1 Level
11 Review
7 Karma
Review on Aeternity by Thu Trang
AE aims to take care of scalability issues, administrators, distributed data…
AE aims to take care of scalability issues, administrators, distributed data providers and off-the-shelf data storage in small channels.
The initial distribution of Aeons is processed by Ethereum and will then be converted into its own blockchain.
The platform's consensus mechanism is working to become a hybrid version of Proow of Work and the Proof of Stake.
The introduction of this hybrids on the market raises the price of ether and reduces inflation.
This is a lucrative and important factor for many industries, and has helped AE gain competitive advantage over Ethereum or Bitcoin.
Pros
- Cuckoo Cycle mining algorithm: Aeternity provides an algorithm that helps exploit virtual coins in an efficient platform for many devices called Cuckoo Cycle, including low power devices, such as phones. Smart can also be exploited in that coin.
Cons
- Open Source Aepps – Aeternity is focused on developing their decentralized open source applications that they call “aepps” as they hope to attract mobile and web applications developers into the platform with their mobile-first and user interfaces focused aepps. This means that with time other projects can be built on Aeternity.
