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TürkçeZilliqa Information
Zilliqa is a blockchain platform designed to enhance scalability and security, making it an appealing choice for developers looking to build decentralized applications. Its unique sharding technology allows for efficient handling of high throughput, which is crucial for accommodating growing transaction volumes. With a strong focus on fostering strategic partnerships, Zilliqa continues to expand its ecosystem and drive innovation within the crypto space.
Understanding Zilliqa: A Robust Blockchain Project
Zilliqa (ZIL) is a blockchain platform known for its unique approach to scalability. Launched in 2017, the project aimed to address the scalability issues faced by earlier blockchains. By implementing sharding technology, Zilliqa processes multiple transactions simultaneously, thereby enhancing throughput and maintaining low fees. This article explores the pros and cons of Zilliqa, its historic price movements, and future projections.
The Advantages of Zilliqa
One of the main advantages of Zilliqa is its scalability. Zilliqa was one of the first blockchain projects to implement sharding, which divides the network into smaller parts, or shards, allowing it to process transactions in parallel. This results in considerable improvements in transaction speed and efficiency.
Another benefit of Zilliqa is its strong research and academic foundation. The project evolved from academic proposals and includes contributions from scholars. This academic connection provides the project with a robust theoretical and engineering base.
Zilliqa also supports smart contracts, employing its Scilla programming language designed to enhance security and reduce vulnerabilities which, if not addressed, can lead to hefty losses or malicious attacks on dApps.
The Drawbacks of Zilliqa
Despite its advantages, Zilliqa faces several challenges. Competition in the blockchain space is fierce, with several projects targeting similar scalability problems. Ethereum 2.0, Polkadot, and Avalanche are notable competitors that also employ unique solutions to enhance scalability.
Furthermore, Zilliqa's price volatility is a concern for investors. The token's value reached an all-time high of $0.255376 in May 2021 but has since faced a significant decline down to its current price of approximately $0.014, a reduction of over 94%. Such volatility can be off-putting for risk-averse investors.
Historical Performance and Market Dynamics
Zilliqa saw major price movements during the crypto boom of 2021, reflecting the bullish sentiment across the market. However, like many altcoins, its price plummeted as the overall crypto market contracted. The coin hit its lowest price ever of $0.00239616 in March 2020, demonstrating both its potential for rapid appreciation and significant risk.
As of the last update, Zilliqa's market cap stands at approximately $271 million, making it a mid-cap cryptocurrency that still piques investor interest, albeit with inherent risks.
Future Outlook and Potential
Looking ahead, Zilliqa's focus on scalability and high-throughput solutions positions it well to seize opportunities in high-demand markets such as decentralized finance (DeFi) and NFTs. Its sharding technology could be a significant competitive advantage as the need for scalable, fast transactions in these markets grows.
Moreover, partnerships and ecosystem development could further propel its utility and adoption. Continued collaboration with enterprises, academic institutions, and the developer community might lead to sustained growth.
However, prospective investors should weigh the potential rewards against market risks and volatility. Staying informed about technological developments, partnerships, and macroeconomic factors affecting the broader crypto landscape will be crucial for making informed investment decisions.
Conclusion
Zilliqa is a notable player in the blockchain space, thanks largely to its pioneering sharding technology aimed at solving scalability issues. While it faces stiff competition and market volatility, its potential in powering scalable solutions in the blockchain realm cannot be overlooked. Investors should tread carefully, as is the case with any volatile investment, and keep abreast of both technological progressions and market trends.
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General Information |
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Title
Zilliqa
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Symbol
zil
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Whitepaper
-
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Website
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Community
-
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Last Updated
2025-01-21 23:51
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Price Data |
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Current Price $
0.02046225
$
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High 24h
0.02103758
$
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Low 24h
0.01914254
$
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Price Change 24h
0.00065274
$
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Price Change % 24h
3.29507
%
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Market Data |
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Market Cap
397639138
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Total Volume
37960751
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Market Cap Change 24h
12765236
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Market Cap Change % 24h
3.31673
%
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Return on Investment (ROI)
-27.235709586619
%
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Supply and Availability |
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Circulating Supply
19433068466.039
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Total Supply
20119023891.749
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Max Supply
21000000000
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Historical Data |
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All Time High (ATH)
0.255376
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ATH Change %
-91.94525
%
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ATH Date
2021-05-06 17:33
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All Time Low (ATL)
0.00239616
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ATL Change %
758.45202
%
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ATL Date
2020-03-13 02:22
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