What Is Zilliqa?

Zilliqa is a Singapore-based blockchain platform launched in 2017. It was the first to use "sharding" technology to solve the common blockchain hurdle of scalability -- an efficiency-boosting technique that allows the network to grow while transactions are being processed in parallel. Zilliqa is the first public blockchain designed to implement sharding, allowing for linear scaling as the blockchain grows in size.Zilliqa fundamentally changes how a blockchain reaches consensus. Their sharding solution scales with the size of the network. Depending on the number of nodes on the network, Zilliqa could process tens or hundreds of thousands of transactions per second. Zilliqa also promises to support smart contracts. Running smart contracts on a shared network is a major technical challenge for Zilliqa.