As a result of a long R&D work, Zilliqa has developed a technology that can be a solution to the scalability problem in the Ethereum network. Zilliqa is the first blockchain in the world to use sharding. Thanks to sharding, Zilliqa can divide the block size into smaller chunks and process thousands of transactions per second. With the addition of more miners to the system, it will also increase its current speed.
The platform promises a preferable future as it has smart contract features. The project aims to help blockchain developers focus on their own ideas and goals by eliminating network density and scalability issues.
ZIL is up 10.56% in the last 24 hours. Zilliqa’s planned v9.2.0 mainnet upgrade, which began from the block number 2,994,688, is currently underway. The Zilliqa team said that they will provide prompt updates on the completion of the upgrade process. This development may have been instrumental in the rise of ZIL.
