Toronto, ON – May 8th, 2019: Blockchain Foundry Inc. (“BCF” or the “Company”) has filed a patent application with the United States Patent and Trademark Office (“USPTO”) for its Zero Confirmation Directed Acyclic Graph (“Z-DAG”) technology. With this filing, BCF 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. In addition, 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 thousands of existing Ethereum developers to implement scalable versions of existing Ethereum projects. A whitepaper detailing the upgrade and underlying technology will be published prior to the release of the protocol.
“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,” said Jag Sidhu, the Company’s CTO and inventor of Z-DAG.
About Blockchain Foundry:
Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global blockchain consulting and development firm. BCF develops and commercializes decentralized ledger technology, custom blockchain solutions and smart contracts for enterprise clients.
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