Saturday, October 16, 2021
HomeAMA RecapAMA RECAP IDCRYPTO X Alitas

AMA RECAP IDCRYPTO X Alitas

Speaker : Alitas Team
Date : Saturday October, 2nd 2021

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


SESSION 1 ( INTRODUCTION )

IDCRYPTO:
Hello @AlitasTeam

Alitas:
Hello.

IDCRYPTO:
Welcome to our community, we are glad to be with you here.

Alitas:
Glad to be here.

IDCRYPTO:
SESSION 1 INTRODUCTION
Q) What is Alitas?

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. Please check some news of Alitas.

IDCRYPTO:
Thank you for sharing the article about Alitas, Next Question 2.
Q) What are Alitas’s technical characteristics?

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 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.

IDCRYPTO:
There are 3 technical characteristics of Alitas, very interesting. Alright, next question.
Q) What’s the advantage of Alitas?

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.

IDCRYPTO:
Thank you for explaining about the advantages of Alitas. Alright, let’s talk about benefits.
Q) What benefits do Alitas will bring to us?

Alitas:
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.

IDCRYPTO:
Looks like impressive modern technology, Okay, Next Question.
Q) Which platforms can be used to the exchange ALT tokens now?

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.

IDCRYPTO:
Wow, it’s available on Indodax too, impressive. Talk about the market, 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.

IDCRYPTO:
That’s interesting, Alitas is already on Indodax, maybe next on Tokocrypto.

Next Question
Q) What is the difference between Alitas and other projects?

Alitas:
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.

IDCRYPTO:
Okay, last question.
Q) 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.

IDCRYPTO:
Thank you for explaining about Alitas to us in great detail.

SESSION 2 ( QUESTION FROM TWTITTER )

IDCRYPTO:
Q) According to your roadmap, in Q3 2021 your project will hold the Test compatibility and stability of the tolerance algorithm. Has this test been running? If so, what were the results? Can you share with us the details?
From @abdulazzam1505

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.

IDCRYPTO:
I hope you and the the Alitas Team can give the best for Alitas project, Okay Next Question 2.
Q) I noticed that the ALITAS project is very serious about expanding into the Southeast Asia Market. So, What do you expect from Southeast Asia Market? And What kind of marketing strategy do you have to achieve mass adoption in the Southeast Asia Market?
From @Meziprayoga1

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.

IDCRYPTO:
Next Question 3.
Q)Is it possible that in the future, Alitas will develop alliances with a variety of projects/platforms/protocols? Could you offer us some examples of previous projects in which you employed $ALT?
From @Selva08519571

Alitas:
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.
ALT is the token of the ecosystem on the DAG network and the main component of the system. This token will be used as the platform currency in the ALITAS network ecosystem. It does not represent any equity, participation, rights, ownership in any way, nor does it allow token holders to bear any expense commitments, income, profits or investment returns, and therefore does not constitute a security element.

IDCRYPTO:
Next Question 4.
Q) Have you being audited’ ? Have not heard you talk about that security of funds is what every investor craves for and plans to escape incase of insecurity if funds ,scams and rug pulls ?
From @Doacinta411

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.

IDCRYPTO:
Allright, Last Question for this session.
Q) Many projects promise a long-term plan, big mission and great success in future but never release any working product or revenue. What makes your project diferent with these projects? Could you share some big achievements that you get in 2022?
From @Kangmuk5

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.

IDCRYPTO:
Thank you for answering questions from twitter in this second session.

SESSION 3 ( FREE ASKING )

Lawana:
Could explain why this Alita’s Tolerance algorithm is so important to your network.

Alitas:
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.

Green Love:
Security is so important with every project and platform. How does Alitas keep users’ assets and personal data safe from hackers?

Alitas:
Through the exploration of unknown and deep learning, massive data analysis, benefit from uncertainty, and resist quantum attacks.

Raha H:
When investing in a project, people usually pay attention to the speed, security, transactions and potential of the token! What is $ALITA view on these factors and how can you deal with them ?

Alitas:
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 .

Areum :
How is blockchain implemented in the Alitas system and what is the difference between Blockchain 1.0 , Blockchain 2.0 and Blockchain 3.0 in the Alitas system?

Alitas:
Blockchain 1.0 is the basic version of blockchain technology, which can realize programmable currency, Blockchain 2.0 is programmable finance. It is a blockchain application in the economic, market, and financial fields, such as stocks, bonds, futures, loans, mortgages, property rights, smart property, and smart contracts, Blockchain 3.0 is the core of the Internet of Value.

Fruity:
Can you explain how the operating system involves a special purpose vehicle (SPV) domiciled in each market?

Alitas:
A special purpose vehicle, also called a special purpose entity (SPE), is a subsidiary created by a parent company to isolate financial risk. Its legal status as a separate company makes its obligations secure even if the parent company goes bankrupt. For this reason, a special purpose vehicle is sometimes called a bankruptcy-remote entity.

MORE DETAIL ABOUT Alitas Tech

Website
Telegram
Twitter
Medium
Coingecko
Coinmarketcap

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