance blockchain network that focuses on scalability and enables the execution of smart contracts. It utilizes the innovative sharding technique to process a large number of transactions simultaneously, making it a highly scalable and efficient platform.

How many transactions can Zilliqa process per second?

Zilliqa has achieved a capacity of handling up to 2,828 transactions per second (TPS). This high throughput enables fast and efficient transaction processing, making Zilliqa suitable for applications that require high-performance blockchain solutions.

Where can I buy ZIL?

Easily buy ZIL tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include ZIL/USDT, and ZIL/USDC.

You can also buy ZIL with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

Additionally, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for ZIL with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into ZIL, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

ZIL calculator
USDUSD
ZILZIL
1 ZIL ≈ $0.025050 USD
Trade
ZIL/USDT
Spot
ZIL/USDT
Margin
ZILUSDT Perpetual
Perpetual futures
ZIL Bot Marketplace
More
ZIL-USDT
Copy bot
Spot grid
0
41.56%
PnL%
ZIL-USDT
Copy bot
Spot DCA
0
0.48%
PnL%