The Zilliqa (ZIL) cryptocurrency rose 155% in just two days. The ZIL token went from a minimum price of US$0.048 to a maximum price of US$0.122 in just 48 hours.
According to Zilliqa’s own description, it is the first high-performance public blockchain platform capable of scaling thousands of transactions per second. Zilliqa is a software that seeks to incentivize a global, distributed network of computers to run a blockchain platform that aims to increase user scalability through fragmentation.
The price of the coin grew exponentially due to the announcement of the partnership between its extended reality metaverse, Metapolis, with Agora.
The Zilliqa platform was launched in 2019. Thanks to sharding, the process of splitting any type of database into smaller databases, the speed at which transactions are executed can be increased.
Zilliqa is the world’s first public blockchain to be based entirely on a sharded network. This allows it to achieve high throughput and a high rate of transactions per second, which it says solves the scalability issue. Because each shard processes transactions individually, as the network grows and the number of shards increases, the number of transactions that can be processed per second also increases.In addition, it allows developers to create smart contracts and decentralized applications using the Scilla programming language.According to CoinMarketCap, the price of Zilliqa at the moment of writing this article is US$0,199992 with a 24-hour trading volume of US$9.174.417.954. It is currently ranked number 54 in CoinMarketCap’s ranking, with a live market cap of US$2.517.607.380. The ZIL token has a circulating supply of 12.588.549.255 ZIL coins and a maximum supply of 21.000.000.000 ZIL coins.