Cryptocurrency Q&A
What is Zilliqa coin used for?
What is Zilliqa coin used for?
KimonoElegantGlitter
Thu Nov 07 2024
|
7 answers
1559
Zilliqa coin (ZIL) is primarily used as the native token within the Zilliqa blockchain platform. It facilitates transactions, payments, and smart contract executions, leveraging the platform's high-throughput capabilities. ZIL also serves as a reward for miners within the network, incentivizing participation and securing the blockchain's decentralization.
7 answers
GeishaMelodious
Sat Nov 09 2024
ZIL serves as the foundational token of the Zilliqa blockchain.
Was this helpful?
159
66
ShintoMystic
Sat Nov 09 2024
This digital asset plays a crucial role in the execution of smart contracts.
Was this helpful?
328
81
Stefano
Sat Nov 09 2024
It also functions as a reward for participants in mining or staking activities.
Was this helpful?
233
28
DongdaemunTrendsetter
Sat Nov 09 2024
ZIL can be utilized to cover transaction costs within the Zilliqa ecosystem.
Was this helpful?
333
51
Sara
Fri Nov 08 2024
As a token, it enables various transactions and interactions on the blockchain.
Was this helpful?
79
51
Load 5 more related questions
