Review on Aeternity by Inioluwa Okedeji
A Review On Aeternity
Aeternity is a blockchain platform, founded in 2017 by Yanislav Malahov. It was built on the ethereum's smart contract framework.
Aeternity is given much respect because its team is made up of highly skilled personnel, and they have developed aeternity's smart contract with high quality software tools and innovative.
It's blockchain platform is scalable, therefore it allows high bandwidth transactions.
It operates purely functional smart contracts and decentralized applications.
The aim of this digital currency is to resolve the problem of scalability and decentralized decisions on the current blockchain.
Aeternity can handle a large number of decentralized operations and transfers of value with ease.
Aeternity's outstanding scalability is an effect of of its success with state channels technology.
It has a unique underlying mechanism which combines both Proof-of-work POW and proof-of-stake POS
Aeternity is currently ranked 165th on coinmarketcap
It has a market cap of $43,205,791 USD
It has a circulating supply of 320,046,306 AE
It has a total supply of 365,867,249 AE
It's goals are to provide unmatched efficiency, transparency and a scalability that is global.
There is an interesting fact that Aeternity's founder is also considered the godfather of ethereum.
It's decentralized applications are known as (Aeapps).
Since AE is an Erc-20 token it can be kept safe in any wallet that supports Erc-20 tokens
Aeternity's token AE can be traded on any cryptocurrency exchange on which it is listed.
Pros
- Aeternity's blockchain platform is scalable
- AE is mineable
- It's network supports an open source code
- It's underlying technology makes use of both POS and POW thereby making it unique
Cons
- Aeternity is not a popular digital currency, because popularity and hype is one of the factors that gives attention towards a cryptocurrency
