Friday, June 21, 2024

Growing Every Second – Zilliqa Completes its 4 Million Transactions

Blockchain platforms have paved the way for a more secure and scalable transaction. While its complete mainstream adaption is still far away, over the years, people have begun to show their trust in blockchain platforms significantly.

Businesses are always on the lookout for a safer approach to carry out their business, and this technology perfectly caters to their objectives.

Presently, there are many exceptional blockchain platforms out there, and one such powerful and the esteemed platform is Zilliqa. This is one of the thriving blockchain platforms out there that has been gaining a lot of traction, especially after its recent achievements.

4 Million Transaction – Treading Towards Growth

The current pandemic situation has accelerated the growth of digitalization across the world. People understand the potentials of blockchain and how it can help in making your transaction more streamlined and secure. The growing transaction numbers at Zilliqa is constructive evidence that shows the growing adoption of cryptocurrency across the world.

Two months before the total count of transactions of the platform was accounted at 3 million. And, within two months, this robust blockchain ecosystem has managed to execute 1 million transactions, making its total transactions stand at 4 million. In these challenging times, where we depend on digital medium greatly to perform various functions, Zilliqa has emerged as a reliable platform for users.

The company had its mainnet launch on January 31st, 2019, and it has been striving since then. The platform is integrated with all the right features and technologies that address the challenges of the conventional transactions approach and provide a more efficient and streamlined solution. With strong support from the investors and the public, the platform is now aiming to hit 5 million transactions soon.

Zilliqa – A Robust and Futuristic Application

Scalability is among the most prominent challenges that the blockchain realm deals with. Many leading platforms are still brainstorming as well as testing various scaling solutions. There are gamut of new projects standing at varying levels of development in order to provide higher scalability in transactions

Zilliqa is one such thriving platform that touts itself as a “next-gen highly efficient blockchain platform,” Zilliqa harnesses the potentials of sharding for scaling thousands of transactions per second.

It is a Singapore-based blockchain platform that is designed by a credible team of engineers, academics, and entrepreneurs. The mainnet was launched in January 2019, making it the first blockchain platform to use sharding as a scaling solution successfully.

It allows blockchain scalability in a linear manner in order to efficiently cater to the requirements of growing miners and applications. Moreover, the platform is powered by Scilla, which is a peer-review as well as safe-by-design smart contract language. By leveraging functional programming design principles, the platform enables it to more flexible in static check as well as formal authentication. Moreover, the consensus mechanism of Zilliqa makes sure that the ecological footprint from mining is significantly reduced.

Must Read: Matic Network Guide 2020 – Where to Buy, Wallets, Price Prediction

By addressing the core concern of blockchain platforms, Zilliqa is extending a more efficient and reliable solution to the users. With digitalization at its peak, such scaling solutions are proving to be highly beneficial for the enterprises and individuals. In the coming times, we can expect more prolific results from this striving platform.

Monesh Kumar
Monesh Kumar
Monesh Kumar is a cryptocurrency and blockchain enthusiast. He trades cryptocurrencies and holds some but he prefers holding Bitcoin, Ethereum & Cardano.

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