{"id":2373,"date":"2022-04-08T22:13:00","date_gmt":"2022-04-08T22:13:00","guid":{"rendered":"https:\/\/moneymade.wpenginepowered.com\/?p=2373"},"modified":"2025-05-20T19:17:54","modified_gmt":"2025-05-20T19:17:54","slug":"what-is-zilliqa","status":"publish","type":"post","link":"https:\/\/moneymade.io\/learn\/articles\/what-is-zilliqa\/","title":{"rendered":"Need for Block Speed: What is Zilliqa (ZIL) Crypto?"},"content":{"rendered":"\n

Everybody wants decentralization\u2014but not if a simple transaction takes an hour or costs you an arm and a leg. Here\u2019s how Zilliqa aims to become a Visa killer.<\/strong><\/em><\/p>\n\n\n\n

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<\/div>\n\n\n\n
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\"Need<\/figure>\n<\/div>\n\n\n\n
<\/div>\n<\/div>\n\n\n\n

Decentralization is the Holy Grail of blockchain technology, right? But what good is a decentralized payment network if it’s unusable at scale?<\/p>\n\n\n\n

\n

In the past month alone, the ZIL token has pumped 425% from $0.04 to $0.21, the largest percentage gain we\u2019ve seen from large-cap cryptocurrencies in a while.<\/p>\n<\/blockquote>\n\n\n\n

For any given blockchain to be adopted worldwide, it needs to be able to process high volumes of transactions. The two most valuable blockchains we have so far, Bitcoin and Ethereum, can each do 7 and 14 transactions per second respectively. This lack of scalability has negatively affected both networks over the past few years.<\/p>\n\n\n\n

For instance, Bitcoiners who wanted larger block sizes (hence more scalability) split the protocol and created Bitcoin Cash (BCH). And the Ethereum network was brought to a grinding halt in December 2017, at the height of the CryptoKitties mania.<\/p>\n\n\n\n

While Ethereum is currently undergoing an upgrade that should improve its scalability, only time will tell whether this works out. But aside from upgrading legacy networks, what if we had a blockchain that was built from scratch with scalability in mind? That\u2019s where Zilliqa comes in.<\/p>\n\n\n\n

What is Zilliqa (ZIL) crypto?<\/h3>\n\n\n\n

Zilliqa (ZIL) is a public blockchain that\u2019s designed to scale to thousands of transactions per second through sharding, which I\u2019ll explain more deeply in the next section.<\/p>\n\n\n\n

Zilliqa was founded in 2017 by computer scientist Prateek Saxena, tech entrepreneur Max Kantelia and venture capitalist Juzar Motiwalla and launched its mainnet in June 2019. Ever since then, Zilliqa has positioned itself as the blockchain of choice for large-scale distributed applications, including:<\/p>\n\n\n\n

    \n
  • Automated high-volume auctions, like advertising exchanges<\/li>\n\n\n\n
  • High-performance scientific computing, like weather simulations<\/li>\n\n\n\n
  • Applications requiring high reliability, like financial models<\/li>\n<\/ul>\n\n\n\n

    ZIL<\/strong><\/h4>\n\n\n\n

    ZIL is the native utility token of Zilliqa, which is used to execute smart contracts, pay gas fees and reward miners and stakers for securing the network.<\/p>\n\n\n\n

    ZIL has a maximum supply of 21 billion tokens, with 12.62 billion ZIL in circulation today. The remaining 40% (8.4 billion ZIL) will be distributed to miners over the next 10 years at a decreasing rate.<\/p>\n\n\n\n

    Now let\u2019s see what\u2019s under Zilliqa\u2019s hood.<\/p>\n\n\n\n

    How does Zilliqa (ZIL) work?<\/h3>\n\n\n\n

    As mentioned above, Zilliqa\u2019s blockchain aims to solve the scalability issue with sharding. Here\u2019s how.<\/p>\n\n\n\n

    Scalability<\/strong><\/h4>\n\n\n\n

    A blockchain consists of nodes, which are devices that broadcast, verify and store transactions on the network. Zilliqa divides blockchain nodes into subgroups, called shards, each of which is responsible for processing a given batch of transactions.<\/p>\n\n\n\n

    This way, transaction batches can be processed in parallel and the blockchain can achieve high throughput. And since shards process transactions in parallel, Zilliqa can theoretically increase its transaction speed by orders of magnitude as more nodes join the network. Not to mention, a higher number of transactions per second equals lower network fees.<\/p>\n\n\n\n

    As of 2022, the Zilliqa network produces over 40,000 blocks per month, with a total of 35 million transactions processed. All the while, this only costs $0.0011 per transaction, which is over 200x cheaper than Ethereum.<\/p>\n\n\n\n

    Security<\/strong><\/h4>\n\n\n\n

    Zilliqa\u2019s security model is built on a few pillars: Practical Byzantine Fault Tolerance (pBFT), Proof-of-Work, elliptic-curve cryptography and their formally-verified programming language Scilla. Don\u2019t worry, I promise I won\u2019t bore you to death with too many technical details. We\u2019ll just go over the first two pillars.<\/p>\n\n\n\n

    Aside from shards, there is another group of nodes in the Zilliqa blockchain called Directory Service (DS) nodes. Once a shard confirms a block of transactions, then the DS nodes will double-check that shard\u2019s results and add it to the blockchain. All Practical Byzantine Fault Tolerance means is that at least two-thirds of all nodes must agree that a record is accurate in order for it to be added to the blockchain.<\/p>\n\n\n\n

    Now in Bitcoin\u2019s Proof-of-Work (PoW) system, computers (i.e. miners) use electrical power to solve mathematical puzzles that validate transactions. But Zilliqa uses PoW to assign roles (i.e. shard, DS) to each node in a way that\u2019s decentralized and spam-resistant.<\/p>\n\n\n\n

    Since Zilliqa doesn\u2019t rely on PoW to validate individual transactions like Bitcoin does, ZIL doesn\u2019t incur the same high energy costs. And with parallel processing, miners can process more blocks per epoch and earn more consistent fees.<\/p>\n\n\n\n

    Staking<\/strong><\/h4>\n\n\n\n

    Zilliqa is one of, if not the only, major blockchain that supports both mining and staking. While staking usually plays a main role in blockchain security, for Zilliqa it\u2019s more of an add-on to incentivize users to join the network and earn up to 15.30% APR as of April 2022.<\/p>\n\n\n\n

    Is Zilliqa (ZIL) better than Ethereum (ETH)?<\/h3>\n\n\n\n

    In the past month alone, the ZIL token has pumped 425% from $0.04 to $0.21, the largest percentage gain we\u2019ve seen from large-cap cryptocurrencies in a while. All the hype was surrounding the announcement of Metapolis, a Metaverse-as-a-service (Maas) platform built on Zilliqa offering tech and infrastructure for clients to build their own metaverses.<\/p>\n\n\n\n

    But coins can\u2019t go up forever. ZIL plummeted by 42% following the initial rally, with traders confused about exactly when Metapolis will launch and the Zilliqa team staying mum on the exact date. But assuming that the Metapolis launch is a raging success, can ZIL resume its rally and eventually become a top 10 crypto? Well, that depends on how competitive it is.<\/p>\n\n\n\n

    Competition<\/strong><\/h4>\n\n\n\n

    Zilliqa is competing in a crowded space of general-purpose smart contract platforms like Ethereum (ETH), Solana (SOL), Avalanche (AVAX) and Polkadot (DOT). But while many of these chains attempt to scale by being a bit more centralized (Solana) or moving some of the load onto Layer 2\u2019s and sidechains (Ethereum), Zilliqa was the first blockchain to implement sharding directly on-chain while still being flexible enough to incorporate layer-2 solutions.<\/p>\n\n\n\n

    But even in that regard, Zilliqa isn\u2019t without competition. Ethereum will soon support sharding on their Beacon Chain following The Merge. And Harmony One (ONE), another sharing-based smart contract platform, was created in direct response to Zilliqa\u2019s shortcomings. Namely, the fact that machines with limited resources can\u2019t participate on Zilliqa\u2019s blockchain\u2014which hinders decentralization. Let\u2019s see how Zilliqa stacks up to three of its closest competitors: Ethereum, Solana and Harmony One.<\/p>\n\n\n\n

    Relative Value<\/strong><\/h4>\n\n\n\n

    In the following tables, we\u2019ll compare Zilliqa to competing chains across three categories:<\/p>\n\n\n\n

      \n
    • Total Value Locked (TVL):<\/strong> How many DApps are built on the blockchain, and how much value the network has been able to capture through its ecosystem<\/li>\n\n\n\n
    • Staking:<\/strong> How decentralized the network is, how many users are willing to hold the tokens long-term for the rewards<\/li>\n\n\n\n
    • Usage:<\/strong> How many users actively use the blockchain and how fast transactions are<\/li>\n<\/ul>\n\n\n\n

      Total Value Locked<\/strong><\/p>\n\n\n\n

      <\/th>Market Cap<\/th>TVL<\/th>DApps<\/th>MCAP\/TVL<\/th><\/tr><\/thead>
      Zilliqa (ZIL)<\/strong><\/td>$1.6B<\/td>$27.29M<\/td>2<\/td>65.31498<\/td><\/tr>
      Ethereum (ETH)<\/strong><\/td>$387B<\/td>$121.52B<\/td>456<\/td>3.1866<\/td><\/tr>
      Solana (SOL)<\/strong><\/td>$38.1B<\/td>$7.46B<\/td>62<\/td>5.07469<\/td><\/tr>
      Harmony One (ONE)<\/strong><\/td>$1.6B<\/td>$742.99M<\/td>51<\/td>2.23622<\/td><\/tr><\/tbody><\/table>
      Source: DefiLlama, data pulled on 4\/7\/22<\/figcaption><\/figure>\n\n\n\n

      A common way to value layer 1 blockchains is to divide their Market Cap by their TVL. According to Zilliqa\u2019s MCAP\/TVL, it is immensely overvalued compared to its competitors. Not to mention, Zilliqa has way fewer DApps actively capturing value on its chain.<\/p>\n\n\n\n

      While it\u2019s understandable for mega-cap blockchains like Ethereum and Solana to have lower multiples than a large-cap blockchain, do notice that Harmony One has a lower multiple despite being about the same size as Zilliqa.<\/p>\n\n\n\n

      Staking<\/strong><\/p>\n\n\n\n

      <\/th>Zilliqa (ZIL)<\/th>Ethereum (ETH)<\/th>Solana (SOL)<\/th>Harmony One (ONE)<\/th><\/tr><\/thead>
      Total Staked<\/strong><\/td>610M<\/td>34.7B<\/td>44.9B<\/td>759.8M<\/td><\/tr>
      APY<\/strong><\/td>13.87%<\/td>4.52%<\/td>6.08%<\/td>7.58%<\/td><\/tr>
      Lock-Up<\/strong><\/td>14 days<\/td>1 year+<\/td>5 days<\/td>~18 hours<\/td><\/tr>
      Validators<\/strong><\/td>16<\/td>335K<\/td>1,789<\/td>~290<\/td><\/tr>
      Participation Rate<\/strong><\/td>29.86%<\/td>8.92%<\/td>74.09%<\/td>45.2%<\/td><\/tr>
      Inflation<\/strong><\/td>5.28%<\/td>0.54%<\/td>8.85%<\/td>10.59%<\/td><\/tr><\/tbody><\/table>
      Source: Staking Rewards, Messari, Misc block explorers, data pulled on 4\/7\/22<\/figcaption><\/figure>\n\n\n\n

      For starters, ZIL inflation is slightly high. But SOL and ONE holders have it worse. And while ZIL\u2019s staking participation rate is also a bit low, I imagine this might have something to do with its dual mining-staking model.<\/p>\n\n\n\n

      ZIL’s APY is on the higher end of rewards rates offered by major blockchains though. The only catch is, ZIL holders have to lock up their tokens for about 14 days to start earning staking rewards. But for long-term holders, that is a non-issue.<\/p>\n\n\n\n

      The major red flag I see with ZIL staking, however, is the fact that they only have 16 validators. Despite supporting staking for years now, ZIL remains extremely centralized in this area.<\/p>\n\n\n\n

      Usage<\/strong><\/p>\n\n\n\n

      <\/th>24h Active Addresses<\/th>Total Addresses<\/th>Activity Rate<\/th>TPS<\/th><\/tr><\/thead>
      Zilliqa (ZIL)<\/strong><\/td>17K<\/td>3M<\/td>0.56%<\/td>0.51<\/td><\/tr>
      Ethereum (ETH)<\/strong><\/td>553K<\/td>78M<\/td>0.7%<\/td>14.4<\/td><\/tr>
      Solana (SOL)<\/strong><\/td>296K<\/td>N\/A<\/td>N\/A<\/td>1,800<\/td><\/tr>
      Harmony One (ONE)<\/strong><\/td>55K<\/td>N\/A<\/td>N\/A<\/td>N\/A<\/td><\/tr><\/tbody><\/table>
      Source: Misc block explorers, data pulled on 4\/7\/22<\/figcaption><\/figure>\n\n\n\n

      As you can see, not every chain provided enough data to do a full usage comparison. So we\u2019ll focus on what we do know. For one, ZIL\u2019s 24-hour active addresses are on the lower end. And this is coming off a high of 40K 24 hour active addresses after the Metapolis announcement. Besides this, ZIL\u2019s TPS is shockingly low. The Zilliqa white paper promised transaction speeds in the thousands, but I suppose the project hasn\u2019t been able to reach its full potential yet.<\/p>\n\n\n\n

      Can Zilliqa (ZIL) reach $1?<\/h3>\n\n\n\n

      On the surface Zilliqa appears to be overvalued compared to its peers, with lower TVL, DApps and Active Addresses while being centralized in regards to staking. But this doesn\u2019t necessarily mean the coin won\u2019t pump going forward.<\/p>\n\n\n\n

      If they continue to offer attractive staking yields, work on increasing transaction speeds and deliver on the Metapolis project, it\u2019s not impossible for this coin to trade higher with an upper limit of $10 billion in market cap or ~$1 per ZIL. But that\u2019s a big if.<\/p>\n","protected":false},"excerpt":{"rendered":"

      Everybody wants decentralization\u2014but not if a simple transaction takes an hour or costs you an arm and a leg. Here\u2019s how Zilliqa aims to become a Visa killer. Decentralization is the Holy Grail of blockchain technology, right? But what good is a decentralized payment network if it’s unusable at scale? In the past month alone, […]<\/p>\n","protected":false},"author":7,"featured_media":2374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[3],"tags":[22,24,56],"post_authors":[81],"class_list":["post-2373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-cryptocurrency","tag-defi","tag-technology"],"acf":[],"yoast_head":"\nNeed for Block Speed: What is Zilliqa (ZIL) Crypto?<\/title>\n<meta name=\"description\" content=\"Everybody wants decentralization\u2014but not if a simple transaction takes an hour or costs you an arm and a leg. Here\u2019s how Zilliqa aims to become a Visa killer.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/moneymade.io\/learn\/articles\/what-is-zilliqa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Need for Block Speed: What is Zilliqa (ZIL) Crypto?\" \/>\n<meta property=\"og:description\" content=\"Everybody wants decentralization\u2014but not if a simple transaction takes an hour or costs you an arm and a leg. 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Here\u2019s how Zilliqa aims to become a Visa killer.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/moneymade.io\/learn\/articles\/what-is-zilliqa\/","og_locale":"en_US","og_type":"article","og_title":"Need for Block Speed: What is Zilliqa (ZIL) Crypto?","og_description":"Everybody wants decentralization\u2014but not if a simple transaction takes an hour or costs you an arm and a leg. Here\u2019s how Zilliqa aims to become a Visa killer.","og_url":"https:\/\/moneymade.io\/learn\/articles\/what-is-zilliqa\/","og_site_name":"MoneyMade","article_published_time":"2022-04-08T22:13:00+00:00","article_modified_time":"2025-05-20T19:17:54+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/moneymade.io\/learn\/wp-content\/uploads\/2025\/05\/Money_Made_Zilliqa_Guide_MO_b4d47503ee.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"nick@klaymedia.com","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/moneymade.io\/learn\/articles\/what-is-zilliqa\/#article","isPartOf":{"@id":"https:\/\/moneymade.io\/learn\/articles\/what-is-zilliqa\/"},"author":{"name":"nick@klaymedia.com","@id":"https:\/\/moneymade.io\/learn\/#\/schema\/person\/8c0c0c37e0c31b81a77ea024f0085a4b"},"headline":"Need for Block Speed: What is Zilliqa (ZIL) Crypto?","datePublished":"2022-04-08T22:13:00+00:00","dateModified":"2025-05-20T19:17:54+00:00","mainEntityOfPage":{"@id":"https:\/\/moneymade.io\/learn\/articles\/what-is-zilliqa\/"},"wordCount":1611,"commentCount":0,"publisher":{"@id":"https:\/\/moneymade.io\/learn\/#organization"},"image":{"@id":"https:\/\/moneymade.io\/learn\/articles\/what-is-zilliqa\/#primaryimage"},"thumbnailUrl":"https:\/\/moneymade.io\/learn\/wp-content\/uploads\/2025\/05\/Money_Made_Zilliqa_Guide_MO_b4d47503ee.png","keywords":["Cryptocurrency","DeFi","Technology"],"articleSection":["Articles"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/moneymade.io\/learn\/articles\/what-is-zilliqa\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/moneymade.io\/learn\/articles\/what-is-zilliqa\/","url":"https:\/\/moneymade.io\/learn\/articles\/what-is-zilliqa\/","name":"Need for Block Speed: What is Zilliqa (ZIL) Crypto?","isPartOf":{"@id":"https:\/\/moneymade.io\/learn\/#website"},"primaryImageOfPage":{"@id":"https:\/\/moneymade.io\/learn\/articles\/what-is-zilliqa\/#primaryimage"},"image":{"@id":"https:\/\/moneymade.io\/learn\/articles\/what-is-zilliqa\/#primaryimage"},"thumbnailUrl":"https:\/\/moneymade.io\/learn\/wp-content\/uploads\/2025\/05\/Money_Made_Zilliqa_Guide_MO_b4d47503ee.png","datePublished":"2022-04-08T22:13:00+00:00","dateModified":"2025-05-20T19:17:54+00:00","description":"Everybody wants decentralization\u2014but not if a simple transaction takes an hour or costs you an arm and a leg. Here\u2019s how Zilliqa aims to become a Visa killer.","breadcrumb":{"@id":"https:\/\/moneymade.io\/learn\/articles\/what-is-zilliqa\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/moneymade.io\/learn\/articles\/what-is-zilliqa\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/moneymade.io\/learn\/articles\/what-is-zilliqa\/#primaryimage","url":"https:\/\/moneymade.io\/learn\/wp-content\/uploads\/2025\/05\/Money_Made_Zilliqa_Guide_MO_b4d47503ee.png","contentUrl":"https:\/\/moneymade.io\/learn\/wp-content\/uploads\/2025\/05\/Money_Made_Zilliqa_Guide_MO_b4d47503ee.png","width":1200,"height":800},{"@type":"BreadcrumbList","@id":"https:\/\/moneymade.io\/learn\/articles\/what-is-zilliqa\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/moneymade.io\/learn\/"},{"@type":"ListItem","position":2,"name":"Articles","item":"https:\/\/moneymade.io\/learn\/articles\/"},{"@type":"ListItem","position":3,"name":"Need for Block Speed: What is Zilliqa (ZIL) Crypto?"}]},{"@type":"WebSite","@id":"https:\/\/moneymade.io\/learn\/#website","url":"https:\/\/moneymade.io\/learn\/","name":"MoneyMade","description":"Make Money Moves That Matter.","publisher":{"@id":"https:\/\/moneymade.io\/learn\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/moneymade.io\/learn\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/moneymade.io\/learn\/#organization","name":"MoneyMade","url":"https:\/\/moneymade.io\/learn\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/moneymade.io\/learn\/#\/schema\/logo\/image\/","url":"https:\/\/moneymade.io\/learn\/wp-content\/uploads\/2025\/05\/Copy-of-MoneyMade-Icon-Default.svg","contentUrl":"https:\/\/moneymade.io\/learn\/wp-content\/uploads\/2025\/05\/Copy-of-MoneyMade-Icon-Default.svg","width":96,"height":96,"caption":"MoneyMade"},"image":{"@id":"https:\/\/moneymade.io\/learn\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/moneymade.io\/learn\/#\/schema\/person\/8c0c0c37e0c31b81a77ea024f0085a4b","name":"nick@klaymedia.com","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/moneymade.io\/learn\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/55886835a570cf0ebb443912af4176b642ef8a6a841026598d95ef9d3aaf08ac?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/55886835a570cf0ebb443912af4176b642ef8a6a841026598d95ef9d3aaf08ac?s=96&d=mm&r=g","caption":"nick@klaymedia.com"},"url":"https:\/\/moneymade.io\/learn\/author\/nickklaymedia-com\/"}]}},"fig_blocks":[{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p><em><strong>Everybody wants decentralization\u2014but not if a simple transaction takes an hour or costs you an arm and a leg. Here\u2019s how Zilliqa aims to become a Visa killer.<\/strong><\/em><\/p>\n","innerContent":["\n<p><em><strong>Everybody wants decentralization\u2014but not if a simple transaction takes an hour or costs you an arm and a leg. Here\u2019s how Zilliqa aims to become a Visa killer.<\/strong><\/em><\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/columns","attrs":[],"innerBlocks":[{"blockName":"core\/column","attrs":{"width":"10%"},"innerBlocks":[],"innerHTML":"\n<div class=\"wp-block-column\" style=\"flex-basis:10%\"><\/div>\n","innerContent":["\n<div class=\"wp-block-column\" style=\"flex-basis:10%\"><\/div>\n"]},{"blockName":"core\/column","attrs":{"width":"80%"},"innerBlocks":[{"blockName":"core\/image","attrs":[],"innerBlocks":[],"innerHTML":"\n<figure class=\"wp-block-image\"><img src=\"https:\/\/moneymade.io\/learn\/wp-content\/uploads\/2025\/05\/Money_Made_Zilliqa_Guide_MO_b4d47503ee.png\" alt=\"Need for Block Speed: What is Zilliqa (ZIL) Crypto?\"\/><\/figure>\n","innerContent":["\n<figure class=\"wp-block-image\"><img src=\"https:\/\/moneymade.io\/learn\/wp-content\/uploads\/2025\/05\/Money_Made_Zilliqa_Guide_MO_b4d47503ee.png\" alt=\"Need for Block Speed: What is Zilliqa (ZIL) Crypto?\"\/><\/figure>\n"]}],"innerHTML":"\n<div class=\"wp-block-column\" style=\"flex-basis:80%\"><\/div>\n","innerContent":["\n<div class=\"wp-block-column\" style=\"flex-basis:80%\">",null,"<\/div>\n"]},{"blockName":"core\/column","attrs":{"width":"10%"},"innerBlocks":[],"innerHTML":"\n<div class=\"wp-block-column\" style=\"flex-basis:10%\"><\/div>\n","innerContent":["\n<div class=\"wp-block-column\" style=\"flex-basis:10%\"><\/div>\n"]}],"innerHTML":"\n<div class=\"wp-block-columns\">\n\n\n\n<\/div>\n","innerContent":["\n<div class=\"wp-block-columns\">",null,"\n\n",null,"\n\n",null,"<\/div>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>Decentralization is the Holy Grail of blockchain technology, right? But what good is a decentralized payment network if it's unusable at scale?<\/p>\n","innerContent":["\n<p>Decentralization is the Holy Grail of blockchain technology, right? But what good is a decentralized payment network if it's unusable at scale?<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/quote","attrs":[],"innerBlocks":[{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>In the past month alone, the ZIL token has pumped 425% from $0.04 to $0.21, the largest percentage gain we\u2019ve seen from large-cap cryptocurrencies in a while.<\/p>\n","innerContent":["\n<p>In the past month alone, the ZIL token has pumped 425% from $0.04 to $0.21, the largest percentage gain we\u2019ve seen from large-cap cryptocurrencies in a while.<\/p>\n"]}],"innerHTML":"\n<blockquote class=\"wp-block-quote\"><\/blockquote>\n","innerContent":["\n<blockquote class=\"wp-block-quote\">",null,"<\/blockquote>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>For any given blockchain to be adopted worldwide, it needs to be able to process high volumes of transactions. The two most valuable blockchains we have so far, Bitcoin and Ethereum, can each do 7 and 14 transactions per second respectively. This lack of scalability has negatively affected both networks over the past few years.<\/p>\n","innerContent":["\n<p>For any given blockchain to be adopted worldwide, it needs to be able to process high volumes of transactions. The two most valuable blockchains we have so far, Bitcoin and Ethereum, can each do 7 and 14 transactions per second respectively. This lack of scalability has negatively affected both networks over the past few years.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>For instance, Bitcoiners who wanted larger block sizes (hence more scalability) split the protocol and created Bitcoin Cash (BCH). And the Ethereum network was brought to a grinding halt in December 2017, at the height of the CryptoKitties mania.<\/p>\n","innerContent":["\n<p>For instance, Bitcoiners who wanted larger block sizes (hence more scalability) split the protocol and created Bitcoin Cash (BCH). And the Ethereum network was brought to a grinding halt in December 2017, at the height of the CryptoKitties mania.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>While Ethereum is currently undergoing an upgrade that should improve its scalability, only time will tell whether this works out. But aside from upgrading legacy networks, what if we had a blockchain that was built from scratch with scalability in mind? That\u2019s where Zilliqa comes in.<\/p>\n","innerContent":["\n<p>While Ethereum is currently undergoing an upgrade that should improve its scalability, only time will tell whether this works out. But aside from upgrading legacy networks, what if we had a blockchain that was built from scratch with scalability in mind? That\u2019s where Zilliqa comes in.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/heading","attrs":{"level":3},"innerBlocks":[],"innerHTML":"\n<h3 class=\"wp-block-heading\" id=\"h-what-is-zilliqa-zil-crypto\">What is Zilliqa (ZIL) crypto?<\/h3>\n","innerContent":["\n<h3 class=\"wp-block-heading\" id=\"h-what-is-zilliqa-zil-crypto\">What is Zilliqa (ZIL) crypto?<\/h3>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>Zilliqa (ZIL) is a public blockchain that\u2019s designed to scale to thousands of transactions per second through sharding, which I\u2019ll explain more deeply in the next section.<\/p>\n","innerContent":["\n<p>Zilliqa (ZIL) is a public blockchain that\u2019s designed to scale to thousands of transactions per second through sharding, which I\u2019ll explain more deeply in the next section.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>Zilliqa was founded in 2017 by computer scientist Prateek Saxena, tech entrepreneur Max Kantelia and venture capitalist Juzar Motiwalla and launched its mainnet in June 2019. Ever since then, Zilliqa has positioned itself as the blockchain of choice for large-scale distributed applications, including:<\/p>\n","innerContent":["\n<p>Zilliqa was founded in 2017 by computer scientist Prateek Saxena, tech entrepreneur Max Kantelia and venture capitalist Juzar Motiwalla and launched its mainnet in June 2019. Ever since then, Zilliqa has positioned itself as the blockchain of choice for large-scale distributed applications, including:<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/list","attrs":[],"innerBlocks":[{"blockName":"core\/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n<li>Automated high-volume auctions, like advertising exchanges<\/li>\n","innerContent":["\n<li>Automated high-volume auctions, like advertising exchanges<\/li>\n"]},{"blockName":"core\/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n<li>High-performance scientific computing, like weather simulations<\/li>\n","innerContent":["\n<li>High-performance scientific computing, like weather simulations<\/li>\n"]},{"blockName":"core\/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n<li>Applications requiring high reliability, like financial models<\/li>\n","innerContent":["\n<li>Applications requiring high reliability, like financial models<\/li>\n"]}],"innerHTML":"\n<ul class=\"wp-block-list\">\n\n\n\n<\/ul>\n","innerContent":["\n<ul class=\"wp-block-list\">",null,"\n\n",null,"\n\n",null,"<\/ul>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/heading","attrs":{"level":4},"innerBlocks":[],"innerHTML":"\n<h4 class=\"wp-block-heading\" id=\"h-zil\"><strong>ZIL<\/strong><\/h4>\n","innerContent":["\n<h4 class=\"wp-block-heading\" id=\"h-zil\"><strong>ZIL<\/strong><\/h4>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>ZIL is the native utility token of Zilliqa, which is used to execute smart contracts, pay gas fees and reward miners and stakers for securing the network.<\/p>\n","innerContent":["\n<p>ZIL is the native utility token of Zilliqa, which is used to execute smart contracts, pay gas fees and reward miners and stakers for securing the network.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>ZIL has a maximum supply of 21 billion tokens, with 12.62 billion ZIL in circulation today. The remaining 40% (8.4 billion ZIL) will be distributed to miners over the next 10 years at a decreasing rate.<\/p>\n","innerContent":["\n<p>ZIL has a maximum supply of 21 billion tokens, with 12.62 billion ZIL in circulation today. The remaining 40% (8.4 billion ZIL) will be distributed to miners over the next 10 years at a decreasing rate.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>Now let\u2019s see what\u2019s under Zilliqa\u2019s hood.<\/p>\n","innerContent":["\n<p>Now let\u2019s see what\u2019s under Zilliqa\u2019s hood.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/heading","attrs":{"level":3},"innerBlocks":[],"innerHTML":"\n<h3 class=\"wp-block-heading\" id=\"h-how-does-zilliqa-zil-work\">How does Zilliqa (ZIL) work?<\/h3>\n","innerContent":["\n<h3 class=\"wp-block-heading\" id=\"h-how-does-zilliqa-zil-work\">How does Zilliqa (ZIL) work?<\/h3>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>As mentioned above, Zilliqa\u2019s blockchain aims to solve the scalability issue with sharding. Here\u2019s how.<\/p>\n","innerContent":["\n<p>As mentioned above, Zilliqa\u2019s blockchain aims to solve the scalability issue with sharding. Here\u2019s how.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/heading","attrs":{"level":4},"innerBlocks":[],"innerHTML":"\n<h4 class=\"wp-block-heading\" id=\"h-scalability\"><strong>Scalability<\/strong><\/h4>\n","innerContent":["\n<h4 class=\"wp-block-heading\" id=\"h-scalability\"><strong>Scalability<\/strong><\/h4>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>A blockchain consists of nodes, which are devices that broadcast, verify and store transactions on the network. Zilliqa divides blockchain nodes into subgroups, called shards, each of which is responsible for processing a given batch of transactions.<\/p>\n","innerContent":["\n<p>A blockchain consists of nodes, which are devices that broadcast, verify and store transactions on the network. Zilliqa divides blockchain nodes into subgroups, called shards, each of which is responsible for processing a given batch of transactions.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>This way, transaction batches can be processed in parallel and the blockchain can achieve high throughput. And since shards process transactions in parallel, Zilliqa can theoretically increase its transaction speed by orders of magnitude as more nodes join the network. Not to mention, a higher number of transactions per second equals lower network fees.<\/p>\n","innerContent":["\n<p>This way, transaction batches can be processed in parallel and the blockchain can achieve high throughput. And since shards process transactions in parallel, Zilliqa can theoretically increase its transaction speed by orders of magnitude as more nodes join the network. Not to mention, a higher number of transactions per second equals lower network fees.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>As of 2022, the Zilliqa network produces over 40,000 blocks per month, with a total of 35 million transactions processed. All the while, this only costs $0.0011 per transaction, which is over 200x cheaper than Ethereum.<\/p>\n","innerContent":["\n<p>As of 2022, the Zilliqa network produces over 40,000 blocks per month, with a total of 35 million transactions processed. All the while, this only costs $0.0011 per transaction, which is over 200x cheaper than Ethereum.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/heading","attrs":{"level":4},"innerBlocks":[],"innerHTML":"\n<h4 class=\"wp-block-heading\" id=\"h-security\"><strong>Security<\/strong><\/h4>\n","innerContent":["\n<h4 class=\"wp-block-heading\" id=\"h-security\"><strong>Security<\/strong><\/h4>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>Zilliqa\u2019s security model is built on a few pillars: Practical Byzantine Fault Tolerance (pBFT), Proof-of-Work, elliptic-curve cryptography and their formally-verified programming language Scilla. Don\u2019t worry, I promise I won\u2019t bore you to death with too many technical details. We\u2019ll just go over the first two pillars.<\/p>\n","innerContent":["\n<p>Zilliqa\u2019s security model is built on a few pillars: Practical Byzantine Fault Tolerance (pBFT), Proof-of-Work, elliptic-curve cryptography and their formally-verified programming language Scilla. Don\u2019t worry, I promise I won\u2019t bore you to death with too many technical details. We\u2019ll just go over the first two pillars.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>Aside from shards, there is another group of nodes in the Zilliqa blockchain called Directory Service (DS) nodes. Once a shard confirms a block of transactions, then the DS nodes will double-check that shard\u2019s results and add it to the blockchain. All Practical Byzantine Fault Tolerance means is that at least two-thirds of all nodes must agree that a record is accurate in order for it to be added to the blockchain.<\/p>\n","innerContent":["\n<p>Aside from shards, there is another group of nodes in the Zilliqa blockchain called Directory Service (DS) nodes. Once a shard confirms a block of transactions, then the DS nodes will double-check that shard\u2019s results and add it to the blockchain. All Practical Byzantine Fault Tolerance means is that at least two-thirds of all nodes must agree that a record is accurate in order for it to be added to the blockchain.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>Now in Bitcoin\u2019s Proof-of-Work (PoW) system, computers (i.e. miners) use electrical power to solve mathematical puzzles that validate transactions. But Zilliqa uses PoW to assign roles (i.e. shard, DS) to each node in a way that\u2019s decentralized and spam-resistant.<\/p>\n","innerContent":["\n<p>Now in Bitcoin\u2019s Proof-of-Work (PoW) system, computers (i.e. miners) use electrical power to solve mathematical puzzles that validate transactions. But Zilliqa uses PoW to assign roles (i.e. shard, DS) to each node in a way that\u2019s decentralized and spam-resistant.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>Since Zilliqa doesn\u2019t rely on PoW to validate individual transactions like Bitcoin does, ZIL doesn\u2019t incur the same high energy costs. And with parallel processing, miners can process more blocks per epoch and earn more consistent fees.<\/p>\n","innerContent":["\n<p>Since Zilliqa doesn\u2019t rely on PoW to validate individual transactions like Bitcoin does, ZIL doesn\u2019t incur the same high energy costs. And with parallel processing, miners can process more blocks per epoch and earn more consistent fees.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/heading","attrs":{"level":4},"innerBlocks":[],"innerHTML":"\n<h4 class=\"wp-block-heading\" id=\"h-staking\"><strong>Staking<\/strong><\/h4>\n","innerContent":["\n<h4 class=\"wp-block-heading\" id=\"h-staking\"><strong>Staking<\/strong><\/h4>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>Zilliqa is one of, if not the only, major blockchain that supports both mining and staking. While staking usually plays a main role in blockchain security, for Zilliqa it\u2019s more of an add-on to incentivize users to join the network and earn up to 15.30% APR as of April 2022.<\/p>\n","innerContent":["\n<p>Zilliqa is one of, if not the only, major blockchain that supports both mining and staking. While staking usually plays a main role in blockchain security, for Zilliqa it\u2019s more of an add-on to incentivize users to join the network and earn up to 15.30% APR as of April 2022.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/heading","attrs":{"level":3},"innerBlocks":[],"innerHTML":"\n<h3 class=\"wp-block-heading\" id=\"h-is-zilliqa-zil-better-than-ethereum-eth\">Is Zilliqa (ZIL) better than Ethereum (ETH)?<\/h3>\n","innerContent":["\n<h3 class=\"wp-block-heading\" id=\"h-is-zilliqa-zil-better-than-ethereum-eth\">Is Zilliqa (ZIL) better than Ethereum (ETH)?<\/h3>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>In the past month alone, the ZIL token has pumped 425% from $0.04 to $0.21, the largest percentage gain we\u2019ve seen from large-cap cryptocurrencies in a while. All the hype was surrounding the announcement of Metapolis, a Metaverse-as-a-service (Maas) platform built on Zilliqa offering tech and infrastructure for clients to build their own metaverses.<\/p>\n","innerContent":["\n<p>In the past month alone, the ZIL token has pumped 425% from $0.04 to $0.21, the largest percentage gain we\u2019ve seen from large-cap cryptocurrencies in a while. All the hype was surrounding the announcement of Metapolis, a Metaverse-as-a-service (Maas) platform built on Zilliqa offering tech and infrastructure for clients to build their own metaverses.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>But coins can\u2019t go up forever. ZIL plummeted by 42% following the initial rally, with traders confused about exactly when Metapolis will launch and the Zilliqa team staying mum on the exact date. But assuming that the Metapolis launch is a raging success, can ZIL resume its rally and eventually become a top 10 crypto? Well, that depends on how competitive it is.<\/p>\n","innerContent":["\n<p>But coins can\u2019t go up forever. ZIL plummeted by 42% following the initial rally, with traders confused about exactly when Metapolis will launch and the Zilliqa team staying mum on the exact date. But assuming that the Metapolis launch is a raging success, can ZIL resume its rally and eventually become a top 10 crypto? Well, that depends on how competitive it is.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/heading","attrs":{"level":4},"innerBlocks":[],"innerHTML":"\n<h4 class=\"wp-block-heading\" id=\"h-competition\"><strong>Competition<\/strong><\/h4>\n","innerContent":["\n<h4 class=\"wp-block-heading\" id=\"h-competition\"><strong>Competition<\/strong><\/h4>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>Zilliqa is competing in a crowded space of general-purpose smart contract platforms like Ethereum (ETH), Solana (SOL), Avalanche (AVAX) and Polkadot (DOT). But while many of these chains attempt to scale by being a bit more centralized (Solana) or moving some of the load onto Layer 2\u2019s and sidechains (Ethereum), Zilliqa was the first blockchain to implement sharding directly on-chain while still being flexible enough to incorporate layer-2 solutions.<\/p>\n","innerContent":["\n<p>Zilliqa is competing in a crowded space of general-purpose smart contract platforms like Ethereum (ETH), Solana (SOL), Avalanche (AVAX) and Polkadot (DOT). But while many of these chains attempt to scale by being a bit more centralized (Solana) or moving some of the load onto Layer 2\u2019s and sidechains (Ethereum), Zilliqa was the first blockchain to implement sharding directly on-chain while still being flexible enough to incorporate layer-2 solutions.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>But even in that regard, Zilliqa isn\u2019t without competition. Ethereum will soon support sharding on their Beacon Chain following The Merge. And Harmony One (ONE), another sharing-based smart contract platform, was created in direct response to Zilliqa\u2019s shortcomings. Namely, the fact that machines with limited resources can\u2019t participate on Zilliqa\u2019s blockchain\u2014which hinders decentralization. Let\u2019s see how Zilliqa stacks up to three of its closest competitors: Ethereum, Solana and Harmony One.<\/p>\n","innerContent":["\n<p>But even in that regard, Zilliqa isn\u2019t without competition. Ethereum will soon support sharding on their Beacon Chain following The Merge. And Harmony One (ONE), another sharing-based smart contract platform, was created in direct response to Zilliqa\u2019s shortcomings. Namely, the fact that machines with limited resources can\u2019t participate on Zilliqa\u2019s blockchain\u2014which hinders decentralization. Let\u2019s see how Zilliqa stacks up to three of its closest competitors: Ethereum, Solana and Harmony One.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/heading","attrs":{"level":4},"innerBlocks":[],"innerHTML":"\n<h4 class=\"wp-block-heading\" id=\"h-relative-value\"><strong>Relative Value<\/strong><\/h4>\n","innerContent":["\n<h4 class=\"wp-block-heading\" id=\"h-relative-value\"><strong>Relative Value<\/strong><\/h4>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>In the following tables, we\u2019ll compare Zilliqa to competing chains across three categories:<\/p>\n","innerContent":["\n<p>In the following tables, we\u2019ll compare Zilliqa to competing chains across three categories:<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/list","attrs":[],"innerBlocks":[{"blockName":"core\/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n<li><strong>Total Value Locked (TVL):<\/strong> How many DApps are built on the blockchain, and how much value the network has been able to capture through its ecosystem<\/li>\n","innerContent":["\n<li><strong>Total Value Locked (TVL):<\/strong> How many DApps are built on the blockchain, and how much value the network has been able to capture through its ecosystem<\/li>\n"]},{"blockName":"core\/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n<li><strong>Staking:<\/strong> How decentralized the network is, how many users are willing to hold the tokens long-term for the rewards<\/li>\n","innerContent":["\n<li><strong>Staking:<\/strong> How decentralized the network is, how many users are willing to hold the tokens long-term for the rewards<\/li>\n"]},{"blockName":"core\/list-item","attrs":[],"innerBlocks":[],"innerHTML":"\n<li><strong>Usage:<\/strong> How many users actively use the blockchain and how fast transactions are<\/li>\n","innerContent":["\n<li><strong>Usage:<\/strong> How many users actively use the blockchain and how fast transactions are<\/li>\n"]}],"innerHTML":"\n<ul class=\"wp-block-list\">\n\n\n\n<\/ul>\n","innerContent":["\n<ul class=\"wp-block-list\">",null,"\n\n",null,"\n\n",null,"<\/ul>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p><strong>Total Value Locked<\/strong><\/p>\n","innerContent":["\n<p><strong>Total Value Locked<\/strong><\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/table","attrs":[],"innerBlocks":[],"innerHTML":"\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th><\/th><th>Market Cap<\/th><th>TVL<\/th><th>DApps<\/th><th>MCAP\/TVL<\/th><\/tr><\/thead><tbody><tr><td><strong>Zilliqa (ZIL)<\/strong><\/td><td>$1.6B<\/td><td>$27.29M<\/td><td>2<\/td><td>65.31498<\/td><\/tr><tr><td><strong>Ethereum (ETH)<\/strong><\/td><td>$387B<\/td><td>$121.52B<\/td><td>456<\/td><td>3.1866<\/td><\/tr><tr><td><strong>Solana (SOL)<\/strong><\/td><td>$38.1B<\/td><td>$7.46B<\/td><td>62<\/td><td>5.07469<\/td><\/tr><tr><td><strong>Harmony One (ONE)<\/strong><\/td><td>$1.6B<\/td><td>$742.99M<\/td><td>51<\/td><td>2.23622<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Source: DefiLlama, data pulled on 4\/7\/22<\/figcaption><\/figure>\n","innerContent":["\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th><\/th><th>Market Cap<\/th><th>TVL<\/th><th>DApps<\/th><th>MCAP\/TVL<\/th><\/tr><\/thead><tbody><tr><td><strong>Zilliqa (ZIL)<\/strong><\/td><td>$1.6B<\/td><td>$27.29M<\/td><td>2<\/td><td>65.31498<\/td><\/tr><tr><td><strong>Ethereum (ETH)<\/strong><\/td><td>$387B<\/td><td>$121.52B<\/td><td>456<\/td><td>3.1866<\/td><\/tr><tr><td><strong>Solana (SOL)<\/strong><\/td><td>$38.1B<\/td><td>$7.46B<\/td><td>62<\/td><td>5.07469<\/td><\/tr><tr><td><strong>Harmony One (ONE)<\/strong><\/td><td>$1.6B<\/td><td>$742.99M<\/td><td>51<\/td><td>2.23622<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Source: DefiLlama, data pulled on 4\/7\/22<\/figcaption><\/figure>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>A common way to value layer 1 blockchains is to divide their Market Cap by their TVL. According to Zilliqa\u2019s MCAP\/TVL, it is immensely overvalued compared to its competitors. Not to mention, Zilliqa has way fewer DApps actively capturing value on its chain.<\/p>\n","innerContent":["\n<p>A common way to value layer 1 blockchains is to divide their Market Cap by their TVL. According to Zilliqa\u2019s MCAP\/TVL, it is immensely overvalued compared to its competitors. Not to mention, Zilliqa has way fewer DApps actively capturing value on its chain.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>While it\u2019s understandable for mega-cap blockchains like Ethereum and Solana to have lower multiples than a large-cap blockchain, do notice that Harmony One has a lower multiple despite being about the same size as Zilliqa.<\/p>\n","innerContent":["\n<p>While it\u2019s understandable for mega-cap blockchains like Ethereum and Solana to have lower multiples than a large-cap blockchain, do notice that Harmony One has a lower multiple despite being about the same size as Zilliqa.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p><strong>Staking<\/strong><\/p>\n","innerContent":["\n<p><strong>Staking<\/strong><\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/table","attrs":[],"innerBlocks":[],"innerHTML":"\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th><\/th><th>Zilliqa (ZIL)<\/th><th>Ethereum (ETH)<\/th><th>Solana (SOL)<\/th><th>Harmony One (ONE)<\/th><\/tr><\/thead><tbody><tr><td><strong>Total Staked<\/strong><\/td><td>610M<\/td><td>34.7B<\/td><td>44.9B<\/td><td>759.8M<\/td><\/tr><tr><td><strong>APY<\/strong><\/td><td>13.87%<\/td><td>4.52%<\/td><td>6.08%<\/td><td>7.58%<\/td><\/tr><tr><td><strong>Lock-Up<\/strong><\/td><td>14 days<\/td><td>1 year+<\/td><td>5 days<\/td><td>~18 hours<\/td><\/tr><tr><td><strong>Validators<\/strong><\/td><td>16<\/td><td>335K<\/td><td>1,789<\/td><td>~290<\/td><\/tr><tr><td><strong>Participation Rate<\/strong><\/td><td>29.86%<\/td><td>8.92%<\/td><td>74.09%<\/td><td>45.2%<\/td><\/tr><tr><td><strong>Inflation<\/strong><\/td><td>5.28%<\/td><td>0.54%<\/td><td>8.85%<\/td><td>10.59%<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Source: Staking Rewards, Messari, Misc block explorers, data pulled on 4\/7\/22<\/figcaption><\/figure>\n","innerContent":["\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th><\/th><th>Zilliqa (ZIL)<\/th><th>Ethereum (ETH)<\/th><th>Solana (SOL)<\/th><th>Harmony One (ONE)<\/th><\/tr><\/thead><tbody><tr><td><strong>Total Staked<\/strong><\/td><td>610M<\/td><td>34.7B<\/td><td>44.9B<\/td><td>759.8M<\/td><\/tr><tr><td><strong>APY<\/strong><\/td><td>13.87%<\/td><td>4.52%<\/td><td>6.08%<\/td><td>7.58%<\/td><\/tr><tr><td><strong>Lock-Up<\/strong><\/td><td>14 days<\/td><td>1 year+<\/td><td>5 days<\/td><td>~18 hours<\/td><\/tr><tr><td><strong>Validators<\/strong><\/td><td>16<\/td><td>335K<\/td><td>1,789<\/td><td>~290<\/td><\/tr><tr><td><strong>Participation Rate<\/strong><\/td><td>29.86%<\/td><td>8.92%<\/td><td>74.09%<\/td><td>45.2%<\/td><\/tr><tr><td><strong>Inflation<\/strong><\/td><td>5.28%<\/td><td>0.54%<\/td><td>8.85%<\/td><td>10.59%<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Source: Staking Rewards, Messari, Misc block explorers, data pulled on 4\/7\/22<\/figcaption><\/figure>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>For starters, ZIL inflation is slightly high. But SOL and ONE holders have it worse. And while ZIL\u2019s staking participation rate is also a bit low, I imagine this might have something to do with its dual mining-staking model.<\/p>\n","innerContent":["\n<p>For starters, ZIL inflation is slightly high. But SOL and ONE holders have it worse. And while ZIL\u2019s staking participation rate is also a bit low, I imagine this might have something to do with its dual mining-staking model.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>ZIL's APY is on the higher end of rewards rates offered by major blockchains though. The only catch is, ZIL holders have to lock up their tokens for about 14 days to start earning staking rewards. But for long-term holders, that is a non-issue.<\/p>\n","innerContent":["\n<p>ZIL's APY is on the higher end of rewards rates offered by major blockchains though. The only catch is, ZIL holders have to lock up their tokens for about 14 days to start earning staking rewards. But for long-term holders, that is a non-issue.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>The major red flag I see with ZIL staking, however, is the fact that they only have 16 validators. Despite supporting staking for years now, ZIL remains extremely centralized in this area.<\/p>\n","innerContent":["\n<p>The major red flag I see with ZIL staking, however, is the fact that they only have 16 validators. Despite supporting staking for years now, ZIL remains extremely centralized in this area.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p><strong>Usage<\/strong><\/p>\n","innerContent":["\n<p><strong>Usage<\/strong><\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/table","attrs":[],"innerBlocks":[],"innerHTML":"\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th><\/th><th>24h Active Addresses<\/th><th>Total Addresses<\/th><th>Activity Rate<\/th><th>TPS<\/th><\/tr><\/thead><tbody><tr><td><strong>Zilliqa (ZIL)<\/strong><\/td><td>17K<\/td><td>3M<\/td><td>0.56%<\/td><td>0.51<\/td><\/tr><tr><td><strong>Ethereum (ETH)<\/strong><\/td><td>553K<\/td><td>78M<\/td><td>0.7%<\/td><td>14.4<\/td><\/tr><tr><td><strong>Solana (SOL)<\/strong><\/td><td>296K<\/td><td>N\/A<\/td><td>N\/A<\/td><td>1,800<\/td><\/tr><tr><td><strong>Harmony One (ONE)<\/strong><\/td><td>55K<\/td><td>N\/A<\/td><td>N\/A<\/td><td>N\/A<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Source: Misc block explorers, data pulled on 4\/7\/22<\/figcaption><\/figure>\n","innerContent":["\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th><\/th><th>24h Active Addresses<\/th><th>Total Addresses<\/th><th>Activity Rate<\/th><th>TPS<\/th><\/tr><\/thead><tbody><tr><td><strong>Zilliqa (ZIL)<\/strong><\/td><td>17K<\/td><td>3M<\/td><td>0.56%<\/td><td>0.51<\/td><\/tr><tr><td><strong>Ethereum (ETH)<\/strong><\/td><td>553K<\/td><td>78M<\/td><td>0.7%<\/td><td>14.4<\/td><\/tr><tr><td><strong>Solana (SOL)<\/strong><\/td><td>296K<\/td><td>N\/A<\/td><td>N\/A<\/td><td>1,800<\/td><\/tr><tr><td><strong>Harmony One (ONE)<\/strong><\/td><td>55K<\/td><td>N\/A<\/td><td>N\/A<\/td><td>N\/A<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Source: Misc block explorers, data pulled on 4\/7\/22<\/figcaption><\/figure>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>As you can see, not every chain provided enough data to do a full usage comparison. So we\u2019ll focus on what we do know. For one, ZIL\u2019s 24-hour active addresses are on the lower end. And this is coming off a high of 40K 24 hour active addresses after the Metapolis announcement. Besides this, ZIL\u2019s TPS is shockingly low. The Zilliqa white paper promised transaction speeds in the thousands, but I suppose the project hasn\u2019t been able to reach its full potential yet.<\/p>\n","innerContent":["\n<p>As you can see, not every chain provided enough data to do a full usage comparison. So we\u2019ll focus on what we do know. For one, ZIL\u2019s 24-hour active addresses are on the lower end. And this is coming off a high of 40K 24 hour active addresses after the Metapolis announcement. Besides this, ZIL\u2019s TPS is shockingly low. The Zilliqa white paper promised transaction speeds in the thousands, but I suppose the project hasn\u2019t been able to reach its full potential yet.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/heading","attrs":{"level":3},"innerBlocks":[],"innerHTML":"\n<h3 class=\"wp-block-heading\" id=\"h-can-zilliqa-zil-reach-1\">Can Zilliqa (ZIL) reach $1?<\/h3>\n","innerContent":["\n<h3 class=\"wp-block-heading\" id=\"h-can-zilliqa-zil-reach-1\">Can Zilliqa (ZIL) reach $1?<\/h3>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>On the surface Zilliqa appears to be overvalued compared to its peers, with lower TVL, DApps and Active Addresses while being centralized in regards to staking. But this doesn\u2019t necessarily mean the coin won\u2019t pump going forward.<\/p>\n","innerContent":["\n<p>On the surface Zilliqa appears to be overvalued compared to its peers, with lower TVL, DApps and Active Addresses while being centralized in regards to staking. But this doesn\u2019t necessarily mean the coin won\u2019t pump going forward.<\/p>\n"]},{"blockName":null,"attrs":[],"innerBlocks":[],"innerHTML":"\n\n","innerContent":["\n\n"]},{"blockName":"core\/paragraph","attrs":[],"innerBlocks":[],"innerHTML":"\n<p>If they continue to offer attractive staking yields, work on increasing transaction speeds and deliver on the Metapolis project, it\u2019s not impossible for this coin to trade higher with an upper limit of $10 billion in market cap or ~$1 per ZIL. But that\u2019s a big if.<\/p>\n","innerContent":["\n<p>If they continue to offer attractive staking yields, work on increasing transaction speeds and deliver on the Metapolis project, it\u2019s not impossible for this coin to trade higher with an upper limit of $10 billion in market cap or ~$1 per ZIL. But that\u2019s a big if.<\/p>\n"]}],"_links":{"self":[{"href":"https:\/\/moneymade.io\/learn\/wp-json\/wp\/v2\/posts\/2373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneymade.io\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneymade.io\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneymade.io\/learn\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/moneymade.io\/learn\/wp-json\/wp\/v2\/comments?post=2373"}],"version-history":[{"count":0,"href":"https:\/\/moneymade.io\/learn\/wp-json\/wp\/v2\/posts\/2373\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneymade.io\/learn\/wp-json\/wp\/v2\/media\/2374"}],"wp:attachment":[{"href":"https:\/\/moneymade.io\/learn\/wp-json\/wp\/v2\/media?parent=2373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneymade.io\/learn\/wp-json\/wp\/v2\/categories?post=2373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneymade.io\/learn\/wp-json\/wp\/v2\/tags?post=2373"},{"taxonomy":"post_authors","embeddable":true,"href":"https:\/\/moneymade.io\/learn\/wp-json\/wp\/v2\/post_authors?post=2373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}