Overview

AIAScoin is the premier solution to revolutionize the cryptocurrency and payment processing industry. Our concept revolves around a fast, private, secure, Peer-to-Peer (P2P) blockchain and an automated payment processing system that can be implemented to all websites that require it. Masternodes will be incorporated into our system to ensure the privacy and speed of transactions.

AIAScoin is a blockchain-based peer-to-peer platform that allows fast transaction speeds whilst providing security, fungibility and transparency on the blockchain. Essentially, AIAScoin is a PIVX fork. Therefore, it relies on PoS as the consensus mechanism while using masternodes to provide privacy. This enables AIAScoin to be a fast platform that can execute transactions instantly all over the world. Our primary focus is to make it easy for merchants to adopt blockchain technology by creating an integrated plugin that gives merchants the functionality to accept AIAScoin as a means of payment with a simple, user-friendly system. The platform is primarily internet-based, meaning that the hardware demands hxed upon most other privacy coins are avoided.

AIACoin Features

• Payment Processor
  We aim to build a system that will benefit both merchants and buyers. AlAScoin 5 payment processor will enable merchants to accept payments using AlAScoin with ease and simplicity. The payment processor will be easy to integrate and it will facilitate payment processing globally. The set up time will be fast and simple so that even non-tech specialists will be able to set up the AlAScoin payment system.

• Easy API set up
  Our APl will be easy to implement on any merchant’s website and requires little to no programming knowledge: Plug and play. The merchant can simply register and then add the plugin to their website. This will be linked to their account allowing them to accept payment and remit to other businesses with ease.

• Low Transaction Fees
  Transactions sent with the AlAScoin system have very low fees. Since it is based on P05 confirmation, there is no need for miners to invest in expensive, resource demanding hardware. Fees that are accumulated from the AlAScoin system will then be used to pay the AlAScoin system stakeholders.

• Cross-Platform Payments
  AlAScoin aims to provide cross-platform functionality by making it easy to use on different platforms. This is done by creating multiple access points for wallets and accounts using a web platform through plugins on Windows, Linux, and MacOS devices. Users can also access the platform using Android and iOS phones.

• Safety of Transactions
  All the transactions on the platform are secured by the cryptographic nature of the AlAScoin. The coins are also stored in wallets that are cryptographically secured regardless of which platform they are on.

• Instant and Easy Payments
  Payments with AlAScoin are easy and near-instant, all it takes is a click from the user, and the payment would be made, with no extra steps or information needed. Additionally, since it is based on a PoS consensus that transaction is processed without the hurdles of resource demanding PoW computations. This makes it effective for making online payments.

• Transparency
  As a blockchain based solution, the platform is inherently transparent. All the transactions are added to the immutable ledger as transaction blocks. This means that all transactions are verified and permanently recorded on the blockchain. This provides transparency whilst preventing internal and external cases of fraud. Anonymity The platform also provides anonymity for the users. The names and sensitive information are protected. Transactions are added to the blockchain using pseudonyms to ensure that individual privacy is maintained throughout the ledger.

• Fungibility
  AIAScoin provides fungibility through masternode technology. The masternodes are used to ‘wash' coins to ensure that they cannot be traced. This is one of the key ways PIVX provided fungibility. Since AlAScoin is a PIVX fork, it also has the same functionality. AIAScoin is a PIVX fork, PIVX is a Dash fork, and Dash is a Bitcoin Fork Therefore, AlAScoin has the functionality of PIVX while retaining the robustness of the Bitcoin Core. it is robust, fungible and fast.

• Open Source Essentially
  AlAScoin will be an open source platform. This means that the blockchain will not be owned by any specific entity or firm. Instead, the community will be crucial for the future development of AlAScoin and the benefit of the network stakeholders.

• SwiftX
  Thanks to masternodes, SwiftTX transactions are conhrmed and validated within seconds. These transactions are substantially faster than the ordinary transactions and are useful when providing faster transaction speeds.

• ZeroCoin
  AlAScoin will have compatibility with the ZeroCoin system. ZeroCoin is a feature that allows users to convert their coins into anonymous zCoins. Once zCoins are spent, they appear as normal coins, without history of where they originated from, and are therefore completely anonymous.
  
  

Benefits

• Mercants Benefits
  Additional to the features of AlAScoin listed previously, Merchants that implement our system can look forward to growing sales with AlAScoin adoption. AlAScoin will promote our merchants, so that crypto users will start shopping on their website. Sales will also be more smooth and risk~free, as everything is automated within our system, without further verification and checks needed on the merchant’s end.

• Buyer Benefits
  For buyers, the benefits of the process will include ensuring registering and using the AlAScoin payment processing feature will be straightforward, since it can be done on a mobile phone or laptop. The applications will be designed so that even novices will not have a problem using the platform. The second benefit is that it is risk-free. Most existing payment processing options expose buyers to the possibility of identity theft or loss of money due to centralized system weakness. However, AlAScoin will be secure since it relies on blockchain technology and a decentralized, immutable ledger. Lastly, most payment processing platforms have high transaction fees, usually somewhere between 5 20%. However, AlAScoin transaction fees are estimated to be substantially lower. The small transaction fee charged will be used to pay stakers who validate the transactions.

• Coin Holders
  AlAScoin holders have benefits similar to holding other cryptocurrencies. They are used as a store of value and AlAScoin is envisioned to appreciate in price as the adoption of the payment network grows. AlAScoin will also be tradable on different exchanges, allowing investors to trade and speculate on future value. Finally, coin holders can also enjoy the benefit of staking in the AlAScoin system. Coin holders can then be picked to provide consensus to a transaction block or masternode. When this occurs, they will earn additional coins.
  
  

Technical Aspects

• THE PROOF-OF STAKE SYSTEM
  In order to keep the AlAScoin system increasingly secure and smooth, P05 2.0 wallet software will be employed, as that will ensure the identity of users involved in transactions remain anonymous and ensures there are enough blockchain coins to verify transactions. People who stake coins in their wallets will be rewarded based on the amount they contribute. The security of the network will depend on the number of stakers there are; more stakers will ensure it is more difficult for individual stakers to control the majority of coins. Additionally, a PoS system does not suffer from the issues of PoW systems such as 51% attacks.

• MASTERNODES
  Masternodes are nodes connected to the network that perform special tasks, such as creating instant transactions (InstantSend), creating private transactions (PrivateSend), and organizing voting systems. Running a masternode relies upon meeting several requirements. To hold a masternode you are required to have dedicated IP addresses, 1,000 AlAScoin stored within, and the ability to stay connected to the network 24/7. Since masternodes greatly help the network and offer many services, they're entitled to 75% of block reward.
  

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  Website : https://www.aiascoin.com/
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