Zilliqa (ZIL) - All you need to know

Get started with Zilliqa. This page is a hub that teaches you everything you need to know about Zilliqa, with beginner-friendly guides and practical advice.
By: James Knight
James Knight
James is the lead content editor for Invezz, covering the stock market, cryptocurrency, and macroeconomic markets. Outside of work,… read more.
Updated: Jan 31, 2022

What is Zilliqa?

Zilliqa works in a similar way to Ethereum, and its ZIL coin is used for peer-to-peer transactions or to reward contributors to the platform. Zilling (ZIL) is the cryptocurrency that powers the Zilliqa platform.

Zilliqa was the first blockchain with ‘sharding’ technology to become publicly available. Sharding carries out transactions much faster than original blockchains because it divides up the work required.

Although Zilliqa was the first, there are now a lot more platforms that use sharding. The extra competition has prevented ZIL from gaining value to the same extent as other cryptocurrencies. It hit its all-time high of $0.18 in May 2018 but quickly fell from that level, then spent most of 2019 and 2020 below $0.01.

How does Zilliqa work?

ZIL coins are used on the Zilliqa platform to pay for transactions, validate smart contracts, and can be staked to earn interest. ZIL offers a high yield for staking – up to 6% annually – to encourage people to hold on to their coins.

Zilliqa was the first of many platforms to use sharding to make the blockchain scalable. Sharding is a technique of dividing up blocks so they can perform transactions independently and at the same time, before bringing them together again to add a full block onto the end of the blockchain.

With sharding, platforms can process transactions exponentially faster. Zilliqa can perform many thousands of transactions per second, and the extra speed opens up blockchain technology to a whole range of different uses. The Zilliqa platform has already been used for finance, gaming, and advertising applications.

Ways to invest in Zilliqa

The easiest way is to use a broker or cryptocurrency exchange. You can sign up in a matter of moments and start buying, selling, or trading coins straight away.

This method is best whether you’re interested in making lots of trades quickly to benefit from short term price changes, or want to hold for the long term. The links below take you to more information about the different ways of investing.

Get started guides

What is Zilliqa?

Zilliqa is a platform for building decentralised applications. Its big selling point is its speed, as it can process transactions a lot faster than other blockchain platforms. The Zilliqa coin is an important part of running the platform, or it can be traded on the market like any other digital asset.

The best route to understanding Zilliqa runs through our Ethereum 101 course. The two platforms are similar, and by learning about Ethereum you can get a good grounding in how Zilliqa works. Use that as a jumping-off point so you understand what you’re investing in.

How to invest in Zilliqa

There are lots of different ways you can get involved. The best way for you depends on how quickly you want to see returns, how much you want to invest, and what you want to do with your coins. Use the list below to learn more about each one before you make a decision.

Where can I invest in Zilliqa coin now?

1
Min. Deposit
$1
Promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
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Description:
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
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1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
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Full regulations list:
2
Min. Deposit
-
Promotion
User Score
9.3
Sign Up Bonuses
App Available
Supports Multiple Altcoins
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Description:
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally.
Payment Methods
Full regulations list:
3
Min. Deposit
$30
Promotion
User Score
8.7
Accepts 70+ cryptocurrencies
Majority of cryptocurrencies are held in a secure Cold Storage
Buy cryptocurrencies instantly with your credit card
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Description:
CoinGate is a Lithuanian-based fintech company founded in 2014. The payment gateway offers cryptocurrency payment processing services for businesses of any sizes. Permission-based account management, fiat payouts to the bank account and brand new email billing feature are just a few reasons why CoinGate has become a go-to payment processor for many.
Payment Methods
Full regulations list:

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James Knight
Lead content editor
James is the lead content editor for Invezz, covering the stock market, cryptocurrency, and macroeconomic markets. Outside of work, James is an avid trader and golfer… read more.