AMA RECAP IDCRYPTO X Alitas Tech

Speaker : Alitas Team
Date : Sunday Nov, 21st 2021

THERE IS 3 SESSION FOR AMA
1. INTRODUCTION
2. QUESTION FROM TWTITTER
3. FREE ASKING


SESSION 1 ( INTRODUCTION )

ID CRYPTO:
Q1, It has been 6 months since the launch of Alitas, would you like to give us a simple introduction of its marketing performance?

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. 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.

ID CRYPTO:
That’s interesting, Thank you for answering in detail.
Q2, Would you like to let us know What Alitas is?

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.

ID CRYPTO:
Q3, What technical characteristics make Alitas special?

Alitas:
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 reference.
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.

ID CRYPTO:
We probably already know about this, and I think it’s an advantage for the Alitas project that doesn’t exist in other projects, it’s really good, Okay Next Question.
Q4, What’s the advantage of Alitas?

Alitas:
It 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. 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.

ID CRYPTO:
I’m quite curious about the Star Drop Effect which on your roadmap will be completed in Q4 2021. Thank you for detailed answer, and next one.
Q5, Any plans for listing on exchanges?

Alitas:
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.

ID CRYPTO:
Indodax, I think we all know about this, and one of the people’s favorite Exchange, especially from Southeast Asia.
That’s good, I hope that in the future ALT will also be listed on other major exchanges, Binance maybe. Thanks for answer, we go to next question.
Q6, How do we follow the news of Alitas?

Alitas:
Social Media Links:


Website
Medium
Twitter
Telegram

ID CRYPTO:
Q7, What benefits do Alitas will bring to us?

Alitas:
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.

ID CRYPTO:
Q8, What is the next market for Alitas?

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.

ID CRYPTO:
That’s good, we know that Southeast Asia is quite a fan of Cryptocurreency, and it’s a good strategic move if Alitas focuses on the Southeast Asian market, Next question.
Q9, What is the vision of Alitas in the future does Alitas have any special plans to attract more users in the future?

Alitas:
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.

ID CRYPTO:
Q10, Do you have any good news to share with us?

Alitas:
Yes, we have plans, wait for the further announcement.

ID CRYPTO:
We can’t wait to see the results, hopefully it all goes well and gives maximum results.

SESSION 2 ( QUESTION FROM TWTITTER )

ID CRYPTO:
Q1. Alitas uses the “Tolerance Algorithm” and the “Star Drop Effect” in which it is technically pioneering. So, can you tell us about these two mechanisms and what are the roles they play within the functioning of your architecture? How does it benefit users and their ecosystem?
From @DngGiaPhong2

Alitas:
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.

ID CRYPTO:
Q2. The ‘Directed Acyclic Graph’ is one of ALITAS’ technical benefits (DAG). This system is said to be superior to regular blockchain. What is the distinction? How do you apply this approach to ALITAS products so that we can take advantage of DAG’s benefits?
From @Kokila93603877

Alitas:
Its unique Alitas architecture completely replaces the traditional chain structure. A disruptive breakthrough in the theory of the traditional directed acyclic graph (DAG). The Alitas 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.

ID CRYPTO:
Of course, that’s one of the great features of Alitas.
Q3. On moving forward through your roadmap, what are your most important next priorities/Milestones? Does Your Project have enough fundamentals (Funds, Community, ect) to achieve those milestones?
From @Julia50099594

Alitas:
This year’s plan involves two main directions, one is liquidity and the other is technology development.
In order to increase the liquidity of Alitas, we have already connected to several well-known exchanges this year and successfully get ALT listed. We are very excited to be listed on Indodax, the well-known and world class exchange with a good reputation among its users.
As the project matures, we believe that Alitas will continue to get listed on more and more well-known exchanges, and we are working hard for this.
In terms of technology development, we plan to focus on research and development of Alitas on-chain governance functions and smart contract deployment this year, as these are essential if we want to build a complete on-chain ecosystem. In particular, the boom of NFT this year has led to the explosion of the entire Ethereum ecosystem, which has also triggered our interest and exploration in the direction of NFT, and we are also studying how to better integrate with NFT. At the same time, the boom of NFT has brought about high GAS fees in the ethereum network, resulting in abnormal congestion of on-chain transactions, which has caused many users to complain. We also hope to give users a new choice through the maturing of Alitas on-chain features.

ID CRYPTO:
Q4. 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 a storage for medical or even national data etc.?
From @awesome_streams

Alitas:
We are still looking for some long-established and high-profile blockchain projects to work with us, and our main direction is still around the development of the entire Alitas ecosystem, such as LinkEye, which is involved in oracle machines, Titanswap, which is involved in DEX trading, Litex, which is involved in deploying layer 2 network. We are trying to engage with them to see if they can reach a good cooperation opportunity. If the cooperation is successful, I believe it will be a great enhancement for the whole Alitas ecosystem. We also sincerely welcome cooperation with Indonesia-related blockchain projects to create a better blockchain world together.

ID CRYPTO:
Q5. Tell us What is your plan to gain adoption fast enough that the market will not be saturated with other similar project by now and what advantage could you offer?
From @Faruk1612821

Alitas:
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.

SESSION 3 ( FREE ASKING )

Sexy Apu:
Staking, NFT is very hottest, do you think you will apply NFT technology to your products in the achieved future?

Alitas:
In particular, the boom of NFT this year has led to the explosion of the entire Ethereum ecosystem, which has also triggered our interest and exploration in the direction of NFT, and we are also studying how to better integrate with NFT. At the same time, the boom of NFT has brought about high GAS fees in the ethereum network, resulting in abnormal congestion of on-chain transactions, which has caused many users to complain. We also hope to give users a new choice through the maturing of Alitas on-chain features.

Hujaifa:
Hello sir, Where can I buy your tokens now. What are your current contracts, and how can I buy them and what are the benefits? Thanks sir.

Alitas:
Currently, you could only buy at Cointiger and xt.com, You can buy ALT on bibox.com/en, Contract address: 0x5Ca09af27b8a4F1D636380909087536BC7e2D94D, 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.

Alina Patel:
How can I do my research about your project? Do you have any whitepaper released and can you provide me all the social media links and blogs?

Alitas:
Social Media Links:


Website
Medium
Twitter
Telegram

Georgh – 7enius:
How much total supply your token?
What is use case ?

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.

Angle Isha Monoi:
Hello sir, Do you have AUDIT certificates, or are you working to AUDIT your project, to make it more secure and reliable and abbilebale sir?

Alitas:
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.

MORE DETAIL ABOUT Alitas Tech

Website
Medium
Twitter
Telegram

Oezank
Oezank is a Crypto Influencer who has more than 2 years of experience observing Crypto projects and strongly believes in blockchain technology in Indonesia.