Singaporean company building a high speed blockchain

Headline

Blockchain for high speed transactions

Advantages

• Strong investors (FBG)
• Strong value proposition of 1000x faster transaction speeds than existing blockchains
• Strong use case of running large-scale computations that can be easily parallelised
• Strong development -> Developed for over 2 years
• Strong future plan -> secured proof of stake

What is it?

• A new blockchain that is designed to scale in transaction rates

Why is it Important?

• Existing blockchains have low TPS rates
  • Average transaction rates in Bitcoin, Ethereum and related cryptocurrencies have been limited to below 10 transactions per second.
  • As the number of applications utilising public cryptocurrencies and smart contract platforms grow, the demand for processing high transaction rates in the order of hundreds of TX/s is increasing.
  • A global payment network would likely require tens of thousands of Tx/s in capacity

Core technology

• Sharding
  • Dividing the mining network into smaller shards each capable of processing transactions in parallel
  • As the number of miners in Zilliqa increases, its transaction rates are expected to increase as well
  • Zilliqa’s design allows its transaction rates to roughly double with every few hundred nodes added to its network
  • Ethereum has 30,000 nodes. At Ethereum’s present capacity, Zilliqa would process ~1000x the transaction rates of Ethereum
• Smart contract language
  • Follows a data flow programming style which makes it ideal for running large-scale computations that can be easily parallelised. E.g. Search, sort, training neural nets, data mining, financial modelling, scientific computing and MapReduce

Valuation

• Low circulating market cap: ~$20m
• Potential circulating market cap: $1bn+

Summary

• This is a high quality blockchain project
• The circulating valuation $20m
• Zilliqa has the potential to become a $1bn+ circulating supply blockchain in the next 3-6 months

Telegram

• https://t.me/zilliqachat