Blockchain Foundry (BCF), an enterprise blockchain consulting and development firm, announced today it has filed a patent application with the United States Patent and Trademark Office (USPTO) for their Zero Confirmation Directed Acyclic Graph (Z-DAG) technology.
With this filing, Blockchain Foundry is protecting the intellectual property of its blockchain scalability technology, exclusively designed for the Syscoin blockchain protocol.
By the end of June, the fourth release of the Syscoin protocol, including Z-DAG, will provide its network with one of the highest throughput rates of a public blockchain protocol. Z-DAG will connect to the Ethereum blockchain for smart contract execution via the Syscoin Interoperability Bridge, a unique zero-counterparty bridge technology, designed by BCF.
The upgrade will allow Ethereum developers to implement scalable versions of existing projects. A whitepaper detailing the upgrade and underlying technology will be published prior to the release of the protocol.
[perfectpullquote align=”full” bordertop=”false” cite=”Jag Sidhu, BCF’s CTO and inventor of Z-DAG” link=”” color=”” class=”” size=”17″]“Combining the security of Bitcoin, the functionality of Ethereum, and the speed and scalability of our Z-DAG technology, enterprise-ready blockchain applications are now a reality via the Syscoin Protocol.”[/perfectpullquote]