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TORONTO, May 08, 2019 (GLOBE NEWSWIRE) -- 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)(8BF.F)(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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Certain portions of this press release contain “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements”, which may not be based on historical fact. Wherever possible, words such as “will”, “plans,” “expects,” “targets,” “continues”, “estimates,” “scheduled,” “anticipates,” “believes,” “intends,” “may,” “could,” “would” or might, and the negative of such expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information.
Forward-looking statements should not be read as guarantees of future events, future performance or results, and will not necessarily be accurate indicators of the times at, or by which, such events, performance or results will be achieved, if achieved at all. Readers should not place undue reliance on such forward-looking statements, as they reflect management’s current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by BCF are inherently subject to significant business, economic, regulatory, competitive, political and social uncertainties, and contingencies. Many factors could cause BCF’s actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements.