Arax Team has expanded its platform a little more by adding another coin in its list of supported cryptocurrencies.
We have good news for all Zilliqa (ZIL) crypto token holders! You can now store, transact and exchange your favorite ZIL coin in your Arax Crypto Wallet.
Arax managed to stay true to its promise of adding new coins and tokens to its growing list every week. This week is no different and we are bringing to you what we promised, making our Arax Wallet a little more Universal.
Zilliqa is a cryptocurrency project that aims to make blockchains faster and more scalable. It uses sharding technology to streamline the consensus process so that Ethereum and other blockchains can host distributed applications or provide rapid transaction processing successfully. Zilliqa team proposed the theory of sharding in a paper in 2015, and since then this protocol has been under research, refinement and active development. In fact, this is the first ever Blockchain platform that has executed data sharding. It has also managed to accomplish a throughput of 2828 transactions per second in its test net.
The platform is among the few projects that seem to be gaining favor from different facets in the financial services sector. The throughput scaling of Zilliqa is almost linear. It ensures the growing capacity of the Blockchain platform that accommodates the growing demand.
At launch, Arax supported 12 cryptocurrencies across different Blockchains. We had made a vow to our community to make new additions of coins every month. Staying true to our word, we have successfully integrated 5 new coins and now support 17 cryptocurrencies across 7 Blockchains.
Arax now supports Bitcoin, Stellar, Ripple, Litecoin, Ethereum, LALA Token, 0X, Binance, Basic Attention Token, OmiseGo, TrueUSD, Tron, EOS, DAI, Lisk, Polymath and now ZIL.
Arax also offers various in-app services including mobile bill payments & recharges via cryptocurrencies. We also offer instant cryptocurrency conversions, and remittance (to be live soon). You can also send crypto with its industry-first feature “Nearby” via GPS instantly. It is a single storage app for multiple digital assets that gives each user true immutable ownership.
We are making every effort to bring the best services to our users and expand our partnerships. Follow us on our social media channels for more updates. We extend our heartfelt gratitude for your undying love and support.