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Hello everyone, followers of my blog! In today's review, we will talk about one ambitious and promising blockchain project to create a new, ultra-fast and anonymous crypto currency, with many functions. The name of this project is ALPHA X and AX is called coin COIN.
Problems of modern crypto currencies
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To begin with, we will analyze in detail the current situation in the crypto currency market.
There are quite a few problems in this area. This is the reason why new currencies keep popping up. It all started a few years ago, when the market (although then there was no market) was present only crypto - currency "gold" - bitcoin. Then, a team of intelligent developers, not satisfied with the low speed of transaction processing in the bitcoin network, as well as high fees, decided to correct the situation by creating its own alternative, and released the first Alt – litecoin. Its very name speaks of its purpose – easy and fast. The speed of transactions in the litecoin network exceeds the speed of the same in the cue ball as much as 9 times (7 transactions per second against 56), and the Commission to this day remains record low.
But progress did not stand still and the blockchain developed more and more, here and Vitalik Buterin with smart contracts and the Ethereum network drove up, and Dash with their idea of complete anonymity, then the developers of the cue ball realized the errors of their system and decided to make a hard fork of btc, as a result of which we received bitcoin cash. But still, there is still no crypto currency that combines all the positive qualities of other currencies – the speed of transactions, the scalability of the network, anonymity, and security. Everyone has it all individually-dash is the safest, eth is the smartest, ripple is the fastest, but each of these crypto currencies has its drawbacks. This is what the ambitious team of Russian developers from the ALPHA x project is trying to fix.whether they succeed Or not, it is difficult to understand, given the huge competition in the market, as well as the General decline in interest in the crypto industry and the departure from the game of large institutional investors. But let's look at the currency ALPHA X in more detail and consider all its features.
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Advantages of ALPHA x crypto currency in comparison with competitors
As I said, the developers of the ALPHA X project want to create an ideal currency that would be as popular as traditional payment systems (like Visa and Master Card) at the moment. A new generation of crypto currency, as they say. First of all, they are working on the following points:
- Maximum decentralization of the system. The creators of ALPHA X plan to completely eliminate the human factor from the project management. All decisions on making changes to the network will be made by the excluded community consisting of AX Coin token holders. The more the owner of these tokens has-the stronger his voice in decision-making. Developers in this case will be only performers of the will of the people.
- The consequence of the first point is the lowest possible Commission on transactions. This is also a consequence of the protection algorithm, running on a network of ALPHA distributed Along X. the algorithm PoW – proof of work, which is used in most crypto currency and mining is in the usual sense of the word, the blockchain ALPHA X will use the principle PoS – proof of stake. The essence of this method is that the right to create a new block is not the one who has more powerful equipment, but the one who holds more tokens of the system. This approach eliminates the huge energy costs associated with mining, and also eliminates the need for users to reward miners with commissions from transactions.
- Security and encrypted. The creators of ALPHA X understand that it is impossible to create a reliable crypto currency without a proper level of security. The ALPHA X system will take serious measures to encrypt data, which in addition to the security of the network will lead to a high level of anonymity, which, the developers believe, will exceed the level of anonymity in the dash network.
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- Own P2P market. In order to increase the value of their currency and make it possible to apply not only in trade and speculation, they will also launch their own marketplace, where you can sell a variety of goods and services for coins AX Coin. Model P2P-peer to peer – assumes that all trade will be carried out directly from the supplier to the buyer, without intermediaries. Formally, the intermediary will be, but it will be the blockchain itself, and not various banking corporations and payment systems. This market will also be filled by the participants themselves.
Based on the above, we can say with confidence that the idea of crypto currency ALPHA X is really ambitious, and if the developers will be able to bring the project to the end, then this currency will really become very popular, not only among investors and traders, but also among ordinary people, far from the crypto currency industry.
Website: https://alpha-x.io/#/home
Whitepaper:https://alpha-x.io/assets/website/whitepaper/Alpha-X_Whitepaper.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=5028888.0
Facebook: https://www.facebook.com/alphaxblockchain/?modal=admin_todo_tour
Medium: https://medium.com/@alphaX
Reddit: https://www.reddit.com/user/AlphaX2807
Twitter: https://twitter.com/alphax_official
Telegram: https://t.me/alphax_official
Author :
Bitcointalk Name : YUlka_Holod
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1785944;sa=summary
Eth Address: 0xCac8075750FF1177E727182d00D353539cF58aBe