With the main office in Singapore, Zilliqa was launched in 2017 by Max Kantelia. The project is designed to improve the blockchain networks scalability with the help of a unique 'Sharding' concept. 'Sharding' stands for “divide and conquer” principle, in which all transactions are equally distributed into groups which allow miners to carry out synchronous verification of transactions. Due to an improved verification mechanism, consensus is reached much quicker. Zilliqa team claims that the network can execute more transactions because of increased speed and improved scalability.