The team behind Zilliqa (ZIL), the world’s first high-throughput public blockchain platform designed to scale to thousands of transactions per second, has unveiled a new programming language named Scilla.
The Zilliqa team has stated that the programming language will be resistant to bugs. Furthermore, using the language, the developers will be able to prove properties about their contracts, before going live.
Zilliqa project was started by a team of academics at the National University of Singapore. The project initially aimed to create a scalable network by implementing sharding technology. The Chief Scientific Advisor of Zilliqa, Prateek Saxena, published a research report which indicated that as many as 34,000 live smart contracts have vulnerabilities. The new language was created to precisely avoid such an issue with smart contracts that will be employed on Zilliqa.
Dr. Xinshu Dong, CEO of Zilliqa
“We set out to create a better blockchain platform that is scalable and secure, and we are getting closer every day. The future is truly bright for Zilliqa.”
Zilliqa’s development team also announced a $5 million grant program to assist projects that will be built on its network. The announcement was made at the event, which was held in National University’s campus.
Zilliqa has also announced a strategic partnership with Mindshare. Although, complete details are not yet made available, Mindshare is expected to use the Zilliqa platform for two of their digital advertising campaigns involving two companies listed on the NYSE and Nasdaq.