CryptoThrust X Alitas AMA
Guest: Alitas Team (Alitas Representative)
Hi everyone, I am the representative from Alitas Team.
Segment 1- Project Introduction
Q1) What is Alitas?
Alitas is the underlying infrastructure of a new generation of value networks, dedicated to building a new generation of underlying trusted network protocols and providing efficient, convenient, secure, and stable development and deployment environments to customers worldwide.
Q2) What are Alitas’ technical characteristics?
a) Tolerance Algorithm. The tolerance algorithm is used to replace consensus to solve data consistency. Through the original ALITAS structure, the included nodes can obtain legal transaction references, realizing complete decentralization.
b) Star Drop effect Randomness like the star drop introduces nodes to obtain the legitimacy of the transaction. Realize high security of transaction privacy.
c) Alitas break the traditional chain structure and design a new consensus mechanism on ALITAS. While achieving complete decentralization and absolute security, it breaks through performance bottlenecks, and TPS can reach 30,000+ per second.
Q3) What’s the advantage of Alitas?
Alitas has been endeavored to conduct technological innovation, and has put forward the Tolerance Algorithm, Star Drop Effect, and breaks the traditional chain structure, and designs a new consensus mechanism.
While achieving complete decentralization and completeness, under its Alitas architecture, the TPS can reach 30,000+ per second. Break the performance bottleneck of the consensus mechanism.
They technically pioneered “Tolerance Algorithm” and “Star Drop effect”. The “Tolerance Algorithm” instead of consensus completely solves the data consistency, and the “Star Drop effect” greatly improves the random attribute of the node’s legal reference, and realizes the high security of transaction privacy.
Q4) What benefits do Alitas will bring to us?
Committed to open ecology, open application, and open cooperation with other ecosystems, the underlying Alitas infrastructure can be fully integrated with big data, cloud computing, artificial intelligence, 5G, and other technologies, and can seamlessly connect with other blockchain networks to realize a shared and open community.
The major breakthroughs of Alitas aim to bring a more efficient, convenient, safe, and stable development and deployment environment to users around the globe.
Q5) Which platforms can be used to the exchange $ALT tokens now?
Alitas has been listed on Indodax.com, XT.com, Bibox, and CoinTiger, which strongly demonstrated its potential and strength in technology innovation.
And we do have plans for listing ALT on more exchanges.
Q6) What is the next market for Alitas?
Southeast Asia is becoming Alitas’ new focus, the market expansion and in-depth cooperation will undoubtfully provide users in southeast Asia with more chances to enjoy the benefits.
Q7) What is the difference between Alitas and other projects?
Throughput Combining layering and sharding technology, the on-chain transaction
TPS can reach 30,000.
Fault tolerance Under the premise of not exceeding 51% attacks, the fault tolerance of the entire system can reach 99.99%. Scalability Adjust the scalability of the system through a scalable second-tier network.
Q8) What is the vision of Alitas in the future does Alitas have any special plans to attract more users in the future?
ALITAS, higher transaction throughput (through parallel verification) can be achieved, and no transaction fees are charged. With the continuous development of Tangle, more and more participants will initiate transactions, the entire system will become more and more secure and fast, the confirmation time will be shortened, and transactions will be completed faster and faster.
In the ALITAS system, every participant in the network can trade and actively participate in consensus. To be more specific, you directly locate two transactions (main transaction and branch transaction), and indirectly locate other transactions in the child tangle. In this way, verification can be performed synchronously, and the network can remain completely decentralized, without the need for miners to pass on trust and to pay transaction fees.
Segment 2- Questions from Twitter
Q1) Alitas uses the Alitas Structure linking model. What are the main indicators and TPS of this model? What negative effects of the industry were taken into account when designing Alitas? How will your security, speed, scalability, and interoperability solutions work?
Alita’s structure is used to organize the blocks. While achieving complete decentralization and completeness, under its Alitas architecture, the TPS can reach 30,000+ per second. Break the performance bottleneck of the consensus mechanism.
They technically pioneered “Tolerance Algorithm” and “Star Drop effect”. The “Tolerance Algorithm” instead of consensus completely solves the data consistency, and the “Star Drop effect” greatly improves the random attribute of the node’s legal reference, and realizes the high security of transaction privacy.
Q2) What will your project do to attract investors when the current market is unstable? What is the way to spend crypto in your ecosystem? How do you balance developing technology and also improving the value of your token?
In the ALITAS system, every participant in the network can trade and actively participate in consensus.
To be more specific, you directly locate two transactions (main transaction and branch transaction), and indirectly locate other transactions in the child tangle.
In this way, verification can be performed synchronously, and the network can remain completely decentralized, without the need for miners to pass on trust and to pay transaction fees.
Q3) According to what I read, currently one of the technical advantages of Alitas is ‘’Star Drop effect’’. But it will be completed in Q4 so I want to know what are the difficulties and problems that Star Drop effect is facing? How can we help you as an Alitas community?
Alitas has been endeavored to conduct technological innovation, and has put forward the Tolerance Algorithm, Star Drop Effect, and breaks the traditional chain structure, and designs a new consensus mechanism. While achieving complete decentralization and completeness, under its Alitas architecture, the TPS can reach 30,000+ per second. Break the performance bottleneck of the consensus mechanism.
They technically pioneered “Tolerance Algorithm” and “Star Drop effect”. The “Tolerance Algorithm” instead of consensus completely solves the data consistency, and the “Star Drop effect” greatly improves the random attribute of the node’s legal reference.
And realizes the high security of transaction privacy.
Q4) On your website you mention that Alitas breaks the traditionality of traditional structures with a new consensus mechanism, can you explain what this consensus consists of and what advantages does it offer to your infrastructure?
Its unique Alitas architecture completely replaces the traditional chain structure. A disruptive breakthrough in the theory of the traditional directed acyclic graph (DAG). Alita’s structure is used to organize the blocks.
While achieving complete decentralization and completeness, under its Alitas architecture, the TPS can reach 30,000+ per second. Break the performance bottleneck of the consensus mechanism.
Q5) Alitas has endeavored to carry out the technological innovation and introduced the tolerance algorithm, the star drop effect, and breaks the traditional chain structure and designs a new consensus mechanism. What is the tolerance algorithm, the star fall effect?
Alitas has been endeavored to conduct technological innovation, and has put forward the Tolerance Algorithm, Star Drop Effect, and breaks the traditional chain structure, and designs a new consensus mechanism.
Tolerance Algorithm. The tolerance algorithm is used to replace consensus to solve data consistency. Through the original ALITAS structure, the included nodes can obtain legal transaction references, realizing complete decentralization.
Star Drop effect Randomness like the star drop, introduces nodes to obtain the legitimacy of the transaction. Realize high security of transaction privacy.
Segment 3- Live Telegram Session
Q1) I think it’s not really an easy task to build such a network with complete decentralization and absolute security by themself. So do you have a plan to make a strategic partnership with others to achieve that? If yes, what sort of project you are looking at to help the development of Alitas?
Yes, we do have that plan and we welcome all kinds of partners to work together for building a greater blockchain world.
Q2) The whitepaper mention Alitas will have very high security. It’s being said, is it possible that Alitas can support other blockchain products, not just cryptocurrency, but storage for medical or even national data, etc.?
With the development of blockchain technology, Alita’s application can be extended to any demanding field, including audit notarization, medical treatment, voting, logistics, and other fields, and then to the entire society.
Q3) I read that Alitas is committed to open ecology, open applications, and combining with other ecological cooperations. Can you elaborate a bit more on this? Under what ecological manifestations does your architecture work and how can we expand this purpose as a community?
As the underlying infrastructure of the new generation value network, it can fully integrate with big data, cloud computing, artificial intelligence, 5G, and other technologies, and can seamlessly connect with other blockchain networks to realize the ALITA’S business community.
Q4) With TPS can reach 30K+ and other Alitas’s advantages, what we can expect it will effect the value and price of $ALT? What is the benefit of $ALT token as a store of value?
We believe that the price will show well about the technology. In the beginning, the price of $ALT is 0.9 USDT while now its price is over 10 USDT. The market has shown the recognition of Alitas.
For more information about Alitas, please check
https://coinmarketcap.com/currencies/alitas/
Q5) What is the contract address to buy your token and what are your plan to list in top tier centralized exchanges?
Contract address: 0x5Ca09af27b8a4F1D636380909087536BC7e2D94D
More information about Alitas:
— — — — — — — — — — — — — — — — —
Website | Twitter | Medium | Telegram | Whitepaper
