Trade ZIL/USD

Zilliqa divides its network into shards, committees of validator nodes, where each shard processes a distinct subset of transactions in parallel. A directory service committee coordinates shard assignments and combines the results at the end of each epoch into a final block. Because multiple shards run simultaneously, total throughput scales with the number of shards: twice the shards means roughly twice the transactions per second, as long as the directory service committee isn’t a bottleneck. Early implementations achieved shards of around 600 nodes each, with throughput tested above 2,800 TPS at four shards.

Scilla is a functional language designed with formal verification in mind, making certain smart contract vulnerabilities structurally impossible. Reentrancy attacks, which caused the DAO hack and multiple subsequent exploits, cannot occur in Scilla because the language prevents contracts from making external calls mid-execution and resuming in an inconsistent state. Solidity’s imperative model allows these patterns, which is why reentrancy guards must be added manually. Scilla’s type system also catches logical errors at compile time that Solidity surfaces only at runtime, reducing the surface area for bugs that pass code review.

Zilliqa launched in 2019 expecting to capture DeFi growth, but Ethereum’s ecosystem lock-in and the subsequent Ethereum Layer 2 explosion made it difficult for non-EVM chains to attract Solidity developers and existing DeFi liquidity. Gaming and NFT applications were more willing to develop on native Scilla because the security properties of a formally verifiable language are particularly valuable for managing valuable in-game assets. The ZILhive initiative and metaverse strategy represent a deliberate pivot to a vertical where Zilliqa’s technical properties match the use case better than DeFi does.

No. ZIL/USD on StoicFX is a Contract for Difference. You trade ZIL’s price against the US dollar without owning any tokens. To use Zilliqa’s network, stake ZIL for rewards, or play games in the ZILhive ecosystem, you would need actual ZIL tokens in a Zilliqa-compatible wallet.