Zilliqa Update: Up 190% Over Past Month on Testnet Launch and Exchange Listings

Zilliqa's price continues to increase after the successful launch of its testnet and addition of new exchange listings.

Zilliqa is a public, open source blockchain platform that scales transactions linearly through the use of sharding.

According to the Zilliqa whitepaper, if the current 30,000+ Ethereum miners moved over to Zilliqa, its blockchain could support over 1000x the transaction capacity.

Zilliqa utilizes proof of work in order to establish mining identities but performs consensus checks at a much more local level with sharding.

If Zilliqa has 8000 miners, it will automatically create ten sub-networks of 800 miners each.

Another possible reason for Zillia's massive price increase is the anticipated launch of Scilla, a new smart contract language created by the Zilliqa team.

Zilliqa is currently an ERC20 token, meaning it runs on top of Ethereum but plans to launch it's mainnet in Q2 2018.

Upon mainnet launch, Zilliqa ERC20 token holders can swap their tokens for mainnet Zilliqa at a 1:1 ratio.

Do not send any ERC20 Zilliqa tokens to the projects Testnet or they will be unrecoverable.

In addition to its Q1 Testnet V1 and Smart Contract Alpha release, Zilliqa saw exchange additions to Binance, Upbit, and Bithumb.