Zilliqa (ZIL) Partners with Elliptic to Enhance Security of its Platform and Altcoin
High-throughput distributed ledger technology (DLT) platform Zilliqa (ZIL) has partnered with London-based blockchain analytics firm Elliptic to use the latter’s suite of tools in enhancing the security and anti-money-laundering (AML) compliance of its platform, according to a Tokenpost report on November 27, 2019. Per the report, Zilliqa has collaborated with Elliptic to use the blockchain analysis provider’s suite of risk management and AML tools to enhance the security and AML compliance of its platform.
Elliptic’s tools will also reduce the vulnerability of Zilliqa’s native ZIL altcoin to fraudulent activities, as Elliptic’s highly functional blockchain transaction monitoring service will be used to verify the legality of transactions occurring on the Zilliqa blockchain. Commenting on the partnership, Amrit Kumar, President at Zilliqa acknowledged that Elliptic was the partner of choice for Zilliqa, which is aiming to distinguish itself as a trusted and highly secure blockchain network.
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