The Zucoin team is working to gradually decentralize parts of the system as the project team becomes comfortable with each part, minimising possible safety, security and reliability issues by releasing too early.
Often times systems start centralized and gradually decentralize in stages.
Splitchain is the network itself, you can think of it like powerlines and the electricity grid.
Splitchain will eventually be open-sourced to allow others to participate in being a node and assist with development.
The Zucoin wallet app utilises the Splitchain network, like a hairdryer you plug into the grid.
It will also be eventually open-sourced to allow others to make their own apps, with different features and capabilities, that all operate on the Splitchain network.
These apps are designed to use Zucoin as the native token, creating a unified ecosystem where all applications share the same underlying currency and benefit from network effects.
Get periodic insights, news, offers + more, trusted by 1,000+ readers.
(By subscribing you agree to receive news + marketing emails, but we won't spam or sell your data!)