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Review on Aeternity by Thin Phan
On Aeternity, the two sides of the transaction can create their own…
On Aeternity, the two sides of the transaction can create their own intelligent contracts without necessarily sending information to a blockchain via a data processing system called Oracle. Oracle is a data processing system created to support blockchain blocks in the background in collecting data outside the network that blockchain blocks do not collect. This makes the transaction speed faster, while making smart contracts easier and more flexible.
Pros
- The purpose of Aeternity is to make transactions faster and safer through better-designed, improved smart contracts. An electronic currency is built and used as a form of payment. The payment for all activities or services in the blockchain platform of the same name is Aeternity. Aeternity is the name of a new open source blockchain project, created to enhance and strengthen the Bitcoin and Ethereum blockchain platform, and it began operations in October 2016.
Cons
- Aeternity's Blockchain platform design differs significantly from other Blockchain platforms: Using the Erlang programming language Aeternity's blockchain platform is written in a separate programming language called Erlang. Using this programming language it is easy to write applications and softwares, and it can be used to edit blockchain related errors.
