The novel blockchain technology has seen an unparalleled growth during the current year. The increasing attention towards the market has led to fierce competition between new and existing products. With excess supply of projects, investors struggle to shortlist projects which is why it has become a race for survival in the market. Every new project launched tries to expand on the existing technology – brining upon innovations in the market.
In this guide, we will discuss the Alitas project. The project may have succeeded in its mission of differentiation as it introduced technology never before seen or heard of. Let’s get into what the network is all about!
What is Alitas?
Alitas is considered to be the infrastructure for the newer generation of blockchains. The aim of the network is to foster an environment of trust with convenience, security and efficiency to enable stable development for customers worldwide while not compromising on any aspect of the network. Alitas also offer a lightning-fast speed of up to 30,000 transactions per second. The network brings about a breakthrough in the directed acyclic graph (DAG) technology through its innovations.
Alitas has introduced a Tolerance Algorithm which solves problems with data inconsistency. Through this structure, nodes are able to obtain legal transaction references – enabling total decentralization. Another innovation is the Star Drop effect which introduces randomness in node generation to ensure unmatched security.
Future outlook
Alitas is one of the newer projects launched in the cryptocurrency market; however, its unique offering has helped it to a rank of 224 in the market – which is not an easy feat. The cryptocurrency has brought various new innovations with itself which are poised to help it reach new heights of success. The trajectory of the project ever since the completion of its main chain has been remarkable. The construction of the underlying main network was completed in the first quarter of 2021 and that is not the end. The team has an ambitious roadmap planned for the upcoming year and various new developments are expected to take place. By the end of 2021, the Star Drop effect will be completed and in 2022 the on-chain ecosystem will be built with governance and contracts.
According to the estimates of Digital Coin Price, the cryptocurrency is expected to stand at a price level of $17 in a year’s time while the five-year projection places it at $39. At the time of writing, Alitas stands at $11.
