Zilliqa (ZIL) is a blockchain platform designed to provide a scalable and secure infrastructure for decentralized applications (dApps). It was founded in 2017 by a team led by Dong Xinshu. Zilliqa aims to address the scalability issues faced by many blockchain networks by using sharding technology. The name "Zilliqa" is derived from the word "silica," which refers to the material used in the construction of computer chips. Key features of Zilliqa include its use of smart contracts and its ability to process a high number of transactions per second.
Zilliqa is a high-performance blockchain platform that aims to solve the scalability issue of traditional blockchains. It utilizes a technology called sharding to achieve high transaction throughput.
At its core, Zilliqa uses a modified version of the Ethereum Virtual Machine (EVM) and operates on the Zilliqa blockchain. The platform employs a hybrid consensus mechanism that combines both Proof of Work (PoW) and Practical Byzantine Fault Tolerance (PBFT) algorithms.
The key feature of Zilliqa is its implementation of sharding. Sharding divides the network into smaller groups of nodes known as shards, each capable of processing its own microblocks and transactions in parallel. This parallel processing significantly increases the scalability of the network.
To ensure the security and consensus of the network, Zilliqa utilizes a process called "collective signing" within each shard. Validators within each shard reach a consensus on the state of the shard and validate the transactions. The consensus is then combined across all shards to finalize the state of the entire network.
Zilliqa also incorporates a smart contract platform that is compatible with Ethereum's Solidity programming language. This allows developers to easily deploy and execute smart contracts on the Zilliqa blockchain.
By leveraging sharding and a hybrid consensus mechanism, Zilliqa is able to achieve high transaction throughput without compromising on security. It aims to provide a scalable infrastructure for decentralized applications (dApps) and enable mass adoption of blockchain technology.
Zilliqa is a blockchain platform that offers several benefits compared to its direct competitors. One of the key advantages of Zilliqa is its scalability. It utilizes a technique called "sharding" to increase its throughput by dividing the network into smaller consensus groups. This allows Zilliqa to handle a significantly higher number of transactions per second compared to platforms like Ethereum and Bitcoin.
Another benefit of Zilliqa is its security. It employs a practical Byzantine Fault Tolerance (pBFT) consensus mechanism, which ensures that transactions on the network are secure and tamper-proof. This makes Zilliqa a robust platform for various use cases, including financial applications and decentralized exchanges.
Zilliqa also stands out in terms of its low transaction fees. Its network fees are relatively low, making it more cost-effective for users to perform transactions. This can be particularly beneficial for individuals and businesses that require frequent and affordable transactions.
Furthermore, Zilliqa supports smart contracts, which enable the creation and execution of decentralized applications (dApps) on its platform. This provides developers with the opportunity to build innovative applications and services on top of Zilliqa, further enhancing its utility and potential.
In summary, Zilliqa offers scalability, security, low transaction fees, and smart contract capabilities. These features make it a compelling choice for users and developers looking for a blockchain platform that can handle high transaction volumes efficiently and securely. While there are other blockchain platforms in the market, Zilliqa's unique combination of benefits sets it apart from its direct competitors.
Ziliqa is a blockchain platform designed to enable high-performance and secure decentralized applications (dApps). It aims to solve scalability issues commonly associated with blockchain networks by employing a sharding mechanism. This technique divides the network into smaller groups of nodes, called shards, which can process transactions simultaneously. As a result, Ziliqa can achieve higher throughput compared to traditional blockchain platforms.
One common use case for Ziliqa is the development of decentralized finance (DeFi) applications. DeFi refers to the use of blockchain technology to create financial services and applications that eliminate intermediaries and provide greater transparency and accessibility. Ziliqa's high throughput and security make it an attractive platform for building DeFi solutions such as decentralized exchanges, lending platforms, and stablecoins.
One specific case where Ziliqa is being utilized is in the gaming industry. Blockchain technology allows for the creation of unique digital assets, such as non-fungible tokens (NFTs), which can represent in-game items, characters, or ownership rights. Ziliqa provides a scalable and efficient infrastructure for gaming companies to incorporate NFTs into their games. These NFTs can be bought, sold, and traded by players, providing a new dimension of ownership and value within the gaming ecosystem.
In summary, Ziliqa is used for developing high-performance decentralized applications, with applications in the areas of decentralized finance and the gaming industry. Its sharding mechanism enables scalability and security, making it a promising platform for various use cases within the blockchain ecosystem.
DIA's Ziliqa API is an essential tool for accessing real-time price feeds of crypto assets. DIA constructs these feeds by gathering raw data from over 85 on-chain and off-chain exchanges, providing comprehensive coverage. Unlike other web3 data providers, DIA is capable of delivering high-quality information that others cannot match.
While DIA provides free API endpoints for developers to test, they also offer fully customizable and tailored feeds. The free API endpoints serve as a standardized format for informational purposes, allowing developers to easily test and experiment. However, the true power lies in DIA's ability to create dedicated custom feeds. These custom feeds can be tailored according to specific requirements, including sourcing, methodologies, and update mechanisms. To request a custom feed, developers can reach out to DIA via Discord or Telegram.
The applications for DIA's API are vast within the blockchain ecosystem. In DeFi, the price information provided by DIA's APIs can be utilized in various ways, such as derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, and money markets, among others. Similarly, in NFTfi, the API can enable peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and more.
DIA's API plays a crucial role in enabling developers to access reliable and accurate price data to build innovative blockchain applications. It empowers them to create customized feeds that suit their specific requirements, delivering more value and flexibility to the users. By leveraging DIA's API, developers have the tools to unlock exciting opportunities within the blockchain ecosystem.
DIA's Ziliqa price oracle is a smart contract that provides real-time price feeds for cryptocurrencies. DIA is integrated with over 35 layer 1 and layer 2 networks, allowing them to deploy price oracles across multiple blockchains. These price feeds are built using raw data sourced from various on-chain and off-chain cryptocurrency and NFT exchanges, ensuring accurate and reliable information.
While DIA offers free demo oracles for developers to test, these are strictly for testing purposes and cannot be integrated into production applications. However, DIA also provides custom configuration options for users who require tailored price feed data. Users can request a custom feed by reaching out to DIA via Discord or Telegram. This allows for flexibility in choosing specific sources, methodologies, update mechanisms, and more.
DIA's price oracles have a wide range of use cases within the blockchain ecosystem. In the DeFi space, they can be used for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. In the NFTfi sector, DIA's oracles enable peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other applications.
In summary, DIA's custom oracles provide users with the ability to tailor price feed data to their specific needs, ensuring accurate and reliable information for their applications. To request a custom feed, users can contact DIA through Discord or Telegram.
Note: A blockchain oracle is an external information provider that supplies verified data from outside the blockchain to smart contracts, enhancing their functionality and enabling them to interact with real-world data sources.
DIA's ZIL API and ZIL Price Oracle offer numerous benefits for users in the blockchain ecosystem. One of the key advantages is the high level of customisation available. Users can tailor each oracle and API endpoint to meet the specific requirements of their decentralised applications. This includes configuring the data sources that make up the feed, applying data cleaning filters and pricing methodologies, and determining the update mechanisms and frequency. This customisation ensures that the data and oracle remain robust and resilient, even in unique market conditions.
Transparency is another major benefit of DIA's API and oracles. The platform provides full and granular transparency throughout the entire data journey. Users can closely track and monitor the oracle and API feeds using the various tracking and monitoring tools provided by DIA.
The accuracy and reliability of price data for cryptocurrencies and NFTs is another advantage of using DIA's technology. By leveraging DIA's API and Price Oracle, users can access accurate and reliable price data, ensuring they have the most up-to-date information for their transactions and decision-making processes.
Overall, DIA's ZIL API and ZIL Price Oracle provide a flexible and transparent solution for accessing price data in the blockchain ecosystem. With customisation options, transparency, and accurate data, users can make informed decisions and build robust applications.