Zilliqa token is well known as the very first blockchain that began its journey of utilizing the Sharding technology. Talking about the technology used in the creation of this token, it provides the blockchain with the capability to carry out numerous transactions that occur within seconds. Also, the technology enhances its expandability and safety. ZIL token can be considered a utility token in the Zilliqa network that is utilized to carry out the dealings on the network, and along with this, carry out smart contract creation.

Moreover, it should be noted that there is also a possibility of staking ZIL coins and even acquire a staking reward for the same. Well, it won’t be wrong to say that this is the first public blockchain program that is particularly known for its early enactment of an expandability solution that splits the dealing authenticating nodes in the blockchain networks into smaller segments that are better called by the name – shards.

Shards, in particular, are responsible for authenticating micro blocks with other shards at the same time. Also, the micro blocks are eventually amalgamated to generate a single block on the blockchain. This is deliberated to enhance the speed of the processing of the transactions on the blockchain.

How Zilliqa Started in the Crypto Space

Zilliqa was launched in June of the year 2017 and was co-founded by Amrit Kumar, who is also the president and CSO of the firm. As far as the initial funding round was considered, the project managed to raise around $22 million worth of Ether via an initial coin offering in January 2018.

In addition to this, it should be noted that the overall supply of Zilliqa is restricted and is 22B Zillings, which is the native crypto of the program.

Initially, the tokens were introduced on the Ethereum blockchain as ERC-20 tokens and were traded out for ZIL tokens at the mainnet launch that occurred in the year 2019, when Zilliqa allowed dealings within the first three months of its mainnet.

Moving forward to the second quarter following the mainnet launch, the firm introduced smart contract generation on its program, which meant that the developers were allowed to write and introduce the contracts utilizing Scilla – the programming language of the blockchain.

Through fragmenting, the firm asserts the dealing productiveness of its blockchain communicates to and enhances the number of nodes present in the network. It seems that crypto has a great future ahead and often, it is considered to be one of the most underrated cryptocurrencies that are there in the market. Talking in terms of technology, undoubtedly, ZIL competes with Ethereum and Cardano, the one that is called the Ethereum killer.

As per the data revealed by the leading market numismatists, ZIL has already been placed in the list of top 30 cryptocurrencies on leading market data websites.

How to Buy Zilliqa Token?

As the coin is constantly growing along with the interest of crypto fanatics and investors, a lot of people out there interested in the project are trying to find out ways of buying the coin. Moreover, people are struggling to find out where to purchase Zilliqa coin, how to buy ZIL, and other required particulars regarding the exchanges.

There are numerous ways to buy ZIL coins, such as using a credit card or some crypto exchange. However, you can purchase ZIL from one of the leading crypto exchanges in the industry, Binance, as it has now been made accessible for users to trade. This has added a lot to the growth of the crypto, as after being made accessible on the Binance program, the crypto has acquired exposure in over 170 countries.

Further, it should be noted that you can buy ZIL for cash, from P2P sources, for other cryptocurrencies in swapping, from bank and wire transfer, from various decentralized exchanges, and with credit/debit cards.

Moreover, which is more important than knowing how to buy is to know how to sell ZIL once you have purchased the coin, as it is the one that will be providing you with profits from the market.

Is It Safe to Buy Cryptocurrency?

Well, as of now, it remains a statement to question again and again as these are the early days of the introduction of cryptocurrencies, as well as centralized and decentralized exchanges. As a result of this, it is important to choose suitable hardware and ERC20 compatible wallets.

Moreover, at present, there are not many regulations and rules for crypto exchanges, so it can not be said that keeping your purchased tokens and coins on an online exchange is completely safe.