Crypto Wallet with Hybrid operation module:

The Alpha-X wallet is a decentralized QT wallet for Windows, Mac and Linux clients for storing, sen- ding, receiving and minting new Alpha-X Coins. The user will hold his private keys in here and hence it’s the most secure way to keep the money. The wallet has already been developed by our development team and is ready for download.

Technical Solution

Alpha-X blockchain and coin is already developed, for cryptography, we have used the “Scrypt” algo- rithm, which is a password-based key derivation function. The algorithm was specifically designed to make it costly to perform large-scale custom hardware attacks by requiring large amounts of memory.

Scalability

We will be adopting and making further changes in block structures and the chain in the near future as per needs; to perform these operations we need an algorithm that will allow for a structure, which can be scaled further. Faster transactions, block size and the time for generating new blocks is very im- portant and this decides the transaction time.

Size and security of blockchain

Size and security of blockchain Scrypt allows us to add further filters or to customize as per needs; this is needed for adding extra layer of security and keep improving it. The size of the blockchain is another issue and this will be much bigger in the near future making it difficult for new entrants to quickly set up nodes.