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Zilliqa [ZIL] updates on their project of spreading Sharding

Sarah Rodrigues



Zilliqa, updates on their recent travels on spreading Sharding.
Source: PxHere

Zilliqa updates on their recent travels on spreading Sharding. The presentation event, Sharding in Action & Security by Design took place on May 23rd, 2018. It was an exciting event for both the community and team of Zilliqa.

Zilliqa is known for its approach on Sharding, which saves the time expended on computing data. It is aiming to become the fastest decentralized platform for blockchain in the industry of its technology.

The community of Zilliqa is attending events worldwide, speaking, and spreading their major updates. However, since these are events that happen concurrently, the team is split into groups to travel to multiple continents and cover the events.

  • In New York, they attended the Blockchain Week NYC and were given the honor to be featured on CryptoTraders on CNBC.
  • There was also a meetup held with Enigma, where the CEO of Enigma, Guy Zyskind co-hosted and presented an AMA. Though it’s a startup, it has grown immensely. It was founded by the faculty of computing of NUS [National Universiy of Singapore]. It is a public blockchain who are pioneers in the blockchain technology, of allowing linear scaling of the growth of the blocks in the technology.
  • In Asia, the TechInAsia festival had incorporated a ‘Blockchain Stage’ and invited Amrit, a member of the Zilliqa community to present their keynote on the stability of blockchain technology and security in a smart contract. There was also a presentation on Smart contract and Sharding where Amrit and Saiba explained and presented there work.
  • In London, Scilla was presented at King’s College London.

The faculty has also mentioned the updates on their technology. They are currently testing on their testnet and implementing an interpreter, as well as the interfaces of blockchain for their new contract smart language, Scilla.

They announced that they will release more updates on Scilla and their outreach programs as well as their non- dilutive $5 million program to build on Zilliqa.

They also mentioned that they will be launching their Mainnet with smart contracts beta in Q3, their Testnet 2.o with alpha in Q2, anchor dApps in Q4 and the work on storage and interoperability next year, 2019.

Kuji, a Twitter user commented:

“Show some love to the Bolt global ICO! First ICO launching on zilliqa.”

Shahzad replied:

“What update sir see zil price continuously down and down what is this sir.”


Jerry13888 replied:

“I love the theory and was so excited when I heard about it, but a 400m cap is ridiculous.”

mattheww616 commented:

“This is originating from the digibyte dumbass I’m assuming?”

xwvatnai replied:

“It’s pretty difficult to consistently control 2/3 of every shard on the network, including the DS committee.”

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Sarah Rodrigues is an intern at AMBCrypto. She is pursuing her English lit, Psychology and Journalism at St. Joseph's College. She researches extensively and writes about Cryptocurrency and Artificial Intelligence. Sarah currently does not hold any value in cryptocurrency.


FLiK case: Utility tokens take another hit in case allegedly involving Rapper TI, claims prominent lawyer





Source: Unsplash

Stephen Palley, a prominent lawyer at Anderson Kill, spoke out about the FLiK token case via his official Twitter handle. Notably, unlike most tokens in the space, FLiK made headlines because of its celebrity backing.

Towards the end of last year, it was reported that the US Rapper Clifford Joseph Harris Jr., who goes by the stage name T.I. and T.I.P., was sued for $5 million over the alleged failure of the token promoted by him and his partner, Ray Felton. The rapper was being sued by a group of 25 individuals who claimed that that they invested around $1.3 million in the tokens.

Additionally, there were allegations that the rapper used the raised money to increase the token’s value, following which the duo sold their holdings after the coin crashed. Other well-renowned celebrities such as Kevin Hart and Mark Cuban were also reportedly associated with this project.

On the recent developments surrounding the case, Stephen Palley stated,

“Utility tokens” take another hit in case allegedly involving rapper TI. Court says FLiK ICO tokens = securities under Howey Test, for motion to dismiss purposes. That they offered some functionality ≠ relevant given buyers’ expect of profits solely from efforts of others. 1/4″

Source: Twitter

Source: Twitter

Source: Twitter
The lawyer further stated that,”use of funds” was already determined by the defendants, “per the FLiK token whitepaper.” He went on to state that there was a time problem, adding that Federal Law rules that “unregistered sale” of security tokens were supposed to be reported within 12 months after the violation.

The lawyer concluded by tweeting,

“ps — form was never going to be exalted over substance, so none of this is a huge surprise. Also, this is a ruling on Rule 12(b)(6) motion to dismiss so the Court takes the allegations as true for purposes of ruling. The merits still have to be litigated.”

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