1 Level
11 Review
9 Karma
Review on Aeternity by Tran Le
Aeternity is a decentralized applications platform. Applications on æternity…
Aeternity is a decentralized applications platform.
Applications on æternity are called Aepps. The term "Dapps" is usually associated with Ethereum’s applications.
Since Aeternity will support pre-compiled Solidity smart-contracts, dapps will be able to run on æternity’s blockchain platform.
Nonetheless, we believe that æpps will become the preferred type of applications on æternity, since they will be based on the more reliable Sophia and Varna smart-contracts, developed specifically with security, efficiency and cost-of use in mind.
Pros
- Research & Academia Aeternity is continuously researching the newest technological standards and continuously expanding cooperations with international research institutions, keeping the technology safe and up to date.
Cons
- Decentralized Oracles Machine – With this machine integrated into Aeternity’s system, data from outside sources or real-world data are brought in for use in smart contracts. This means that information from our real world like weather conditions, sport reports or events, human deaths, current prices of shares etc which are hosted on other websites or platforms outside the Aeternity system like the price of gold, the weather condition in Japan or the score of a hockey game can all be checked or accessed on Aeternity platform. Since this data would be coming from sources outside the Aeternity secure platform, the veracity and accuracy of this data from outside sources would be voted upon by users using prediction markets.
