1 Level
11 Review
7 Karma
Review on Aeternity by Tran Tinh
The following technological features will be available upon Mainnet launch…
The following technological features will be available upon Mainnet launch:
Bitcoin-NG consensus with Cuckoo Cycle used for the Proof of Work
Oracles
Naming System
State Channels
Sophia as a smart contract language
Proof of Stake will be used for delegated voting as part of æternity’s governance
Pros
- Using the Erlang programming language: The Azternity Blockchain platform is written in a separate programming language called Erlang. Using this programming language it is easy to write applications and softwares, and it can be used to edit blockchain related errors.
Cons
- Hybrid Proof of Work and Proof of Stake – Like many cryptocurrencies, Aeternity uses proof of work for its consensus, where miners verify the creation of new blocks but with a twist to allow for scalability purposes as it blends proof of Stake to form a hybrid where a new graph-theoretic proof of work combines with the scalable memory requirements for instant verification. This new graph-theoretic proof of work design is called “Cuckoo Cycle”. With this Cuckoo Cycle in place, Aeternity can be mined on mobile devices. The governance of the Aeternity system is controlled by proof of stake where users can vote on developmental proposals based on the amount of AE tokens they own.
