Cryptocurrency Q&A
What network does Zilliqa use?
What network does Zilliqa use?
EthereumLegend
Sun Jun 30 2024
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5 answers
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Could you please elaborate on the network architecture employed by Zilliqa? As a leading cryptocurrency practitioner, I'm particularly interested in understanding the underlying technology that powers this platform. I've heard about its scalability claims, and I'm wondering if its network design is what truly enables it to achieve such high transaction throughput. Could you provide a concise yet comprehensive description of the network Zilliqa utilizes, highlighting its key features and how they contribute to its overall performance?
5 answers
DigitalDragonfly
Tue Jul 02 2024
Zilliqa stands as an ERC-20 compliant blockchain, prioritizing high transaction throughput.
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SoulWhisper
Mon Jul 01 2024
This blockchain boasts an impressive capacity, currently capable of handling 2,828 transactions per second.
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CryptoBaroness
Mon Jul 01 2024
The ZIL token serves as the utility token of the Zilliqa network, fulfilling crucial roles within the ecosystem.
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SamuraiWarrior
Mon Jul 01 2024
Holders of ZIL can utilize the token to pay for transaction processing fees, ensuring smooth and efficient transactions on the blockchain.
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GwanghwamunPride
Mon Jul 01 2024
Additionally, ZIL enables the execution of smart contracts on the Zilliqa platform, further expanding its functionality and use cases.
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