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About Position Paper
The Zilliqa Project aims to create a blockchain platform called Zilliqa that can securely scale to thousands of transactions per second. It uses a technique called sharding that divides the network into component shards that can process transactions in parallel, increasing throughput as the network grows. Zilliqa is designed to rival payment platforms like Visa and have much lower fees than platforms like Ethereum. It leverages proof-of-work to establish identities and shards but does not use it for consensus, reducing energy costs. The platform will support smart contracts and applications like distributed exchanges and auctions that can take advantage of its parallel processing capabilities.
Detailed Information
| Author: | ['shaynad binsharaf'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 18 |
| Language: | English |
| Format: | |
| Price: | FREE |
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