Zilliqa
$0.02045 2.38%
ZIL · 6w

Zil getting good coverage on Yahoo

Eloquently spoken and impeccably dressed, Zilliqa co-founder Max Kantelia arrives on time for our interview. Self-described as a life-long entrepreneur and investor, he believes that too many people are wasting their energies trying to understand “horrendously complicated” protocols. Instead, they should be thinking about how to create the “big scalable applications” that will change the game forever.

A brief introduction to Zilliqa

Sitting around number 40 on CoinMarketCap, “depending on which day of the week, which time of day” you look at it, Zilliqa may have flown under your radar until now. Singapore-based and with its mainnet launched in January of this year, however, this is not one of those blockchain projects with nothing to show.

In fact, it’s the world’s first sharding-based blockchain that solves some key issues surrounding other protocols. The fact that Zilliqa may be new to you is because Kantelia admits:

“I don’t like getting up on stage and talking about something until I’ve actually done it. Now we have technology that works, it’s the time to do that”.

Pushing up his glasses and looking every inch the quintessential intellectual in his tailored suit, he reveals that the majority of the Zilliqa team is made up of PhDs, professors, and computer scientists. He, however, is not one of those. Kantelia’s job is to drive adoption and raise awareness of the project outside of Asia.

Like Bitcoin or Ethereum, Zilliqa is a protocol, designed “from the ground up”. There were three main goals the team was trying to reach: high throughput, security, and better economics for miners. “I’m very proud to say we’ve achieved all three of those”, he says.

How does Zilliqua work?

Without going too deep into the weeds (after all, as Kantelia points out, how many people know exactly how the internet works?), Zilliqa uses a technique called sharding to achieve high transaction time. He reveals:

“The difference between Zil...
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