Zilliqa (ZIL) is a pioneering public blockchain platform that applies sharding technology, optimizing performance to handle thousands of transactions per second with its own smart contract language, Scilla.
The project was established in 2017 in Singapore, aiming to build an effective, secure blockchain network supporting a variety of applications from dApp, DeFi to Metaverse and enterprises without compromising security or transaction speed.
MAIN CONTENT
Zilliqa successfully implements sharding technology to enhance network speed and security.
Scilla is a highly secure smart contract language suitable for DeFi.
Zilliqa's ecosystem is diverse with ZilPay wallet, ZilBridge bridge, and Zillion staking platform.
What is Zilliqa (ZIL)?
Zilliqa is a prominent public blockchain that can process over 2,800 transactions per second thanks to sharding technology and the Scilla smart contract language. Established in 2017 in Singapore, this platform focuses on developing a dApp, DeFi, and enterprise application ecosystem with high scalability.
The project was established by Zilliqa Research Pte. Ltd, aiming to build a blockchain solution with linear scalability without compromising security and performance.
How does Zilliqa (ZIL) work?
Sharding mechanism (Fragmentation)
Zilliqa applies sharding to divide the network into multiple independent shards that process transactions in parallel, significantly speeding up the overall network processing capability. In Zilliqa 2.0, the shards are called x-shards, which can customize parameters such as block size, block time, and security settings to meet diverse needs.
ZIL X-SHARD – Advanced fragmentation model (Source: Allinstation, 2024)
Practical Byzantine Fault Tolerance (pBFT) consensus
Zilliqa uses the pBFT consensus algorithm to ensure transaction integrity at low costs and high stability. Version 2.0 has integrated Fast-HotStuff to accelerate the consensus process and enhance resistance to Byzantine attacks.
pBFT consensus integrated with Fast-HotStuff for acceleration and security (Source: Allinstation, 2024)
Smart Contracts and Scilla
Zilliqa develops the Scilla language, optimizing safety and performance for smart contracts. Scilla helps minimize severe logical errors, is easy to audit, and efficiently deploys across parallel shards, suitable for developing DeFi, synthetic assets, and insurance.
Two-layer structure (DS Block + TX Block)
A foundational application of a two-layer blockchain structure, where DS Block manages node identity, while TX Block stores transaction information. This mechanism optimizes validation and network management while ensuring processing efficiency.
The project's products
Zilliqa Blockchain
As the first public blockchain to successfully implement sharding on the mainnet, Zilliqa divides the network into multiple x-shards capable of processing over 2,800 TPS. The platform strongly supports dApps, smart contracts, suitable for enterprises and multi-sector Web3 projects.
Processing transactions >2,800 TPS on the mainnet.
Two-layer architecture enables fast validation, efficient node management.
Suitable for developing DeFi, GameFi, NFT, and AI ecosystems.
Scilla – A distinct smart contract programming language
Scilla is designed to limit common security flaws and is easy to audit. It applies a clear state-transition model, supports specialized development tools, and is suitable for DeFi.
Preventing reentrancy errors, security risks.
Easy auditing and development of complex contracts.
Suitable for DeFi, insurance, and synthetic assets.
Scilla smart contract programming language (Source: Allinstation, 2024)
ZilBridge – Cross-chain bridge
ZilBridge facilitates safe asset transfers between Zilliqa and Ethereum chains, BNB Chain, Arbitrum with low fees and fast speeds. Currently expanding to Polygon and other EVM networks in 2025.
Convert ZIL, ZRC-2 tokens to ERC-20/BEP-20 and vice versa.
Low transaction fees, user-friendly interface.
Collaborative development with Switcheo Labs.
Cross-chain bridge ZilBridge (Source: Allinstation, 2024)
ZilPay Wallet – Dedicated wallet for Zilliqa
ZilPay is a non-custodial wallet compatible with Scilla and ZRC-2 tokens, supporting staking, token trades, and NFTs. It includes both a browser extension and a mobile app, making it easy to access DeFi, NFT services on Zilliqa similarly to Metamask on Ethereum.
Managing ZIL, ZRC-2 Token, NFT.
Supports staking, fast token transfers.
Seamless connection with dApps.
Zillion – Staking and governance platform
Zillion provides a convenient staking interface, allowing liquid staking to utilize liquidity tokens in DeFi. Supports easy validator selection for staking and will soon launch a decentralized governance DAO to help the community grow sustainably.
Liquid staking ZIL with liquidity tokens.
Select staking validators via DApp.
Decentralized DAO governance integration coming soon.
Outstanding features of Zilliqa
The first sharding technology applied practically on the mainnet, high security.
The Scilla language is safe and easy to audit, limiting severe smart contract errors.
Integrated cross-chain features with EVM and the ZilBridge.
Zilliqa 2.0 expands customizable shards to meet enterprise demands.
Developing diverse Web3, DeFi, AI, NFT, and Creator Economy applications.
Hybrid consensus PoW + pBFT ensures security and energy efficiency.
Overview of Token and Tokenomics
ZIL is the native coin of the Zilliqa network, combining PoW and pBFT, block time ~60 seconds, realistically processing over 2,800 TPS. The maximum supply is 21 billion ZIL with nearly 19.5 billion in circulation.
30% released through Token sale.
40% allocated for miner rewards.
12% supports research, development, and marketing.
10% sold in Strategic Sale.
5% allocated for the team (2-year lockup, unlocking quarterly).
3% allocated for advisors.
Token distribution ZIL (Source: Allinstation, 2024)
ZIL Token release schedule (Source: Allinstation, 2024)
ZIL is primarily used for paying transaction fees, deploying smart contracts, securing network staking, trading, services, and future governance.
Latest roadmap
Completed: Zilliqa 2.0 testnet, ZilBridge mainnet, AI/ML SDK integration for dApp, Zillion staking portal launched.
2025 implementation: EVM compatibility, supporting zkRollup for Layer 2 scaling, customizable testnet for x-shards, integrating DID and data security layers, collaborating with GameFi, AI, and real assets.
Development team, Investors, and Partners
Development team
The founding and technical team consists of many academic and technical experts with profound experience in blockchain, cryptography, and DeFi, notably:
Dr. Xinshu Dong – Co-founder, former CEO, PhD in Computer Science.
Dr. Amrit Kumar – Former research team leader, PhD in Cryptography.
Dr. Prateek Saxena – Scientific advisor, professor at NUS, co-founder of Kyber Network.
The current executive board includes Matt Dyer (CEO), Bradley Laws (Ecosystem Development Director), Kevin Meyer (CTO) with over 20 years of experience in blockchain and product.
Zilliqa team (Source: Allinstation, 2024)
Investors
Zilliqa receives investments from major funds such as Neo Global Capital, FBG Capital, One Block Capital, Signum Capital, and Zilliqa Capital, helping to develop the DeFi ecosystem, ZilBridge, and support GameFi/NFT startups through the ZILHive program.
Major investors supporting Zilliqa (Source: Allinstation, 2024)
Partners
Strategic collaborations include:
Switcheo Labs – Developing ZilBridge and AMM cross-chain.
Google Cloud – Enterprise storage and node infrastructure.
Chainlink – Data oracle for smart contracts.
XCAD Network – Creator Token for YouTubers/Influencers deeply integrated with Zilliqa.
Avely, IgniteDAO – Native DeFi ecosystem on Zilliqa.
Roll1ng Thund3rz – Web3 game studio, launching the first FPS on Zilliqa.
Agora – NFT marketplace with royalties and auctions.
Zilliqa aims to become the leading blockchain platform for decentralized applications across sectors, combining high performance, security, and exceptional scalability for the future of Web3 and DeFi.
Matt Dyer, CEO of Zilliqa, 2024, Allinstation
Summary
Zilliqa boasts a world-class founding and development team with a deep technical background, supported by strategic investors and partners in the industry. The project is gradually evolving into a comprehensive blockchain ecosystem with scalability, security, and enterprise-friendly features as well as diverse Web3 applications.
Note: The information is for knowledge purposes only and is not investment advice.
Frequently asked questions
What is Zilliqa blockchain?
Zilliqa is a public blockchain that uses sharding technology to process over 2,800 transactions/second, optimizing security and performance.What is Scilla?
Scilla is a smart contract language developed by Zilliqa, focusing on security and ease of auditing.What is the total supply of Token ZIL?
The maximum supply of ZIL is 21 billion, currently with nearly 19.5 billion tokens circulating in the market.What is ZilBridge?
ZilBridge is a cross-chain bridge that allows asset movement between Zilliqa and blockchains like Ethereum, BNB Chain, Arbitrum.What features does Zillion support?
Zillion is Zilliqa's staking platform, supporting liquid staking, selecting validators, and will implement DAO governance.
Source: https://tintucbitcoin.com/zilliqa-zil-la-gi/
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