Zilliqa (ZIL) the Sleeping Giant! But Can it Beat Ethereum?
Zilliqa (ZIL) the Sleeping Giant! But Can it Beat Ethereum?
Zilliqa makes up for a newbie on the block in the world of cryptocurrencies, since ZIL wasn’t officially launched until mid-January of the following year. However, this token has made quite an impact on the cryptoverse during the period of around 6 months, mostly thanks to the introduction of “sharding”.
Addressing various problems related to scalability of blockchain that often appears as a problem, Zilliqa is offering a unique protocol, known as “sharding”, while quickly gaining momentum due to its uniqueness and innovative addition to the blockchain technology.
Already trading among the top 30 currencies as the 26th-top token in accordance with the official coin ranking list, while progressing at an increased pace for quite some time now.
Thanks to the uniqueness as well as the overall functionality of sharding, Zilliqa is easily getting enterprise-ready while collecting integral partnerships for the further development of the new generation of blockchain platforms.
Zilliqa Up in the Market with New Partnership
Although ZIL lost over -50% of its total worth due to not-as-benevolent market currents that massively lowered the prices of the majority of ICOs, new or veteran, holders respectively haven’t lowered their expectations, so ZIL is still trading at the top 30 coins and tokens.
Maintaining its status mostly thanks to the new protocol Zilliqa introduced blockchain technology to, Zilliqa has as of the most recent case, sealed an integral partnership with Japan’s enterprise known by the name Infoteria Corporation.
Since the announcement about the recently closed partnership between the two companies, ZIL was spotted rising against the dollar by slightly over 2%, while it is dropping again by -3% due to the current market trend.
However, the newly acquired partnership is not driven by the idea of instantly raising the price of ZIL in the market, but to utilize the speed and efficiency of sharding, which would work in favor of Zilliqa and Infoteria Corporation.
Within the agreement signed by both parties, Infoteria is due to connect Zilliqa platform to its own service called ASTERIA, while Zilliqa is set to enable thousands of transactions being simultaneously processed within a second, which would be made possible with the physical growth of the network.
Posted from my blog with SteemPress : https://www.yourcryptoplanet.org/zilliqa-zil-the-sleeping-giant-but-can-it-beat-ethereum/
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