SummaryZilliqa is a layer 1 blockchain that is built for fast transactions through sharding.The network activity has cooled off after a big spike in active addresses from 2020 to early 2021.The development team is working on a video gaming ecosystem that rewards players through a console device with Zilliqa integration.With over 21,000 cryptocurrencies now on the market according to CoinMarketCap, some of the coins that have been around for 4 or 5 years can be forgotten while newer tokens capture the interest of speculators. One coin that probably fits that mold is Zilliqa (ZIL-USD). Despite claiming a fast and scalable blockchain, ZIL has quietly maintained a presence in the top 100 but is rarely mentioned among potential long term layer 1 winners. Zilliqa has been in the news lately after announcing a Web3 gaming console launch to come in 2023. In this article, we'll take a brief look at the token and the network before we dive into the gaming console.Network and TokenZilliqa was first conceived in 2016 by Prateek Saxena and several other students at the National University of Singapore School of Computing. It is claimed to be the first blockchain that used sharding. Sharding is the process of segmenting transactions to different blockchain node groups so that all of the nodes on the network don't have to store every single transaction. This theoretically increases the scalability of a blockchain because transactions are don...
