Zilliqa to Launch Mainnet Smart Contract

Zilliqa has conducted a successful tokensale back in January 2018, reaching the $22M hardcap
11 June 2019   1476

The developers of the blockchain project Zilliqa announced the launch of smart contracts based on the Scilla language in their core network.

In 2017, we envisioned creating the first ever- public blockchain based on sharding - one offering superior security, user-convenience and a high performance platform. Guess what Today, we've delivered on this. We are thrilled to declare smart contracts officially launched!!!

Amrit Kumar

President and CSO, Zilliqa

Zilliqa smart contracts are subject to formal verification and are equipped with a set of static analyzers that help identify potential errors and bugs.

In addition, the Scilla language allows you to handle various operational components, such as computing and communication with other contracts, in a “clean way”, eliminating complex interlaces. According to the developers, this will help prevent such incidents like hacking DAO and Parity.

To solve the scalability problem, Zilliqa uses sharding technology. In 2017, the developers said they would bypass Ethereum 1,000 times the transaction processing speed.

At the end of January, the official launch of the main Zilliqa network took place. At the same time, representatives of the project announced plans to launch an exchange for the trade in tokenized shares of Uber, Airbnb and SpaceX.

SEC to Unveil New List of Probable TON investors

One investor in this list is a ex-member of the managing board of the Bitcoin Foundation and partner of Ribbit Capital Mayer Malka
27 January 2020   489

Some names of large investors and the names of investment companies that could take part in the $ 1.7 billion token sale of the Telegram blockchain project became known, CoinDesk reportes with reference to documents issued by the US Securities and Exchange Commission (SEC) in the framework of the current proceedings.

One such investor is a former member of the managing board of the Bitcoin Foundation and partner of Ribbit Capital, Mayer Malka. He during the testimony at the beginning of the month mentioned Telegram CEO Pavel Durov.

Answering a question about whether Telegram is known for investors who can take on the role of validators in the TON PoS blockchain, Durov said:

We didn't put together a separate list of the purchasers who we would assume have experience in validating other networks, although it was obvious that certain investors… such as, for example, Micky Malka that we have discussed earlier, might… have experience in these processes of validation or at least were closely affiliated with parties that had experience in such processes.


Pavel Durov

Telegram CEO

In addition, Telegram Vice President Ilya Perekopsky, in one of his reports, named David Jan, the founder of ABBYY, a linguistic solutions development company, among potential investors. According to the correspondence published by the SEC, Ian asked Perekopsky if he could get an allocation in the ICO if he contacted Telegram directly without intermediaries in January 2018. “100 percent,” replied Perekopsky.

Also, TON investors could become the American funds Kleiner Perkins, Fortress, Draper Dragon, Dragoneer, DRW Holdings and Redpoint. This follows from the testimony declarations affixed by the SEC to the recent petition. In eight declarations, TON investors explain what prompted them to purchase Gram tokens. Company names have been removed from all documents, but they have remained in the file names. Sources familiar with the situation confirm that they really could take part in the ICO.

Most of the witnesses interviewed by the SEC indicated that they were interested in the possibility of supporting the Telegram project in the ICO TON, while the messenger itself does not accept funding for its main business. The announced investment amounts are on average $ 5-10 million. At the same time, Kleiner Perkins was initially offered an allocation of $ 15 million, but the company managed to agree on a twice as large investment, it follows from the submitted documents.