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Review on Aeternity by Demi Jackson
In my opinion for this Aeternity review, it appears to be a solid project…
In my opinion for this Aeternity review, it appears to be a solid project whose technology may not seem so exciting from the outset, but will be necessary innovations for blockchain to scale to the demands of public and industrial mass-adoption. Its team has spent its time developing a working product rather than spinning publicity, and as a result is on the verge of releasing its mainnet at this time. Although it does have a lot of competition on the horizon, it may be a space that is shared by diversity and not one project’s monopolisation.
Low cost
Via leveraging state channels the default way to run smart contracts, æternity becomes the most efficient Turing-complete blockchain and thus enables new forms of monetization via it's low cost transactions.
Pros
- Smart contracts are agreements between participants that distribute funds based on rules that are coded into the contract. A notable difference with the Aeternity system is that a smart contract is managed privately through state channels between only those who are involved with the smart contract. Aeon (similiar to Ether) are used as payment for any resources one consumes on the platform, as well as the basis for financial applications implemented on the platform Human-friendly adresses name system Applications markets for synthetic assets and prediction markets can be efficiently implemented at global scale
Cons
- There is a lot of promising competition that will be launching over the next year. A lacklustre marketing campaign so far.
