Zilique is an innovative blockchain platform pioneering the use of sharding to securely scale an open, permissionless distributed network. Sharding, or the division of the network into smaller component networks, allows for improved transaction speeds as transactions are processed in parallel. As sharding increases, transaction rates increase, making ZIL one of the first scalable blockchain-based payment processor.
ZIL aims to take on market leaders in payment processing such as VISA and Mastercard with its unique financial technology. Sharding will allow ZIL to achieve a competitive throughput rate similar to market leaders with sufficient sharding in place. Finally, ZIL’s unique consensus mechanism ensures for an energy efficient and stable network boasting lower merchant transaction fees