The Fundamental analysis of Zilliqa


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  • Zilliqa bills itself as the world’s first high-throughput public blockchain network intended to expand to thousands of transactions per second, according to its website
  • The key distinction between Scilla and Solidity is that Scilla includes smart contract verification as part of the language
  • Zilliqa has a well-written whitepaper that is both technically and mathematically sound

Zilliqa bills itself as the world’s first high-throughput public blockchain network intended to expand to thousands of transactions per second, according to its website. On its blockchain, Zilliqa uses sharding to store data, allowing it to manage a faster number of transactions. It’s been under development for two years and has already been employed in a number of commercial applications. Zilliqa is situated in Singapore’s central business district. Dr. Dong is the Zilliqa team’s leader, with a background in computer science research and software development. His previous expertise includes serving as Head of Engineering at Anquan Capital, a high-performing blockchain-focused firm. He holds a degree in computer science from the National University of Singapore, a prestigious international institution.

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The Zilliqa codebase is completely open source, and it can be found on their GitHub page. Their most recent commit was 11 hours ago at the time of writing, indicating that it is still active. The following graph depicts contribution activity from December 24, 2017 until the present. As you can see, since March, activity has increased significantly. Zilliqa is developing its own smart contract language called Scilla, similar to how Ethereum has Solidity. The key distinction between Scilla and Solidity is that Scilla includes smart contract verification as part of the language. Scilla’s automata-based model allows us to state a formal semantics of a contract’s executions, both independent and parameterised via interaction scenarios with other contracts, as well as to rigorously capture the properties of a contract’s executions throughout its life-cycle, according to the research paper.

Zilliqa has a well-written whitepaper that is both technically and mathematically sound. Zilliqa’s smart contract layer and consensus mechanism are defined in the whitepaper. The consensus method in Zilliqa is based on a better version of Practical Byzantine Fault Tolerance. Overall, the whitepaper is highly extensive in describing how Zilliqa operates, from its smart contract layer to its consensus, hence I give it a fundamentally strong rating. On their Reddit, Zilliqa has posted their 2018 roadmap. They are now on schedule to release their testnet v2 in Q2 2018, as stated, and their mainnet in Q3 2018.


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