Review on Aeternity by Christopher Kelley

Name: Aeternity
Item: Aeternity
Rating: 5

September 20, 2018

Aeternity has obviously introduced some key innovations to the blockchain…

Aeternity has obviously introduced some key innovations to the blockchain industry – including state channels, decentralized oracles, consensus, and unique governance. All of these features improve upon features seen in the bitcoin or Ethereum blockchains. They vastly improve the usability of a feature like a smart contract oracle.
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Pros

Aeternity has a memory-efficient mining algorithm that solves the ASIC problem that affects proof of work-based blockchains. The mining algorithm also purportedly provides great decentralization potential because anyone can efficiently mine – even on low-powered computers like smartphones

Cons

Development on the project started in early 2017 with the launch of a testnet. The first backing campaign took place in Q2 2017. By Q4 2017, they plan to perform a complete security audit. And by Q1 2018, they hope to launch Aeternity onto the mainnet