What Is Alitas (ALT)?
Alitas is an infrastructure of value networks of the new generation, which is aimed to develop new trusted network protocols. The primary aim of Alitas is to provide convenient, efficient, secure, and stable deployment environments to users across the world. The architecture of Alitas builds up blocks to gain complete decentralization and achieve transaction per second (TPS) up to over 30,000 per second.
According to the whitepaper, Alitas aims to possess a tolerance algorithm, whereby consensus is removed to solve data consistency. The Alitas structure seeks to help the network nodes to obtain legal transaction references and achieve complete decentralization. Network nodes refer to the point that creates, receives, and transmits messages. Every participant in the network can trade and participate actively in consensus.
Alita's business community consists of an offline network, which aims to provide cross-chain protocols through Layer 2 or sidechains. Layer 2 is the second layer of a data link layer called Open Systems Interconnection (OSI), whereby data packets are encoded and decoded into actual bits.
Another feature of Alitas is the Star Drop Effect, whereby the nodes seek to obtain transaction legitimacy. Such a feature aims to help to achieve high security of transaction privacy. Importantly, Alitas seeks to be wholly integrated with cloud computing, big data, artificial intelligence, 5G, and other technologies due to the platform’s open ecology. Alitas also aims to connect to other blockchain networks seamlessly.
The throughput of Alitas is high, as the on-chain transaction of TPS can reach 20,000. Moreover, the fault tolerance of Alitas reaches up to 99.99%, which aims to reflect the high-security system of the platform. The scalability of the system can be adjusted through a scalable second-tier network.
ALT is the ticker symbol of Alitas token that follows BEP-20 standards. BEP-20 is a Binance Smart Chain token standard that extends ERC-20, the most prevalent Ethereum token standard.
History of Alitas (ALT)
The whitepaper of Alitas was published on November 11, 2021. The tolerance algorithm of the platform was launched in the second quarter of 2021. The platform’s star drop effect was launched in the fourth quarter of 2021.
Alitas token has a maximum total supply of 1,000,000,000 ALT.
