Zilliqa: A blockchain for higher scalability best altcoin to buy at current levels
Zilliqa is the scalable and secure blockchain platform for hosting decentralized applications. It is a new paltform that is designed to scale in transaction rates. At ethereum’s present capacity, Zilliqa Can process thousand times the transaction rates of Ethereum.
Zilliqa design is based on sharding a solution to the scalability, latency and transaction throughput issues. Sharding is nothing but dividing the mining network into smaller consensus groups called shards each capable of processing transaction in parallel.
Zillqa uses practical Byzantime Fault Tolerant (pBFT) as a consensus protocol with POW just being applied for miner identification.
The current Zilliqa Testnet can handle 2828 transactions per second with just 6 shards compared to Tron Mainnet which can handle 2000 transaction per second. This is much better than Ethereum in which only 25 transaction per second will be done. So it will be ideal for Dapps which is mainly focused on gaming, entertainment etc.
Etheremon, a ‘Pokeman clone’ built on the block chain will be switching from Ethereum to Zilliqa due to higher gas price and scalabilty issue. Etheremon players after switching to Zilliqa will have lot of benefits such as they don’t need to pay the fees for battle and will also receive an additional 2 free energy units per hour of play.
ZILUSD has shown a good recovery till 0.09500 after hitting low of $0.0530.The pair has formed bearish divergence in the daily chart. So slight jump is possible in the coming days.
On the higher side , near term resistance is around $0.8800 (55- day EMA) and any break above targets $0.0988 (100- day MA)/$0.1066 (61.8% fib). The major weakness can be seen below $0.0500 and any break below target $0.03600.
It is good to buy on dips around $0.058-0.060 with SL around $0.0500 for the TP of $0.088/$0.0950.