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Canadian Dollar (CAD) to Zilliqa (ZIL) Instantly

Purchase Zilliqa (ZIL) with Canadian Dollar (CAD) easily at Switchere and benefit from fast, secure transactions.

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About
Zilliqa (ZIL)

Zilliqa (ZIL) is a high-throughput public blockchain platform designed to address the critical issue of scalability that has challenged many earlier decentralized networks. Its core innovation lies in the practical implementation of network sharding, a technique that divides the network into smaller, more manageable groups of nodes (shards), allowing for parallel transaction processing. This architectural design significantly boosts its transactions per second (TPS) capability, positioning Zilliqa as a robust digital ledger for demanding decentralized applications (dApps). The platform utilizes a practical Byzantine Fault Tolerance (pBFT) consensus mechanism within each shard, ensuring cryptographic security and efficient agreement on transaction validity.

A key distinguishing feature of Zilliqa is its custom-built smart contract language, Scilla (Secure Smart Contract Intermediate-Level Language). Scilla is designed with security at its forefront, aiming to prevent common smart contract vulnerabilities by separating state from function and performing formal verification. The native utility token, ZIL, is integral to the ecosystem. It serves as a medium for paying transaction fees, executing smart contracts (gas fees), and participating in staking to secure the network and earn rewards. Zilliqa's tokenomics also previously involved a governance token, gZIL, though ZIL itself remains central to on-chain operations.

Zilliqa aims to be a foundational Web3 infrastructure, particularly attractive for dApps requiring high transaction throughput and a secure smart contract environment, such as in gaming, digital advertising, and financial services. Its pioneering work in sharding provides a scalable solution for developers building complex DeFi applications and other on-chain systems, contributing to the broader evolution of blockchain technology and the digital asset landscape.

Zilliqa (ZIL)

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How to Buy Zilliqa (ZIL)

  1. Select currency menu

    Choose CAD to ZIL Pair

    Select your preferred payment method and enter the amount.

  2. Crypto address page

    Enter Your Zilliqa Wallet Address

    Provide your ZIL wallet address and proceed with the payment.

  3. Confirmation page

    Receive Your Zilliqa

    Complete the payment, and your ZIL will be sent to your wallet.

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Frequently Asked Questions

  • What is the primary method for buying Zilliqa (ZIL) with Canadian Dollars (CAD)?

    The most common method to buy Zilliqa (ZIL) with Canadian Dollars is through a centralized cryptocurrency exchange that serves as a CAD fiat on-ramp. Users typically undergo KYC/AML compliance, fund their account using Interac e-Transfer or a bank wire, and then execute a trade on the CAD/ZIL trading pair. This provides direct access to the Zilliqa network's native asset.

  • After purchasing ZIL with Canadian funds, how can I participate in network security and earn rewards?

    Once you've acquired ZIL, you can transfer it from the exchange to a secure digital wallet to participate in staking. By delegating your ZIL to a Staked Seed Node (SSN), you help secure the network which utilizes practical Byzantine Fault Tolerance (pBFT) for consensus. In return, you can earn staking rewards, which often include both ZIL and the gZIL governance token.

  • What are the typical fees and transaction speeds involved when purchasing ZIL with CAD?

    The process involves two stages. First, funding your exchange account with CAD via Interac e-Transfer is often fast and carries low to zero deposit fees. Second, the exchange will charge a trading fee for the conversion. Once acquired, sending ZIL on its native blockchain is extremely fast and cost-effective due to its efficient sharding architecture and pBFT consensus mechanism.

  • Why would someone specifically use CAD to acquire ZIL for its technical features?

    Using CAD for a direct purchase allows developers and users to immediately engage with the Zilliqa ecosystem, renowned for its pioneering implementation of sharding technology for high-throughput transactions. This is crucial for building and using scalable decentralized applications (dApps) written in the secure-by-design Scilla smart contract language, benefiting from the network's low transaction fees.

  • Are there specific Canadian exchanges known for good liquidity on CAD/ZIL pairs?

    While platform availability can change, several Canadian crypto exchanges facilitate CAD to ZIL transactions. When choosing, it's vital to assess the order book depth and trading volume for the CAD/ZIL pair. Higher liquidity ensures a more stable price and efficient execution of your digital asset purchase with minimal slippage.

  • What is the most secure way to store my Zilliqa (ZIL) and its related assets after buying?

    For optimal security, it is highly recommended to move your ZIL from the exchange to a non-custodial wallet where you control the private keys. Hardware wallets offer the highest level of security. This practice ensures true ownership of your assets and allows you to securely hold not only ZIL but also any ZRC-2 tokens you might acquire within the Zilliqa ecosystem.

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