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Zubot and Node scalability update

My Fellow Zucoinists,

Welcome to 2023! This is my first major update for 2023.

Today, I’m excited to share with you the latest news as we forge ahead with my unequivocal stated objectives of achieving mass adoption of Zucoins and exchange integrations in 2023.

On the 30th December 2022, I authorised the update of our road map on www.zucoins.com to give an indicative timeline for completion of the Zubot and exchange integrations by the 31st of March 2023. Robert Novak has been working onerous hours, and as usual, producing exceptional results in our quest to meet these self-imposed timelines.

As Robert immersed himself in Zubot theory and code over the past 2 months, a significant new computer science discovery was made at the end of last week which required me to urgently way up our short term needs against our long term goals of maximising Zucoins and the SplitChain layer 1 native protocol.

The bottom line. I have opted to forego the listing of our Zucoins on exchanges by end of March 2023 and will run with a revised best estimated timeline of the 30th of June 2023. The road map will be adjusted accordingly.

For me, the decision to extend the timeline was a no brainer. The technical
discovery made by Robert was simply overwhelming and compelling. On Sunday 5th March 2023, Robert, Peter Allen and myself work shopped this incredible technical discovery and weighed up all our pros and cons.

Essentially, less than 1% of our Zucoin Holders are eager for an early exchange listing, whilst the remaining 99% want to maximise the long term advantages that Zucoins holds over Bitcoin and Ethereum.
So, what was the significant technical discovery?

 So, what was the significant technical discovery?

Background

n an interview with New York Magazine on 23 February 2023, Gary Gensler (Chairman of the SEC), stated that “everything other Bitcoin” falls under the US Securities and Exchange’s jurisdiction as a security. He elaborated that crypto projects, besides Bitcoin, are considered securities because they involve a group in the middle, and the public anticipates profits based on that group.

This statement by Gary Gensler is very profound. As I have stated from day one, Zucoins are only ever compared with Bitcoins. In order to sustain this objective and accelerate global mass adoption (particularly in the USA), it is extremely important that Zucoins never involve any “middle groups”.

In other words, the Zucoins / SplitChain Layer 1 network maximise decentralisation.

To date, the Zucoins has successfully developed and deployed a secure, no cost, P2P wallet transferring fractional values anywhere in the world, 24/7, in real time using the world’s first 2 factor authentication protocol never seen before in the crypto sector. Significantly, there are no “middle groups” or “nodes” validating or processing any transactions. The Peers are conducting the transactions amongst themselves by only seeking “truths” from the data cached by the nodes.

Aside from the legal ramifications of centralisation as outlined by Gary Gensler above, there has been a greater threat lurking in the IT World that impacts decentralised networks.

This threat comes in the form of what is called a “Sybil Attack” – Learn more about what is a Sybil Attack.

The light Bulb Moment!

 Last week, as news filtered through about Gary Gensler, the Solana Network slowing down and spiraling into a full blown network shutdown, Ordinals NFT’s occupying Bitcoin Blockspace (leading to higher fees and slower transactions) and the malicious assault of Sybil Attacks targeting P2P decentralised networks, Robert had that light bulb moment to develop an ingenious node coordination, indexation and mapping system that underpins Zubot and UDA’s by minimising the effects of sybil without centralisation.

By solving Sybil, you also solve the “middle group” syndrome. Sybil is a renowned, extremely hard problem to manage in computer science and we’re extremely excited about this cutting-edge solution.

The current acceptable alternatives are inefficient, costly and not scalable, as in the case of Bitcoin and Ethereum.

As per our revised roadmap, this discovery aligns with our public roadmap intentions, which was to make advances for decentralised node scalability in Q1 2023, which have a flow-on effect for use in the Zubot (for bulk wallet automation for exchanges, eCommerce, in-store and mass AR marketing) and the production of digital assets (UDA’s).

Following this innovative new method discovered in this quarter, we have achieved this milestone and are now progressing to the next step, which is to continue implementing this solution, expand testing and continue development on other system milestones.

Long Term Outcomes.

Simply put…..this discovery creates, supports and maintains global demand to build and use the Zucoins/SplitChain Network.

Nobody has solved this truth-first problem we have been working on. If one peer is telling the truth, and 10 aren’t, the system must still detect this and recover itself.

As far as we are aware, this is fundamentally different to any other system out there. This mechanism reduces network oppression and encourages fairness, almost like a digital, real democracy, where a suppressed minority on the network can still survive against a bad-behaving majority.

All current popular blockchain systems are consensus, meaning they’re a majority voting system. Many studies and examples have been documented on how this can be increasingly controlled as these other networks become more centralised over time.

Nobody has also gone this far, down this path of solving this 1-in-10 truth problem, that serves as a reliable foundation for everything else on the network to be built atop.

Bitcoin is inefficient (on purpose – ultra competitive), Ethereum is becoming more and more a centralised security after their last Sep 2022 merge change. Solana is unreliable. Cardano is similar to Ethereum.

No one has solved this problem, this way.

We’re aiming to be the first to do this, in a way that is scalable and increases decentralisation, not reduce it.

This is about building a fundamental and foundational block, for the real web3 where our long term goals far out way our short term needs.

Allan Endresz
Founder

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Phillip Crosskell

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Phil, a marketing specialist, joins the Zucoins team with over 15 years experience in the marketing industry.

Recently he worked for a marketing agency where he started out as the lead web developer, with involvement in client sales and the onboarding process. He established and maintained the Google advertising branch of the company. Phil transitioned into the head of the digital role overseeing all digital projects including web design, EDMs, Google Ads, Social Media Ads and hosting services. 

At Zucoins, Phil is helping the team across all areas in building the Zucoins and SplitChain brands in an ever-evolving industry. From marketing and brand strategies to web development, content creation, advertisements and Lottie animations, Phil is continually expanding his knowledge and skills. 

Outside work, Phil loves his motorsport, racing go karts and volunteering as a Flag marshal for Formula 1 and Super Cars.

Peter Allen

CSO

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Pete started with the Zucoins team in 2019 and now leads as our Head of Support. 

As the Head of Support, Pete is the first point of contact, providing the highest level of service to all Zucoins buyers and enquiries. His role is responsible for managing online email queries, coin purchases, wallet and coin distribution and, most importantly, guiding users and customers in using the Zucoins app to ensure they are comfortable accessing its features and capabilities. 

Pete also works closely with the development team, continuously improving his technical and product development to assist staff and users with the most up-to-date training and education. 

Before joining the team, Pete worked in a multitude of different roles, including several director positions, regional sales manager, corporate purchasing manager and a new homes advisor/area manager. 

Riely Redford

CFO

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Riley is Chief Financial Officer and brings vast experience across many fields, including customer service, account management and accounting with Cycling Australia and Energy Australia.

His solid skill set across these fields ensures his capabilities to further the growth of Zucoins and its partners in the future. In addition, Riley is passionate about engaging with people and building long-term and profitable professional relationships. As a believer in a busy yet productive lifestyle, he feels that you aren’t working if you love what you do.

In his role, he strategises, designs, and implements daily financial processes to increase productivity, achieve organisational objectives, and foster strong stakeholder management.

Georgia Tighe

Founder

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Georgia leads the marketing and brand strategy at Zucoins after switching roles from start-up AR marketing platform, Zukaz.

As the Marketing Manager, Georgia is responsible for developing and accelerating Zucoins’ global marketing strategy and brand awareness. She is focused on driving the company’s vision of creating an ecosystem where anyone, anywhere, can send or receive value in real-time with no third-party involvement.

Georgia has substantial experience across marketing and product development, event management, branding & design, lead generation, public relations, strategic planning and digital marketing. In addition, she continues to expand her leadership competency while effectively leading and managing a growing team.

Before joining Zucoins, Georgia worked in the marketing and communications field, specialising in the hospitality/gaming industry after completing her Bachelor of Business, majoring in Marketing and Management.

Outside work, she enjoys fitness, fine wine and food, and spending time with her family, friends and beloved animals.

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Sam Volkering

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Sam is the Editor for Exponential Investor (UK) a publisher of investment newsletters focusing on cryptocurrency, small-cap, microcap and technology stocks. He’s also the author of ‘Crypto Revolution: Bitcoin, Cryptocurrency and the Future of Money’. In addition to his editorial work, he’s an advisor to exciting, new crypto and digital asset projects, such as Zucoins.

He spends his time hunting down the most exciting crypto and stock opportunities on the planet which are potential-packed, risky, exciting small-caps or tech breakthroughs transforming our future through cutting-edge technologies. He is also a leading expert in the UK and Australia on crypto-assets and their future impact on the world.

Mate Tokay

advisor

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Mate is an entrepreneur at heart. After graduating from the International Business School in Budapest in 2012, he helped launch Superior14, a successful food supplement company. He then became interested in crypto after hearing about Bitcoin in late 2012 and began Bitcoin mining in mid-2013 using custom-built ASIC miners. In 2013 he founded the media company, Bitcoinist.com.

After a successful exit in 2015, Mate met Roger Ver and co-founded Bitcoin.com, one of the original and industry-renowned cryptocurrency resources. Mate focuses on a broader vision and communicating that vision to others while staying on top of industry trends. His goal and passion are to make cryptocurrencies as popular as possible.

Robert Zucoins

Robert Novak

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Robert is the CTO at Zukaz and Zucoin and brings a wealth of knowledge and experience within IT, web and app development. Rob started out developing PC games during high school, having then use those 3D skills to design a car-of-the-future that was featured at the Melbourne International Motor show, 3 years running, even managing to take out the title. Amongst numerous other involvements, including having his photography featured at the National Gallery of Victoria, he spent the next couple of years coordinating with overseas manufacturers to import, develop and design software and support for GPS security trackers.

For more than the past decade, he has dove deeply into web systems, spending countless late-nights-and-next-mornings building, maintaining and providing support for hundreds of varying web systems. Those client contracts and projects spanned network, IT, server and application stacks, within industries such as agriculture, tourism, engineering, manufacturing, medical, finance, retail, beauty, among others.

Today, he is responsible for leading the overhaul of technical systems, processes and products inside the company and its two product divisons. He is leading the deployment of a new, ground-up, more efficient serverless infrastructure for web app development, built-in house, powering the future of our products and services.

Allan Zucoins

Allan Endresz

Founder

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As the Founder of Zucoins, Allan Endresz is responsible for running all facets of the business. Allan has a proven executive management track record and over 30 years of experience driving sales growth in the technology and payment industries.

Prior to starting Zucoins, Allan was heavily involved in Mergers and Acquisitions and other advisory roles.

At Zucoins, he has built a strong development team and holds a long-term vision for the company. Allan is a strong visionary that never gives up on his goals and dreams.

Allan and his team have developed SplitChain, a ground-up Next Gen Layer 1 network. SplitChain is solving the “Blockchain trilemma” of security, scalability and decentralisation.