1/ We are announcing a strategic partnership with @PlatON_Network, the privacy-preserving AI network blockchain marking our first step into the Chinese market 🇨🇳🇨🇳!
Read this thread to learn more about the partnership 👇👇
2/ We are jointly launching commemorative NFTs with our mascots on both Zilliqa and PlatON’s blockchain.
More details will be released at a later date for this one-of-a-kind exclusive NFT launch.
Here's what you should know about @PlatON_Network and their impact in China
@PlatON_Network is an internet infrastructure protocol that is about to launch its mainnet. The network uses its native token $LAT to settle trades for data and computing power. PlatON has MASSIVE projects upcoming in China
4/ For a start, PlatON is slated to power China’s largest blockchain-powered smart city project with @WXBlockchain, who pledged $29billion over the next decade for this project.
5/ PlatON also has partnerships with Chinese blockchain companies such as AIToS. Other projects they’re involved in include data tracking solutions for Mercedes Benz for the used car market.
6/ How does this partnership help Zilliqa?
PlatON’s wealth of social capital, resources and network will allow us to connect and work with these major players as we venture forth into our journey of empowering the creator economy in the world!
7/ With our large community and commercial exposure in the Western market PlatON can gain more exposure.
This mutually beneficial partnership will help bring both our technologies to the forefront of both markets
Spam transactions clog up the network, making meaningful transactions slower. This is why the next ZIP is important for #Zilliqans to vote and discuss on.
The problem? Spam. The proposed solution? Increase transaction costs from 0.002ZIL to 0.1ZIL.
Before you grab your pitchforks out, listen up, there's a reason why this makes sense!
(3) The increase in transaction costs makes it hard to spam the network. A million txns presently costs 2000 ZIL, the change would bring it to 100k ZILs. This makes it harder for our network to be targeted by spam attacks.