Open Alexa Protocol
Genesis Paper
Version 1.2
INDEX
1. Abstract
2. What is OpenAlexa Protocol
3. Why a Fork
4. Next Steps
a. The Fork - [Link]
b. The Interconnecting Bridge
c. Decentralising the Internet
5. RoadMap & Timelines
6. Exchange & Partners
ABSTRACT
OpenAlexa Platform - Our Vision of Decentralized World
It gives us immense pleasure to bring this important news to the OAP community
that the The Foundation will soon be launching its first flagship and most awaited
Blockchain named EtherLite
Before I begin to explain what EtherLite is and what function it will perform in the
world, I will reiterate a few ground realities of the present state of the Blockchain
system.
Presently among the over 8000 Coins and tokens and over 300 unique independent
public Blockchains, Ethereum is the only one which gives us some semblance of real
world practical usage. Bitcoin has reserved its place as a store of value, more akin to
Gold of the Crypto Community, while Ethereum has chosen to take the burden of
being the currency. Now what is the primary difference between a currency and
Gold, currencies are easily exchangeable and transferable, while Gold in its real
physical form is both difficult to transfer and exchange when compared to currencies.
What happens when a currency takes either too much time to transfer or too much
cost (that is to say; fees/gas) to get transferred from one party to another. Can it be
said that it is a good currency? Afraid Not. This is unfortunately the present state with
Ethereum. A lot of our daily transactions are small transactions, transactions that we
just wanna get done with in seconds and move on. Eg. Paying at a juice bar, or a
tube station or for a bus ticket or at a parking lot. Now imagine using Ethereum or a
stable coin built on Ethereum to pay for at any of the above places.
Would you be okay to pay 1 USD fee for a 2 USD bus ticket or a 3 USD glass of
juice, we assume probably not. And that is among the primary reasons Ethereum
despite being a super-awesome distributed SuperComputer has failed to get global
acceptance. But now, during this bull-run, the onus is upon us to invite the rest of the
world to the community and let them know and enjoy the fruits of technological
innovation of the Crypto Community.
Hence, we have decided our first and flagship product to be EtherLite, a lighter,
faster but most importantly a cheaper and affordable solution to the bottlenecks of
Ethereum.
What is EtherLite
EtherLite will be a fork of Ethereum which uses the years of hard work and
innovation of the Ethereum foundation and modifies it to fix some of the bottlenecks
that prevent it from going mainstream. We believe it is enough now, and time has
come for Crypto Community to go mainstream, to let everyone in on the dream. And
the first step to going mainstream is freedom from high fees. To make it usable for
average and daily small and micro transactions.
Hence EtherLite will be an Ethereum fork which shall significantly reduce the fees
encountered in an average Ethereum transaction from 1.5$ presently to less than 1
Cent. Yes, less than 1 Cent. All EtherLite coins will be pre-mined and no or negligible
mining fees will need to be paid. An amount which will be at least a 1000 times less
than the present Ethereum fees.
Why Fork
As Ethereum has done a lot of things right, they have built a robust technological
system which is capable of handling complex smart contract computations not
supported by any present day Fiat Currency based alternative system or even a
proposed solution.
Ethereum is years and years ahead in technological complexity and robustness, it is
only that its fees are presently not seen as a big enough concern by those holding
the reins of technological direction of the system. While we strongly do so.
And hence, a fork that utilises the best years of technological progress made by
ethereum, our understanding of the daily life of the average human need and your
support and belief in taking it to the masses.
So now, the next obvious question arises…. What are the next steps & Timelines?
The Execution Plan
We have divided the entire process into three main phases, each demanding its own
technological efforts and corresponding adoption rewards:
- Phase 1 : Network Building with OpenAlexa
Using a unique approach to build the primary network, the foundation team created
the platform openalexa. The platform provides an opportunity to create an active
community using the DApp for network creation.
The DApp allows the network members to earn both, in the short term earning
ethereum by referrals & long term by acquiring free AIRDROP of token OAP to each
member of the network.
The OAP token will be listed on Decentralised exchanges for price discovery once
we reach approx 21 K members in the network!
OAP MAX SUPPLY : 10 Million OAP Tokens Only
*** [From OpenAlexa Network Mining]
- Phase 2 : The Fork & The Interconnecting Bridges
To begin this phase we plan to do the technical heavy lifting and release a Testnet of
the EtherLite Blockchain. Once the testnet is released it is made public and offered
for peer review and bug fixing. Once the Bugs have been fixed and made sure that
everything looks stable and working the Blockchain is moved onto Mainnet and
made public for usage.
We will try to go live as soon as possible and our development team has been
working day and night for months in cracking the technology to be able to execute
this, it is only a recent breakthrough and we do not wish to release anything
half-baked and unstable ever.
Once the blockchain has been rolled out and made public for usage, the first obvious
task is to bring all the most useful, small and micro transaction contracts and use
cases of the Ethereum Blockchain to the EtherLite chain.
We are calling these the Interconnecting Bridges, these bridges are the most
important aspect of the def Blockchain. It is these bridges that will differentiate us
from all those big and heavily funded competitors of Ethereum who have tried to
compete and kill the project but, without exception have so far failed.
The reason is simple, Ethereum has the biggest developer community among all
Blockchains, which makes beautiful and useful DApps to be run on its massive
decentralised supercomputing ecosystem.
It is these Dapps which today have greater combined Market Capitalization then
Ethereum itself. No other serious competitor of Ethereum plans to use this
ethereum’s strength. While we do not wish to compete with Ether, rather use its
strengths and grow with it. We believe success is in Cooperation and not mindless
Competition.
Hence Phase 2, despite being a forever ongoing exercise, will have majority of its
work done, ie. the importing and bridging of the most used DApps and Smart
Contracts of Ethereum, by facilitating this to the original developers of DApps
- Phase 3 : Decentralising the Internet (Not Only Finance)
Bitcoin’s biggest achievement has been the decentralisation of finance. The
decentralisation of things of value.
The biggest and most important currencies of the internet are storage and
processing. Both these currencies are presently owned by Centralised Companies
like Amazon, IBM, Microsoft and their likes.
Which is the primary reason creators and innovators of the world are at their mercy
and lack the freedom to create and do whatever they wish to on the internet. Always
in fear that their website or app might be taken down someday.
If we decentralised the storage, hosting and processing on the internet, at very low
cost, it will be complete freedom from the monopolies and illegal policing of these big
corporations. Even the Federal Governments across the world, ranging from, US to
EU to Australia are realizing this and are working hard to end these monopolies.
We at EtherLite Blockchain are building a way to host websites, apps and everything
else you do on the internet on decentralised servers, where you have complete
freedom to do, consume or create anything (legal and ethical), without suffering the
unethical hegemony of these monopolies.
Roadmap & Timelines
S No Steps Launch Timelines Status
1 OpenAlexa Network Platform DApp 2nd Quarter, 2020 Live
2 OAP Listing in Decentralised 3rd Quarter, 2020 In Process
Exchanges for Price Discovery
3 Genesis / Concept Paper 3rd Quarter, 2020 Live
4 WhitePaper & Technical Specs; 3rd - 4th Quarter, 2020 In Progress
Development Forum;
5 Ethereum Fork - EtherLite Testnet 3rd - 4th Quarter, 2020 In Development
Launch
6 ETHERLITE LAUNCH & Exchange 4th Quarter, 2020 - 1st In Development
Listing Quarter, 2021
7 Ethereum - EtherLite I nterconnecting 1st - 2nd Quarter, 2021 In Development
Bridge
8 Decentralised Web hosting 3rd - 4th Quarter, 2021 Development not
Started
Exchange & Partners
EXCHANGES (Buy / Sell / Trade)
*** Please Note: If token is not showing in
List on DEX, search using Token Address:
0x1788430620960F9a70e3DC14202a3A35ddE1A316
PARTNERS (FREE OAP AIRDROP)
**Check More Partners...Click Here!
[Link] THANK YOU!
