If you stake or are interested in staking crypto, and have been waiting for the Ethereum Foundation’s long-awaited transition to Proof-Of-Stake consensus, you’ve undoubtedly heard that this transition will again be delayed until sometime later in 2022. While you wait for this to be completed, one alternative might be attractive to you as a staker – the Zilliqa blockchain and the ZIL (and gZIL) tokens.
Known for its network security, speedy sharding staking implementation, good return on investment, and a network governance system that rewards the gZil tokens at a ratio of 1000:1, Zilliqa, and via the Ezil pool in particular, might be worth a look depending on your goals.
Citing the official crypto developers’ resource, CoinDesk reported that the Ethereum Foundation has rescheduled the transition to the Proof-Of-Stake consensus algorithm.
The Eth1 and Eth2 networks merger with the subsequent abandonment of mining as a means of transaction validation was planned for late 2021 – early 2022. Now, the developers aim to implement Proof-Of-Stake between Q1 to Q2 2022. Thus, miners receive extra time to withdraw profit from their GPU, which can adversely affect the availability of GPUs in retail.
However, staking enthusiasts shouldn’t just sit around waiting for this big day. Moreover, this is not the first time Buterin’s team has postponed it. Meantime, we offer one up-and-coming project – Zilliqa.
It is one of the fastest-growing blockchains worldwide that offers its users DeFi and the simplest way to create user-friendly dApps. This is an open and transparent platform with marketplaces where users can mint items and turn them into unchangeable and tamper-proof NFTs. Zilliqa embraces Metapolis, a groundbreaking metaverse-as-a-service (MaaS) platform built on the top of Zilliqa blockchain.
The Zilliqa blockchain is safe and secure. It was developed by the brightest minds and experienced people in the industry. The platform offers lower transaction fees and developer-friendly smart contract language. Its consensus protocol was designed with sustainability in mind. As the network grows, the transaction capacity increases too.
As the Zilliqa blockchain is easy-to-handle, even a beginner can create decentralized apps on top of Zilliqa and take advantage of this blockchain’s benefits. dApps bring business to a brand new level as they open smarter options for creative industries, gaming, banking, etc.
In March 2022, the ZIL token became one of the most popular cryptocurrencies, boosting from $0.045 to $0.186, which is a 300% growth. On March 31, the growth was fixed at the level of 321%. Amid such rapid growth, ZIL has become an extremely attractive token for miners, and they started to massively join Ezil Pool, which is a number one pool for Zilliqa. The Ezil Pool made it to the top 10 pools in terms of hashrate. It offers several withdrawal methods, which help ETH miners save up to 20%.
Check out the comparison below:
|Reward method||PPLNS||PPLNS, PPS+|
|Payment method||ETH, Polygon||ETH, Polygon, BSC, OEC, HECO, Arbitrum|
The pool has a user-friendly interface and 24/7 customer support. 2.1% of the world’s ETH and 20.51% of ZIL are mined with ezil.me every day.
As the Ezil Pool has become one of the top mining pools, Zilliqa is an up-and-coming project with one of the fastest blockchains and the most convenient platform for creating dApps, it’s safe to say that mining ZIL is a reasonably good choice.