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What is Aeternity (AE)?

May 10, 2018 By admin_coin

What is Aeternity Crypto Currency?
What is Aeternity Crypto Currency?
A brief description of Aeternity.
æternity is a new blockchain technology, designed to deliver unmatched efficiency, transparent governance and global scalability.

Aeternity Video

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The purpose of Aeternity 

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Aeternity Abstract

Since the introduction of Ethereum in 2014 there has been great interest in decentralized trustless applications (smart contracts). Consequently, many have tried to implement applications with real world data on top of a blockchain. We believe that storing the application’s state and code on-chain is wrong for several reasons. We present a highly scalable blockchain architecture with a consensus mechanism which is also used to check the oracle. This makes the oracle very efficient, because it avoids layering one consensus mechanism on top of another. State channels are integrated to increase privacy and scalability. Tokens in channels can be transferred using purely functional smart contracts that can access oracle answers. By not storing contract code or state on-chain, we are able to make smart contracts easier to analyze and faster to process, with no substantial loss in de facto functionality. Applications like markets for synthetic assets and prediction markets can be efficiently implemented at global scale. Several parts have proof-of-concept implementations in Erlang. Development tools and application essentials such as a wallet, naming and identity system will also be provided.

More information can be found in the Aeternity whitepaper https://www.aeternity.com/aeternity-blockchain-whitepaper.pdf

Other Aeternity facts

  • Trading symbol: AE
  • Governance: Centralized > Hierarchical
  • Open source: Yes
  • Product status: Prototype / MVP
  • Consensus method: Proof of Work & Proof of Stake
  • Emmission rate: Emitted in proportion to amount of network activity
  • Transactions per second:  32
  • Total Supply: 273685830
  • Release date: 2017-08-31

Usefull Aeternity links

  • Aeternity’s Website
  • Aeternity pricing data & fundamental Aeternity information
  • Aeternity’s Website
  • Aeternity official blog
  • Aeternity’s Bitcointalk Forum
  • Aeternity’s Reddit Forum
  • Aeternity’s block explorer
  • Aeternity’s Alexa site stats
  • Aeternity’s official forum: Unfortunately we don’t have this data available.
  • Aeternity’s Github code repository:
    https://github.com/aeternity
  • Aeternity’s roadmap:
    https://bitcointalk.org/index.php?topic=1733140.0
  • Aeternity’s team page: https://www.aeternity.com/#team
  • Aeternity’s whitepaper: https://www.aeternity.com/aeternity-blockchain-whitepaper.pdf

Filed Under: Aeternity Tagged With: AE, Altcoin, Crypto, Currency, What is?

Other questions related to this cryptocurrency:

  • Is Aeternity (AE) Centralized, Decentralized or Semi-Centralized?
  • What is the Consensus method of Aeternity (AE)?
  • All available information on the Aeternity (AE) ICO
  • How can I contact the Aeternity (cryptocurrency) team?
  • Who is leading Aeternity (AE) crypto?
  • Where to find Historical trading info and past performance on Aeternity (crypto)?
  • Where can I find fundamental analysis of Aeternity (AE)?
  • How to buy Aeternity (AE) cryptocurrency?
  • What is Aeternity (AE)?

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