CryptoFun X Alitas AMA Recap

28 Sep 2021 01:46
CryptoFun X Alitas AMA Recap

Hello, We had an AMA with Alitas on Sept 27, 2021. For those of you who are late to follow or watch, you can read the following AMA recap.

Guest Alitas Team
Moderator Ahmad Rifai
Online participant 1272
Live Question 421

Segments:

  1. Introduction
  2. Twitter Questions
  3. Live Questions

Introduction


CRYPTOFUN:

Hello everyone, we’re honored to host AMA session with Alitas.tech
Alright, before we moving forward. could you please introduce yourself to our community!


Alitas:

Hi everyone, I am the representative from Alitas Team. 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.


CRYPTOFUN:

Thank you, that introduction is really amazing!
In this segment I will give you some questions, if you finish answering, please say "DONE"
1. 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


CRYPTOFUN:

2. 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.


CRYPTOFUN:

Thank you @AlitasTeam for your answers!
We can conclude that the Alitas team is working really hard behind the scenes to continue developing it's ecosystem!
3. 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.


CRYPTOFUN:

4. 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.


CRYPTOFUN:

5. 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.


CRYPTOFUN:

6. 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.


CRYPTOFUN:

7. 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.


CRYPTOFUN:

8. 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.


CRYPTOFUN:

Alright, first segment over. thank you @AlitasTeam for the answers and information about Alitas.
I think community are curious and can't wait for more information about Alitas in the second segment


Segment 2: Provide questions that have previously been collected via twitter

CRYPTOFUN:

And now we move to the second segment. In this second segment we will post some pre-selected questions from Twitter, hope you are ready @AlitasTeam


Q1. From: @reykhanz

What is the basis that makes you believe that you can reach 30,000 TPS per second??


Alitas:

Yeah, 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. The technically pioneered "Tolerance Algorithm" and "Star Drop effect.


CRYPTOFUN:

Q2. From: @safepalLover
I just got a little information about the Tolerance Algorithm on your site, can you explain in more detail about the Tolerance Algorithm?


Alitas:

Through the original ALITAS structure, the included nodes can obtain legal transaction references, realizing complete decentralization.


CRYPTOFUN:

Q3. From: @NathsPhilips22

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, please check Coinmarketcap


CRYPTOFUN:

Q4. From: @Sasuke_Kun19

What kind of partnership can you expect from your future project? Are all projects in line with your current roadmap? And what are the next steps to be taken in the future?


Alitas:

Innovative Energy Conservation City" to Alitas Tech - 5 - build a blockchain entrepreneurial innovation platform, which will provide platform support for individual and SME entrepreneurial innovation, because the foundation for the application of blockchain technology in the future.


CRYPTOFUN:

And the last question from Twitter


Q5. From: @Prasetyo1313

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.


CRYPTOFUN:

Second segment has been over, thanks @AlitasTeam we really hope Alitas.tech will be a biggest in the futures
Well, in this last segment there is a direct question and answer session


Segment 3: The moderator opens a Q&A session

Rose Lee:

According to your website, Alitas "breaks the traditionality of conventional structures with a new consensus algorithm." Could you clarify what this consensus entails and what benefits it provides to your network?


Alitas:

The 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.


Aarushi Ankita:

How may I buy your tokens if I want to invest? Can I get in on Pancakeswap and what is the contract address to buy? Where can we buy it for now?


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.


Fruity:

Alitas employs a federated model known as the Alitas Structure. What are the main indicators and TPS for this model? What negative effects of the industry were taken into account when designing Alitas? What security, scalability & interoperability solutions do you have in mind?


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


Raha H:

When will your tokens be listed on the exchange and which exchanges do you plan to list on in the future?


Alitas:

Stay tuned, If there is any plan, you’ll receive an official announcement


Sung__Ho:

What are the security measures of $ALT project to ensure investors’ fund are not susceptible to hacking or lost of funds to investment, and have you done any security audit yet?


Alitas:

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


CRYPTOFUN:

Alright, you're very on fire @AlitasTeam. So, i think most of the important questions have been already answered. Lets end it here
The answer is very detailed and complete, And we went through the AMA session


Alitas:

It's our pleasure to invite you all to our Telegram Group.
A lot of events have been planned and will happen in our Alitas tech group every month. So don't miss it.


CRYPTOFUN:

Thank you @AlitasTeam for accompanying me with the AMA session today and for clarifying Alitas.tech, the technology and utilities it brings to CryptoFun Community


More about Alitas Tech:

Official website
Medium
Telegram Group
Twitter
Github
Whitepaper
BSC scan
Coinmarketcap
Indodax (ALT/IDR)

End
Zaenal Arifin
Tip