Zilliqa is one of the fastest-growing Cryptocurrencies in the market with real team and real uses cases to attend with. Zilliqa is ERC-20 token that has raised nearly $22 Million in Initial Coin Offering in 2018 and then it got separated from Ethereum, by having its own mainnet. Read this article to know more about $Zil and how to earn Zilliqa
What is unique about Zilliqa ?
Zilliqa is one of the first to implement “Sharding” in which a blockchain network and Data are further split into smaller components called Shards. Since the data is further divided in to micro block, which enables validators in the network to process the transactions in a faster way.
Zilliqa offers high Throughput, performance and scalability of transactions on its network.
Higher the nodes in the network, higher will be transaction processing speed.
How to earn Zilliqa?
Though Zilliqa supports staking, the consensus used here is Proof-of-Work. Unlike other major players like BTC, ETH, ZCASH, etc., which require specialized Hardware(ASIC Miners forming Mining Rigs), Zil follows a very eco-friendly approach for mining i.e., it mines for 1 minute for every 1 to 2 hours and users will be rewarded for valid signatures submitted. (Earnings would below)
How to Stake Zilliqa?
Zilliqa offers to stake for Zil holders to earn returns for holding the tokens. It offers as much as 15% percent staking returns. One would require a minimum of 10 $ZIL for staking in theory. However, since staking and un-staking attract network fees, you would require more than 10 $ZIL in your wallet to cover these fees.
$gZIL is the governance token that would be awarded when staking rewards are redeemed. it is awarded as 1 $gZIL for every 1000 $ZIL earned as reward for staking.
Different wallets offers staking options for $ZIL like ATOMIC Wallet, Moonlet, Zillacracy, cex.io etc.,
If you want to un-stake $ZIL, it should be noted that it will take at least 3 weeks for unbinding and getting funds back to your wallet.
Zilliqa is in the nascent stage and have very good community, nevertheless to mention about the team behind, who are real people and all their profiles are available in their domain. $ZIL is being traded at $0.11 at the time of writing the article with a market cap of $1,293,786,014 and also part of Top 100 cryptocurrencies.
With expected organic growth for Zilliqa, there is a huge potential for it to grow, as one of its ventures is Aqilliz had worked with Pepsico for digital marketing using its smart contracts and results seems to be promising as per their website.
For those who want to invest for the long term, it is worth giving a look at it. You may buy and stake them if one is not bothered by immediate price fluctuation. As this coin has delivered about 800% in one year reaching ATH of $0.236 and currently trading at less than half the price of ATH at $0.11 at the time of writing this article.
$ZIL is available on Binance, if you want to trade or invest.
*Do Your Own Research before investing into any cryptos