ALZA

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Ico logo alza.jpg An Efficient Hybrid Decentralized Payment System
Rating 3
Team Vision Product
0 0 0


Summary[edit]

ALZA is an off-chain technology powered infrastructure for high-frequency and micropayment applications.

Token ALZA
Price 1 ALZA = 0.024 USD
Platform Ethereum
Type ERC20
Accepting ETH
Minimum investment 300 ETH
Distributed in ICO 25%
Soft cap 5,000,000 USD
Hard cap 19,000,000 USD
Tokens for sale 1000000000
Country USA
Restricted areas USA, China
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About[edit]

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.


Team[edit]

Team photo 3899-47265.jpg
Eric Li
CTO
Team photo 3899-47266.jpg
Joyce Yang
Funding Member
Team photo 3899-47267.jpg
Howard Li
Funding Member


Team photo 3899-47268.jpg
Henry Zhang
Blockchain Scientist
Team photo 3899-47270.jpg
Chris Liu
Funding Member
Team photo 3899-47271.jpg
Alan Zhao
Funding Member


Team photo 3899-47272.jpg
Nate Zou
CEO



Milestones[edit]

  1. August 2017
    Team born within Google blockchain association
  1. December 2017
    Idea iteration and consulting
  1. February 2018
    Theory consolidated and experiments conducted
  1. April 2018
    Research paper finalized and reviewed
  1. January 2018
    Acquired talents to join the team
  1. March 2018
    Proof of concept
  1. April 2018
    Interoperability research
  1. June 2018
    Started ALZA system design documentation
  1. July 2018
    ALZA payment field protocol finalized
  1. August 2018
    ICO
  1. September 2018
    ALZA DPOS super node CLI miner
  1. October 2018
    Launching testnet
  1. November 2018
    ALZA Web/CLI Wallet 1.0
  1. December 2018
    Super node election test suite
  1. January 2019
    Announcing super node election
    ALZA dPOS super node CLI miner 2.0 with Payment Field
  1. February 2019
    ALZA iOS, Android and CLI Wallet 1.0
    ALZA super node election closed
  1. March 2019
    Super node staking reward monitor
  1. April 2019
    ALZA Wallet 2.0 with Payment Field
  1. May 2019
    ALZA Ecosystem Launch — Blockchain browser and Staking software
  1. June 2019
    Deploying sample smart contracts on ALZA blockchain
  1. July 2019
    Launching mainnet

Ratings[edit]

Expert photo benchy.jpg

Benchy - ICO Analyzer Bot
Rated on 2018-10-19

Rating
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