Review on Aeternity by Serina Cravens

Name: Aeternity
Item: Aeternity
Rating: 5

September 19, 2018

Aeternity is a new blockchain technology, designed to deliver unmatched…

Aeternity is a new blockchain technology, designed to deliver unmatched efficiency, transparent governance and global scalability. Smart contracts exist only inside off chain state channels. Only in case of a disagreement the smart contract code gets enforced by the æternity blockchain. An oracle machine connects public real world data with smart contracts. Oracles are categorically more powerful than Turing-complete computational models. Consensus is achieved via a novel hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithm. æternity implements a form of futarchy, where miners vote and value-holders bet to make decisions together.
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Pros

Incubator Foundation - æternity will spin off a foundation to support open-source developers, entrepreneurs and young businesses which build their projects upon æternity. Adoption - æternity puts an emphasis on web-browser integration and a mobile-first approach to bring blockchain technology to the next level of adoption. Education - On the technical side æternity will provide developer workshops and tutorials to make the technology easily accessible. æternity supports interested businesses and individuals to find a fit for their use case. Establishment - æternity blockchain is bootstraped by aeternity establishment and incorporated in the Principality of Liechtenstein. Ongoing communication with respective regulatory institutions is key to keep blockchain technology and the æternity project in legally safe waters.

Cons

æpps - æternity will deliver essential open-source æpps with the launch of the platform. This brings use to the blockchain from day one. Read the æternity whitepaper to find out more about the applications. Research & Academia - æternity is continuously researching the newest technological standards and continuously expanding our cooperations with international research institutions to keep the technology safe and up to date. Official partnerships to be announced soon. Partnerships - æternity is bootstrapping partnerships in different sectors to bring blockchain technology into real world use.