Alchemy

Alchemy

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Alchemy

payment consensus protocol white paper


alkimia

Alchemy is a leading cryptocurrency payment solution and technology provider in Asia Pacific providing online and offline merchants with a fast, secure and convenient crypto-fiat hybrid payment solution and solution.

Vision Alchemy Global Payment Solutions Limited (Alchemy is the brand name of Alchemy Global Payment Solutions Limited while ACH is a Token issued by Alchemy, and is used as an abbreviation below.) Is to provide open source protocols and fast product development platforms for partner ecosystems to help with a fast, secure, convenient, flexible and fast growing global payment solution based on decentralization, smart contracts, and consensus mechanisms from blockchain technology. Through the rich experience of Alchemy and its partners in mobile payments applications, the team is confident in leading the payment technology technology application in the blockchain era and using solutions where traditional payments are popular among merchants.

Internet trade is largely dependent on the money organizations involved in electronic payment processing. Although this framework works perfectly for most exchanges, regardless of everything, it does suffer from internal flaws in the trust-based model. They provide resources and set authoritative boundaries. They build and confirm annual symbols and events. They manage inter-state associations, associations, networks, and people. They control administrative and social activities. But then, the basic tools and administration that were created to control it did not learn about progressive change in the economy. They look like a busy time when they ride a Formula 1 race car. In a computerized world, the way we manage and maintain authoritative control has to change. Blockchain promises to solve this problem. Innovating bitcoin and other forms of virtual monetary, blockchain is a transmitted open record that can efficiently and clearly capture the exchange between two collections. The note itself can also be configured to trigger an exchange naturally.



What is alchemy?

Speculative chemistry is a leading provider of digital payments and innovation agreements in the Asia-Pacific region, attracting a combination of cryptocurrency platforms and deals to work on the Internet and different suppliers quickly, securely and profitably.

The concept of Alchemy Global Payment Solutions Limited (Alchemy is a trademark of Alchemy Global Payment Solutions Limited, while ACH is a token provided by Alchemy and is used as a brief summary below), is to provide open source protocols and fast product promotion. stages for biological systems to help them with global payment mechanisms that are fast, secure, useful, adaptable and fast, with decentralization, skilled agreements and coordinating tools from blockchain innovation.

Thanks to the rich interaction of Alchemy and its friendly partners in portable payment applications, the group will be leading innovative payment business applications during the blockchain period and will use the mechanism by which payments are regularly recognized by dealers.


With a centralized understanding, brilliant of payment agreements and the motivating force for developing the capabilities of various payment innovation organizations, the group plans to bring a wealth of technical rewards to humans, use agreements to reach business network agreements, and ensure that standards are used directly with innovation , so that digital money can be used immediately as an important part of the original exchange.

The speculative chemical quality lies in the deep understanding of payment business groups and work experience. This group knows the worldwide payment innovation model: payment via wallet, receiving cross-site, collecting corporate finance, collecting answers for step-by-step circulation and other regular payment programs. He has an excellent system in the Asian payments technology network.


Visi

Speculative chemistry shows that, with decentralized support, plausible agreements, and a blockchain agreement system, Alchemy will provide payment industry players the opportunity to embrace the new era of payment innovation, making full use of open source protocol development and open research and development phases to increase effectiveness cross-interaction. payment of payment; Give dealers and customers a payment agreement that is faster, safer, more profitable, and easier to adapt worldwide.



tujuan

The purpose of   Alchemy   is to design payment protocols through community consensus, to build a decentralized, energy-efficient infrastructure, to accelerate cryptocurrency penetration into our daily lives; and most importantly return the right to payment to merchants, customers and markets

Masalah

Existing Electronic Payment Issues Electronic payments exist by centralized industry giants, resulting in many issues such as complex and opaque rules, the right to discount, inefficient and cost-efficient dispute management, etc.

Tantangan

The purpose of Alchemy is to plan payment protocols through network agreements, to create a decentralized structure, controlled by the belief to accelerate digital currency penetration into our daily lives; and most importantly, return the benefits of payment to senders, customers, and markets.

One of the most important issues of the traditional payment system is that the FIAT legal currency standard is an elite alternative to exchanges. At this point, it allows the combined organization to control the form of clearing and settlement.

As an openly centralized biological system, Alchemist payment systems provide access to a variety of resources for sale, including, but not limited to, various cryptographic forms, tokens, credit payments and credit organization purposes, various types of computer resources and monetary standards; Finally, they open up alternatives to exchanges and do not limit them to one type of cash. We accept customers, and dealers have the right to decide what money to use for payment and repayment.

Technical Features

Speculative chemical payment agreement protocols can be passed consistently across various open blockchains to enable the recognition of all forms of digital money.

Customizable payment models that are accessible to meet industry needs, including PULLPAY (client checkout) to meet a variety of membership and recurring payment requests.

Improve scaling settings, for example, Lightning Networks, Raiden Networks, Country Channel Networks such as Cross-Channel Payments.

AI and AI to reduce the risk of misrepresentation and improve the security of systems and dynamic procedures to mitigate the danger of cryptographic monetary costs.

Technical specifications

The protocol of payment agreement in speculative chemistry can be transmitted across a variety of open-block chains, which allows for the identification of all forms of digital money.

Adjustable payment models are available to meet your industry needs, including PULLPAY (sender for customer verification) to meet various membership-based payment requirements.

Scaling support such as Lightning Network, Raiden Network, Country Channel Network, and cross-payment.

AI and AI, to reduce the risk of information distortion and improve the security of systems and procedures, to avoid the dangers of cryptographic currency degradation.

Product Roadmap

Q1-Q3 2019

  • P1: Smart POS integration for receiving cryptocurrency payments
  • P2: Payment acceptance on Lightning Network MVP
  • P3: PULLPAY MVP
  • Q1: An offline payment solution for cryptocurrency
  • Q2: POC merchants for accepting payments offline

Q4 2019

  • Q4: Magento, WordPress, WooCommerce, Prestashop, Opencart, Zencart, etc. Shopping Cart Payment Plugin
  • P5: PULLPAY V0.5
  • Q6: Bitcoin P2P v0.5 Purchase APPLICATION
  • Q3: Merchant POC for online payments
  • Q4: Online digital entertainment solution v1.0 is released

Q1 2020

  • Q7: Alchemy Hub v0.5 released (Raiden Network and State Channel supported)
  • T8: Alchemy Hub APP V0.5 released (supports Raiden Network and State Channel)
  • Q9: Bitcoin P2P v1.0 purchase application
  • Q10: PULLPAY V0.8
  • C1: Algebraic consensus protocol community working groupC2: Algebraic consensus protocol v0.5 released

Q2 2020

  • P11: Alchemy Hub v1.0 released
  • Q12: Alchemy Hub APP v0.5 released (supports PULLPAY)
  • P13: PULLPAY V1.0
  • S5: PULLPAY solution subscribes to digital entertainment
  • S6: POC Merchant for PULLPAY solution subscribes to digital entertainment

Q3 2020

  • Q14: Alchemy Hub v1.5 is released
  • Q15: Alchemy Hub APP V1.5 is released
  • Q16: PULLPAY V1.5
  • Q7: Multinational centralized payment solution

Q4 2020

  • Q17: Alchemy Hub v2.0 is released
  • Q18: Alchemy Hub APP v2.0 is released
  • Q19: PULLPAY V2.0
  • S7: Alchemy Consensus Protocol v1.0 is released

Q1 2021

  • Collaborating with business development, moving on to related products, solutions and Alcohol Consensus Protocols

Strategic Roadmap 2019/2020


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  1. Patrick NGAN: CEO
  2. Bin LIU: Partner / Project Management
  3. Janet KIM: Partner / Strategy
  4. Shawn SHI: Partner / Product
  5. Lance XU: Partners / Operations

Technical Team

  1. Chuan LIANG: Director of Payment Technology
  2. Huarong NIU: Director of Communications Technology
  3. Kai WANG: Blockchain Technology Director
  4. KT SOH: Head of Singapore Technology Team
  5. Ryan TIPONES: Head of the Philippine Technology Team
  6. Kim-Aun GAN: Thailand Technology Team Leader

Business Team

  1. Judy LI: Director of Strategy & Operations
  2. Erica LAM: Director of Business Development
  3. Angie LI: Head of North Asia
  4. Glen LEONG: Head of Southeast Asia
  5. John TAN: Head of Key Client Services

Consultants & Investors

  1. Justin ZHAN: Big Data Scientist and Cryptography
  2. Sean MOSS-PULTZ: Blockchain Security Scientist
  3. Yan MU: Famous Entrepreneur
  4. Seema Khinda JOHNSON: Blockchain Security Scientist
  5. Natasha LV: Senior Compliance Specialist
  6. Alan TIEN: Product Innovation Specialist
  7. Kai Yee GOH: Remittance Expert Expert
  8. Lin LI: Strategic Development Specialist

For more detailed information on the Alchemy project, please visit the link below:

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Link: https://bitcointalk.org/index.php?action=profile;u=2633307


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