What is SplitChain
Zucoins is a cryptocurrency that is the native token on the SplitChain network. SplitChain is not a blockchain in the traditional sense. It is distributed ledger technology but whereas traditional blockchains are incremental blocks added to the ever increasing chain, SplitChain utilises a novel approach of fragmenting the ledger across multiple peers on the network in order to maintain high throughput, security and distributed decentralisation.
Want to Build with SplitChain?
Want to Integrate with Zucoins?
SplitChain features at a glance
Discover how Zucoins brings a new standard in crypto technology that is uniquely powerful and scalable.
Real-Time P2P
The unique way in which SplitChain organises and prepares transfers, means that every transaction is processed and validated on each device using the system. Transactions must have proof between all involved parties.
Not only that, but the proposed transaction must also be sent to the right person, before it expires. Zucoins therefore has native 2-Step Authentication (2SA), built right into the system.
Infinite Longevity
Unlike current blockchain constraints, where every transaction adds to the pile of other historical transactions, constantly growing in size, that need to be stored and maintained by a smaller and smaller group of validators who have the ability to do so. It is, therefore, possible that someday traditional blockchains will be too big to transact for all but the most powerful validators, thus naturally centralising their systems.
Another incredible feature is the ability to micro fractionalise a Zucoin to very tiny amounts. So, 1 Zucoin could be split into 1000 parts and those thousand into a further 1000 and so on. Currently, this is 32 decimal places, but it can be expanded further in future. The implication is that whatever the value of a Zucoin becomes, say $1m, you will still be able to buy a coffee, for example.
Tokenise Assets
Currently, in order to tokenise an asset, dedicated tokens are specifically developed and issued. With Zucoins, the functionality exists to attach any dataset, metadata or even smart contract logic, to a specific coin fraction.
For example, in upcoming versions, it’ll be as easy as copying and pasting into the description field of a transaction.
Ecosystem
The SplitChain and Zucoin ecosystem use a transactional framework that works with other data and transaction types. This means that third parties can utilise the framework for their own decentralised transfer and verification of data. The ecosystem facilitates a reliable, verifiable and secure online transaction/exchange method for different data types.
Real-Time P2P
The unique manner in which SplitChain fragments data through the network, means data size becomes irrelevant and therefore the speed is in real-time. In fact, the speed of transactions and volume capacity of the network increases as the network increases. This is the main factor in solving blockchain’s scalability issues.
Zero Cost
Because the ledger is updated autonomously, through a new P2P method of consensus, there is no need for Miners or any 3rd party verification. The result is therefore a fee-less transaction. This also contributes to the speed of transaction mentioned previously.
Secure
The primary principle of Zucoins is the fragmentation of data through the network. The encrypted data cannot be read unless all pieces are gathered together and relevant unlocking keys supplied, meaning no individual can unlock the data. Even if a single data packet was intercepted, it would be meaningless without the remaining fragments.
UL Audited
UL is the world leading standards organisation, which has audited the SplitChain code. That way you can be sure that Zucoins do what we say they can.
Infinite Longevity
Again, due to the fragmentation of data this means that there is no limit to the data size. Unlike current blockchain constraints, where every transaction incrementally increases the block size. It is therefore possible that someday traditional blockchains will be too big to transact.
Another incredible feature is the ability to infinitely fractionalise a Zucoin. So, 1 Zucoin could be split into 1000 parts and those thousand into a further 1000 and so on. The implication is that whatever the value of a Zucoin becomes, say $1m you will still be able to buy a coffee for example.
Tokenise Assets
As it currently stands in order to tokenise an asset, dedicated tokens are specifically developed and issued. With Zucoins the functionality exists to attach any smart contract or data set to a specific coin or fraction thereof. It’s as easy as copying and pasting into the description field of a transaction.
Partner Eco-System
The SplitChain and Zucoin ecosystem use a transactional framework that works with other data and transaction types. This means that third parties can utilise the framework for their own decentralised transfer and verification of data. The ecosystem facilitates a reliable, verifiable and secure online transaction/exchange method for different data types.
How Zucoins Function
Verification
Verification of multiple transactions are conducted in parallel through a network of peers, each holding data fragments.
Connection
A decentralised network of connection servers organises the peer connections required for verifications and transactions.
Encryption
SplitChain utilises an industry best-practise encryption library called LibSodium (NaCl) and our implementation has been audited by UL for safety.
What Does This Mean
Zucoins, the P2P transactional validation, runs on the SplitChain network, which propagates and returns cached information across network nodes to participants, so they can perform transaction validation—essentially facilitating the free and real-time transfer of value (including extremely micro fractions of Zucoins).
To keep the network relatively lightweight, it scales with the number of network participants to reach hundreds of thousands of transactions per second.
SplitChain differs from Blockchain in that there are no “blocks” in SplitChain. This means transactions are not grouped into sets of blocks, processed by miners on the network.
Transactions are therefore maintained independently and stored in a fragmented index, within peers’ wallets and cached temporarily by the network nodes.
Build With SplitChain
Developer Resources
Read up on core concepts and the SplitChain stack with our developer resources
coming soon
Developer Tools
These tools will help you experiment with SplitChain if you prefer a more interactive learning experience
coming soon
Community Support
Read up on core concepts and the SplitChain stack with our developer resources
coming soon