Title: Welcome to Cryptoworld ALCT Post by: sandymarcus on August 20, 2020, 10:03:19 AM https://altcript.com/img/logo.png
An open cryptocurrency platform ready for real world adoption. WHAT IS AN ALCT (ALTCRIPT COIN) ? ALCT is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. ALTCRIPT is an open source, global payment network that is fully decentralized without any central authorities. ALCT is an revolutionary blockchain decentralized cryptocurrency based waves platform Which bring new revolution to revolutionary world Introduction. ALCT Cryptocurrancy Abstract WAVES is a decentralized blockchain platform focusing on custom blockchain tokens operations National currencies transfer is maintained on the WAVES blockchain through compliant gateway operators Decentralized token exchange facilitates fundraising WAVES crowdfunding and trading of financial instruments on the blockchain Lightweight clients provide an easy installation procedure and a flat learning curve for end users. Common wisdom Since its inception blockchain technology has been fraught with controversy over its most natural application — value transfer using the network token Decentralized money is a ground breaking development but blockchain technology cannot be reduced to this alone Being essentially a distributed database the blockchain allows for various types of distributed ledger entries the nature of which depends on their interpretation by the blockchain’s users Introducing the blockchain as a foundation for digital cash attracted a great deal of attention to the technology putting regulators and governments worldwide on high alert in the process There is no doubt that Bitcoin will establish itself as a valid monetary system But it is also obvious that there should not be too many blockchain tokens in use as money at the present time since the low liquidity and high volatility this causes prevent the use of emerging blockchains as a secure store of value We propose to focus on other uses of blockchain tokens — those which are often overlooked in favor of the low level opportunities which blockchain technology might provide such as smart contracts There is very strong untapped potential in a classical colored coins approach and the WAVES platform is designed to realize this to its fullest extent Smart contracts being a natural development of Bitcoin scripting are inevitable and will be one of the cornerstones of blockchain technology On the other hand certain features are much easier to implement using other approaches Custom tokens operations realized as an attachment to blockchain transactions are very flexible and can be used in a variety of applications from national currencies transfer over the blockchain to decentralized trading A focus on such operations might well complement the approach introduced by Ethereum [ ] In the following sections we will describe the technical motivation for WAVES platform’s features and illustrate them with use cases We intend to determine the most “production ready” aspects of current blockchain technology and apply them to the real world problems Custom blockchain tokens and their usage Technical motivation Blockchain assets and colored coins approaches emerged around when several protocols utilizing Bitcoin’s blockchain were implemented [ ] [ ] [ ] Besides this there were several attempts to build custom blo kchain tokens platform from scratch of which the most notable is Nxt [ ] We develop the approach which Nxt implemented realizing custom tokens creation and transfer through attachments added to blockchain transactions This approach has clear merits such as the ability to implement new transaction types easily but from practical point of view it is fraught with the problem of mandatory hard forks — when adding a new transaction type network client software has to be updated since old clients cannot support new transaction typesWAVES approaches this problem by offering an extensible solutionin which new transaction types are introduced through plug ins that are not included in the core software module but are instead installed as an extension on top of it Clients that do not have the relevant plug in installed can still relay these custom transactions This approach allows third party developers to introduce new transaction types and creates an Appstore like ecosystem Only the most basic transaction types are supported at the core level including Custom token creation deletion and transfer Decentralized token exchange realized as a distributed order matching engine where Bid and Ask network transactions are matched against each other Anonymity features — anonymous order books are a must for an industry grade trading platform It should be noted that WAVES makes a crucial step ahead with decentralized blockchain trading by offering trading of one custom token against another asset to asset trading This opens up a whole new range of opportunities including trading against tokens tied to national currencies thus replicating traditional trading infrastructures National currencies on the blockchain Although using the main network token for value transfer is quite natural it nevertheless raises several issues se of low liquidity and highly volatile tokens for value transfer has obvious drawbacks for merchants and creates tension with regulatory bodies Still fully decentralized money is viable which is demonstrated by the slow but steady adoption of Bitcoin as a currency However in order to provide sufficient liquidity and mitigate the volatility that prevents decentralized money usage as a store of value the overall number of tokens used as currency should be limited at least in the initial stages of the development of the technology We strongly advocate using only Bitcoin as a currency for this reason Our approach to handling external value transfer tokens and currencies stems from the ‘ ulti gateway’ approach [ ] In the case of Bitcoin there is a party or multi sig parties that maintains an in and out exchange procedure for Bitcoin swapping it for its corresponding network token Thus we facilitate Bitcoin transfers using the WAVES blockchain This approach is obviously centralized due to limitations inherent in Bitcoin itself It is opposed to a “market peg” approach which relies on providing a dynamic peg though certain market making procedures At first sight the market peg approach may seem to be an adequate way of mirroring financial assets on decentralized platform but with further consideration hidden centralization invariably surfaces By explicitly introducing centralization into supporting blockchain national currencies and BTC we are able to open new horizons for existing financial institutions Their role can be reduced to providing liquidity for their fiat assets and C A L procedures aintaining payment infrastructure is decentralized blockchains fully outsourced to This approach to providing national currencies on the blockchain was pioneered with the Coino SD token on Nxt’s blockchain It is also similar to Ripple’s gateways approach We believe that such a strategy can compete with the emerging permissioned blockchains approach and attract financial institutions willing to work on open blockchains. Lightweight nodes realization and browser plugins The lightweight node is realized as a browser plugin written in avaScript It interacts with Scorex based full nodes The plugin is installed from browser app stores Since no blockchain download is needed a user obtains a fully fledged blockchain powered wallet immediately following a simple installation procedure The wallet interface resembles traditional online banking brokerage interfaces Integrated national currencies allow for native value transfer denominated in fiat Exchange of national currencies into and out of the blockchain is carried out by a trusted provider Once a user has completed the national currency token purchase she can transfer it to another user or trade with it on a decentralized exchange Asset to asset trading makes it possible to provide a stock market like trading interface by allowing trading against E R CN SD and so on All in all the platform interface is closer to traditional financial interfaces than to a normal cryptocurrency client We find it important to provide an interface to which most users are already well accustomed at the same time as empowering it with blockchain technology sers can do things they were unable to do with traditional financial platforms but the learning curve remains flat which is a key to mass market adoption Additional key WAVES features WAVES targets in the first place community based development and projects To that end decentralized voting and messaging are implemented It will allow for a DAO like experience in managing community projects whilst remaining straightforward from a technical point of view WAVES will allow payment of network transaction fees in custom tokens assets Along with the transaction in question an order to exchange the asset into the main network token is sent to the decentralized exchange and the transaction can be included in the next block only after that order has been executed. Conclusion WAVES platform is being built with mass adoption in mind from the start In this general overview we have attempted to show the technical solutions that may be used to give the end user previously unseen opportunities and to pave the way for the rapid adoption of blockchain technology. Title: Re: Welcome to Cryptoworld ALCT Post by: sandymarcus on August 20, 2020, 10:18:40 AM what is an altcript (ALCT)?
an altcript is decentralised new digital currency based on waves that enables instant payments to anyone, anywhere in the world. ALTCRIPT is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. ALTCRIPT is an open source, global payment network that is fully decentralized without any central authorities.Mathematics secures the network and empowers individuals to control their own finances. ALTCRIPT features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, ALTCRIPT is a proven medium of commerce complementary to Bitcoin. Official Website: ------------------ ALCT - www.altcript.com Exchange: ------------ https://waves.exchange/trade/C53DEtvonk5o625HCfVj9NNSNH9jFn6CJYW9sfAbW2r_BTC https://crex24.com (coming soon) Roadmap ----------- OUR ROAD MAP IS SIMPLE EVERYONE WILL BE THE PART OF ALCT COIN Moderation Policy: -------------------- Posting your ALCT address in a post will also be deleted so this thread doesn't violate the forum rules. Title: Re: Welcome to Cryptoworld ALCT Post by: qwertyup23 on August 20, 2020, 10:29:43 AM Is ALCT the same was Waves like you previously mentioned in your WhitePaper? It seems that you copied 99.8% of Waves' WhitePaper and you just added some parts of ALCT on it. I would like to know if they are of the same nature and kind in order to prevent and avoid any confusion.
Thanks! https://i.postimg.cc/Bv8gPJQj/Screen-Shot-2020-08-20-at-6-24-45-PM.png Title: Re: Welcome to Cryptoworld ALCT Post by: sandymarcus on August 21, 2020, 12:35:14 PM Is ALCT the same was Waves like you previously mentioned in your WhitePaper? It seems that you copied 99.8% of Waves' WhitePaper and you just added some parts of ALCT on it. I would like to know if they are of the same nature and kind in order to prevent and avoid any confusion. Thanks! https://i.postimg.cc/Bv8gPJQj/Screen-Shot-2020-08-20-at-6-24-45-PM.png no its not same... white paper is same because its based on waves platform.. regards |