|Latest DS-Block Mined||3,867 DS-Block|
|DS-Block Mined (24h)||15 blocks|
|Newly Minted Supply (24h)||3,955,479 ZIL|
|Newly Minted Supply (Annualized)||12.0%||1,443,750,000 ZIL|
|Circulating Supply||57.3%||12,034,204,557 ZIL|
|Max Supply||21,000,000,000 ZIL|
Zilliqa (ZIL) aims to improve the scalability of blockchains using Sharding. Sharding is a way of segmenting transactions for miners to perform parallel verifications. According to the white paper, its throughput could hit 1000x that of Ethereum.
Zilliqa uses a mix of Proof-of-Work consensus for node identification and Practical Byzantine Fault Tolerance (pBFT) for processing transactions. A fixed mining reward of 263,698.630137 ZIL is distributed to miners every 100th transaction block or every directory service block (DS-block).