Zucoin Price – Most Interesting Details About Zucoins
There are thousands of cryptocurrencies in the world. However, the vast majority of them are relatively unknown outside of the crypto community.
Have you heard about Zucoins?
According to the team behind Zucoins, it is a new exchange token. Interestingly, it is possible to use Zucoins as a digital currency. Allan Endresz is the founder of Zucoins. He is responsible for running all facets of the business.
Everything started a long time ago. The idea evolved from another system built in the mid-2000s called Splitlock. As a reminder, Splitlock was created in the mid-2000s. Interestingly, its initial principles concerned the secure transfer of data by fragmentation.
The idea to create something new came in 2016. At that time, the team behind Splitlock realized
that the fundamentals of data fragmentation could be applied to the blockchain. The next step was to create SplitChain.
Thanks to SplitChain, it is possible to store data safely in many pieces and places, etc.
The team of Zucoins consists of more than 10 people. They would like to create a one-of-a-kind decentralized peer-to-peer cryptocurrency. The above-mentioned cryptocurrency’s aim is to solve the ‘blockchain trilemma.’ In the case of the blockchain trilemma, the three options are scalability, security, and decentralization.
Zucoins and its role
It is desirable to keep in mind that Zucoins are a cryptocurrency that is the native token on the SplitChain network. What’s interesting, SplitChain isn’t a typical blockchain. So, what is it?
It is a distributed ledger technology.
SplitChain uses a novel approach of fragmenting the ledger across numerous peers on the network in order to maintain high throughput, security, as well as distributed decentralization.
Let’s learn more about Zucoins.
The SplitChain and Zucoin ecosystem utilizes a transactional framework that works with other data as well as transaction types. As a result, third parties have the opportunity to utilize the framework for their own decentralized transfer and verification of data.
The ecosystem facilitates a trustworthy, confirmable, and secure online transaction/exchange method for various data types.