What is SplitChain Technology?

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.

Zero Cost

Because the ledger is updated autonomously through a new P2P method of propagation, there is no need for miners. The result is, therefore, a very efficient system that supports fee-less transactions, with fast settlement times.

Secure

The primary principle of Zucoins is the fragmentation of data through the network. There are no blocks, so this is technically not a blockchain, hence why we call it SplitChain. Truthful peers can detect peers attempting to tamper with encrypted data, along with other kinds of foul play.

UL Audited

UL is the world leading standards organisation, which have audited the SplitChain encryption methods. That way you can be sure that Zucoins follow these best practises.

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.

Technology