The core team itself (outside the co-founders) has many decent names with strong background. Everybody has the same copy of the ledger. Sometimes having better technology alone is not enough. And this was the exact problem with Bitcoin and Ethereum. Even if you truly believe in Zilliqa’s future, it’s possible that ZIL price will still go down when BTC itself goes down. Privacy Policy Zilliqa – as a smart contract platform – is in a highly competitive market with the likes of Ethereum, NEO, and EOS as key competitors. Just like Ethereum and its Solidity, many mainstream developers might not want to spend their time to learn Scilla. The big achievement for zilliqa in 2020 should be crossing $0.01 mark, as that can takes more than 8 months because execution of Ethereum 2.0 is in Q1 2021, so hopefully in 2021 Zilliqa will show strong growth in prices. Each of these shards will have to process one-sixth of the blockchain transactions in the form of “microblocks”. Be careful, these are not a financial advice :). There is a chance that somewhere in the future, most crypto enthusiasts will just forget about Zilliqa and move on to the next project that will also promise the same thing (about solving scalability issues). Many people said that Zilliqa should have adopted more mainstream programming languages to attract all these developers. The “trust” is decentralized to hundreds or even thousands of different nodes. ETH is a huge player in the cryptocurrency space, and trying to beat them out is a tall order. Overall, investing in ZIL is not a bad idea. When Bitcoin price dumps, the entire market goes down. When there are hundreds or thousands of participants, it will be harder. However, it is not the only project that tries to solve this exact problem. So, how does Zilliqa work, and is it worth it to invest in Zilliqa’s native cryptocurrency (ZIL) in the long-term? Register now at Publish0x to claim your $$$. Buy Crypto via Changelly Tap to unmute. Zilliqa might work towards increasing more transactions per second and might even give competition to the major cryptocurrencies. Stuart Butler. Share on … A solid network is supported by an active community and strong partnerships. Zilliqa is a smart contract platform that seeks to solve the industry’s scalability problem with a high speed and enterprise-ready blockchain platform. It seems that they are ticking all the right boxes for success, and I'm pretty bullish on this token. Zilliqa are creeping in to everyday use wherever possible. The last co-founder is Xinshu Dong, but his profile cannot be found on the Zilliqa team page. When there are 1800 nodes, we get three shards. This has attracted the attention of many investors including myself. From my analysis, the Zilliqa team is highly commendable. What Is Zilliqa? That makes this little coin a valuable investment prospect for the very near future. Advisor Stuart Prior is a Fintech veteran with 20+ years experience in investment banking. Up Next. So, when it comes to investing in a cryptocurrency, it’s not enough to know about the project’s technology. Hopefully, in two years time, the overall trajectory of crypto will be on the upswing, with projects such as Zilliqa seeing market cap stabilization and increases in value. So, we have learned about all the essential things regarding Zilliqa. That being said, the blockchain or distributed ledger technology (DLT) introduced one big problem in the industry itself. Zilliqa will be among the top candidates to record big gains, as the money usually flows from bitcoin profits to bluechip altcoins and big cap coins before trickling down to … When Bitcoin price pumps, the entire market goes up. The other co-founder, Max Kantelia, is the CEO of Anquan, part of the board at Aqilliz, and Chairman of the board at Anqlave. View Reddit by BluntMFer – View Source The post Zilliqa And Zilswap Still A Good Investment? To give you an idea of how it is going to work, I will give you an example. It is Scalable, Secure, Decentralized, Fast and Low-Cost. The big achievement for zilliqa in 2020 should be crossing $0.01 mark, as that can takes more than 8 months because execution of Ethereum 2.0 is in Q1 2021, so hopefully in 2021 Zilliqa will show strong growth in prices. - Zilliqa alliance with Poly Network Bridge - Benefits of the Poly Network Bridge - Launch of the Pillar Protocol - How Pillar Protocol allows leveraging of existing assets - Why Zilliqa is a good long-term investment. Unfortunately, not. Zilliqa investment analysis. This means that an investment in Zilliqa would be a high-risk holding in your portfolio as many of its competitors are already several steps ahead regarding building a community, attracting developers, and building partnerships with corporations. ZIL is the first cryptocurrency to introduce sharding. While many investors thought Ethereum was immune to the transaction clogging issues of Bitcoin they soon found out they were wrong after the Crypto Kitties fiasco. The problem with this consensus algorithm is that it basically sacrifices a certain amount of decentralization. Zilliqa 24h Change Rank: 54/100, How many users are following this coin? Yes, according to our forecasts, the Zilliqa price is going to increase. Meanwhile, the Bollinger Bands (BB) show extreme volatility during this period. In that scenario, ZIL price will also go up significantly. By Zilliqa Zebra, a grazing investor and an ardent supporter of the Zilliqa initiative. appeared first on BTCMANAGER. Zilliqa User Voting Rank: 99/100. Unfortunately, the blockchain industry is pretty unpredictable. And of course, they don’t want a simple fix like using DPoS consensus and ignore the core of the scalability problem itself. It’s definitely a decent idea. In June 2017, he co-founded Zilliqa and now becomes an integral part of the team. Login to get access to our platform's unique features: Sign up to get access to our platform's unique features: Please provide your credentials, and temporary password will be sent to your e-mail that you registered with. In the above table we put average price for specific month, so expected time, where Zilliqa will reach $0.05 USD is Q2 2021. Now the Zilliqa price is $0.1519730, but by the end of 2021, the average Zilliqa price is expected to be $0.1963453. The biggest risk in Zilliqa’s future is its competition trying to solve the exact same problem and use-case. Zilliqa Market Cap Rank: 99/100, Is the price moving up or down? The team looks capable of achieving their promises, and their achievements would be important for the entirety of the blockchain space. They can be voted in or voted out depends on the community’s trust in them. Zilliqa Review: High Performance Sharding Based Blockchain. Zilliqa Social Following Rank: 97/100, How many users are searching for the coin? But, imagine if the same agreement has to be made among hundreds of people. Overall, investing in ZIL is not a bad idea. Prior to his time with Zilliqa, he used to be the Trading Development Programme at BP. After all, more often than not, we invest in one specific altcoin because we believe it can be used for more mainstream purposes in the future. 4 minute read, 12 hours ago Cryptocurrency investing is also about having faith in the core team’s ability to deliver their promises. In the world of crypto, there’s one big external factor that can decide the entire fate of altcoins. Well, ZIL’s use case in the Zilliqa blockchain is more or less the same as how ETH is being used in the Ethereum network. Shopping. Blockchain world has been struggling to keep up with scalability solutions for a long time. By utilizing something called "sharding" their performance aims to scale with the growth of the network, a serious pain point for cryptocurrency after its massive growth spurt. Comparing Zilliqa’s market cap of 763.488.410 USD with similar projects, you should get a good idea of where ZIL belongs. However, always trade with caution, as there are several risks involved, as I have written above. The analogy is like when you are with four family members VS if you are with hundreds of other people. With this, we can answer the question “is Zilliqa a good investment in 2021?” with a “YES”. Each shard will have to process a certain part of the blockchain transactions. Maybe not. All cryptocurrency profit forecasts provided on the website are predicted based on the data obtained from the analysis algorithm and are published for informational purposes only. This breaking down process is called “sharding.” So, when there are 1200 nodes, we get two shards. However, some other analysts predict that Bitcoin price will actually go down because the community’s reaction to halving event was already “priced in” earlier this year when BTC went up from below $4000 to above $12000. After all, we invest in the token, isn’t it? Many people say that Bitcoin price will go up significantly in 2020 following the Bitcoin mining reward halving event somewhere in the middle of the year. Home Learn Australia Is Choosing to Invest in Zilliqa (ZIL) A Good Choice? If you are looking for virtual currencies with good return, ZIL can be a profitable investment option. Their platform also supports Dapps, and they have a proposed fairer mining algorithm in place for miners that will allow individuals to make more money for verifying network transactions. He currently works on corporate banking initiatives for the adoption of blockchain technology. appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Zilliqa is a cryptocurrency project designed to scale securely in a permissionless and open distributed network. Imagine when there are six shards in total. The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months. Wait! Are you leaving? In conclusion, I think that Zilliqa is a good investment. On top of that, the ZIL coin also acts as an incentive to pay the miners. The post Zilliqa Price Prediction: How High Will ZIL Price Reach in 2021? Zilliqa has been gaining media traction all over the world and they are ranked no.1 altcoin constantly on Lunarcrush. Zilliqa Markets Rank: 19/100, How actively is this asset being traded on the market? Zilliqa price equal to 0.155 USD at 2021-03-11. However, unlike many tokens where you are buying the possibility of a "product", this asset is working right now. You can buy Zilliqa on several top-level exchanges, but it is notably missing from a few big players which can hurt the overall trading volume of the coin. The President & Chief Scientific Officer of Zilliqa is Amrit Kumar. He was also the Chief Technology Officer (CTO) of Zilliqa until August 2019. During the peak popularity of cryptocurrencies (late 2017 to early 2018), both Bitcoin and Ethereum networks were often clogged due to the huge amount of transactions at the time. These are the biggest cryptocurrency enthusiasts, and if ZIL is going to compensate them better for their work then they will switch to mining their token instead. In the first quarter of 2018, the Zilliqa team managed to collect $22 million from its initial coin offering. The most popular blockchain networks, Bitcoin and Ethereum, have been accused of being “slow” and not scalable enough to support mainstream financial transactions and applications. It will help to get a grasp of what’s going on in the Crypto Market right now, adjust the trading strategy accordingly, make calculated Get FREE CRYPTO Just for Tipping this Article. Another potential problem is Zilliqa’s policy to use its own programming language that is called Scilla. This site is protected by reCAPTCHA and the Google That also leaves some wondering if and when ETH fixes their issues, what will be the value of Zilliqa? This can include web wallets like My Ether Wallet or mobile wallets such as Coinomi, which I prefer to use for my assets. It's no secret that their target is Ethereum. His various experience with multiple successful projects is an enormous contribution to the team. We also need to know what is the token is being used for. With DPoS, they use the concept of limited representatives, where the community has to put their trust on these representatives (and they do it by staking the coins or tokens). 4 minute read, 23 hours ago Always seek the help of a trusted financial advisor before committing to any investment and never invest money you cannot afford to lose. And so on. The same guy was also responsible for design engineering at Dyson. So, in order for a node to prove its identity in the Zilliqa blockchain, it has to use Proof of Work. Zilliqa is a blockchain designed to solve the scalability problems presented in other chains. Zilliqa is a public, permissionless blockchain. In the not-so-distant future, when Zilliqa will have millions of nodes, the assigned shards might encounter issues due to the increasing amount of microblocks as well. As everybody knows, the biggest problem with our traditional monetary system is that everything is simply too centralized in the hands of the few. It serves as an alternative and scalable solution for decentralized applications. Zilliqa has an impressive team of developers and advisors from many important sectors such as technology and finance, and they are also constantly working on growing their reach through social media with contests and community involvement. 3 minute read. He used to work for the National University of Singapore as Research Fellow. He also spent four months at the University of Calgary. This information should not be used for any financial decisions. One of the biggest challenges for blockchains right now, if not the biggest challenge, is scalability, or the ability to process more transactions in a shorter period of time. The project was co-founded by Amrit Kumar, Max Kantelia, Yaoqi Jia, and Xinshu Dong. He is responsible for Growth and Strategy. Cryptocurrency Blockchain Zilliqa (ZIL) Scalability Shard. So, how about Zilliqa’s native cryptocurrency, ZIL coin? This coin is a good investment through 2020 — as it is still low cost — but expected to continue to gain in the future. Share. Zilliqa ICO Strengths and Opportunities However, if Ethereum does not fix their scaling issues it's possible! This chain is also more energy efficient which is not only a concern for many worried about the environment, but it's also a miner's biggest worry because it's also their biggest expense that significantly cuts into their profit. It only takes 15 seconds and it's free. Those looking to invest in ZIL must ask themselves whether or not this token has the chops to play with the big boys. Australia, Cryptocurrencies, Guides, Investment • August 13, 2020. Using its own unique sharding technology, Zilliqa believes it can finally solve the scalability problem that has prevented many mainstream or traditional companies from testing the water with blockchain technology. It will be easy to achieve an agreement with your family members, isn’t it? We can predict the price of ZIL both in the short term and long term, but expectations need to be reasonable for each. If they succeed, your Zilliqa investment could be a valuable one. In the above table we put average price for specific month, so expected time, where Zilliqa will reach $0.05 USD is Q2 2021. and Terms of Service apply. This solution sounds great, although, in practice, it can encounter some potential issues. The core team of Zilliqa understood this exact problem with blockchain scalability. So, how about the Zilliqa core team? And this is where things get tricky. Zilliqa is hailed to be a good investment by those who are looking to diversify their portfolio by holding tokens from several blockchains. Another important figure is Arthur Cheong, the Vice President of Zilliqa. ZIL is not a good idea for playing on shorts or getting 200%+ ROI. Thus, Zilliqa would be a good investment for a patient, long-term traders. When all of these shards have successfully finished their jobs in processing these microblocks, they will be mixed back into one single full block. At Walletinvestor.com we predict future values with technical analysis for wide selection of digital coins like Zilliqa. Please enter the e-mail that you registered your account with, and we will send your username to that address. Either way, it’s quite important to pay attention to Bitcoin price. This is a technology that splits the network into several smaller networks. As this is an ERC20 token you can use pretty much any compatible Ethereum wallet to store them as most of these allow for "Ethereum assets" to be stored as well. In our opinion, ZIL is a top 10 project, maybe even a top 5 project that has the potential to overtake some of the other projects listed in terms of market cap even this year. Since 2017, there have been many crypto startups created just to solve this scalability problem. DigitalFlyer - Introducing the Revolutionary Community Business Token. | That means that it can potentially support a popular game such as Crypto Kitties better than the eth network can. It can restore the price level of 2018 not earlier than by the middle of 2020. This process is named DS epoch. By using the Practical Byzantine Fault Tolerance (PBFT) consensus mechanism as well as utilizing its unique sharding technique, Zilliqa created a highly scalable blockchain platform that features a Transactions Per … Then, we have Han Wen Chua, who used to be the Design Engineer at ST Engineering. It’s definitely a decent idea. Which is surprisingly rare in cryptocurrency. The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit. The same with blockchain technology. Zilliqa Volume Ratio Rank: 23/100, The total cost of all coins available. Zilliqa is a blockchain designed to solve the scalability problems presented in other chains. The bigger the network is, the harder it is to achieve consensus. This strategy effectively unclogs the main network to allow many more transactions to be processed per second in parallel. It will be hugely affected by the Bitcoin market trend. We have something special to offer! With the technology of blockchain, we can remove that need for trust. Zilliqa has a competent team, and it is trying to solve one of the biggest issues in the blockchain industry, which is about scalability. While many investors thought Ethereum was immune to the transaction clogging issues of Bitcoin they soon found out they were wrong after the Crypto Kitties fiasco. The concept of Zilliqa’s sharding is to break down the nodes every 600 nodes. The third co-founder is Yaoqi Jia, who is the Head of Engineering at Parity Technologies, and a Research Fellow at the National University of Singapore. They have solved the problem of scaling with sharding and they have literally no competitors at the moment. Investments However, as long as Zilliqa is not as mainstream as it wants to be, this “millions of nodes” problem is still far from reality. Zilliqa’s idea is to use sharding technology. Zilliqa’s testnet already match’s Visa’s transaction speeds, beating legacy blockchains like Bitcoin and Ethereum. But, when the same node enters a sharding process, it will use BFT consensus. The large circulating supply is my only peeve with this asset as it makes it hard to gain price traction. Ethereum, especially, got much slower (and its transaction fees got much higher) when CryptoKittes became extremely popular. Zilliqa Capital Pte. When there are only 5-6 nodes, it will be easier and faster to confirm something. He also spent four months as Crypto Trading Strategist at JST Capital. Almost all newer gen of blockchain platforms promise the same thing. That’s why it’s called “decentralization,” so no one centralized power can just say something, and everybody else is forced to believe it. Still, Zilliqa is a strong blockchain contender for several key reasons. This means that an investment in Zilliqa would be a high-risk holding in your portfolio as many of its competitors are already several steps ahead regarding building a community, attracting developers, and building partnerships with corporations. Well, the Zilliqa team is based in Singapore, one of the most blockchain-friendly capitals in Asia.