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Cryptocurrencies/Coins/Zilliqa (ZIL)
Zilliqa price, market cap on Coin360 heatmap

Zilliqa(ZIL)

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$0.022562
(-3.82%)
0.00000133 BTC
Market Cap (Rank#101)
$307,211,545
18,080 BTC
Vol 24h
$7,641,269
449.698 BTC
Circulating Supply
13,616,291,337.91
Max Supply
21,000,000,000
14h agocointelegraph
Brazilian crypto industry gets regulatory clarity amid global uncertainty
The recent regulatory framework from the Brazilian Congress will benefit the country’s financial institutions and bridge local liquidity with global markets.
15h agocryptopotato
CEO of LYOPAY Luiz Góes on the Cover of IB Magazine
[PRESS RELEASE – Please Read Disclaimer] Who is the Brazilian Entrepreneur Luiz Góes Luiz Góes is a business executive with a specialization in process management, leadership, and business implementation. He has worked in fintech management and has promoted several digital business consultancies. He graduated with a bachelor’s degree in military science from Academia Militar das […]
15h agocryptodaily
CEO of LYOPAY Luiz Góes on the Cover of IB Magazine
Who is the Brazilian entrepreneur Luiz Góes Luiz Góes is a business executive with a specialization in process management, leadership, and business implementation. He has worked in fintech management and has promoted several digital business consultancies. He graduated with a bachelor's degree in military science from Academia Militar das Agulhas Negras in 2008, and holds an MBA in public management. He also holds a Medal of Military Merit for excellent services rendered to the Brazilian Army. In 2018, Luiz became a financial advisor for a fintech group in Dubai. In 2020, he founded LGbank, a cryptocurrency escrow platform. He developed and designed business tokenization projects with an emphasis on project implementation and profit-sharing, and based on crowdfunding models. In Brazil, he leads a group with 8,000 clients that participate in business under his recommendation. He has also provided consultancy for altcoins and token projects. Luiz Góes is the CEO of LYOPAY, a project in the fintech and cryptocurrency industry. What is LYOPAY Company LYOPAY is a brand of DIGILYO APP LTD, a company based in London, UK. There are other registered entities as it is a project that operates on a global scale, so as to be compliant with the regulations of each country. The LYOPAY vision is a world in which cryptocurrencies are used as our primary money. Today, to make purchases or transactions, especially for businesses, conversion into fiat currency is needed, making us reliant on traditional money. By removing this step, we will be able to use cryptocurrencies in our daily lives, both people and companies. To realize this vision, LYOPAY's mission is to create tools to use cryptocurrencies day by day. Products and services can be bought in crypto to make the most of our wallets. Services will allow businesses to accept crypto payments and pay their expenses with Bitcoin, Ethereum and other altcoins. "I see a world where crypto is everyone's medium of exchange. LYOPAY will take us to that brilliant future." –Luiz Góes (LYOPAY CEO) LYOPAY offers regulated and licensed crypto exchange products, focusing on the safety of their clients, and aiming to create a company to serve even future generations. A long-term reality, is to serve people's needs, and how their slogan says “Powering People”. Luiz is a crucial figure in the project as CEO and is admired by the LYOPAY community. We will follow the developments of this project. LYOPAY Wins Norns Award
1 day agocryptodaily
Crypto Weekly Roundup: BlockFi Goes Bankrupt And More
President Vladimir Putin and the Russian central bank are discovering the many benefits of cryptocurrency and blockchain-based payment systems in light of the many sanctions weighing down the country’s economy. Let’s find out more. Bitcoin The European Central Bank (ECB) published a report criticizing Bitcoin and stating that it was n the road to irrelevance. Binance transferred $2 billion worth of BTC as a part of its proof-of-reserve audit, causing panic that it was the next exchange to go the FTX route. Ethereum Russian banking giant Sber, formerly Sberbank, has announced that it is integrating MetaMask and Ethereum on its proprietary blockchain. The Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has changed his stance and refused to acknowledge Ethereum as a commodity. DeFi BNB-based DeFi protocol, Ankr has confirmed that hackers exploited an unlimited minting bug, resulting in losses worth millions of dollars. MakerDAO has announced that it has passed a governance vote which will remove Alameda Research-linked renBTC from its stablecoin collateral vaults. Altcoins Apecoin staking website Apestake.io has added the United States to its list of geoblocked locations. Users from the U.S. will not be able to access the platform directly. Technology Messaging app Telegram has announced plans to build a decentralized exchange and non-custodial wallets in the wake of the FTX collapse. Russia’s President Vladimir Putin has criticized the number of sanctions imposed upon the country by the west and has called for a global payment system independent from external interference. Business Ex-CEO Sam Bankman-Fried has given the odd interview post the FTX crash, in which he has always maintained that he didn’t set out to commit fraud. The second largest crypto exchange in the U.S., Kraken, has announced that it is laying off around 30% of its staff, which is approximately 1100 employees. California-based cryptocurrency exchange Bitfront has announced that it will close for business and will focus instead on the LINE blockchain ecosystem. Binance has again opened up the Japanese market to its services by acquiring Sakura Exchange BitCoin (SEBC). Billionaire crypto entrepreneur Tiantian Kullander died in his sleep Sunday at the age of 30. The company he co-founded was reportedly raising around US$100 million. Beleaguered cryptocurrency exchange FTX and affiliated companies have announced the resumption of employee salary payments and benefits after weeks of uncertainty. Crypto lender BlockFi filed for Chapter 11 bankruptcy protection in the United States on Monday, just days after suspending withdrawals amid the fallout from FTX. Regulation A leaked EU proposal to restrict privacy-enhancing coins could be a serious worry for this crypto niche. Brazil’s lower house of Congress has passed a bill granting limited legal status to crypto payments and establishing a regulatory framework for the industry. The Texas Securities Board has summoned Sam Bankman-Fried to a hearing to investigate whether FTX and Sam Bankman-Fried violated any Texas securities laws. NFT Uniswap finally launched its NFT aggregator platform, where users will be able to conduct NFT trading from across multiple marketplaces. Coinbase pointed fingers at Apple, claiming its app store policies forced the crypto firm to remove NFT transfers from the Wallet app on iOS. Web3 Luxury car manufacturer Porsche has become the latest brand to enter the Web3 space by launching its own NFT collection. Cybersecurity company Kaspersky recently published a report which indicated that cyberattacks could increase on the metaverse in 2023. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
3 days agocointelegraph
Firefox dev Mozilla goes all-in on metaverse, acquires Active Replica
The legacy web developer and internet browser Mozilla announced its acquisition of Active Replica as part of its Hubs creator ecosystem to enhance digital experiences.
4 days agocryptodaily
Coinbase Wallet Delists Four Tokens, Crypto Daily TV 1/12/2022
In Todays Headline TV CryptoDaily News: Coinbase wallet ends support to certain tokens. Coinbase Wallet will no longer support the native tokens associated with Bitcoin Cash, Ethereum Classic, Ripple's XRP, and Stellar, effective December 5th, according to an update on the crypto exchange's website. Brazil legalizes crypto as a method of payment. Brazil has not designated Bitcoin as legal tender, but it did the next best thing: it passed a law legalizing cryptocurrencies as means of payment throughout the country, giving a regulatory boost to the adoption of digital currencies and the expansion of the ecosystem. Binance enters Japanese market. Binance has bought Sakura Exchange BitCoin, a Japanese crypto exchange regulated by the country's Financial Services Agency, for an undisclosed sum. With the acquisition, the world's largest crypto exchange entered the Japanese market, adding it to the now substantial list of countries with some degree of regulatory authorization. BTC/USD exploded 4.1% in the last session. The Bitcoin-Dollar pair exploded by 4.1% in the last session. The CCI indicates an overbought market. Support is at 15928.6667 and resistance is at 16798.6667. The CCI points to an overbought market. ETH/USD exploded 6.6% in the last session. The Ethereum-Dollar pair exploded 6.6% in the last session. The CCI indicates an overbought market. Support is at 1134.21 and resistance is at 1267.661. The CCI is signalling an overbought market. XRP/USD skyrocketed 2.8% in the last session. The Ripple-Dollar pair gained 2.8% in the last session after rising as much as 3.2% during the session. The ROC gives a positive signal. Support is at 0.3748 and resistance is at 0.415. The ROC is currently in the positive zone. LTC/USD exploded 3.3% in the last session. The Litecoin-Dollar pair exploded 3.3% in the last session. The MACD is giving a positive signal. Support is at 71.551 and resistance is at 79.731. The MACD is currently in the positive zone. Daily Economic Calendar: JP 10-y Bond Auction The auction sets the average yield on the bonds auctioned off. Yields are set by bond market investors, and therefore they can be used to estimate investors' outlook on future interest rates. Japan's 10-y Bond Auction will be released at 03:35 GMT, the US Initial Jobless Claims at 13:30 GMT, and Germany's Retail Sales at 07:00 GMT. US Initial Jobless Claims The Initial Jobless Claims measure the number of people filing first-time claims for state unemployment insurance. DE Retail Sales Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. NL Markit Manufacturing PMI The Manufacturing Purchasing Managers Index (PMI) captures the business conditions in the manufacturing sector. The Dutch Markit Manufacturing PMI will be released at 08:00 GMT, the UK's 30-y Bond Auction at 10:30 GMT, and Japan's Jibun Bank Manufacturing PMI at 00:30 GMT. UK 30-y Bond Auction The auction sets the average yield on the bonds auctioned off. Yields are set by bond market investors, and therefore they can be used to estimate investors' outlook on future interest rates. JP Jibun Bank Manufacturing PMI The Jibun Bank Manufacturing PMI gives an early snapshot of the health of the Japanese manufacturing sector. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
5 days agocointelegraph
EmpiresX 'head trader' to face 4 years of prison over $100M crypto 'Ponzi'
Two other associates that helped run the U.S.-based fraudulent crypto platform EmpiresX left the country early this year and are believed to be in Brazil.
5 days agozycrypto
Brazil’s Congress Passes Bill Legalizing Bitcoin, Ether Payments
Brazil’s lower house of Congress has finally passed the long-awaited crypto bill legalizing crypto payments in the country and enabling banks to start offering services in the sector.
5 days agocryptodaily
Brazilian Congress Passes Crypto Bill
Brazil’s lower house of Congress has passed a bill granting limited legal status to crypto payments and establishing a regulatory framework for the industry. Chamber Of Deputies Approve Crypto Bill On Tuesday, Brazil’s Chamber of Deputies approved a bill to establish a regulatory framework for the country’s crypto industry. The bill was previously approved by the Senate in April and was awaiting the decision of the Chamber of Deputies. The bill has passed into law and only requires the signature of the President to be enacted. However, the most noteworthy angle of the law is that it grants legal status to crypto payments for goods and services without granting crypto the status of legal tender. What’s Next For Crypto Bill? The bill was authored by deputy Aureo Ribeiro and sought to establish a “virtual service provider” license to be made mandatory for crypto exchanges and other crypto firms. Over the next 180 days, crypto companies based in Brazil will be required to follow the rules of registration, after which the law will be enforced. Once the law is in effect, the executive branch of the government, which includes the president and the ministers, will need to determine the government department responsible for supervising the legislature. It is most likely that the Central Bank of Brazil will be chosen for this task. As of now, the Brazilian counterpart of the SEC, the Comissão de Valores Mobiliários (CVM), is responsible for overseeing only the tokens that are categorized as securities. Increasing Oversight For Crypto The law has also recognized that digital currencies offer more opportunities for criminal activities of a massive scale due to their pseudonymous nature and has called for a “closer monitoring” of the industry. Accordingly, it establishes a new crime of fraud involving virtual assets, with penalties that include imprisonment and fines. Furthermore, the legislation did not approve an amendment to grant tax benefits to crypto miners and is also seeking to prevent another FTX-esque catastrophe; hence it directs crypto service providers to separate operational funds from those of the clients. Brazil’s Burgeoning Crypto Industry Brazil has been making significant moves in its crypto industry, taking strides instead of steps when it comes to establishing a regulatory framework to build on. For example, most recently, the country’s largest digital bank, Nubank, launched a program allowing its citizens to buy Bitcoin through its platform. Earlier this year, the mayor of Rio De Janeiro announced his plans to develop the city as the next global crypto hub. KuCoin’s “Into the Cryptoverse” report has also revealed that over 34 million Brazilians have invested in cryptocurrency. Therefore, this rapidly growing industry urgently needed a regulatory framework, which the Crypto Bill will now provide. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
5 days agocryptosrus
Brazil’s Parliament Passes Bill for Greater Crypto Regulation, What Does it Mean?
The lower house of Brazil’s parliament approved a cryptocurrency bill that seeks to establish a stringent regulatory framework in the country, a theme that resonates with several governments around the globe after the collapse of FTX. Now, the legislation has been sent to the President, Jair Bolsonaro, for his approval. Among other things, the bill […] The post Brazil’s Parliament Passes Bill for Greater Crypto Regulation, What Does it Mean? appeared first on CryptosRus.
5 days agocryptopotato
Brazil’s Parliament Passes Bill for Greater Crypto Regulation, What Does it Mean?
Now, it is headed to outgoing President Jair Bolsonaro for his nod to make it a law.
5 days agocointelegraph
Brazil passes law to legalize crypto as a payment method
The law was approved by the Chamber of Deputies of Brazil but still requires the approval of the executive branch to be enacted.
6 days agocoindesk
Brazilian Chamber of Deputies Approves Bill Regulating Crypto Transactions
The bill still requires the approval of the executive branch before it becomes law.
13 days agocryptodaily
Web3 Accelerator Masterblox Wants More Women in Web3
Oeiras, Portugal, 22nd November, 2022, ChainwireMasterblox, a Lisbon-based crypto marketing company, has pledged to bring greater gender parity to the world of web3. Masterblox CEO Isabella Händel is on a mission to highlight the shortage of women working in the industry in a bid to foster greater inclusivity. It is estimated that 85% of all crypto users and workers are male; Isabella is one of the rare women who’ve made it all the way to the top. The industry is slowly becoming more gender inclusive, however, with female-centric projects like NFT collection World of Women gaining traction. Not only that, but female talent is being rewarded with leadership positions at an increasing rate. This trend is especially true among the younger demographics, as millennial women are becoming aware of the potential of blockchain technology and the diverse range of employment opportunities it offers. Isabella Händel is determined to lead by example in the hope that her success with Masterblox will inspire other women to follow suit. Her leadership skills have been fundamental to the success of Masterblox, where she is responsible for ensuring the quality of the company’s services and maintaining its extensive network of contacts and clients. Isabella has risen to the top of her profession at just 25 years of age. Before joining the blockchain industry, she studied traditional marketing and worked for several large corporations such as Siemens and Volkswagen. At the outset of the pandemic, Isabella began delving deeper into web3 and studying any relevant material she could get her hands on. She was pleasantly surprised by the lack of gender discrimination, finding the web3 community to be incredibly welcoming of women in general. In 12 months, Isabella rose to become the CEO at Masterblox. She is now responsible for leading and managing a team of over 30 professionals from different backgrounds, which includes marketers, copywriters, designers, and growth hacking experts. To help women leave an even deeper imprint within the web3 industry, German-Brazilian Isabella has plans to hire more female talent for Masterblox throughout 2023. She believes there is plenty of space for women within web3 and that the industry has everything to gain by becoming more gender-neutral. Isabella has extended a call to talented women with experience in crypto and marketing to reach out to Masterblox and take the next step in their career journey. About Masterblox Masterblox is a Lisbon-based web3 accelerator. Its work is divided between the foundation, which handles all the connections between VCs, partners and projects, and the labs, where its growth hacking methods and support services are provided to the projects within the acceleration program. Masterblox’s labs are responsible for assisting countless DeFi and blockchain projects with marketing, market making, copywriting, social media management, and much more. Masterblox | Twitter | LinkedIn | InstagramContactCarlos [email protected]
16 days agocointelegraph
FTX collapse won't impact everyday use of crypto in Brazil: Transfero CEO
The fall of FTX undoubtedly hurt investor sentiment toward crypto, but it won't change its popularity as a means for cross-border transactions.
16 days agocointelegraph
Spain for the win? Top 3 fan tokens to watch during the FIFA World Cup
Spain, Portugal and Brazil national teams' fan tokens are experiencing a price price boom as the World Cup gets underway.
18 days agocryptodaily
The Hop: MOVE Estrella Galicia’s Digital Innovation Programme Makes the Leap to Web3 
Press Release: After 4 editions based on digital innovations related to Estrella Galicia’s value chain, The Hop takes another step toward the exploration and development of Web3 initiatives. 17 November 2022, A Coruña, Spain — The fourth edition of The Hop comes to a close this year, ending a cycle of 4 editions in which more than 35 pilot projects were undertaken in Spain and Brazil. The fourth edition included different leading startups and companies such as MIT, IE, Amazon, and more. In its fifth edition TheHop will focus on WEB 3, searching the entrepreneur ecosystem for use cases related to Metaverse, tokenization of assets, cryptocurrencies, NFTs and DAOs. TheHop Web3 Ventures TheHop will change its name to TheHop Web3 Ventures, placing focus on use cases related to the tokenization of assets, cryptocurrency, NFTs, Metaverse, and DAOs. TheHop Web3 Ventures begins this new program with three main collaborators: Telefónica Tech, Bit2me, and AWS, with which it will begin its first projects. TheHop will also have the full support of VALHALLA as Innovation Partner. Program Evolution TheHop has evolved every year, initially focusing on key areas of the Estrella Galicia group and, since 2020, with the main focus on the use of digital solutions which bring value to hospitality and the end consumer, obtaining multiple insights of value and promoting different initiatives. The evolution of TheHop has been unstoppable, adapting to the needs and opportunities of the company and the market. For this reason, TheHop is now going a step further to become TheHop Web3 Ventures, the vehicle for Web3 innovation of MOVE Estrella Galicia Digital through which the company will approach this new ecosystem. The Move to Web3 Over the last few years, Web3 has experienced a huge growth in global adoption, and many companies are starting to position themselves in this new territory, from major technology companies to automotive companies and restaurant chains. JJ Delgado, General Manager of MOVE Estrella Galicia Digital, stated that: “In line with our philosophy of doing things differently, we are going to immerse ourselves in the Web3 ecosystem to create and incorporate solutions that bring value to our community. We recently announced our commitment to decentralise BigCrafters.com, the marketplace for artisan products which we launched a few months ago, and where we are going to identify Web3 use cases which allow us to work towards our goal”. The aim of TheHop Web3 Ventures is to develop new internal capacities, explore the new opportunities potentially offered by Web3 and co-create different initiatives with companies that are key in the Web3 ecosystem in areas such as NFTs, cryptocurrencies, tokenization DAOs and Metaverse, using the methodology, network and learnings obtained through TheHop. Gerard Gracia Arcas, Head of Digital Business Innovation at MOVE Estrella Galicia Digital, stated that: “TheHop Web3 Ventures starts this new adventure accompanied by three collaborators that are key in this sector, Telefónica Tech, Bit2Me, and AWS, and will be incorporating new allies in the coming months. Any Web3 company will be able to connect with TheHop through its new website to propose projects to bring value to the initiatives we are to undertake, and we will approach each of them based on the needs of each Project". In 2023 the public can expect to see the first Web3 projects promoted by TheHop, and with a slew of varying initiatives already in the works, next year promises to bring exciting new developments from The Hop Web3 Ventures. The Hop Socials Twitter | Facebook | Insta Media Contact Details Contact Name: Gerard Gracia Contact Email: [email protected] Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
19 days agocoindesk
Singapore-Based Crypto Exchange Bitget Opens Operations in Brazil
The company has integrated with the government’s payment system Pix and begun allowing crypto purchases with Brazilian reals.
24 days agocryptodaily
NFTSTAR and Neymar Jr. to release Beastmode Metaverse HUMAN NFT drop
The9 Limited (Nasdaq: NCTY) (“The9”), an established internet company, has newly announced that its NFT community NFTSTAR is releasing the next drop of exclusive NFTs in collaboration with professional Brazilian international footballer Neymar da Silva Santos Júnior. The collaboration so far has been a huge success, with the first drop of Beastmode Metaverse, named ‘JungleVIBES’, hitting over 60,000 freemints worldwide and reaching a large portion of Neymar Jr.’s constantly growing fanbase. Beastmode Metaverse is excited to release its next special edition drop for the biggest fans of Neymar Jr. and the project, titled ‘Beastmode Metaverse x Neymar Jr.: Episode 01 - HUMAN’, on 11 November globally. Find the times of the release in important regions below: November 11 Mint Launch Events: Livestream: Neymar Jr. Facebook page 15:00 UTC Twitter Space: Join from @THENFTSTAR 14:30 UTC November 11 Mint Time: Beastlist Mint: 6:00 PST | 9:00 EST/LATAM | 14:00 UTC Junglelist Mint: 7:00 PST | 10:00 EST/LATAM | 15:00 UTC November 12 Mint Time: VIBElist Mint: 7:00 PST | 10:00 EST/LATAM | 15:00 UTC Visit https://nftstar.com/ for details of Beastlist, Junglelist & VIBElist. Following the new drop, Neymar Jr. will join an NFT-Launch live stream on his official Facebook page, elaborating the new NFT Episode 01 and announcing the Beastmode Football Festival event winners at the official minting time on 11th November. Each NFT collectible has a record on the blockchain, and the users will obtain the ownership of the unique NFT collectible through purchase on NFTSTAR platform, or through trading on secondary markets. During the livestream and official minting time, Neymar Jr. will tease some information and lore of Episode 02 that has not been revealed yet - an event his biggest fans and NFT collectors alike will not want to miss. Go Beastmode and join the movement! About The9 Limited The9 Limited (The9) is an Internet company listed on Nasdaq in 2004. The9 aims to become a global diversified high-tech Internet company, and is engaged in blockchain business including the operation of cryptocurrency mining and a Non-Fungible Token platform NFTSTAR. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
249 days agoethereumworldnews
Zilliqa (ZIL) Gains by 4x in March on Metapolis Metaverse FOMO
Zilliqa’s price has risen by almost 400% in the month of March The price increment is hinged on the anticipated launch of its Metapolis Metaverse Metapolis will be launched on the 2nd of April during a VIP event in Miami, Florida ZIL could undergo a pull-back after the launch of Metapolis The popular Ethereum competitor of Zilliqa has had an eventful month of March in terms of project developments, and price movement of its native digital asset of ZIL. Zilliqa […]

About Zilliqa

The live price of Zilliqa (ZIL) today is 0.022562 USD, and with the current circulating supply of Zilliqa at 13,616,291,337.91 ZIL, its market capitalization stands at 307,211,545 USD. In the last 24 hours ZIL price has moved -0.000031 USD or -0.00% while 7,926,888 USD worth of ZIL has been traded on various exchanges. The current valuation of ZIL puts it at #101 in cryptocurrency rankings based on market capitalization.

Learn more about the Zilliqa blockchain network and how it works or follow the price of its native cryptocurrency ZIL and the broader market with our unique COIN360 cryptocurrency heatmap.

Zilliqa is a layer-1 blockchain that is designed to offer high throughput with the capability to perform thousands of transactions per second. Zilliqa was first formulated by Prateek Saxena and a number of students back in 2015 when they published a paper outlining the advantages of a shard-focused blockchain and how it could improve network speed and efficiency. 

Zilliqa's native cryptocurrency was officially launched as ZIL in June 2017 by co-founders Amrit Kumar and Xinshu Don, researchers from the National University of Singapore. ZIL was initially made available as an ERC-20 token, raising $22 million in ETH through an Initial Coin Offering (ICO) held in 2017. The ZIL tokens on Ethereum were later swapped to ZIL coins on the Zilliqa mainnet which went live in January 2019.

The Zilliqa network aims to provide a blockchain platform with high scalability, by using a process known as sharding, allowing developers to host decentralized applications (DApps) and run smart contracts without facing network congestion and high gas fees, as the case for networks like Bitcoin (BTC) and Ethereum (ETH).

ZIL price

According to our ZIL/USD live price chart, Zilliqa's coin saw its first bull run in early 2020, when ZIL price went from around $0.004 on Jan. 1, to $0.009 by Feb. 15, marking a gain of over 100%. However, ZIL's price declined in the following months as the crypto market turned bearish with the ongoing Coronavirus pandemic. 

With the market still showing signs of volatility as it entered Q2 2020, the Zilliqa coin showed an impressive gain of 640% when it went from $0.004 in April. 16 to $0.030 on June 11. Despite the significant gain, the coin started to depreciate again, falling to $0.01. This pattern continued for the next couple of months when the token rallied to $0.02 on Aug. 11, falling short of its previous high in April, before falling again. 

Zilliqa’s next major rally came in Q4 of 2020 when the token jumped from $0.02 on Oct. 11, to around $0.1 on Dec. 27 — a gain of 427%. The price of the ZIL coin took a one-month breather before rallying to an all-time high when it went from $0.07 on Jan. 24, 2021, to $0.26 on May 6, 2021, with a gain of 280%+, putting ZIL’s fully diluted valuation at $5.4 billion. Nonetheless, Zilliqa lost a large share of gains as the crypto market crashed in May 2021.

With the crypto market showing signs of recovery in autumn of 2021, ZIL witnessed two noticeable spikes, $0.13 on Sep. 5, and $0.12 on Oct. 31, although it failed to reach its previous all-time high again. However, the crypto market collapsed again near the end of 2021, continuing to throttle as it entered 2022. 

Despite the significant price drop in Q4 of 2021, ZIL cryptocurrency managed to close the year with a 220%+ gain while ranking at 81 in terms of market cap.

How ZIL works

The Zilliqa network is quite similar to its competitors ETH, TRON, and EOS in regards to what it offers: smart contracting, transaction settlements, and token issuances. However, to make its ecosystem more robust, and faster, and to allow it to scale as the network grows, ZIL uses a technique known as sharding.

Sharding: Sharding is a partitioning technique used by blockchain developers/companies with the intention to increase scalability, allowing them to process more transactions per second by splitting the blockchain into smaller fragments known as shards. Each shard acts as its own independent blockchain allowing allotted nodes to store data, process transactions, and add new blocks to their designated shard chain, called micro blocks. These micro blocks are later merged with the transaction block by Directory Service Nodes (DS nodes), verifying their validity before adding them to the Zilliqa blockchain. This makes transactions faster as each shard only contains a particular subset of the Zilliqa blockchain instead of storing the entire history.

Central to Zilliqa’s governance and security is its Practical Byzantine Fault Tolerance (pBFT) consensus mechanism, which has a two-layer verification to ensure there are no bad nodes. The first layer is in charge of securing the blockchain from Sybil attacks, ensuring that nodes are only processing their designated micro blocks, rather than the whole blockchain. The second layer of the consensus mechanism finalizes each block by ensuring that two-thirds of the nodes agree that the record is accurate and there are no hard forks before adding it to the blockchain.

The Zilliqa network consists of a total of 2,400 nodes distributed across four shards with each transaction that is received by the network to be verified by a shard that consists of 600 nodes. However, in order to become a node, earn validating rewards, or help operate the system, you must first stake ZIL. 

Finally, Zilliqa uses its native programming language called Scilla, ensuring any decentralized applications (DApps) and smart contracts written on it are safe to run on the ZIL network, automatically identifying threats and eliminating them.

It is worth mentioning that Zilliqa also uses the proof-of-work (PoW) algorithm, utilizing it only for the verification of its miners.

ZIL news, updates, and highlights

In June 2020, lead crypto exchange Binance added ZIL staking support to its platform. Binance would become the second cryptocurrency exchange to partner with Zilliqa to offer ZIL staking after Kucoin. The platform would pay ZIL holders on their exchange 50 ZIL balance and an annual yield ranging from 8% to 10% in ZIL tokens. 

In October 2020, Switcheo announced the launch of its new decentralized exchange Zilswap, powered by the Zilliqa blockchain network. Zilswap, similar to Uniswap, also uses an automated market maker (AMM) built atop a permissionless liquidity pool. Zilliqa announced that this move would allow users to trade their ZIL tokens on the blockchain directly while staking them as liquidity providers to Zilswap pools to earn rewards. With the launch of Zilswap, Zilliqa became ready to step into the rapidly growing decentralized finance (DeFi) market.

With the gaming industry growing rapidly, expected to reach $200 billion by the end of 2022, Zilliqa partnered with Ninjas in Pyjamas (NIP), one of the biggest Swedish gaming organizations out there. The two inked a 5-year deal in November 2021, with the focus to deliver the best virtual and digital experience possible. Using Zilliqa’s scalability and security, NIP aspires to create a unique and immersive pay-to-earn experience for its fan all over the world.

Frequently asked questions about ZIL

  • Can you mine or stake ZIL cryptocurrency?

Yes, you can mine and stake ZIL tokens. Zilliqa uses a proof-of-work consensus mechanism that allows tokens to be mined, it also allows for the staking of ZIL tokens to earn rewards by becoming a node and securing the blockchain.

  • What are some of the best ZIL wallets?

Zilliqa is compatible with both software and hardware wallets. If you are looking for an easy-to-use wallet that you can use on your desktop and mobile then Atomic Wallet is a fantastic option. Another great wallet that you can use through your cellular device is Trust Wallet. However, if you are leaning more towards hardware wallets then Ledger Nano X is your best option.

  • What can you do with ZIL?

Users can use their ZIL tokens to pay for transactions on the Zilliqa network, stake them to earn rewards, vote on changes for the network, or trade them against other popular cryptocurrencies like BTC, ETH, and USDT.

  • How to buy ZIL?

You can buy ZIL against ZIL/BTC, ZIL/ETH, and ZIL/USDT trading pairs on exchanges like HitBTC and Kucoin, or by using fiat currency with on-ramp services.

Zilliqa Price0.022562 USD
Market Rank#101
Market Cap307,211,545 USD
24h Volume7,641,269 USD
Circulating Supply13,616,291,337.91 ZIL
Max Supply21,000,000,000 ZIL
Yesterday's Market Cap308,796,350 USD
Yesterday's Open / Close0.022709 USD / 0.022678 USD
Yesterday's High / Low0.023542 USD / 0.022181 USD
Yesterday's Change
0.00% ( 0.000031 USD )
Yesterday's Volume7,926,887.50 USD
Mining Info
Hashing algorithmEthash
Pools (known)7
Pools Hashrate18.77 TH/s
Network Hashrate23.68 TH/s
By MiningPoolStats
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