In this last part (Part 5) of YouTube video mini-series, broken into several parts, I am going to deep-dive into Zilliqa and how it works, and share on whether Zilliqa is a good long-term investment. - Zilliqa alliance with Poly Network Bridge - Benefits of the Poly Network Bridge - Launch of the Pillar Protocol - How Pillar Protocol allows leveraging of existing assets - Why Zilliqa is a good long-term investment Watch all parts here: Part 1: https://youtu.be/GZYGTDrLPds Part 2: https://youtu.be/pDdWWFmPe_E Part 3: https://youtu.be/o5Rxy_sIdAA Part 4: https://youtu.be/8Nrqk-6zfjE Part 5: https://youtu.be/7byFLO9Gl0U By Zilliqa Zebra, a grazing investor and an ardent supporter of the Zilliqa initiative. Zilliqa alliance with Poly Network BridgeThe first major project that I'm going to cover is the Poly Network interoperability alliance with Zilliqa. The interoperability bridge will allow free flow of assets cross-chain amongst Zilliqa, Ethereum, Neo, Ontology, Binance Smart Chain and so on. Blockchains such as Zilliqa, Ethereum, Bitcoin, etc., are independent and disconnected networks. Their disconnectedness is mainly due to the fact they are very different systems in the way they validate transactions and store on-chain data. Poly Network solves this fundamental issue by creating an interoperability layer that connects several chains together in a decentralised manner. Benefits of the Poly Network BridgeThrough the Poly Network bridge, token holders and developers alike will benefit from Zilliqa’s comparatively lower transaction fees. With the bridge, developers will also be able to build cross-chain logic in their Scilla smart contracts in order to integrate them with smart contracts on all other supported blockchain. Switcheo’s DEX will also provide liquidity pairs which will enable users to earn trading fees and $ZWAP liquidity mining rewards. Launch of the Pillar ProtocolWe are also waiting for the launch of the Pillar Protocol, which is a dapp on the Zilliqa blockchain. Once generated, bought, or received, Pillar can be used in the same manner as any other crypto-currency: it can be sent to others, used as payments for goods and services, and in the future, even held as savings through community features built on top of the Pillar Protocol. How Pillar Protocol allows leveraging of existing assetsPillar Protocol allows them to take "leverage" on their existing assets. Say you have 1000 USD of ZIL. And you believe that the price of ZIL will still be going up. You can now collateralize your 1000 USD of ZIL and obtain say... 300 USD of Pillar. Which you can then use to buy more ZIL. And as long as the gains you make from your Zil exceed that of the Pillar interest, it's a profitable endeavor. Why Zilliqa is a good long-term investmentWith both projects coming onboard, there will be a greater utilisation of ZIL, as well as a higher volume of transactions which bodes well for Zilliqa as a whole. With more practical demand for Zilliqa, more exchanges are likely to list ZIL, making this a worthy long-term investment, not unlike Ethereum in its earlier days.
I hope this five-part series have been useful for you. Happy investing!
0 Comments
Leave a Reply. |
AuthorZilliqa Zebra provides news, updates, how-to, guides and all things related to the Zilliqa, the first public blockchain to implement sharding on its mainnet. Zilliqa Zebra is an ardent supporter of the Zilliqa blockchain. ArchivesCategories |