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Review on Aeternity by Edgar Etheredge

Revainrating 5 out of 5

Cloud mining appeared approximately in 2013 when cryptocurrencies just started…

Cloud mining appeared approximately in 2013 when cryptocurrencies just started to become really worldwide popular. This business is based on ASICs, special hardware, which was invented to mine digital coins with maximal effectiveness. It can ensure a huge hashrate when working with a certain algorithm.



Pros
  • t reads further: State channels are integrated to increase privacy and scalability. Tokens in channels can be transferred using purely functional smart contracts that can access Oracle answers. By not storing contract code or state on-chain, we are able to make smart contracts easier to analyze and faster to process, with no substantial loss in de facto functionality.
Cons
  • The CEO and Founder of Aeternity, Yanislav Malahov, who had been working on Ethereum with Vitalik Buterin and had envisioned using powerful algorithms for Ethereum. Now, he is using these algorithms for Aeternity.

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