Zilliqa, a company that has created a scalable blockchain designed to be used at the enterprise level, has announced the creation of a new grant program for developers building applications on their platform. The “Zilliqa Ecosystem Grant Programme” is now providing $5 million to teams and individuals developing Dapps and utilities in applications such as payments, finance, gaming and more. The individual grants are expected to range from $5,000 to $50,000.
Zilliqa is a project that is addressing existing shortcomings in blockchain (or DLT) today. Most iterations of blockchain are simply too slow to scale to the point where global enterprises may effectively utilize the tech. By using sharding, Zilliqa has been able to increase the throughput of its platform to be suitability for intensive utilization. Additionally, Zilliqa says it is looking to fix security issues with existing smart contracts by introducing a new, intermediate-level smart contract language called Scilla, that is said to allow developers to more easily write secure smart contract applications.
“We have built a very strong community of technical people around Zilliqa,” commented En Hui Ong, Head of Business Development with Zilliqa. “We would like to encourage our community and anyone else who is interested in our vision to contribute to our platform – which is open source and open for anyone to use for developing secure, high-throughput smart contract applications.”
Singapore based Zilliqa adds that their program will offer “non-dilutive funding” plus tech support and exposure within the broader Zilliqa community. There is a list of suggested projects and Dapps they are looking for, but Zilliqa is also open to suggestions. If you are interested, you may apply today.