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ALZA
| ALZA | |
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ALZA logo ALZA ICO Review | |
| ALZA ICO | |
| Ticker: | ALZA |
| ICO start: | 0000-00-00 00:00:00 |
| ICO end: | 0000-00-00 00:00:00 |
| Price: | 1 ALZA = 0.024 USD |
| Tokens: | 1,000,000,000 ALZA |
| Tokentype: | ERC20 |
| Hardcap: | 19,000,000 USD |
| Softcap: | 5,000,000 USD |
| Platform: | Ethereum |
| Distributed: | 25% |
| Minimum: | 300 ETH |
| Accepting: | ETH |
Off-chain payment fields authorize an amount between nodes but the transaction item does not settle until later time. This allows instant transactions processing within the fields and automatically reconcile across all participants.
All transactions details will be encoded within payment fields before sync back to the supernode, which will prevent highly sensitive information (eg. PIThey data) leaked to the public.
Description
The efficiency of decentralized book systems like Bitcoin and Ethereum has always been a challenge. It is usually measured by three major factors: scalability, throughput, and latency. Scalability refers to how the system capacity is increased by adding more physical resources. Throughput measures the volume of transactions for a given period of time, where most current solutions attempt to improve such as NEO, EOS, etc. Latency measures the processing time of any single transaction. In current blockchain based systems, the block generation rate is the main latency bottleneck. Off-chain processes such as state channels are the most recent work that can integrate partial inbound transactions, reducing latency. Unfortunately, the state channel introduces more issues at the same time, such as cross-channel synchronization, which makes the state channel unavailable for full adoption of current blockchain solutions.
In order to solve the efficiency problem, we proposed an end-to-end solution called ALZA, which links the dedicated high-throughput blockchain with self-organizing payment fields. This mechanism allows arbitrary set of users to create payment fields that process extremely low latency transactions within each field. Therefore, users can make transactions almost immediately. Since all transactions are conducted within fields, transaction costs will be reduced by several orders of magnitude. In addition, ALZA distributes main ledger to each client through an innovative replication mechanism. Therefore, the system will be significantly more robust to blockchain system failures. In theory, ALZA can complete millions of transactions in one second, which naturally supports high-frequency trading.
Roadmap
| “ | August 2017: Team born within Google blockchain association December 2017: Idea iteration and consulting February 2018: Theory consolidated and experiments conducted April 2018: Research paper finalized and reviewed January 2018: Acquired talents to join the team March 2018: Proof of concept April 2018: Interoperability research June 2018: Started ALZA system design documentation July 2018: ALZA payment field protocol finalized August 2018: ICO September 2018: ALZA DPOS super node CLI miner October 2018: Launching testnet November 2018: ALZA Web/CLI Wallet 1.0 December 2018: Super node election test suite January 2019: Announcing super node election ALZA dPOS super node CLI miner 2.0 with Payment Field February 2019: ALZA iOS, Android and CLI Wallet 1.0 ALZA super node election closed March 2019: Super node staking reward monitor April 2019: ALZA Wallet 2.0 with Payment Field May 2019: ALZA Ecosystem Launch — Blockchain browser and Staking software June 2019: Deploying sample smart contracts on ALZA blockchain July 2019: Launching mainnet[1] | ” |
Team
External links
ALZA on Twitter
ALZA on Telegram
ALZA on Facebook
ALZA on Github
ALZA Official Website
ALZA Whitepaper
