Zilliqa Undervalued High Speed Blockchain Project - December 2017

in #zilliqa7 years ago

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

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Zilliqa is listed as ZIL. Trade now. To the moooooon !!!!!

https://steemit.com/zilliqa/@bernardmadoff/etherdelta-listed-zilliqa-zil

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https://docs.zilliqa.com/whitepaper.pdf

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