What Is Alaya?
Alaya is a business sandbox and testing field for the next-generation of financial infrastructure of PlatON, a global data asset computing infrastructure with cutting-edge privacy-preserving architecture. While and PlatON share the almost identical underlying technology, they maintain their respective degrees of openness and independent activities. Despite sharing the same vision and ideas, their evolution paths and specializations differ.
Alaya is the third phase on PlatON’s roadmap, marking that, after the previous development and network-testing phases, PlatON has now progressed into the application validation phase. Alaya is the prototype and business sandbox for the next generation of financial infrastructure. Designed to provide open service for native financial DApps in distributed economies, Alaya is dedicated to providing secure, high-performance, and expandable distributed sandbox enviroment for developers, nodes, data providers and other participants.
Alaya is also a test field for the next generation of global privacy computing architecture and data asset computing infrastructure. They strive to provide more tools and apps that enable privacy-computing based data asset issuing and trading. By encouraging the participation of data owners, data requesters and algorithm providers, we shall combine their strength to build the infrastructure for the full life-cycle data services.
Alaya Coin is way beyond a conventional testing network. It will grow to be a digital life form that will sustain itself independently and maintain an independent user community. Alaya is not an affiliation or dependency of PlatON either. While they share the identical underlying technology, they maintain their respective degrees of openness and activities. Despite sharing the same vision and idea, their evolution paths and specializations differ. Guided by the prudence principles and a robust network strategy, there for has first come into play.
Alaya coin Storage Key Points
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Why do we need Alaya?
Alaya platON strives to become the next-generation distributed finance infrastructure. After two and half years’ development and an eight-month test run of Baleyworld testnet, they have decided to further expand the product towards distributed finance. Blockchain technology hold immense promises to better serve financial inclusion on a global scale and provide adaptable financial infrastructure for this ultimate goal. For all kinds of distributed financial inclusion developers and participants, Alaya is a sandbox with high security standards, high performance, and rigorous compliance that we cater to fulfill this great vision.
Public Blockchain design principles
One of the core problems of economics research is the rational allocation of scarce resources. The public blockchain is an open, free, and distributed system that everyone can participate in. A well-designed economic model can ensure the reasonable allocation of public blockchain resources on the premise of maximizing the interests of participants, and at the same time align the interests of each participant with the overall interests of the public blockchain, so that it can pursue its own economic interests while also can contribute to the entire blockchain network and ensure that the network can develop steadily for a long time.
Alaya Coin is PlatON’s prelude, a bridge connecting distributed and traditional finance. While Alaya is positioned as an experiment and demonstration for innovative technology and distributed finance applications, PlatON will continue to grow as a distributed financial infrastructure readily to serve global financial institutions, central banks and partners in financial inclusion. Eventually they will constitute a multi-layered distributed economic ecosystem
ATP has no initial value. It only exists as a unit of measurement for distributed infrastructure and service utilization in the network. Like other utility tokens, ATP essentially facilitates a measurable systematic transaction cost, which is the essence of “trust”. By no means can ATP be valued, and it is exclusively used for measurement within the Alaya network.