ALZA is an end-to-end solution, 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.

1. General Information

Hard cap: $19,000,000

Soft cap: $5,000,000

Type of token: ERC20

Channels:

Telegram: https://t.me/ALZA_Official

Twitter: https://twitter.com/ALZA_Official

Github: https://github.com/ALZAProject

2. Origin of ideas

The ALZA system aims to provide practical solutions to the limitations of current blockchain in transaction latency, scalability and privacy by establishing a self-sustained and coherent infrastructure. It smoothly hybrids on-chain and off-chain solutions, which further addresses the above limitations by:

Designing ALZA ledger block – a dedicated chain block which optimized for dPOS consensus. This fundamental building block helps the entire system reach sequential performance to handle high transaction volume.

Designing an off-chain transaction mechanism named Self-organizing Payment Field . It provides ultra low latency and high fault tolerant transaction functionality. In addition, it summarizes local high frequency payments into batches, which reduces transaction cost to several order of magnitude.

Designing a privacy controlling module named Privacy Sentinel , which provide full data ownership with privacy and security.

Designing a data validation and recovery system called Redundant Array of Satellite Infrastructure (RaFi) . It provides ultimate availability as well as high trustworthiness to the overall system.

3. Outstanding Features

Real time transactions and high throughput: Off-chain payment fields enable instant payments, which can be confirmed within miliseconds. ALZA employs the delegated proof of stake (PoS) consensus mechanism. This contrasts with Bitcoin’s proof of work system to provide a high throughput and low latency transaction processing capability.

100% Data ownership: Transaction data will only be available to the participants, no exposure to the public. ALZA excels at privacy in that the payment field does not disclose all the transactions to the SuperNode. In most of cases, the general public does not see the transactions that happen inside a payment field, although the general public does see the transactions that happen outside a payment field.

Ultra low cost: Transactions will cost only marginal costs. In the ALZA system, every stakeholders can delegate their stake to the main node. The delegation shows the level of trust one stakeholder put on the validator. In another word, the transaction fee would be minimal while everybody in the system can choose to profit from validation.

High reliability: RaFi replicates and manages transaction data, ensuring minimal loss. The RaFi namespace is a hierarchy of files and directories. Files and directories are represented on the NameNode by inodes, which record attributes like permissions, modification and access times, namespace and disk space quotas.

4. Fields of applications

Retail Payment Solution

Instant transaction processing, on-demand settlement and ultra-low transaction processing fees are going to be dream come true for all retailers and small business owners.ALZA' s unique way of processing transactions brings blockchain payment technology to the next level.

E-commerce DApp built on ALZA ecosystem

By taking full advantages of ALZA blockchain technology, D-Apps build on ALZA blockchain will be able to send and receive money instantly. With powerful tools like APIs, development tools, SDKs and support provided by the ALZA team, we are building a vibrant ecosystem that helps developers grow their business.

IOT, Gaming, Video Streaming Etc. Enabled By Micropayments

Blockchain is a popular candidate to become the payment infrastructure for the upcoming machine-to-machine economy. The Internet of Things may increase the number of commercial transactions by an order of magnitude - lower transaction cost will boost even more use cases to emerge.

5. Team

ALZA team calls themselves “the group of Googlers” whose professional backgrounds are mostly from Google with distinguished technical experience in software and blockchain technologies.

Eric Li

He is a software Engineer at Google, who won Google Best Paper Winner at International Top Social Network Analysis and Mining Conference (ASONAM).

Joyce Yang

Software Engineer @ Google Google distrtibuted expert leading large scale real-time data processing for Google Cloud.

Howard Li

Softare Engineer at Google, working at Google Machine learning, expert leading Google Ads algorithm group.

He has PhD in Computer Science with background in Machine Learning and Data Mining.

Solid research papers in premier international conferences including AAAI, WWW, ICDM and ACL.

Strong expertise in Machine Learning, Spam Detection, Social Networks and Text Mining.

Henry Zhang

Senior Engineer Manager at Foxit Software.

Chris Liu

Software Engineer at Google, who won Google Multiple gold medal winner of ACM/ICPC International Programming Contest WInner. He was also a system development engineer at Yahoo!

Alan Zhao

Software Engineer at Google PBFT, PAXOS, RAFT, expert at Google search growth team.

Nate Zou

Product Manager at Intuit Building payment products that process over 140billion USD in transactions per year.

Product Management & Startup

- Building world class SaaS product that simplifies the business of life

- Built awards winning software products with 220 Million users

- Shipped products that generate $45million revenue each year

- Built RiseU.com, an online education activities marketplace

7 years track record across the enterprise and consumer applications from conception to launch.

Specialties: Product management, SaaS, customer-centric design, product leadership, cross-functional stakeholder management, enterprise application, UI/UX, product planning, agile development, managing global teams, and product growth.

6. Roadmap

Stage 1: Research

August 2017: Team establishment

December 2017: Idea iteration and consulting

February 2018: Theory consolidated and experiments conducted

April 2018: Research paper finalized and reviewed

Stage 2: Test Net

January 2018: Acquired talents to join the team

March 2018: Proof of concept

April 2018: Interoperability research

June 2018: Started ALZA system design documentation

July 2018: ALZA payment field protocol finalized

August 2018: ICO

October 2018: Launching testnet

November 2018: ALZA web/client wallet 1.0

December 2018: Super node election test suite

Stage 3: Main Net

January 2019: Announcing super node election, ALZA dPOS super node CLI miner 2.0 with payment field

Februart 2019: ALZA iOS, Android and CLI wallet 1.0, ALZA super node election closed

March 2019: ALZA wallet 2.0 with payment field

May 2019: ALZA ecosystem launch - blockchain browser and stacking software

June 2019: Deploying sample smart contracts on ALZA blockchain

July 2019: Launching mainnet

7. Community

Marketing situation seems idle. The Telegram has currently increased to over 56,000 participants. However the level of interaction has not been equivalently dynamic, which questions the authenticity of the group account number. Most discussed topics do not relate to the technology or product of the project.

Twitter: 7,578 followers

8. Summary

The team has a brilliant idea of combining on-chain and off-chain features into a hybrid system, which can maximize the throughput and transaction speed. Transaction fees are expected to be negligible and the deployment of the RaFi system to manage transaction data promises great potentials of privacy and minimal data losses.The team comprises of Google engineers with strong backgrounds in software engineering and technological advances. The project has a small hard cap of $19,000,000, with a soft cap of $5,000,000.

Rating from Icogens.com:

HYPE RISK ROI TERM ICOGENS' SCORE MEDIUM HIGH MEDIUM MEDIUM NORMAL

Follow for the updates about Alza and other ICO projects.

*Note: All the information (on icogens.com) including tokens sales, “interest level”, ROI rate, hype rate, risk rate are our subjective opinion and only for informational and educational purposes. The information ICO Gens provides is not an investment advice.

HYPE: is defined as the level of concern over a project and its FOMO. This score is based on the number of people joining a project’s social channels such as Reddit, Telegram, Twitter, Facebook, Bitcointalk, Medium or Slack as well as the number of review articles produced by the third party.

RISK: the risk rate of the project. Based on this score, you can find more spam warnings of the project. More specifically, RISK is about the transparency of the project, its idea, members of the development team, roadmap and whitepaper. (RISK is rated regardless ROI rate of the project).

ROI: (Return on Investment): the rate of profit a project can bring to investors (ROI is considered separately from RISK. ROI can be rated High and RISK can be rated High as well).

TERM: this factor reveals the length of time you should hold token or coin of a project. The period of time can be Short, Medium or Long.

ICOGENS’ SCORE: this score can be decided by scores of four other scores or it will reflect the level of interest ICOGENS’ team has in the project. This score is separated from ROI score. It just shows how much Icogens core team concern the project.

You are reading [ICO Review] Alza - A hybrid solution for micropayments from the section ARTICLES.

Source: Icogens.com