Innovative Blockchain by Alterna Network
May 6, 2023 — Alterna Network is a Layer-1 blockchain. This means that in its operations, it does not depend on any other blockchain for finalizing transactions sent to it. In other words, once the Alterna Network validators have achieved consensus about a transaction and added it to the ledger, this is sufficient for the transaction to be valid and irreversible.Alterna Network is a Layer-1 blockchain. This means that in its operations, it does not depend on any other blockchain for finalizing transactions sent to it. In other words, once the Alterna Network validators have achieved consensus about a transaction and added it to the ledger, this is sufficient for the transaction to be valid and irreversible.
How Alterna Works— The transactions processed by the Alterna Network, its nodes also permanently store and update the code and current state of smart contracts. Smart contracts are computer programs (persistent scripts) that anyone can interact with by sending transactions summoning them. Smart contracts also have accounts that can hold token balances.
The public nature of the Alterna Network blockchain means that anyone can freely interact with it in any possible way without receiving the permission of any intermediary.
The Community — So far our community continues to grow from all over the country communicating with each other across our social media platforms, and the fastest growing community is currently on telegram, for people who are new to Alterna Network can access our official website and see our official telegram link on the website.
Our community is now filled with people who strongly believe that we need a blockchain platform that can create new innovations in cryptocurrency or blockchain to make it easier to transact or create blockchain-based applications.
High Security — What we mean by high security here is that every transaction that takes under Alterna Network can be seen by all users at the same time and transparent, with this all transactions that happened on the Alterna Network can be tracked very easily, this method used to minimize something that doesn’t want to happen in future.
Fast-Lightning Transaction — Lightning Network is a layer-2 solution on the blockchain, but alterna network will try to developed this innovation in our L1 with the help of people who are very experienced in the blockchain world to create stability in the speed of transactions that take place on Alterna Network, this issue has been doned before by Ethereum and Solana, with better transaction throughput have emerged. Ethereum’s transactions per second (TPS) of 30 is higher than that of Bitcoin’s five per second, Solana takes the comparison to with up to 65,000 TPS, and Alterna Network will create new high level with up to 80,000 TPS.
Cheap Gas Fees — Even with the speed of transactions provided, Alterna Network tries to keep gas fees stable and cheap for every user, this is our selling point that creates fast transactions but still uses cheap gas fees.
With this we need many validators for Alterna Network and everyone can become a validator on Alterna Network by holding or stake 0.1% of our total supply to help us create innovations that are useful for everyone in the blockchain world.
