Singaporean company building a high speed blockchain

Headline

Blockchain for high speed transactions

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

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

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

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