CryptoFun X Alitas AMA Recap II

19 Nov 2021 01:41
CryptoFun X Alitas AMA Recap II

Hello, We had an AMA with Alitas on Nov 18, 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 1890
Live Question 349

Segments:

  1. Introduction
  2. Twitter Questions
  3. Live Questions

Introduction

Cryptofun:

Can you introduce yourself to our community first ?


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.


Alitas:

I would like to share the events ongoing in our community


1) Quiz event on Telegram
2) Giveaway event on Twitter
3) Airdrop campaign on Twitter


Cryptofun:

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


Alitas:

Recently ALT showed its great marketing performance. Since its launch of 0.9 USD, while the price of ALT now is 30 USD. The 30X shows the marketing recognition of Alitas. And Alitas will focus more on our technical innovations. 30X is just the beginning, we are certain that we’ll have a greater future.


Cryptofun:

2. Would you like to let us know What Alitas 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. 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:

3. What technical characteristics make Alitas special?


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. Realize high security of transaction privacy.
Alitas structure. 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:

4. 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. 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.


Cryptofun:

5. Any plans for listing on exchanges?


Alitas:

Currently ALT token is listed on indodax.com, cointiger, bibox and xt.com, which strongly demonstrated its potential and strength in technology innovation. And currently we are under negotiation with some reputable exchanges. I think we’ll have good news very soon.


Cryptofun:

6. How do we follow the news of Alitas?


Alitas:

Please follow our Twitter. Currently we are hosting an giveaway on Twitter. And don’t forget to join our Telegram for some daily prizes.


Cryptofun:

7. 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:

8. 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:

9. 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:

10. Do you have any good news to share with us?


Alitas:

Currently Alitas is working on product and technical upgrades to deeply participate in the metaverse and NFT field. At the same time, we do work on getting ALT listed on world class reputable exchanges too. Stau tuned.


SEGMENT 2: QUESTIONS FROM TWITTER


Cryptofun:

Q1. From : ar_rahman9999

With the COVID-19 pandemic, it is very necessary to implement mechanisms that ensure the acceleration and optimization of clinical and investigations, what contributions with blockchain solutions is Alitas making to investigations related to the pandemic?


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.


Cryptofun:

Q2. From : Rohim66666

What makes you feel confident about the survival & sustainable success of Your project in the near future? While you build your project, do you take into account community feedbacks and demands?


Alitas:

Hashgraph is a Gossip gossip protocol consensus algorithm developed by Leemon Baird. All nodes randomly share their known transactionswith other nodes, so eventually all transactions can be passed to each node. Hashgraph is very fast (more than 250,000 transactions per second). DAG was originally a commonly used data structure in the computer field. Due to the excellent characteristics brought about by the unique topology, it is often used to deal with a variety of algorithm scenarios such as dynamic planning, navigation to find the shortest path, data compression.


Cryptofun:

Q3. From : Kudus1111

On moving forward through your roadmap, what are your most important next priorities? Does your team have enough fundamental (Funds, Community, ect) to achieve those milestones?


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.


Cryptofun:

Q4. From : Kholik7777

Ambassador plays a major role in creating awareness about a project. Does Alitas have ambassador program ? If yes how can I participate in that?


Alitas:

Yes, we do have that plan and we welcome all kinds of partners to work together for building a greater blockchain world. Please let us know if you want to work with us for a better future.


Cryptofun:

Q5. From : Aziz2233445566

What difficulties have been encountered during the development of Alitas ?


Alitas:

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. TOKEN can only be used on Alitas in Singapore or any relevant jurisdiction.


SEGMENT 3: LIVE QUESTIONS


ARKZY:

Can you tell us about some of your partners and who you plan to collaborate with in the near future ?


Alitas:

We do have that plan and we welcome all kinds of partners to work together for building a greater blockchain world. Please let us know if you want to work with us for a better future.


jalud 996:

what are the advantages of alitas project compared to others?


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. 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.


Đỗ Hải Đăng:

Where can I currently buy Token?


Alitas:

Currently, you could only buy at Cointiger, Indodax and xt.com, You can buy ALT on Bibox, 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.


Haruto:

Since NFT is popular nowadays, is there a plan for NFT integration?


Alitas:

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.


May BE The Moon WILL WITH YOU:

How your tokens are in circulation and what is your total supply? What is the schedule for Unlocking of listen token? In short, please assist us with your structure of Tokenomics?


Alitas:

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.


More about Alitas Tech:

Website
Medium
Telegram Group
Twitter
Github
Coinmarketcap

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Zaenal Arifin
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