Zilliqa

Zilliqa is a public, permissionless blockchain platform designed to offer high transaction throughput and scalability. It achieves this by employing a sharding technique as a second-layer scaling solution, allowing the network to process transactions in parallel across multiple shards. The platform was officially started in development in June 2017 and launched its mainnet in June 2019. Zilliqa was conceived by Prateek Saxena, an assistant professor at the National University of Singapore, and the project was subsequently developed by Zilliqa Research, a company co-founded by Saxena along with other industry veterans. One of Zilliqa's key features is its use of a practical Byzantine Fault Tolerance (pBFT) consensus protocol, which requires at least two-thirds of the network nodes to agree on the accuracy of a transaction record before it is added to the blockchain. This, combined with the sharding architecture, allows Zilliqa to process thousands of transactions per second, addressing the scalability issues that have plagued many other blockchain networks. Zilliqa aims to become a leading blockchain platform for enterprise-scale applications, particularly in industries such as advertising, gaming, entertainment, and financial services. The project's team has stated that the platform seeks to "rival traditional centralized payment methods such as VISA and MasterCard" in terms of transaction throughput and speed.