Zilliqa is a third-generation blockchain concerned with solving the scalability problem. Whereas earlier currencies struggled to maintain transaction speeds as user numbers began to climb, Zilliqa believes the answer lies in sharding—a practice which divides the network into sub-units called shards, each of which is made of up to 600 nodes. Each shard effectively operates as its own blockchain, processing transactions separately.
Zilliqa was founded by a team of computer scientists from the University of Singapore and the University of California in 2017. Its native currency, ZIL, is an ERC-20 token.