Zilliqa

Halal Rating :
Comfortable
Last Price $0.022 Last updated:
Rank 169
1D Change 0.28 %
Market Cap $420.4m
Circulating supply 19,424,518,849
Maximum supply 21,000,000,000
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Mineable
  • Platform
  • Payments
  • Smart Contracts
  • Polychain Capital Portfolio
  • Metaverse
  • Kenetic Capital Portfolio
  • Zilliqa Ecosystem
  • BNB Chain Ecosystem

Purpose and Utility

Zilliqa is a layer-1 blockchain platform designed to address scalability through sharding technology. It aims to enable high-throughput applications while maintaining decentralization and security. The ZIL token serves multiple purposes: paying transaction fees, staking for network security, and governance participation.

Platform Features and Development

The network supports smart contracts written in Scilla, a security-focused programming language. Current use cases include decentralized applications (dApps), NFT marketplaces, and Web3 gaming. Zilliqa has implemented phased sharding, allowing theoretical throughput of over 2,800 transactions per second.

Real World Adoption

Zilliqa has established partnerships in various sectors including gaming, metaverse projects, and digital advertising. Notable developments include Metapolis, a metaverse-as-a-service platform, and collaborations with esports organizations. The ecosystem includes DEXes like ZilSwap and NFT marketplaces.

Token Distribution and Governance

The initial token distribution allocated 30% to the mining rewards, 40% to the team and early contributors (with vesting schedules), and 30% to the ecosystem. The project maintains transparent communication about development progress through regular updates and community governance.

Revenue Model and Operations

The platform generates revenue through transaction fees, which are distributed to validators and stakers. The staking mechanism is based on Proof-of-Stake principles, where token holders can participate in network security without interest-based returns.

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”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

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