CRYPTO NEWS & DATA SPACE

CRYPTO NEWS & DATA SPACE

Zilliqa Partners with CoinRabbit

Published on:

Zilliqa partners with CoinRabbit to get an instant loan with no credit checks and no KYC requirements.

Introducing Zilliqa

Zilliqa is a user-friendly platform that allows you to easily create secure DApps. Therefore, the platform offers some of the most common features like transaction settlement, token issuance, and smart contracting. In addition, developers can even use Scilla (Zilliqa’s proprietary language) for executing smart contracts and building various DApps.

The best thing about the Zilliqa network is that the transactional costs are extremely low. So, you can expect speedy transactions at low rates. On top of that, Zilliqa is a highly-scalable network because, with an increase in the number of users, you can directly increase the sharding. However, mining ZIL tokens is cost-effective, making them accessible to even lower-powered hardware.

ZIL Coin Unique Features

Are you thinking, what does Zilliqa coin do? Here, you will find the right answer to this question. ZIL coins are used to maintain the complete operability of the Zilliqa network, along with sending transactions and executing programs.

Now, you know what is Zilliqa coin, so they are going to focus more on its features over here. Zilliqa partners with CoinRabbit, so some of the key features of the ZIL coin are:

  • Provides faster transaction speed as well as high throughput
  • Issue of scalability is resolved because of sharding
  • Better control opportunities for developing and adding new nodes in the blockchain network
  • The consensus protocol of the Zilliqa network is secured through elliptic-curve cryptography.
  • Transaction cost is extremely low
  • You can also stake your ZIL coins to earn some extra coins.
  • 1st blockchain network to work with the technology of sharding

Why use ZIL Coin as a Collateral

Now, you know a lot about ZIL coin, its features, and also its network. Currently, the Zilliqa coin price is around $0.04. Are you thinking, why is Zilliqa pumping? Then the reason behind it is its sharding technology.

A few other reasons that will make it clear why you should get Zilliqa loan are listed below:

  • You can spend the received crypto loan in any way you wish.
  • You won’t have to switch to any other crypto or even sell your tokens when you take out a ZIL loan. You will get to own them.
  • There are no time frames for crypto loans on CoinRabbit. So, you can repay at your convenience.
  • CoinRabbit allows you to get quick crypto loans with no requirement of KYC or credit checks.

Even if there are market fluctuations, you won’t have to worry about your crypto value degrading when you get Zilliqa loan.

About Zilliqa

Zilliqa is a blockchain platform that uses sharding for user scalability. Currently, it is competing with all the other blockchain platforms out there to grow a complete ecosystem of decentralized applications for every user’s ease.

Website | Twitter

About CoinRabbit

Borrow crypto at any market conditions (minus the usual hassle of crypto loans).

Website | Twitter

SOURCE:

https://coinrabbit.io/blog/zilliqa-partnership

Related

Market Stats:
BTC Dominance: 42.53%(-0.24%/24h)
ETH Dominance: 15.47%(+0.42%/24h)
Defi Market Cap: $38.23B(+18.88%/24h)
Total Market Cap: $961.57B(+1.98%/24h)
Total Trading Volume 24h: $62.36B(-2.01%/24h)
ETH Market Cap: $149.08B
Defi to ETH Ratio: 25.65%
Defi Dominance: 3.8%
Altcoin Market Cap: $552.66B
Altcoin Volume 24h: $38.27B
Total Cryptocurrencies: 19999
Active Cryptocurrencies: 9946
Active Market Pairs: 58876
Active Exchanges: 523
Total Exchanges: 1683