As the crypto market continues to try and find a footing in terms of stability, the team at Zilliqa (ZIL) are continually making progress with respect to on-boarding teams for Decentralized Applications on the future MainNet that will be launched on the third quarter of this year.
In the communication via the official Telegram Channel of the Zilliqa project, two Decentralized Applications will be created on the platform.
- Spokkz – www.spokkz.com
- Bolt – http://bolt-token.global
The first DApp, Spokkz, is a community-driven film and TV blockchain ecosystem that is an initiative of Spuul. Users will be able to view, vote, fund and support their favorite media projects in a decentralized system and marketplace. This way, no one network has sole authority over airing a media production or even canceling it. We are all aware of instances where networks have canceled shows much to the protest of loyal viewers.
The project aims at cutting the monopoly of the large studios and associated middlemen who impose their will on the viewers. The concept is based on crowdfunding, as earlier mentioned, where viewers will join producers, content creators, distributors, stars and advertisers as equal shareholders.
The second DApp, Bolt, also aims at cutting out the middlemen that mark up the cost of having media content accessible to the end user. Bolt will be an Open Entertainment Economy. BOLT users will trade tokens with other users and content providers in exchange for content and other services such as data and education resources.
The Zilliqa MainNet will be ideal for such projects since the platform is scalable, secure and revolutionary through the use of the easy to use Scilla Programming language. The current version of the TestNet has impressed by handling up to 2,488 transactions per second using 6 shards and 3,600 Nodes. This speed will be ideal for handling decentralized media content.
The team at Zilliqa is currently preparing the release of the next version of the Testnet with the current roadmap still on course to release the MainNet in the third quarter of this year.
With respect to the price of the token in the crypto markets, the token has been affected by the momentary turmoil due to the events of the Coinrail hack and 4 exchanges being investigated by US Authorities. ZIL is currently trading at $0.086 and down 12% in 24 hours. However, the mood and feel are that the current conditions are only temporary and will only last for a few more days.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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