ZIL vs ONE compare

ZIL vs ONE Comparison

Zilliqa (ZIL) and Harmony (ONE) are in direct competition with one another for the top spot in the sharded crypto space. Which is winning out in this ZIL vs ONE competition? Read more to find out. 

ZIL Overview

Dr. Prateek Saxena of the National University of Singapore was the first to conceive of the idea of the project and thus published a paper outlining it in 2016. He then co-founded Anquan Capital with Max Kantelia and Juzar Motiwalla. Together, they created the Zilliqa network in 2017.

Zilliqa uses a sharded network, which results in fast transaction time and high scalability. The shards process transactions one at a time, and as usage increases, so do the shards that facilitate the transactions. 

This coin’s transaction time gives it a high potential for use by large enterprises and could possibly compete with major credit card companies. 

ONE Overview

Stephen Tse founded Harmony in 2017. He has extensive experience in the tech sector, having worked at Apple, Google, and Microsoft. He founded the company together with a dozen other former colleagues. 

Harmony was made for those who need a platform for creating decentralized applications (DApps). DApps on this platform are sharded, which results in faster transaction times. 

Harmony’s uniqueness comes from its ability to process and validate transactions quickly using the sharding process. They also have a Verifiable Random Function for protecting the nodes by randomly distributing them amongst validators. 

Zilliqa vs Harmony: Which Is Preferable?

In this ZIL vs ONE comparison, both coins have their advantages and disadvantages. 

Zilliqa’s advantages are that it is fast, scalable, and has dedicated users behind it. Zilliqa was one of the first companies to start using sharding, and it is way ahead in that respect. As for its supporters, they support it because there was a demand for a platform faster than what was already out there. 

The only downside to Zilliqa is that it is still under development. But once the kinks are worked out, it could be a rewarding investment. 

Like Zilliqa, Harmony is also fast, scalable, and it also has amassed many enthusiastic supporters. Also, like Zilliqa, it is still in development and faces stiff competition from older platforms. 

A Quick Review of ZIL vs ONE Live Price

Despite ZIL’s fantastic specifications, it has performed very badly since it was rolled out. 

ZIL was selling at $0.12 when the ICO was done, and then it just tanked without a pump-and-dump required. Only about a dozen times since the ICO has it risen above its initial selling price. 

Recently, though, interest has ticked up, with the coin reaching record highs in late winter and early spring of 2021, when it hit $0.23 in April. But it collapsed in May towards less than $0.05 per coin. 

Harmony has done much better than ZIL in terms of growth. 

After the ICO, it plunged below its initial selling price but made a remarkable recovery starting in February 2021. It has seen four sharp drops since, but it has never fallen below its initial value of 0.021. 

To Sum Up: ZIL vs ONE

Zilliqa vs Harmony are direct competitors, and it looks like Harmony is winning the battle despite ZIL’s excellent underlying technology. Unfortunately, ZIL has not caught on as much as Harmony. 

In terms of what looks to be a better investment, Harmony wins hands down, and it will keep increasing in value through 2023 if it can get through the current interest rate hikes on the way from the US Federal Reserve. 

It’s not that ZIL is a lousy coin, quite the opposite, but it just hasn’t performed as well as Harmony. 

But Zilliqa versus Harmony battle is not over yet. Anything can happen, as ZIL has the potential to be just as useful as Harmony at conducting transactions.