Community Trust ScoreVerified
Zilliqa Expressed: Ah, the power of decentralised governance. RIALTO has been chosen as the name for our artist-first NFT marketplace. Over US$2.4M worth of gZIL used to exercise voting rights made this happen.
Community Reaction: With those extraordinary use cases, why is gzil dying talking about price? I can’t believe it, right?
For those wondering what Rialto means. I have no idea how to pronounce it.
Rih-Alto
I have tried to vote, but when I clicked submit on zilpay nothing happened when the vote was active. And nobody answered me if it is related because my zilpay wallet is paired with ledger. Is this the reason just for next time to know? Zilpay should pop up a second screen that asks you to sign. There is no gas fees associated but you’ll see a digital signature request.
Not really Zilliqa. Your governance states 20% quorum. This didn’t reach 20% so how is this decentralised governance?
Naming their marketplace doesn’t change the protocol fundamentals. So, it’s more like giving gZil holders a chance to participate at their discretion. Any quorum amount would technically pass as the forum is just a means for participation.
Otherwise, Zilliqa expressed: ZILFAM. We are now on Huobi Global with them being a SSN Operator for us. Stay tuned for more as they’ve got special things in store for us this. Keep your eyes Peeled.
Other insights about Zilliqa have to state that there is significant increase in social volume, due to the exponential interest in the upcoming Metaverse (i.e. Metapolis). The Metapolis is releasing in three development phases. Full release of the Metapolis is expected in Q1.
In terms of price, while the price of ZIL is bouncing back the gains are limited.
For those who are new, Zilliqa is the first blockchain being one of the first projects to advocate for the now-popular sharding technology.
Sharding is the technology which focuses on improving the throughput and speed of a blockchain project. Sharding breaking down blocks into smaller pieces. These pieces are known as shards.
The sharding technology is becoming very popular. Zilliqa is not having a good time in term of price over the past few months. The price of Zilliqa has crashed by over 75% from its highest level in 2021. Eventually, the market capitalization has declined to less than a billion dollars. Thus, it has been overtaken by some newer projects like Solana and Fantom.
