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Zilliqa seeks to be the platform for developers and enterprises who want to build DeFi applications. The mainnet of Zilliqa launched in 2019 after the project was initially born at the National University of Singapore. The blockchain has a special focus on the application of sharding. Just like you would see with shards in a broken light bulb, blockchains also can also be broken down into smaller pieces so the data could be accessed more easily and quickly. Zilliqua’s unique approach to eco-friend mining has also garnered attention. The Zilliqa consensus mechanism has reduced the carbon footprint of mining because only 1 minute out of every 2-3 hours needed to mine Zil. In total, Zilliqa is fastly growing ecosystem with over 60 teams from 20 countries contributing to it. Three major tenants of the Zilliqa blockchain are that its censorship-resistant, Sybil resistance, and that it has a smart contract-based economic defence.
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Where is the best place to buy Zilliqa?
The best place to buy Zilliqa is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Zilliqa and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
How is the price of Zilliqa determined?
The price of Zilliqa is determined by the forces of supply and demand in the market. Similar to other assets, the price of Zilliqa is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Zilliqa are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
Can I buy Zilliqa with credit card?
Swyftx does not allow you to directly buy Zilliqa with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy Zilliqa instantly.
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