Yesterday, Max Kantelia did an interview on the sidelines of the Paris Blockchain Week. One of the questions he was asked was with regards to the Zilliqa throughput. To this, he gave a very interesting analogy. He stated that,
“…we set out to build the best possible highway we could, one that would allow people to drive their Ferraris and Lamborghini’s on this highway. But we got to remember that these cars are regulated, and you can’t really drive it at 250 miles an hours…The analogy here is that with blockchain Dapps, not everybody needs high throughput. However, I would argue that this isn’t really the point. The point is that we need safer high-speed highways where you cut out the traffic jam, and at this point in time, if you are using any of the other protocols to transact, the time lag is clogging up the system and it’s not acceptable.”
Essentially, Zilliqa is a blockchain that has enough throughput for any types of Dapps, and they can all run smoothly without any lags in the system, which is what is needed, if blockchain technology is to ever go mainstream. He also touched on a number of other issues including the partnerships that Zilliqa (ZIL) has made so far. The key one being the advertising project that they are piloting in South East Asia with Mindshare.
From this interview, it is easy to decipher that Zilliqa is a high-value blockchain, one that has the potential to make it big in the long run. That’s because, in the long run, only the most efficient platform blockchains will survive, and Zilliqa happens to be one of them.
To further entrench Zilliqa (ZIL) in the market, they have been giving grants to worthy projects looking to build on the Zilliqa (ZIL) blockchain. In fact, according to Max, some of the project’s building on Zilliqa (ZIL) has been so successful that they are considering giving them a second round of grants. This is a sign of success, and as more of these projects build on Zilliqa, the value of Zilliqa (ZIL) will rise as well.
Based on all these factors, Zilliqa (ZIL) comes across as a high potential blockchain, one that has a high likelihood of outperforming the market in spite of all the current fluctuations in the market. One just has to take a long-term to it. The current fluctuations are typical of any new market, as it tries to find balance. However, as more people move to adopt blockchain technology, prices will stabilize, and good projects will experience more organic growth. It’s the same thing that was happening to the likes of Amazon and Apple before they finally stabilized and grew to the levels they are today. In the long run, a forward-looking blockchain like Zilliqa could be worth multiple times what it is worth today. In fact, in an environment of mass blockchain adoption, Zilliqa (ZIL) rising to a dollar or more, would not be as wild as it may seem today.