Zilliqa (ZIL) Is Surging 5.6% During The Last Trading Session: Should You Invest?

The price chart of the crypto shows a positive dynamics of 5.6%. It reached the value of $0.081978, during the last trading session. Recently, PlatON has announced a strategic collaboration with the high-performance segmented public network Zilliqa. Both sides will work together to promote the development of PlatON, plan for commercial use in many areas and jointly build public infrastructure in the global digital age. Founded in 2017, the Zilliqa (ZIL) platform is based on the idea of “sharding” and was developed to increase the scalability of networks such as Ethereum.What is Zilliqa (ZIL)? The Sharding Blockchain Explained - Easy Crypto Sharding is similar to the concept of “divide and conquer” when transactions are divided into small groups so that miners can perform parallel transaction verification. As a result, it becomes possible to reach consensus more quickly, which increases the number of transactions over a certain period. According to the official document, the transaction speed can increase by about 1000 times compared to the Ethereum network. Zilliqa’s high bandwidth means that developers can focus on implementing their ideas rather than worrying about network congestion.

Miriam Bozini

Finance and Business Reporter