What is Zil token?

ZIL is Zilliqa’s native ERC-20 token . According to its sharding model, if Zilliqa were to have 20,000 nodes, the network could be split up into 25 sub-networks with 800 nodes each that process data simultaneously and in parallel.

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Who is behind Zilliqa?

Zilliqa was launched in June 2017 by co-founders Amrit Kumar and Xinshu Don , two researchers from the National University of Singapore. The network’s mainnet went live in January 2019. The project held an Initial Coin Offering (ICO) of the ZIL token in 2017, at the time raising over $22 million in ETH.

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What does Zilliqa coin do?

Much like other blockchains, Zilliqa’s native ZIL coin is used to fund and secure its own ecosystem . In addition to incentivizing miners with block rewards and transaction fees paid in ZIL with a Proof-of-Work model, it can also function as a cryptocurrency.

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What is Zil worth?

ZIL Price Statistics Zilliqa Price$0.0915324h Low / 24h High$0.05391 / $0.09753Trading Volume24h$2,805,102,450.20 1769.77%Volume / Market Cap2.44Market Dominance0.06%Zilliqa price today, ZIL to USD live, marketcap and chart | CoinMarketCap coinmarketcap.com › currencies › zilliqa

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