The Beginner’s Guide
A blockchain platform that promises to boost user scalability via sharding is what the software known as Zilliqa wants to operate on a worldwide, distributed network of computers.
In this sense, Zilliza is a rival blockchain that aims to expand an ecosystem of decentralized applications (dapps) and digital currencies like Ethereum, Tron, and EOS.
Zilliqa employs a sharding mechanism to separate itself from competitors and divide its infrastructure into many linked blockchains to handle more transactions.
Scilla, a native programming language from Zilliqa that focuses on security and allows developers to create and publish customisable dapps meant to mimic real-world applications, was also released.
The native cryptocurrency of the network, ZIL, is used to run programs, transmit transactions, and reward actors that support the network in order to implement all of these capabilities.
How Does Zilliqa Work?
Numerous capabilities seen in other cryptocurrency networks, such as smart contracts, transaction settlement, and token issuance, are also available in the Zilliqa network.
Developers may create new programs (decentralized apps) and execute unique programming logic (smart contracts) using the company’s own Scilla language.
Although the implementation of this system is difficult, Zilliqa’s ultimate goal is to execute smart contracts and verify network transactions in a scalable and effective way.
The network is divided into numerous sections, or shards, using the structural approach of sharding, which only allows nodes to execute a small portion of the network’s transactions.
Each shard functions as a standalone blockchain, enabling the nodes that are allocated to them to store data, process transactions, and add new blocks, or “microblocks,” to their particular shard chain.
Directory Service Nodes (or DS nodes) then assemble microblocks into a transaction block to be uploaded to the Zilliqa blockchain.
It should be noted that the shard nodes only need to retain a portion of the Zilliqa blockchain; the whole history is not required.
Practical Byzantine Fault Tolerance (pBFT)
The Practical Byzantine Fault Tolerance (pBFT) governance system, which maintains the distributed network of computers in sync, lies at the heart of Zilliqa.
Anyone who has ZIL may assist in running the network since ZIL is a requirement for nodes to power the blockchain and vote on amendments. Prior to a microblock being completed and integrated into a transaction block using pBFT, all nodes associated with a given shard must concur.
The block reward is then split among each node as compensation for verifying the transactions.