The ZILLIQA Technical Whitepaper

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The ZILLIQATechnical Whitepaper [Version ]August 10, 2017The @zilliqaAbstract Existing cryptocurrencies and smart contract plat-forms are known to have scalability issues, , the number oftransactions they are capable of processing per second is limited,usually less than 10. As the number of applications utilizingpublic cryptocurrencies and smart contract platforms grow, thedemand for processing high transaction rates in the order ofhundreds and thousands of Tx/s is this work, we presentZILLIQA a new blockchain platformthat is designed to scale in transaction rates. As the number ofminers inZILLIQAincreases, its transaction rates are expected toincrease. At Ethereum s present network size of 30,000 miners,ZILLIQAwould expect to process about a thousand times thetransaction rates of Ethereum.

Adversarial model. We assume that the mining network at any point of time has a fraction of byzantine nodes/identities with a total computational power that is at most f<n 4 of the complete network, where 0 f<1 and nis the total size of the network. The factor 1 4 is an arbitrary constant bounded away from 1 3 selected as such to yield ...

  Model, Zilliqa