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A Quick Introduction to Zilliqa Cryptocurrency. Why has it surged 155% in two days? Smart Contracts, Metaverse, and Programming.
The Zilliqa cryptocurrency has risen 155% in a few days. The ZIL token has gone from a low of $0.048 to a high of $0.122 in just 48 hours. At press time, ZIL was trading at $0.11. Zilliqa is the first high-performance public blockchain platform capable of scaling thousands of transactions per second (TPS). The coin’s price has grown exponentially due to the announcement of the partnership between its extended reality platform, Metapolis, and Agora Metaverse.
What is Zilliqa cryptocurrency?
The Zilliqa platform is a permissionless public blockchain focused on decentralized businesses and applications. Zilliqa platform launched in 2019, and, in addition to offering a high level of performance and security, it manages to scale thousands of transactions per second, thanks to sharding, splitting any database into smaller databases, thus increasing the transaction speed. Zilliqa is the world’s first public blockchain-based entirely on a shared network. It also allows developers to create smart contracts and decentralized applications using the Scilla programming language.
Blockchain Sharding
Sharding divides the blockchain network into smaller, interconnected fragments and operates parallel “threads.” These sub-networks are created decentralized without needing a trusted coordinator, with no overlaps or double-spending. Thus, as the Zilliqa network grows, the more efficient it becomes.
Programming with Scilla
The Zilliqa network allows its developers to use their Scilla programming language. Scilla fixes vulnerabilities of previous solutions and versions, allowing them to run Smart Contracts or design decentralized applications (dApps) that offer multiple products and services efficiently and in a scalable manner. The language supports checks so developers can ensure that their application works well at any time.
The Metapolis Metaverse
Metapolis is the first metaverse-as-a-service (MaaS) platform created by an L1 blockchain, Zilliqa. Developers scheduled the public launch for April 2 via a VIP event in Miami. Through its graphics, gamification, Non-fungible Tokens (NFTS), and e-commerce, Metapolis offers an infrastructure to bring the physical world closer to the digital world. At Metapolis, luxury brands and clients, such as popular e-sports teams, can create digital locations tailored to their needs. This metaverse claims to offer users a customizable, data-centric experience accessible through virtual reality. Zilliqa claims to be highly scalable and consumes less power than other blockchains.