Tắt Quảng Cáo [X] Đăng Nhập để ẩn Tất Cả Quảng Cáo INVITATION CODE: 1122333 #WinAlphaCoins What is Alpha Network Alpha network is a revolutionary system that provides an alternative to existing cryptocurrency models with a focus on balancing the demand and supply of the market. The view of alpha network is to provide each player (miner) a simple, secure and robust experience in earning alpha coin, a next-gen digital asset. The mining experience is playful and straightforward making it easy for everyone regardless of background or previous knowledge of the crypto industry to be able to earn alpha coin just by tapping a button on their phone. The best part of the concept is that it is entirely free to get started and mine alpha coin (just download our app) for as long as the supply lasts (more on this below). Project Phases The project has been structured in three phases in order to create an easy-to-understand overview of the development plan from the team. Each phase represents a milestone for Alpha Network and can be triggered by a specific event. Phase 1 - Mining and Userbase (Currently here) The first phase of the project proposes the launch of the initial Alpha Network miner app which enables players to start contributing to the system by earning alpha coin. This is handled for both Android and iOS devices in a staged manner with an initial release on Android followed by iOS. The phase continues with general improvements to the platform until the Alpha Network Wallet app is ready for the market, which we expect to be anywhere from 3 to 6 months. Phase 2 – Transactions and consolidation The Alpha Network Wallet app is released and provides a secure system for players to make transactions, see their balance, transaction history and some options for investing alpha coin for the opportunity to earn even more. These however will be revealed later on – IT’S BIG! The phase continues until the alpha coin pool is drained by its users. Phase 3 – Full release, Mining closed The physical mining node (PMN) software is released for your computer (we expect this to take about one to two months from when the alpha coin pool is drained). This software validates transactions for the system to help achieve a fully decentralized system where only the full registry of transactions is kept on the Alpha Network’s domain for transparency purposes. The software doesn’t generate new alpha coin units but instead provides the users that choose to install it the opportunity to participate in the Alpha Network committee and have a say in deciding the future of the project. At the time of the third phase, the Alpha Network miner app is closed since the mining pool is now empty. The Wallet remains the permanent way to utilize alpha coin in transactions and the new PC PMN software is introduced. Further information on this phase will be released as the time for it approaches. It all depends on the time it takes Alpha Network to gather a big enough user base to drain the alpha coin pool. Problem The ever-increasing market for cryptocurrency has benefited from a snow-ball effect in popularizing the concept to the masses for the past several years. As digital assets such as Bitcoin or Ethereum emerged, their value has been continuously affected by the people mining the coins which have ultimately made the price for these cryptocurrencies skyrocket. While at a first glance this sounds like a happy-ending story where the miners win big, the reality behind proves otherwise. The value of these assets on a day-by-day basis rather looks like a gambling game than a wise investment opportunity. Moreover, due to the flawed market reach design of such cryptos, the early adopters have had the opportunity to earn thousands of coin units just by running an app on their computers while the rest of the players had barely broken-even on their initial investment. As the number of miners grew, the ones winning the most were those that could vertically scale their mining hardware (buy more computers, better processors). This has grown so ridiculously that nowadays entire server rooms are required for mining a fraction (6.25 BTC/block) of the original (50 BTC/block) reward. This in turn has made it attractive for companies that have capital on hand to buy into crypto and invest in mining farms which essentially eliminates small players from the landscape. Solution The solution proposed by Alpha Network is a set of adjustments to the original model of crypto that has been carefully formulated by a team of software engineers with extensive knowledge in the field of data science and several crypto currency enthusiasts. The result is a new digital asset built from the ground up on a scalable backbone that enforces network security, transparency and makes use of modern software technologies and principles interpolated with the original concept of linked blockchains. While the inner workings are proving to be rather complex, the core improvements assessed from a market-oriented perspective are easy to outline. These are presented below. a. Mining complexity While the previous models had been reliant on the secure but tedious process of hashing blocks of transactions, which as the network scales requires increasingly difficult computations to be performed, the innovation behind Alpha stands within the decentralized architecture which promotes the use of Virtual Mining Nodes (or VMNs). VMNs are digitally generated nodes that mine coins on behalf of the user. In this regard the user’s phone is only the orchestrator of the mining pipeline requiring little to no computational power (even a smart fridge could do it). Moreover, the nodes themselves are highly optimized and share resources between their instances to provide the best complexity to reward ratio. b. Supply Another opportunity for improvement over the conventional crypto model resides in the coin supply management of the network. This has previously been linked with the mining complexity and therefore halving every so often when milestones (such as blocks mined) are reached by the platform. In the case of Alpha, the supply is capped to 500,000,000 and can only be obtained by the players on the platform by performing the 24H mining cycles (the necessity for cycles is due to the complex process of synchronizing VMNs which is resource-intensive and therefore needs to be adjusted so that it doesn’t end up having a negative impact on the mining pipeline architecture). Each player starts at a base rate that can be boosted by performing supportive actions to the platform (such as inviting friends to start mining which further increases the trust of the network and obtaining boost rewards by watching an advertising announcement which helps the team behind the project afford the necessary hardware for further development as well as paying for the server nodes). When the supply of alpha is drained, there is no going back to mining, at that point the only way to further benefit from the network is to install the computer version software of the Alpha Network platform (which will be released in a further phase of the project) which enables one to validate transactions via a Physical Mining Node (PMN). The rewards in this regard are given in the form of a membership to the Alpha Network committee which together will take the decisions on what is the future of alpha coin. c. Value The value of alpha coin is implicitly bound to the trust its users have on the platform; therefore, it is towards the project’s advantage for the development team to be explicit on the structuring of the phases the project contains as well as to listen to the user base for potential improvements and additions on top of the already established road map. The alpha coin asset is obtained as is without guarantees of any kind and for the time being it cannot be exchanged in any way or form outside the platform. As part of the phase 2 of the project, the soon to-be-released wallet app will open new opportunities for the players to make transactions in-between them or even exchange for goods and services (one might be interested in obtaining alpha coin by selling their goods or skills and accepting transactions via the wallet app in return). In terms of market value by contrast with other existing cryptocurrencies, alpha coin is expected to better retain a steady value due to the limited supply readily available from the start and the relatively flat model for mining the coin units via the alpha network miner app. How it works While Alpha Network strives to use bleeding edge technology to optimize the network’s inner processes, everything needs to be encapsulated in an easy-to-understand package for the user and therefore, the current section offers an explanation to the already intuitive features of the application. Disclaimer! Please keep in mind that any type of fraudulent use of the application that is detected can be punished with a permanent ban on all of Alpha Network’s further released products. Also, each user is limited to only one account. In the event of suspicious activity, an individual can be considered fraudulent and therefore punishable by permanent ban if they cannot prove with official documentation that their identity is valid. Roles There is currently only one role in the Alpha Network miner app, the role of miner (or player) which describes the individual that uses the app in order to earn (mine) alpha coin. Referral The concept of referral proposes the ability of miners to authenticate new players, since each player contributes equally to the network’s security and stability, the person referring a new player gets a permanent boost to their mining rate when the referred miner states their user ID (Referral code) at the time of creating their account. The new miner has the option to enter a referral code at the time of creating their account. While this is not mandatory, it is advised as the new user receives 1 alpha for using a friend’s referral code. While the number of new users an existing one can refer is not capped(limited), the calculation for the equivalent reward for the referring user is reflected by the formula below: 0.2 x [referred users - max 10000] + 0.01 x [referred users - anything above 10000] = [total referral rate reward] Mining Rate The mining rate represents the rate at which a player earns alpha coin on behalf of the VMNs that their device orchestrates and is expressed as [number of alpha]/(per) [hour] which is rewarded in its entirety after the 24H mining cycle in which it has been earned, whenever the user connects to the application again. The rate is divided as: ([base rate] + [referral rate] + [boost rate]) * 24 = [alpha earned per mining cycle] Please find below the explanations for the meaning of each element. Base rate The basic reward for enforcing the trust of the Alpha Network through the process of mining alpha coin. It is 0.5/h and every player obtains it permanently (until the alpha coin pool drains) by creating an account. Referral rate The computed, permanent bonus per hour to the base rate that can be obtained by referring new users, see the formula above. Lootbox rate Lootboxes appear every 30 minutes and they give rewards in either coins or rate. The coins are added stright to the balance, on the other hand, the rate only applies for the current mining cycle. These can change or be altered in further phases of the project, refer to the phases section for more details.