Overview

  • Country USA
  • CategoryPayments/ Micropayments

Alza is an off-chain technology powered infrastructure for high-frequency and micropayments applications.

Project stage

Only a whitepaper

Detailed description

The efficiency of decentralized book systems like Bitcoin and Ethereum has always been a challenge. It is usually measured by three major factors: scalability, throughput, and latency. Scalability refers to how the system capacity is increased by adding more physical resources. Throughput measures the volume of transactions for a given period of time, where most current solutions attempt to improve such as NEO, EOS, etc. Latency measures the processing time of any single transaction. In current blockchain based systems, the block generation rate is the main latency bottleneck. Off-chain processes such as state channels are the most recent work that can integrate partial inbound transactions, reducing latency. Unfortunately, the state channel introduces more issues at the same time, such as cross-channel synchronization, which makes the state channel unavailable for full adoption of current blockchain solutions.

In order to solve the efficiency problem, we proposed an end-to-end solution called ALZA, 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.

Problem

Obviously, there is a gap between usability and the way Bitcoin works today. Industries have brought up this question several times: What does it take to scale the blockchain?

The limitations can be categorized as follows: 

  • Speed of transaction processing. The block generation and consensus mechanism bottlenecks the transaction speed, it is an infrastructure level tradeoff. 
  • Cost of processing. In the blockchain, participants help to maintain and update shared ledgers and share maintenance costs among participants instead of having one entity directly bear the costs and then charging one entity. In this sharing of responsibilities, participants can see the direct costs of increasing system operations. 
  • Lack of governance. As many approaches trade security for speed, the risk of the shared ledger increases. Governance structures can improve the safety of ablockchain structure (for example, by the involvement of a broad spectrum of stakeholders) or weaken it (for example, by limiting the decision making participants). 
  • Privacy. In some blockchain system, all nodes have access to a copy of the ledger and may, if allowed, see all transactional history. However, in applying blockchain technology in the practice, participants may not want or be permitted to provide full visibility of the data. In such cases, access to information may be restricted.

Solution

The ALZA system aims to provide practical solutions to the about limitations by establishing a self-sustained and coherent infrastructure. It smoothly hybrids on-chain and off-chain solutions, which further addresses the above limitations. In summary, we make the following contributions.

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

Features

Authorization only transaction
Off-chain payment fields authorize an amount between nodes but the transaction item does not settle until a later time. This allows instant transactions processing within the fields and automatically reconcile across all participants.

Privacy
All transactions details will be encoded within payment fields before sync back to the supernode, which will prevent highly sensitive information (eg. PII data) leaked to the public.

Scalability
Pushing the transaction process to the off-chain payment fields allows us to increase transaction volume by establishing more payment fields proportionally. Therefore, the decentralized network's processing limit does not apply.

Storage-RAFI
RaFi (Redundant Array of Satellite Infrastructure) is a distributed self-replicating storage system that provides data storage for DApps deployed on ALZA blockchain.

Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : ALZA
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 19,000,000 USD
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. :5,000,000 USD
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :4,000,000,000 ALZA
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :1,000,000,000 ALZA
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Soon(Start TBA)
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :China, USA,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA

Sale schedule

Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
Public sale — Soon
Start Soon
0.024 USD No - Uncapped 3,000,000 USD
Private pre-sale — Active
15 Jul 00:00 UTC
0.0192 USD 20% Max 500 ETH Uncapped 16,000,000 USD
  • Team

    • Eric Li photo
      Eric Li
      Software Engineer
    • Joyce Yang photo
      Joyce Yang
      Software Engineer
    • Howard Li photo
      Howard Li
      Software Engineer
    • Henry Zhang photo
      Henry Zhang
      Senior Engineer Manager
    • Chris Liu photo
      Chris Liu
      Staff Software Engineer
    • Alan Zhao photo
      Alan Zhao
      Software Engineer
    • Nate Zou photo
      Nate Zou
      Product
  • Advisors

    • Ryan Terribilini
      Head of Developer Relations at Ripple Lab
    • Anish Patel
      Senior Investment Director at SAIC Capital

Roadmap

  • Aug 2017

    Team born within Google blockchain association

  • Dec 2017

    Idea iteration and consulting

  • Feb 2018

    Theory consolidated and experiments conducted

  • Apr 2018

    Research paper finalized and reviewed

  • Jan 2018

    Acquired talents to join the team

  • Mar 2018

    Proof of concept

  • Apr 2018

    Interoperability research

  • Jun 2018

    Started ALZA system design documentation

  • Jul 2018

    ALZA payment field protocol finalized

  • Aug 2018

    ICO

  • Sep 2018

    ALZA DPOS super node CLI miner

  • Oct 2018

    Launching testnet

  • Nov 2018

    ALZA Web/CLI Wallet 1.0

  • Dec 2018

    Super node election test suite

  • Jan 2019
    • Announcing super node election
    • ALZA dPOS super node CLI miner 2.0 with Payment Field
  • Feb 2019
    • ALZA iOS, Android and CLI Wallet 1.0
    • ALZA super node election closed
  • Mar 2019

    Super node staking reward monitor

  • Apr 2019

    ALZA Wallet 2.0 with Payment Field

  • May 219

    ALZA Ecosystem Launch - Blockchain browser and Staking software

  • Jun 2019

    Deploying sample smart contracts on ALZA blockchain

  • Jul 2019

    Launching mainnet

  • Oct 2019

    Launching sample DApp Tooking

Activity