ZIL is a cryptocurrency that was launched in 2017 and operates on the Zilliqa blockchain. Zilliqa is a high-performance, secure and scalable platform that is designed for decentralised applications (dapps) and has a focus on enabling smart contract development. The ZIL token serves as the native currency of the Zilliqa network and is used to incentivise network participants and pay for transaction fees. Additionally, the token is used as a means of exchange within the network and is also used to participate in the governance of the Zilliqa ecosystem.