ALITAS AMA RECAP — 14/11/2021

Thank you to the Cryptowid for participating in Ask Me Anything (AMA) with Alitas November 14th 2021 3am UTC. This guest star :

Alitas Team

Live Telegram AMA

INTRODUCTION

Before we start AMA main segment, we really want to know some informations about yourself. Could you do a little introduction for us know better about you?

|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. The price of the Alitas reaches new ATH

SEGMENT 1

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.

Please check some news of Alitas:
https://blockchainmedia.id/alitas-melantai-di-indodax-harga-alt-menguat/

Q2. Would you like to let us know What Alitas is?

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.

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 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.

Q4. 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.

Last question from segment 1 . .

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.

SEGMENT 2

Q1. Could you explain the "Star Drop effect" feature on your transaction consensus? How does it works and what advantages and benefits does it provide for the transactions done within Alitas Network?

Alitas:
Star Drop effect Randomness like the star drop introduces nodes to obtain the legitimacy of the transaction. Realize high security of transaction privacy. It helps to breaks the traditional chain structure, and designs a new consensus mechanism

Q2. NFT is in top trends in crypto world rightnow. What do you think about this? Does have any plans to add NFT to your ecosystem?

Alitas:
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.

Q3. What are the benefits of holding $ALT as long term investment? Can you tell us about the motivation and benefits for investors to keep the your token in the long run?

Alitas:
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.

Q4. what is the vision of the ALITAS project? and what strategic projects will be launched in the near 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.

Q5. Can you explain how is your Tokenomics Distribution? How many $ALT tokens Will be minted ? And How many $ALT tokens Will be locked by the team?

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

Q1. During these days a lot of project are just copying between them and they forgot the Innovations, so can you tell us what is the special or unique thing that Your project is only able to provide?

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. Break the performance bottleneck of the consensus mechanism

Q2. One of the technical advantages that ALITAS has is 'Directed Acyclic Graph' (DAG). Written that this system is better than traditional blockchaiin. What is the difference? How do you use this system for ALITAS products so that we can enjoy the benefits of DAG?

Alitas:
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
DAG unit is TX, DAG is a network of transaction units that can write transactions asynchronously and concurrently , As if multi-core multi-threaded CPU, DAG records a single user transaction.

Q3. Trust and security are very important in any business, what makes investors, customers, and users safe secure when working with your project?

Alitas:
Randomness like the star drop introduces nodes to obtain the legitimacy of the transaction. Realize high security of transaction privacacy. Alitas break the traditional chain structure and design a new consensus mechanism on ALITAS

Q4.There are 3 common core problems in cryptocurrency and blockchain: Excessive volatility, Security, Scalability, Interoperability, transaction speed. How does your team plan to fix these problems?

Alitas:
It is not easy to do the rate as decentralization, scalability, and security are all of vital importance for Alitas. And we’ll try our best to find a balance between them. The off-chain second-tier network improves scalability by introducing application state, which imposes an unrealistic "always-on" responsibility on users because the second-tier network should always be available for on-chain disputes

Q5. 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 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.

AMA FINISHED

Follow Alitas sosial media:
• Telegram Group Official :
https://t.me/Alitastech
• Twitter :
https://twitter.com/AlitasTech
• Medium :
http://alitastech.medium.com

Thank you for trusting Cryptowid as the organizer of the event today hopefully everyone can understand about ALITAS.
Join our Telegram Group and you can talk directly with other Communities and enjoy some of the event that we created. We are always here to support.

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