Crypto Zombie on youtube has apparently been fudding Zilliqa saying that based on a rumor he heard at consensus the ZIL team is abondoning sharding. This makes little sense to me considering sharding is their entire project. Also, they have run an internal testnet at 2k+ tps and have a public testnet working right now on more than 1 shard.
My main question here is for the user earlier today who said the pBFT consensus mechanism was unsafe. Can you explain? From my research this seems to be one of the better consensus mechanisms created so far. In order to attack you need to have 2/3rds of the nodes in any shard be byzantine (versus 51% in most other chains) which is virtually impossible statistically.
Supposedly the 2/3 number and the 2K+ number is very subjective and cant be reproduced mathematically. I hope its not true because Im carrying fairly heavy bags of this shit.
Grayson Davis
Can you share the link?
Jaxon Kelly
No one knows, and we'll likely never know until mainnet, assuming it doesn't get delayed. I hopped off the ride at the $1B valuation point after doing a 5x, but I'll get back on if mainnet goes well. There's no reason to believe one way or another that ZIL will/won't work.
Bentley Collins
can you elaborate on this? I have big bags too and this is the most promising project in crypto if they can pull it off. Everything seems sound from the research I have done so far. In fact it was the math that dictated the 2/3rds fault tolerance in the first place.
You mean those numbers were hypotheticals and they are having trouble reproducing them or mathematically proving them? I will check out how the test net is doing tonight but I really thought this was sound. I know they did reach 2k+ tps using AWS nodes.
Do you have a link or can you try to explain in a bit more detail. Especially about the consensus specifically.
The ZIL mod in the subreddit claimed the rumors are false fwiw (what else would they say though, other than not respond at all).
I believe ZIL and ENIGMA present together at Consensus, anyone know when this is exactly?
Jonathan Phillips
I hope you accumulate as musch as possible, this coin must be more p&n resistant. Do it user, the recovery is starting anyday now.
Justin Adams
>much >p&d
Nathaniel Long
>pbft I wouldn't be affraid, since eth miners with their rigs becoming worthless day after day, while zilliqa uses the same algo and doesn't give a fuck about asics. Also we, investors, are going to mine it just to protect our investment and for fun. So yes, since zil mining doesn't make your pc/rig obsolete when asics are used, and since it doesn't take much electricity to mine, I think it will be pretty hard to attack zil.
Grayson Harris
Also shards are changing every 20 hour and the team is working on decreasing this time. 2 m block * 600 nodes = 20 hours. They want to decrease the block time (probably already did) and so every shard will exist only ~10 hours if they aim to make blocktime = 1min
Lmao when do results actually matter? Look at fucking tron. If you are buying based on tech, you are literally trying to pick the one shit coin out of 10,000 that will actually have a working product in 2-3 years, THEN you might make some money. Or you can just ride Zilliqa for near guaranteed 10x pump then sell your bags on newfags before zilliqa even releases jack shit. Its like buying tron at 1 cent.
Jaxon Reed
virtually as in 1:1,000,000 odds from their FAQ.
Tyler Gonzalez
yea this is obv plan a. Going to dump a ton on the mainnet pump.
This is the one coin i somewhat care about though and would like to see work out. I would only consider holding this and some eth/btc long term. I am actually learning scilla to write smart contracts on Zilliqa.
Chase Roberts
Lads I'm planning to buy into ZIL when it hits around 1800. Good idea or you reckon it'll go lower before pumping again?
This is the first ZIL FUD I have seen so far. I'm pretty sure people are just trying to dump the price as much as possible to find a decent entry point. Especially since ZIL has big announcements scheduled in exactly a week
Ayden Cooper
not yet. they are supposed to be adding them to the testnet soon. this may be part of the announcement on the 23rd
Andrew James
if staggered buys every 50 SATs starting at 1852 (grabbed some at 1902 already)
Luke Rodriguez
What website is that?
Andrew Sullivan
Staggered down to 1800? So you think it will bottom out around 1800?
Parker Campbell
This is amazing FUD user, thanks. I'll continue to buy leading up to the massive announcements this week and next.
if you're buying tron and ada over zil you can't be helped, im sorry.
also shocked at the substance in this thread. shows that ZIL holders aren't fucking idiots and have obviously DYOR.
Jayden Hill
this could easily be the last chance to grab this under 2000 sats. they have a joint conference with enigma tomorrow
Ethan Rodriguez
But every time a 'big announcement' happens coins dump from faggots seling the news...
Has there ever been a time when a coin has actually pumped from a big announcement?
Tyler Richardson
dumps happen on announcements if they are really hyped or if the coin has been pumping pre announcement. there has been zero hype about the eng zil conference tomorrow no-one even knows about it. we have just been crashing from the massive Korea listing pumps.
I expect there to be some price increase before the 23rd though. It might dump some after but to be honest I expect any good news to actually pump. this coin isn't shilled at all, no-one really knows much about it besides people who actually research coins. shocking actually how little attention this coin has gotten so far. Pajeets stick to their idex PnDs, Tron, and Ripple. Normies don't know about it either. Zilliqa holders are generally more intelligent so they tend to be less weak handed and irrational so I think most will hold most of their stacks through the announcement to see what happens. We are still far from mainnet pump and have been organically growing (besides upbit/bithumb) since 350 sat low.
Matthew Collins
Very interesting. I'm ladder the buys until all in (except for all my LINK bags obviously) as soon as we hit 1850.
