What is Ziliqa (ZIL)? Ziliqa (ZIL) Coin is a cryptocurrency of the Ziliqa network. It is a project created to do thousands of transactions in seconds. It is a public and permissionless Blockchain chain. This coin also solves the speed problems in Blockchain. ZIL Coin is a staking cryptocurrency. It is possible to use Zilliqa as a valid payment tool in the entertainment and gaming industry. The motto of this project is efficient farming. As Kriptokoin.com, we have compiled the details for you, let’s examine the subject together…
What is Ziliqa (ZIL)?
The aim of this project is to develop a payment method that aims to rival Visa and Mastercard, which are global payment instruments. Working in partnership with the Ziliqa network, ZIL Coin offers its users fast payment and low transaction costs. Another aim of the project is to be a Blockchain network preferred by corporate customers.
In addition, it aims to protect users with large investments against risks with a high security policy. It was released on January 26, 2018 by the University of Singapore Computer Scientists. It is also a mined cryptocurrency.
What are the advantages and disadvantages?
Advantages;
- Ziliqa (ZIL) Coin investors can staking a specific crypto asset in their wallets and thus have the opportunity to acquire new coins at the end of the maturity period.
- ZIL Coin quickly completes cross-wallet cross-border transactions within minutes, with very low transaction fees from investors.
- In addition, ZIL Coin provides its users with a secure payment service from contracted locations in the gaming and entertainment industry.
Disadvantages;
- The disadvantages of each cryptocurrency are the same. However, this risk is slightly lower due to the transactions provided by ZIL Coin via smart contracts.
- ZIL Coin experiences instant and continuous price changes. Because it depends on the buying-supply demands coming from the market and its volatility.
- Like every crypto, ZIL Coin has the risk of being attacked if it is stored with their online wallet. Although the risk is somewhat low, the risk is minimized by hiding coins from offline hardware wallets.
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