High-Throughput Blockchain Platform Zilliqa Teams with FBG Capital

Announcements, Blockchain | November 13, 2017 By:

Zilliqa has teamed with digital asset management firm FBG Capital for the further development of its public blockchain platform.

Created by researchers at the National University of Singapore, Zilliqa aims to solve the issue of scalability of blockchains. It is designed to scale to thousands of transactions per second. The platform is tailored towards enabling secure data-driven decentralized apps, designed to meet the scaling requirements of machine learning and financial algorithms. Zilliqa has been under research and development for two years.

As part of the partnership, FBG Capital will be investing into the project and Zhuo Shuoji, founding partner of FBG and a veteran cryptocurrency trader, will be joining Zilliqa as an advisor to help guide commercial and financial industry adoption of the new blockchain platform.

The company recently announced that their internal testnet has reached a peak throughput of 2,488 transactions per second (TX/s). Zilliqa’s previous internal testnet reported a throughput of 1,389 transactions per second with four shards (2,400 nodes). For the latest internal testnet, they expanded the network to 6 shards (3,600 nodes), and observed a peak throughput of 2,488 transactions per second.

The platform’s source code and public testnet will be released in December. The company will also announce details of their public token generation event in the coming weeks.