Zilliqa (ZIL) is a blockchain platform designed to scale securely in an open, permissionless distributed network. It uses a method called sharding to try to solve the scalability problems that many blockchain systems have. Through a process known as sharding, the network is divided into smaller node groups, or shards, that execute transactions concurrently. As a result, Zilliqa can reach tremendous throughput without compromising decentralization or security.

Additionally, Zilliqa has a smart contract language called Scilla, which is intended to improve security and make formal smart contract verification easier. The native cryptocurrency of the Zilliqa platform is called the ZIL token, and it may be used for a number of things, such as paying transaction fees, executing smart contracts, and taking part in platform governance. The platform's blockchain powers a plethora of decentralized apps.

Main characteristics of Zilliqa

It is totally dependent upon the network's shared blockchain.
Addresses the scalability issue by offering a high throughput and quicker transaction rate.
With Byzantine Fault Tolerance, Zilliqa currency is extremely safe.
It gives the blockchain's new node construction process more control.
The Proof-of-work technique is utilized to create shards and give networks identities.
Elliptic-curve cryptography protects its consensus procedure.

Pros of Zilliqua

1). Sharding Technology: It offers sharding technology and is the first blockchain network platform available.

2). No Permission Needed: It operates openly with sharding and doesn't require any permission.

3). Simple Collaboration: Works well in tandem with real-world technologies.

4). Simple scaling: Addresses scaling problems more quickly.

Cons of Zilliqua

1). Requires Turing permissions: It requires Turing permissions for the extremely complicated language procession.

2). Centralization: A higher degree of centralization is indicated by more transactions per second.