Zilliqa (ZIL) is a new kid in the cryptocurrency block and just eight months; the young cryptocurrency is already posing a big threat to other established currencies such as Ethereum. What has made this blockchain technology and virtual currency to stand out is its decision to stay out of the media limelight and headlines to instead concentrate on the development of its infrastructure and the closing of existing gaps and loopholes that have been neglected by other cryptocurrencies.
Zilliqa (ZIL) might not have received a lot of attention before, but from the careful review, the digital asset is showing signs that it might be one of the projects worth observing and following in Q4 of 2018 and into 2019.
Although recording steady and impressive growth, the lead project team appears to have neglected an important component that might prove to be of importance in the success of the blockchain technology and virtual currency, marketing their product.
At present, the current growth being witnessed on the blockchain technology is a result of the efficient and effective technology and infrastructure driving the blockchain technology. Since inception, the stellar system performance has been the major marketing tool for the technological savvy individuals, but for the ordinary investor or trader, the price value of the digital coin is what is driving them to invest in the digital asset.
When you ask a Zilliqa (ZIL) follower and adopter what draws them towards the virtual currency, they will respond back to you that the security of the platform is one of the safest dApp hub in the market, its unsurpassed delivery throughput, and its efficient smart contract distribution environment. All these attributes might sound similar to other virtual currencies, but Zilliqa has the upper hand compared to them. Here is why:
Zilliqa is Immune to Sybil Attacks
Zilliqa does not take security and securing their platform lightly. By deploying the pBFT better known as practical Byzantine Fault Tolerance attribute, Zilliqa manages to strengthen the networks’ consensus governance backed by proof of work that safeguards the blockchain technology against Sybil threats.
In comparison to bitcoin’s consensus protocol, the pBFT technology takes a superior position as it does not require block confirmation in terminating any initiated process or transaction.
Sharding Attribute Available in Zilliqa (ZIL)
In the blockchain industry, Sharding technology is a first one by Zilliqa that assists the blockchain technology’s weight in making transactions smooth and fast. For other cryptocurrencies such as Ethereum who have been struggling with containing storage, bottlenecks are exploring ways they can implement Sharding in their operations. The adoption of the sharding technology is assisting reducing Ethereum’s transaction speeds that have been the cause of driving their costs up.
At the time of writing, the Zilliqa website reports that the performance bar of the blockchain technology stands at 2,837 TPS. The exact TPS for Zilliqa is yet to be established as the stress testing is still in process. How sharding works are by breaking down huge chunks of nodes which in turn produces improved throughput.
The Anticipated Zilliqa Q4 MainNet Launch
Zilliqa (ZIL) is attracting a lot of interest from significant companies and firms as the blockchain technology aligns itself in coming in agreement with strategic partners and launching its much-awaited MainNet at the end of this year or early next year.
According to earlier reports from the company, the mainnet was supposed to be launched in Q3 this year, but due to the need for more time to work on features that include the integration of wallets, preparation for token swaps, development of tool-chains among other features, it will be launched in Q4. Upon the launch of the mainnet, Zilliqa stands to gain and grow by three folds.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…