- Alitas has built the underlying technology of future projects with the advantage of its tolerance algorithm, star drop effect, etc.
- Alitas, with its underlying technology, records 30,000 transactions per second while maintaining network security
- The price of Alitas has been up 4.62% in the last 24 hours to trade at $7.78 with an ever-increasing market capitalization
- Alitas achieves perfect decentralization and encourages community participation at every phase of its development
Blockchain technology is the underlying technology for cryptocurrencies and smart contracts. The development of this technology has been fast and constantly scaling up over the years with different models. Alitas is the future of networks as its team has created the perfect platform for networks to be deployed while being secure and decentralized. The Alitas architecture completely replaces the traditional block system.
Designed for speed and efficiency, the Alitas network records over 30,000 transactions per second. The tolerance algorithm and the star drop effect are two strong pillars of this project which help it disrupt the traditional block architecture. The tolerance algorithm solves data consistency while maintaining decentralization. The star drop effect introduces nodes to make the entire process legitimate while maintaining security and ensuring privacy.
Alitas (ALT) Price Update
The price of Alitas is on a steady rise because of its utility in building and linking a new generation of networks. ALT is the utility token of the Alitas network.
With an increasing number of value networks now built on the system, the ALT will continue to rise systematically. The price of ALT is up 16.42% in the past 24 hours as it continues its surge.
The 24 hours price chart of Alitas (ALT). Source: CoinMarketCap
At the start of the month, ALT was trading at $2.26 and its price has made a 300% increase since then. The surge of ALT was highly visible as it surpassed the $1 mark on August 17th, closing the day at $2.
Since then, the token has continued on a blistering run. The price of ALT sits at $7.78, with more room for growth in the coming months. ALT is currently ranked #224 on CoinMarketCap.
Recent Developments and Future Events
As a network that aims to succeed as it restructures and remodels the traditional block network system, Alitas is constantly improving its mechanisms to maintain pace with its objectives.
Alitas tech has designed the Alitas State Machine to aid state migrations on the platform. In August its team also improved the hashgraph part of the structure and test code compatibility.
The design of the peer-set structure is another significant leap in the right direction for the project. The technological development of Alitas is still on the way with the design of the Alitas Store class, unique innovations, and upgrades.
Alitas was also listed on the XT exchange on June 1st. This development has helped spur the increasing adoption of the token. In addition, Alitas was listed on the Bibox exchange with a shocking maximum gain of 523% on launch day.
Alitas completed its Tolerance algorithm in the Q2 of this year and continued testing for efficiency in Q3. The Alitas star drop project will be completed in the fourth quarter of this year, while its on-chain ecosystem will be built next year.
On The Flipside
- Alitas is a fairly new project, so its mass adoption will take a bit of time as it’s still developing its core mechanisms.
- The price surge of Alitas may be due to the overall market form and may pass through a price correction soon.
A project to change the current model of blockchains needs all hands on deck, especially its community. Alitas ensures complete decentralization while still maintaining network security and privacy.
As a promising new project, users are naturally drawn to the project. Alitas has lived up to the expectation by promising an incentivized decentralized system. In addition to this, on-chain governance will commence early next year on the platform allowing users to contribute to the platform’s development.
Alitas has started gaining traction with users excited about the price surge and other issues on social media.
Twitter user @kkoin2021 was delighted about the recent partnerships from Alitas and had this to say;
Another Twitter user @sarang143u shared the news about the platform hitting a new feat.
Alitas Market Capitalization Reaches $144.04 Million— Sarang Pokhare (@sarang143u) September 7, 2021
Alitas (CURRENCY:ALT) traded 13.1% higher against the US dollar during the 24 hour period ending at 20:00 PM E.T. on September 6th. During the last seven days, Alitas has traded 3.2% higher agai https://t.co/9QbUXcIczX
@godpelpa wanted to find out and engage more with the Alitas project and had this question.
Researching about the ALITAS project I would like to know what are the functions of the ALT token within the ecosystem and what are the benefits for the community to buy and store this token? What can the community expect from the project in the long term?— David (@Godpelpa) September 10, 2021
Why You Should Care?
The current blockchain structure is impressive, but there’s always room for improvement. Alitas is coming up with a new structure for the next generation of protocols. The increasing price of its native token is a sign of the good things yet to come for the platform.