Zilliqa Blockchain: Solving Scalability Issues
Zilliqa is a scalability-focused, blockchain-based payment processing and Decentralized application (dapp) platform currently in advanced development. The core feature allowing Zilliqa to scale beyond what is possible with rcxisting similar platforms, such as Ethereum, is “Sharding”
Sharding refers to dividing the blockchain network into smaller subnetworks that can process transactions and execute computing operations in parallel (at the same time).
Zilliqa fundamentally changes how a blockchain reaches consensus. Their sharding solution scales with the size of the network. Theoretically, there’s no limit to the number of transactions Zilliqa could process per second. Practically, however, depending on the number of nodes on the network, Zilliqa could process tens or hundreds of thousands of transactions per second.
It also promises to support smart contracts. Running smart contracts on a sharded network is a major technical challenge for Zilliqa. In this article, we’ll explore how they’re approaching scalability for transactions and smart contracts.
What is Zilliqa?
Zilliqa claims to be the world’s first high-throughput
Zilliqa Roadmap
On one recent test on their testnet, Zilliqa executed 2,488 transactions per second with 6 network shards running only 3,600 nodes (network servers that process and confirm transactions) total, compared to Ethereum’s 10 or so transactions per second using four times the number of nodes.