ALZA

Category: Cryptocurrency

About

An Efficient Hybrid Decentralized Payment System

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.

Social

Documents

Whitepaper

Contacts

ALZA

United States
info@themeAves.com

Milestones

  • 2017 August
    Team born within Google blockchain association
  • 2017 December
    Idea iteration and consulting
  • 2018 January
    Acquired talents to join the team
  • 2018 February
    Theory consolidated and experiments conducted
  • 2018 March
    Proof of concept
  • 2018 April
    Research paper finalized and reviewed; Interoperability research
  • 2018 June
    Started ALZA system design documentation
  • 2018 July
    ALZA payment field protocol finalized
  • 2018 August
    ICO
  • 2018 September
    ALZA DPOS super node CLI miner
  • 2018 October
    Launching testnet
  • 2018 November
    ALZA Web/CLI Wallet 1.0
  • 2018 December
    Super node election test suite
  • 2019 January
    Announcing super node election ALZA dPOS super node CLI miner 2.0 with Payment Field
  • 2019 February
    ALZA iOS, Android and CLI Wallet 1.0 ALZA super node election closed

Team

Board of directors

Nate Zou
CEO

Advisors

Ryan Terribilini
Head of Developer Relations at Ripple Lab
Anish Patel
Senior Investment Director at SAIC Capital

Team

Eric Li
CTO
Joyce Yang
Funding Member
Howard Li
Funding Member
Henry Zhang
Blockchain Scientist
Chris Liu
Funding Member
Alan Zhao
Funding Member

ICO information

ICO starts (UTC)
TBA
ICO ends (UTC)
TBA
Whitelist
Yes
KYC
Yes
Product status
MVP
Est. product launch
6 months
Main competitors
Not specified
Payments
Ethereum
Social media

Token information

Symbol
ALZA
Platform
Ethereum
Unsold tokens
Not specified
Token lock time
Not specified
Soft cap
5 000 000 USD
Hard cap
19 000 000 USD
Circulating supply
1 000 000 000 ALZA
Total supply
4 000 000 000 ALZA
Max bonus/discount
Not specified
Token value
0.024 USD
Token issue
Not specified

Ratings and reviews

TokenDesk rating
6.3
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0 experts|0 members
Scanner
6.3
Scanner
6.3

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ALZA

Category: Cryptocurrency
TokenDesk rating
6.3
Reviewed and rated by
0 experts|0 members
Scanner
6.3
Scanner
6.3
Platform
Ethereum
Token
ALZA
Token value
0.024 USD
Hard cap
19 000 000 USD
Payments
Ethereum

Write a review

You must be logged in to write a review.