Zilliqa (ZIL) Coin Complete Guide - Latest Information in 2025 🚀
1. Introduction to Zilliqa (ZIL) - Next-generation blockchain platform
Zilliqa is a blockchain project that started in Singapore in 2017, and was developed to overcome the limitations of existing blockchains. In particular, it aimed to solve the problem of slow transaction speed and high fees like Ethereum or Bitcoin.
Key features of Zilliqa:
• Ultra-fast processing: More than 2,800 transactions per second can be processed (compared to 7 per second for Bitcoin)
• Low fees: Average transaction fee is less than $0.01
• Scalability: As the number of network participants increases, processing speed also increases
• Energy efficiency: 99% less energy consumption than existing proof-of-work methods
Zilliqa is particularly widely used in the fields of gaming, DeFi (decentralized finance), and NFT. In Korea, interest is growing as several game companies are releasing blockchain games based on Zilliqa.
2. Zilliqa's History and Development Process
Zilliqa was founded in 2017 by researchers at the National University of Singapore, including Amrit Prakash. The team, which had been focusing on the scalability issue of blockchain since its inception, decided to introduce an innovative technology called sharding.
Major developments:
• 2017: Launch of the Zilliqa project, initial research and development
• 2018: Conducted ICO, successfully raised approximately $22 million
• 2019: Launched mainnet, commercialized the world's first sharding-based blockchain
• 2020: Added smart contract functions, expanded dApp ecosystem
• 2021: Launched NFT marketplace and DeFi protocols
• 2022-2024: Developed enterprise solutions, Expanding Partnerships
In particular, when the mainnet was launched in 2019, it received a lot of attention from the global blockchain industry. It was the first case of actually implementing the sharding technology that existed only in theory. Currently, about 600 nodes around the world are stably operating the network.
3. Zilliqa's Innovative Technology - Everything About Sharding
Zilliqa's biggest differentiator is its 'Sharding' technology. I'll explain it with an analogy that's easy to understand.
Easy explanation of sharding technology:
Think of the existing blockchain as a huge highway. Since all vehicles (transactions) have to pass through only one lane, it's natural that there will be traffic congestion. Sharding is like dividing this highway into multiple lanes. Since each lane (shard) processes transactions independently, the overall processing speed is faster.
Zilliqa automatically adjusts the number of shards depending on the number of network participants. If there are 600 participants, there is 1 shard, and if there are 1,200 participants, there are 2 shards. In theory, it can be seen as infinitely scalable.
Zilliqa also uses a consensus algorithm called pBFT (practical Byzantine Fault Tolerance). This is a technology that ensures that the system can operate safely even if less than 1/3 of the network participants act maliciously.
4. Various Applications of Zilliqa
Zilliqa is being used in various fields due to its fast processing speed and low fees. Let's take a look at some real-life cases to find out how it is used.
1. Game Industry
• Unstoppable Domains: Blockchain-based domain service
• Gods Unchained: TCG (trading card game) card trading
• ZilSwap: Game item trading platform
2. DeFi (decentralized finance)
• ZilSwap: Automated market maker (AMM) decentralized exchange
• Pillar Protocol: Stablecoin issuance and lending platform
• XCAD Network: Token platform for the creator economy
3. NFTs and Digital Assets
• Mintable: NFT creation and trading platform
• Zilliqa NFT: Official NFT marketplace
• ARK Gallery: Digital art exhibition and sales
Zilliqa's fast processing speed is a big advantage, especially in the gaming industry. In-game item trading and character development must be done in real time, but existing blockchains are often too slow, which can ruin the gameplay.
5. Zilliqa Exchange and Purchase Method
Zilliqa can be traded on major exchanges around the world. I will summarize the features and pros and cons of each domestic and foreign exchange.
Major overseas exchanges:
• Binance: No. 1 in trading volume, offers various trading pairs
• Huobi: Asia's largest, supports Korean
• OKX: Activates futures trading, provides advanced trading tools
• KuCoin: Lists various altcoins, offers discounts on fees
Domestic exchanges:
• Upbit: No. 1 in Korea, allows direct KRW trading
• Bithumb: High liquidity, uses apps Convenience
• Coinone: Excellent security, institutional investor service
For first-time investors, I recommend a domestic exchange. It's convenient because you can trade directly in Korean won and receive customer support in Korean. However, overseas exchanges offer more trading options and lower fees, so it might be a good idea to gradually expand as you gain experience.
6. Zilliqa Community and Ecosystem
Zilliqa has an active community around the world. People from developers to general investors are participating.
Main community channels:
• Official forum: Technical discussions and updates
• Telegram: Real-time communication, Korean channel also available
• Discord: Developer-focused technical discussions
• Reddit: Active discussions among English-speaking users
• Twitter: Quick sharing of the latest news and updates
The Korean community is also quite active. They share investment information and discuss technical analysis on Naver Cafe and the Telegram Korean channel. Participating in the community is very helpful because you can get information faster than the official announcement.
The Zilliqa Foundation regularly hosts hackathons for developers and provides funding to excellent projects. These activities are a great help in expanding the ecosystem.
7. Zilliqa Wallet - Safe Storage Method
In order to safely store Zilliqa, it is important to choose an appropriate wallet. Please choose a wallet that is right for you by considering the level of security and convenience.
Features by wallet type:
1. ZilPay (Official Web Wallet)
• Chrome extension form
• Easy to link with dApp, built-in staking function
• Recommended for beginners, easy to use
2. Hardware Wallet
• Ledger Nano S/X: Top-tier security
• Trezor: Open source, transparent security
• Offline storage minimizes hacking risk
3. Mobile Wallet
• Atomic Wallet: Multi-coin support, exchange function
• Trust Wallet: Binance affiliate, various DeFi integrations
• Convenient to use on the go
⚠️ Wallet Security Precautions:
• Never disclose your seed phrase (recovery phrase) to others
• Avoid accessing your wallet on public computers or Wi-Fi
• Create regular backups and store them in a safe place
• Beware of phishing sites, always check the official URL
8. Zilliqa Staking - Generate Passive Income
Zilliqa can provide additional income through staking. Staking is a system where you lock up coins for a certain period of time to contribute to network security and receive rewards in return.
Zilliqa Staking Information:
• Minimum Staking Amount: 10 ZIL (small fee required)
• Expected Annual Return: Approximately 10-15% (varies depending on market conditions)
• Reward Payment Cycle: Every cycle (approximately 18-22 days)
• Unstaking Period: Approximately 14 days (no immediate withdrawal)
Staking can be easily done from the ZilPay wallet. You can choose among several validators by comparing their fee rates and performance. Generally, it is better to choose a validator with a fee of around 5-10%.
However, since you cannot sell the coins you are staking immediately, we recommend that you use only a portion of your investment funds for staking.
9. Precautions you must know when investing
If you are considering investing in Zilliqa, please be sure to keep the following in mind. Cryptocurrency investment carries with it high potential for returns, but it also carries with it great risks.
🚨 Core Investment Principles:
1. Invest only what you can afford
• Never invest living expenses or emergency funds
• Limit investment amounts to 5-10% of total assets
• Investing with loans is very risky
2. Understand market volatility
• Zilliqa can fluctuate by 20-30% in a day
• Don't be overjoyed or depressed by short-term fluctuations
• Evaluate the value of the project from a long-term perspective
3. Continuous learning and information gathering
• Check Zilliqa official news and roadmap regularly
• Also keep up with the trends of competing projects
• Increase your understanding of blockchain technology trends
Zilliqa is a project with high technical complexity, so it is a good idea to study sharding technology and future development plans thoroughly before investing. Rather than simply investing based on price increases, please consider the value of the project itself and its future prospects comprehensively before making a decision.
10. Zilliqa's future prospects and conclusion
Zilliqa is clearly a project that has introduced innovative technology in the blockchain industry. Scalability through sharding technology is still a challenge that many blockchains have not solved, and it is true that Zilliqa is leading the way in this field.
Zilliqa's Strengths:
• Proven sharding technology and high processing speed
• Active developer community and continuous updates
• Real-world use cases in various fields such as games and DeFi
• Relatively low transaction fees
Risks to Consider:
• Growth of competing projects such as Ethereum 2.0 and Polygon
• Limited mainstream adoption so far
• Impact of overall cryptocurrency market volatility
For Zilliqa to succeed in the future, more enterprises and developers need to join the Zilliqa ecosystem. No matter how good the technology is, if there are few people who actually use it, it is meaningless. Fortunately, various projects based on Zilliqa have been increasing recently, so I am looking at it positively.
In conclusion, Zilliqa is a technically proven project, but I hope you make investment decisions carefully. If you believe in the future of blockchain technology and are willing to invest in the long term, I think it is a project worth considering as part of your portfolio. However, I urge you to establish your own investment principles and thoroughly manage risks before investing! 💪