Why 2021 is the best time to invest in Zilliqa?

Why 2021 is the best time to invest in Zilliqa?

Is Zilliqa a good investment?

Cryptocurrencies are becoming more and more acceptable globally. Several countries and companies have started accepting digital currency as a valid mode of transaction such as El Salvador in countries, Tesla in the USA, PayPal for companies, etc. To ride the waves of success, several companies have launched in the market and people have multiple options to choose from for investment for quick returns.

In a continuance of the discussion, we will explain a rapidly growing crypto with great prospects, Zilliqa for today. It was initiated by a bunch of academics, entrepreneurs, and engineers in 2017 in Singapore. The men behind the Zilliqa are Mr. Prateek Saxena, Mr. Amrit Kumar, Mr. Yaoqi Jia, and Mr. Xinshu Dong.

What is Zilliqa? Brief Summary

Zilliqa is an open platform with a sharded architecture for a second layer solution to address the scalability issue of blockchain technology. The core purpose of Zilliqa is to solve speed and scalability problems, often find with blockchain networks.

Sharded technology allows thousands of transactions per second and hence improves the efficiency of the network. It has been designed with several useful features for developers and participants including yield farming for investors, Zilliqa staking, and DApps for developers. It uses Scilla, a native programming language for the creation of a smart contract layer. The network work on a hybrid proof-of-Work-BFT mechanism to reach a consensus about contract execution, transactions, and updates.

Best time to invest in Zilliqa(ZIL)?

In recent news and updates, Zilliqa has selected Singapore-based crypto custody service Onchain Custodian to enhance digital assets and data protection. As per the agreement, Onchain Custodian will provide security for XSGD. Given the features and benefits of Zilliqa, it would be a smart decision to invest in the network and earn profit in a safe & secure system. The team at Zilliqa evaluate themselves and improvise democratically, so, you can participate in the decision-making process.

It has advantages because it is a fantastic new technology. The first platform to use sharding technology is Zilliqa. This puts it ahead of the competition. It is a completely new type of blockchain meant to address the issue of scalability. Third-generation platforms, such as Zilliqa, may be the main winners in the cryptocurrency future. Zilliqa has an active community. The platform has a large number of followers.

Start Investing in Zilliqa(ZIL)

To begin investing in Zilliqa (ZIL) and other cryptocurrencies, you must first open an account with a cryptocurrency exchange that allows you to buy Zilliqa in India. A cryptocurrency exchange broker is a website where you can buy and sell ZIL and other cryptocurrencies. Check out BuyUcoin Exchange if you want to buy and invest in Zilliqa (ZIL) swiftly and easily with your MasterCard, Credit Card, or UPI!

Is Zilliqa(ZIL) a good investment in 2021?

On May 6, 2021, the price of Zilliqa reached US$10.255 and the market cap surpassed US$13.10 billion, exceeding the previous all-time high (ATH) in 2018.

When compared to major crypto-assets and industry rivals during severe market conditions, ZIL has demonstrated resiliency. When compared to the same times last year, ZIL beat the two biggest crypto-assets in terms of growth throughout H1 and Q2 2021.

Quarter 2 2021 VS Quarter 2 2020
Avg. Close Zilliqa Price: +1,249%
Avg. Mkt. Zilliqa Cap.: +1,461%
Avg. 24H Vol.: +436

- ZILLIQA ECOSYSTEM GROWTH REPORT Q2 2021

In Quarter 2, about 270K ZIL were handled through Zeeves, bringing the total transaction amount close to 2M ZIL since its start in December. By the conclusion of Q2 2021, Zeeves will have over 40.6k users. On Zilliqa, more dApps have been developed to support NFT and Defi efforts. By the conclusion of Quarter 2 2021, the community had built over 47 decentralized projects. The network’s transaction activity has significantly increased since the middle of 2021, with 20.5% more transactions logged and a 35.9% increase in ZIL addresses created since the beginning of 2021.

Zilliqa actively enriched its economy and #DeFi

4.99b ZIL staked , 5.8b ZIL locked into #DeFi ,On-chain volume of 42.7b ZIL Zilswap liquidity nears almost 800m ZIL — Zilliqa on twitter

Zilliqa has announced that it would collaborate with Binance to bring the BUSD stable coin on the network. According to Binance Chief Compliance Officer Samuel Lim, Zilliqa has been pushing for innovation.

“Binance was one of the first trading platforms to support its innovative staked seed node service. This time, we are working together to introduce BUSD to the Zilliqa chain, furthering the mission of providing greater interoperability and growing the blockchain industry.”

In another development, Zilliqa has decided to create APIs for the DEX, wallets such as ZilPay, Moonlet, and Zillet. The team at Zilliqa also planning to extend the program and want to get associated with market makers and centralized exchanges to build arbitrage bots. The team is also making efforts to obtain a FATF license by working with the compliance system.

How to invest in Zilliqa(ZIL)?

To invest in Zilliqa, simply create an account and validate your credentials at the BuyUCoin exchange. To prove your identity in India, you must show your PAN, AADHAR, and a recent selfie. Once your account has been created and authenticated, you can invest in Zilliqa using INR.

BuyUCoin is the greatest platform for trading, selling, or converting your Zilliqa coins ZIL -INR. BuyUCoin allows you to freely exchange your tokens for any other supported asset on the platform. In addition, if you want to sell your ZIL, BuyUCoin makes it straightforward to receive payment directly into your bank account.

Why invest in Zilliqa(ZIL)?

• Zilliqa offers the safest network for developers and companies for developing decentralized applications.
• Zilliqa is a platform curated by engineers, academics, and businessmen at the National University of Singapore. The system is a product of academic research and ensures minimal flaws with the best efficiency.
• In January 2019, Mainnat was introduced and the world’s first blockchain network to successfully launched Sharding for the faster blockchain procedure.
• Sharding improves system efficiency and supports miners and applications globally.
• Peer-reviewed programming language, Scilla for smart contracts.
• It has introduced a consensus protocol to decrease the mining footprint of its users.
• Innovative and efficient solutions have led to the phenomenal growth of projects and participants. More than sixty project teams from over twenty countries are using the network. Teams are working on various projects including wallets development, developer toolkit, smart contract frameworks, DApps, etc.

Worth buying Zilliqa(ZIL) in India?

Zilliqa brings Sharding theory, proof-of-work mechanism, and Scilla programming language for making revolutionary changes in the blockchain network.

• Sharding theory: Concurrent chain functions and performs transactions in parallel time. This process improves the overall capacity of the blockchain. Sharding makes Zilliqa faster, efficient, and more productive.
• Proof-of-work mechanism: Proof-of-work protocol makes the Zilliqa network democratic where participants have a voice regarding transactions and security updates. The system also provides a cost-efficient mining option than other networks in the market.
• Scilla: Developers use this proprietary programming language for conveniently drafting smart contracts. This system is being used in both pilot and commercial applications for domain registry service, payment reconciliation in advertising, financial services, security token offerings, and the gaming industry.

It would not be an exaggeration to describe Zilliqa tokens as catalysts in the implementation of smart contracts and the transfer of funds. Furthermore, it has created its own smart contract language, Scilla, via which developers can design safe smart contracts.

Because of Ethereum’s network congestion and high transaction costs, flexible smart contract platforms like ZIL are becoming increasingly enticing. Developers want to be able to rely on a network that can scale as needed and is unaffected by high-volume DApps in terms of speed. However, if Zilliqa is to grow, it will need to reach a completely new set of customers, developers, and apps. To that end, it has yet to realize its full potential.

However, the network has many fascinating projects in the works that may contribute to this aim. This implies that it can capitalize on the market and continue to grow without fear of being stymied by other market participants.

Going by the conservative trend and a cautious approach, it seems difficult that the coin would hold its position, and the ZIL price may trade around $0.27 by the end of this year. —Wallet Investor

Conclusion

We conclude that Zilliqa is a good investment. It employs sharding to solve one of blockchain technology’s most difficult difficulties, and it presently lacks major competitors. The creators of Zilliqa are all PhD-level computer experts with extensive knowledge of blockchain technologies. We see Zilliqa as a small-cap, high-growth start-up with substantial growth potential.

Prospects for Zilliqa are promising, especially when we consider the project’s foundations. The framework has witnessed exponential community growth, abundant liquidity, and technological breakthroughs. As a result, widespread global adoption may be on the horizon. So far, there have been no major setbacks (no conceptual flaws in its design, no team disputes or divisions, no code deficiencies, and exploitations, etc).

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Note: This article is designed for and should only be used as a reference. No material supplied by BuyUCoin should be construed as advice or a recommendation that any investment or trading strategy is appropriate for any specific person.

Why 2021 is the best time to invest in Zilliqa? was originally published in BuyUcoin Talks on Medium, where people are continuing the conversation by highlighting and responding to this story.