Zilliqa
Crypto Overview
Overview and Intended Utility
Zilliqa is a layer-1 blockchain platform launched in 2019, designed to address scalability through sharding technology. The platform aims to enable high-throughput applications with its native ZIL token serving as the primary medium for transaction fees, smart contract execution, and network security through staking.
Business Model Analysis
Zilliqa's core business model revolves around providing a scalable blockchain infrastructure for decentralized applications (dApps), focusing on gaming, NFTs, and Web3 applications. The platform uses a dual mining consensus mechanism combining Proof-of-Work (PoW) and practical Byzantine Fault Tolerance (pBFT), which aligns with Islamic principles as it involves actual work and value creation.
Real-World Adoption
Current usage metrics show moderate adoption, with the network processing an average of 10-15k daily transactions. The ecosystem includes several operational dApps, notably in DeFi and gaming sectors. The platform has established partnerships with gaming companies and educational institutions, demonstrating legitimate business development rather than pure speculation.
Token Distribution and Governance
Initial token distribution allocated 30% to the team and early investors with multi-year vesting schedules. Current data shows a relatively well-distributed token supply, with no single entity holding a concerning concentration. The team has consistently delivered on technological developments, with regular github commits and protocol upgrades.
Revenue Model Analysis
The platform generates revenue through transaction fees and platform usage, which are distributed to validators and stakers. While staking is implemented, it functions as a network security mechanism rather than an interest-bearing system, making it generally acceptable from an Islamic finance perspective.
Crypto Impact
To assign a comfort level investing in Zilliqa from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Zilliqa.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
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Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
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