Hearing the word blockchain has lost its ring now, we hear blockchain and we think a lack of scalability, interoperability, and adoption, these are pain points that nobody wants to talk about in the industry.
We are sick and tired of hearing that a solution is being worked on by so and so and that the issue will be resolved and the world will be a better world through cryptos and blockchain. And this dream is the one that leaves a sour after taste, because of its lack of truth and time sensitivity, also progress.
Its the month of Feb, not only are the cupids settling in towns but on the block-town things are moving fast with the first ever sharder in the house! This is huge because, dearest silicon valley, you have a virtual competitor and this one will beat you to your game by what it looks like right now.
The launch of Zilliqa is good news for the industry. It is a major leap towards the collective vision of the industry leaders and the blockchain in itself of enabling innovative blockchain-powered solutions to real-world problems. The dream can now be logically supported. With this launch, Zilliqa is now the first public blockchain platform to successfully implement sharding, to address one of the biggest challenges to mainstream blockchain adoption – scalability.
Here’s how it promises to do it. And the tech geeks are swearing by it.
Sharding: The network supports transaction sharding for both regular payment transactions and those that invoke smart contracts.
PBFT-style blockchain: Zilliqa will be one of the very few PBFT-style (Practical Byzantine Fault Tolerance) blockchains available today. A PBFT-style consensus mechanism is efficient and gives finality to transactions so that confirmations are not required.
Safe smart contracts: The protocol comes shipped with our new safe-by-design smart contract language, Scilla.
Dual and eco-friendly mining: By using PoW only for Sybil resistance, the energy footprint of mining on Zilliqa will be much smaller compared to the blockchains that use PoW to reach consensus on every block.
These among other things are set to change the way we feel when the word hits out eardrums. Take a look and if you disagree, you are free to dissent, comment, and roast. Let’s see what you come up with. You might be surprised by the qualities here and there is so much they are trying to unlock, let’s see if they perform or fail.