What is Zilliqa and why am I so BULLISH?
Zilliqa is a state-of-the-art blockchain platform that offers scalability, security, and infrastructure.
What is Zilliqa?
Zilliqa is a next gen blockchain platform that offers amazing scalability and security by using the mythical “sharding” technology on the blockchain.
The Zilliqa project was the first project in the space to develop sharding and has since added more features to their blockchain for extra security and infrastructure. Mining was first introduced to the platform in 2019 and staking will come to the platform sometime this year.
So now you know a bit about the Zilliqa, let’s get right into why I’m bullish.
XSGD + XIDR
One of Zilliqa’s biggest partners, Xfers, has successfully developed the first Singapore Dollar stable coin that is fully pegged 1:1 with capital reserves.
The token will open gateways for faster and cheaper transfers of the currency, with Xfers handling over $250 million dollars a year on average. Xfers has swiftly targeted other large companies related to blockchain in Singapore with many open to using the token.
But what does this have to do with Zilliqa?
The XSGD token runs on the Zilliqa blockchain, using the speed and security that the platform has to offer. The token will enhance transactions on the blockchain and add additional use cases for the Zilliqa token.
But it doesn’t stop there…
Rumours circulation in Zilliqa chats and partially confirmed by Zilliqa President Amit Kumar suggest that the Indonesian Rupiah is next on the list.
Xfers has a big presence in Southeast Asia, especially in Singapore and Indonesia so developing the Indonesian Rupiah stable coin would make sense.
We will have to wait and see on the last one.
Hg Exchange is developing a state-of-the-art “all in one-stop solution” for token issuers, buyers, sellers and market makers. The platform will allow participants access to security tokens, privately held shares, and of course, cryptocurrencies.
The exchange itself will be located in Singapore and will be powered by the Zilliqa blockchain.
The exchange itself has a release date of Q1/Q2 2020 but left a lot of questions unanswered. But the exchange has caused a huge stir in the Zilliqa community, with it being teased users can purchase traditional stocks like Uber and SpaceX with the Zilliqa cryptocurrency but this is yet to be confirmed.
Zillacracy is an initiative designed to be at the forefront of the community, the project will reward users and developers who help make and design the future of the Zilliqa project.
The platform will offer a wide range of jobs and tasks for community members of all skills. This could range from data analysis, developing software, or writing and designing infographics. Users can even suggest their own projects to the platform for approval, so if you’re looking for a home for your brilliant idea, Zilliqa could be it.
Community plays a huge part in blockchain projects and harnessing the skills at hand could be very beneficial for both parties.
The Zillacracy initiative is imminent, so make sure you’re ready.
Aqilliz offers amazing blockchain solutions for digital marketing, harnessing the Zilliqa blockchain. The platform aims to streamline the digital marketing sector by making systems more efficient, eliminated the risk of scams, and verifying transactions and disputes.
The project is headed by marketing legend, Gowthaman Ragothaman who has a decorated past in the marketing field with many big contacts in the sector.
The Zilliqa blockchain was used in the past by PepsiCo on a marketing campaign in Southeast Asia, the results showed a very impressive 28% improvement on efficiency.
The above are only some amazing things being implemented on the Zilliqa blockchain.
Zilliqa also runs their own grant programs for amazing projects and concepts to build on the Zilliqa blockchain. As well as their Zil-Hive program that helps nurture and develop projects on the blockchain.
The platform is offering all the right things to help speed up and spread adoption, leading me to believe the Zilliqa platform has a bright future.
To keep upto date with grants and Zil-Hive programs please follow their Medium blog: Zilliqa — Official BlogNext generation, high-throughput blockchain platformblog.zilliqa.com
Till the next time guys,