Projects listed: 276 |
BTC Dominance: 51.13% | Volume (24h): $42,705,446,041 | Market Cap: $2,608,723,484,114
Ziliqa
ZIL
$0.02
Sector
Smart Contracts
Exchange Debut
2018-01-25
Market Cap
306,876,056
Maxim Supply
21,000,000,000
Circulating Supply
18,737,170,650
Circ. Supply(%)
89.22%
Ziliqa
ZIL
Price
$0.02
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
10177926
0.01683812064
0.015646881331
Change 24h
Change 7d
Change 30d
-2.2442
-5.0377
-7.9981
Maxim supply
Circulating supply
Circulating supply(%)
21,000,000,000
18,737,170,650
89.22%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Ziliqa-ZIL cryptocurrency:
Zilliqa (ZIL), a robust and scalable blockchain solution, has recently earned a remarkable score of 7.75 out of 10 in its fundamental analysis. This public, permissionless blockchain stands out for its exceptional throughput and the implementation of sharding as a second-layer scaling solution. Moreover, Zilliqa significantly impacts the realm of decentralized applications, showcasing its prowess.
Importantly, Zilliqa’s ability to process thousands of transactions per second is a key highlight. Additionally, it offers compelling features like staking and yield farming, further enhancing its appeal in the dynamic crypto space. This comprehensive analysis, firmly rooted in the fundamental aspects of Zilliqa – ZIL cryptocurrency, illuminates its diverse strengths and potential areas for growth.
SOCIAL & MASS MEDIA: Score 8 out of 10
Zilliqa shows strong performance in social and media engagement, scoring an 8 out of 10. Its excellent ability to attract followers and media presence, with perfect scores of 10, highlights its strong market visibility. However, there’s room for improvement in community activity, which lags behind at a score of 4. The size of chat group communities and activities of social media administrators also contribute positively, with scores of 7 and 8 respectively.
AUDIT & SECURITY: Score 6.5 out of 10
In audit and security, Zilliqa earns a 6.5 out of 10. The blockchain’s transparency and audit results, scoring 6.5 and 6 respectively, indicate a need for enhanced security measures and more transparent information sharing. The liquidity on exchanges, scoring a 7, adds a degree of confidence to the platform’s financial stability.
TOKENOMICS: Score 7.8 out of 10
The token economy of Zilliqa is quite robust, with an overall score of 7.8 out of 10. Its low inflation rate and decentralized monetary mass receive high scores of 9 and 8, showcasing a well-structured economic model that supports long-term sustainability.
ECOSYSTEM DEVELOPMENT: Score 7.8 out of 10
In terms of ecosystem development, Zilliqa achieves a 7.8 out of 10. The platform’s commitment to achieving its objectives and introducing new developments are noteworthy, with scores of 7.5 and 8. This indicates a proactive approach in evolving and enhancing the ecosystem.
TEAM & DEVELOPERS: Score 7.8 out of 10
The team behind Zilliqa scores a solid 7.8 out of 10. With a score of 8 for team experience and 7 for the number of software developers, it’s clear that Zilliqa is powered by a competent and capable team, although there’s potential for expanding the development team.
PRODUCT & UTILITY: Score 8.2 out of 10
Zilliqa stands out in product and utility, scoring an 8.2 out of 10. The high utility of both the product and tokens within the ecosystem, scoring 9 and 7 respectively, reflects the practical and valuable nature of the Zilliqa platform in real-world applications.
PARTNERS & INVESTORS: Score 7.5 out of 10
In the realm of partners and investors, Zilliqa scores a 7.5 out of 10. The number and capacity of investors and the quality of partners, scoring 8 and 7 respectively, demonstrate solid backing and strategic collaborations, crucial for the project’s growth and credibility.
Fundamental analysis of the Ziliqa-ZIL cryptocurrency – The final conclusion
In summary, the fundamental analysis of the Zilliqa – ZIL cryptocurrency reveals a project with significant strengths, particularly in its technology, ecosystem, and market presence. With an overall score of 7.75 out of 10, it stands as a promising investment opportunity. However, attention to areas such as community engagement, security transparency, and team expansion could further enhance its prospects. The risk analysis suggests moderate risk due to these areas of improvement, but the investment opportunity remains attractive given the project’s solid technological foundation and strategic partnerships. As the crypto landscape evolves, Zilliqa’s commitment to growth and adaptation will be key in realizing its full potential.
What is Ziliqa?
Zilliqa is a public, permissionless blockchain known for its high throughput, capable of handling thousands of transactions per second. It leverages sharding as a second-layer scaling solution, addressing blockchain scalability and speed issues. This platform supports decentralized applications and introduced staking and yield farming in October 2020.
Development and Founding
The development of Zilliqa began in June 2017, with its testnet launching in March 2018 and the mainnet in June 2019. Prateek Saxena, an assistant professor at the National University of Singapore, conceived the idea. Saxena, with Anquan Capital co-founders Max Kantelia and Juzar Motiwalla, established Zilliqa Research to develop the network. The team included CEO Dong Xinshu, CTO Yaoqi Jia, and Chief Scientific Officer Amrit Kumar, all former research fellows at NUS.
Zilliqa’s Unique Features
Fundamental Analysis of the Ziliqa Cryptocurrency reveals it as the first public blockchain entirely based on a sharded network. This architecture allows high transaction throughput and scalability. With each shard independently processing transactions, the network’s capacity grows with the number of shards. Zilliqa aims to rival centralized payment systems like VISA and MasterCard, targeting large-scale enterprise use in various industries. Both Anquan Capital and Zilliqa Research hold substantial ZIL reserves, the native utility token used for transactions and smart contracts on the network.
Network Security and Smart Contracts
Zilliqa’s security is ensured through a practical Byzantine Fault Tolerance (pBFT) consensus protocol, requiring a two-thirds node agreement for record validation. Its security is further reinforced by elliptic-curve cryptography and a proof-of-work algorithm for node identity and shard generation. Zilliqa introduced Scilla, a safety-focused smart contract language, enhancing security and facilitating the verification of smart contracts.
- Latest analysis update: December 23, 2023
Ziliqa - ZIL performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
