Zilliqa is a public blockchain system, powered by a native Zilling token (ZIL), which is not a Zilliqa coin, designed to solve issues concerning to scalability, and scaling to thousands of events per second. ZIL tokens are to execute smart contracts and transfer funds. Zilliqa has never failed to maintain its strong presence by enhancing robust sharding-based solution, to cope up with the space restrictions within the smart contracts and dapps. Very recently, ZIL launched its mainnet program also, with the announcement of testnet v3.0, codenamed “Mao Shan Wang,” where it has produced a record by becoming the first ever wholly fledged testnet to execute the network, transaction and smart contracts. This upgrade involves new incentive mechanisms and would lead to eco-friendly and cost-effective mining for the citizens.
What is Zilliqa?
Xinshu Dong being the CEO of Zilliqa, along with his crew of advisors and developers, came up with the ZIL coin, which enables you to transact speeds as the network grows to lead to an expansion in the number of miners. Zilliqa is an ERC20 token, built in 2017 but came to the market in 2018, which indicates its a pretty new currency in the crypto area. In spite of that, it is one of the top 40 cryptos in the world. Zilliqa is the first high-bandwidth public blockchain program, which aims to ward off scalability barrier, where a hybrid agreement mechanism is executed, where node operation is dependant on Proof of Work (PoS) hash. With the guidance of Byzantine Fault Tolerance Consensus, it can check false transaction by peers, where a guaranteed block could only refer the block ere it.
Market Prediction For Zilliqa
Zilliqa is a digital asset, which has several eyes on it, as most of the market specialists are eyeing on funding in it. Let us see what the price prediction sites have foretold for Zilliqa:
#1 Bein In Crypto
Bein in crypto is a crypto price forecast site, which releases detailed crypto price foresight. They have declared that by 2019 deadline, Zilliqa may reach $0.09, which is the best case situation and $0.02 as the worst case scenario. They even suggested that in 5 years, ZIL might even touch $0.19.
#2 Global Coin Report
Global Coin Report is very hopeful on Zilliqa because of its continuous successes and foretells that by the conclusion of 2019, it might reach even 1 USD.
#3 Trading Beasts
Trading Beasts foretold the price of Zilliqa for five years time frame. They have declared that by 2019 end, ZIL might reach $0.16, by 2020, they may reach $1.15, and by 2022, it may even reach $5 mark.
#4 Wallet Investor
Wallet Investor favors taking constant predictions and believes that ZIL may go down to $0.00373.
ZIL Price Prediction 2019
The Zilliqa society has ideas of releasing the initial version of Smart Contract Intermediate-Level Language, its development language, which was mainly created to improve smart contract security. Because its an average level language, with no barriers to adopt as its simple and interactive. Even Zilliqa token swap is scheduled for sometime in the first part of 2019, where various exchanges are going to support. These improvements might take Zilliqa to further heights. By 2019 end, Zilliqa may reach $0.361, which can’t be called as extremely optimistic, as the events planned for 2019 can simply lead ZIL out there.
Zilliqa Launches Bug Bounty Program For its Mainnet
Blockchain projects that start a Mainnet of their platform usually follow it up with a bug bounty schedule. This program gives global developers a possibility to test it for vulnerabilities and gain while doing it. We saw a related bug bounty program launched by the Tron Foundation right after the Mainnet was delivered mid last year. Following this tradition is the company at Zilliqa (ZIL) that have now started a bug bounty program geared towards examining and guarding the Mainnet. The team at Zilliqa has invited all possible developers to test and help guarantee its network, crypto and smart contract implementation. Bugcrowd is managing the bug bounty program. Depending on the importance of the bug found, the reward will change from $150 to $5,000.
Zilliqa Future Price Prediction In 5 Years
In a matter of 5 years, anything can occur. But as per the market courses and considering the purpose and vision of the crypto, there are high expectations that it might sustain and finish up becoming one of the top performing cryptos, with a high rate of investment. By the conclusion of 2023, ZIL may reach $1.338. Its adoption rate is very likely to increase manifold. Zilliqa price prediction 2025 is going to be crazy, as it would be seven years old by then.
Disclaimer: This feature should not be exercised as, and is not designed to provide, investment advice. Coinpriceprediction and its affiliates, employees, and writers give information about the coin with careful analysis. Please conduct your thorough study before funding in any crypto.