The Zilliqa — Ethereum bridge will be the DeFi game-changer!
Let’s talk about Zilliqa (ZIL) and how the network sharding can create a speed of transactions that can match the current expansion of the Cryptoverse. Now I hate it (or not!) but I have to remind you that I wrote about this huge potential in June 2020. Zilliqa (ZIL) as a solution for the ever growing crypto market was about the blockchain test on Zilliqa that recorded 2,800 TPS, 200x more than top chains.
Zilliqa sharding uses partitioned data to spread out the computational and storage workload across a peer-to-peer (P2P) network. Sounds easy and complicated in the same time, but this method is reducing the pressure on the nodes and speeds up the transactions. For such an innovative framework, Zilliqa was a cheap investment. The price in June 2020 was $0.019 and that’s when I bought few thousand ZIL. The current price is still hanging close to $0.07 but lets not forget the $0.255 ATH achieved on the 6th of May. Is 4x from June 2020 to June 2021 a good improvement , considering the May’s market crash? Yes, Zilliqa improved a lot in the last year and the ZenSwap will pump ZIL again.
The ZIL-ETH bridge testnet will go live in July. The new incentive mechanism will make possible cross-chain LPs and ZilSwap testing will start immediately after the bridge mainnet launch.
The vision behind the ZIL-ETH bridge is cost efficient transactions and peer2peer commerce. The interoperability between protocols is the hotest…
