Friday, June 2, 2023

Zilliqa Ecosystem

by Hideo Nakamura
Zilliqa Ecosystem

Zilliqa Ecosystem

The Zilliqa ecosystem is a blockchain-based technology platform designed to enable secure, high-throughput transactions. It utilizes a unique consensus mechanism called “Sharding” which enables it to scale as the network grows and increases its transaction processing speed. The Zilliqa platform consists of three main components: the ZilPay wallet, the decentralized storage protocol (S3) and the smart contract language Scilla.

ZilPay Wallet
The ZilPay wallet is an open source cryptocurrency wallet that allows users to securely store their crypto assets as well as send, receive and exchange them with other users on the network. It supports multiple currencies such as ETH, BTC, USDT and XRP along with zils (the native currency of Zilliqa). The wallet also features an integrated browser for interacting with dApps built using the Ethereum Virtual Machine or EVM.

S3 Protocol
The S3 Protocol is a decentralized storage protocol built on top of IPFS (InterPlanetary File System) which provides distributed data storage solutions for applications running on top of blockchain networks like Ethereum or Zilliqa. Using this protocol developers can store large amounts of data off-chain while still ensuring its security via cryptographic techniques like hashing and encryption schemes.

Scilla Smart Contract Language
Scilla is a new smart contract language developed specifically for building dApps on top of blockchains such as Ethereum or Zilliqa in order to make them more secure from attack vectors such as code exploits or bugs within the contracts themselves. Unlike traditional languages like Solidity used by many projects today, Scilla has been designed from scratch in order to prevent certain types of attacks commonly seen with Solidity based contracts due to its stricter typed variables system and automated checking features when compiling contracts written in it into bytecode readable by blockchains nodes .

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