1 Level
6 Review
2 Karma
Review on Aeternity by Demi Baxter
In case of conflict, either party can post the latest cosigned state and…
In case of conflict, either party can post the latest cosigned state and contract code to the blockchain and the blockchain will verify correctness of the state by executing the smart contract. The blockchain can verify that the contract is valid by checking its fingerprints against those supplied by the users the channel was opened
Pros
- They can be viewed as a source of truth more easily (it’s easier to trust something that is foundational to a blockchain → if it was broken it’s unlikely the protocol token would have value). I see no reason why 3rd parties can’t implement alternative 2nd layer solutions competitive to the native first class objects Aeternity has.
Cons
- Places most the power in the hands of AE holders. This may lead to a misalignment of incentives to the detriment of other stakeholders (e.g. miners, users, developers), ultimately making Aeternity a poorer blockchain.
