what's Zilliqa?

Zilliqa is a scalable layer-1 blockchain platform that utilizes sharding technology to achieve high transaction throughput. By dividing the network into multiple shards, it processes transactions in parallel, enabling greater efficiency compared to non-sharded blockchains. The platform employs a hybrid consensus mechanism combining proof-of-work for seed node selection and practical Byzantine Fault Tolerance for transaction validation, ensuring security while maintaining speed. Zilliqa supports smart contract development through its native language, Scilla, which prioritizes formal verification to enhance security and prevent common vulnerabilities. It has also integrated Ethereum Virtual Machine (EVM) compatibility, allowing developers to port Ethereum-based decentralized applications (dApps) seamlessly. This dual support broadens its appeal for building dApps in sectors like decentralized finance (DeFi), gaming, and non-fungible tokens (NFTs). The ecosystem focuses on institutional-grade solutions with features for regulatory compliance and sustainable tokenomics. Zilliqa's native token, ZIL, powers network operations, staking, and governance, fostering a vibrant community of developers and users through initiatives like the Zilliqa Valley.

Zilliqa's mainnet hardfork on Feb 5, 2026, enables Cancun EVM and faster QUIC networking.

contract