Review on Aeternity by Robiul Islam
Aeternity can be used for a variety of purposes. The developers’ official…
Aeternity can be used for a variety of purposes. The developers’ official website mentions information markets, crowdfunding projects, and instant video game rewards as a few of the possible uses for their blockchain. The blockchain can also be used for decentralized fintech projects, trustless exchanges, and micro/nano payments. 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.
Pros
- Aeternity is a new open-source, public blockchain-based platform that improves upon the fundamentals of bitcoin and Ethereum’s blockchains. Find out everything you need to know about Aeternity today. The key technology behind Aeternity is its decentralized virtual machine. That virtual machine can execute scripts using an international network of public nodes – all of which are connected to the blockchain and through state channels. The Aeternity ecosystem revolves around a token called the Aeternity token. That token can be transferred between participants. Like other blockchain tokens, the Aeternity token is used to compensate nodes for computations they perform.
Cons
- Aeternity has a name system (DNS) built into the platform. The DNS is easy to use, and is both decentralized and secure while still supporting memorable, human-friendly names. If you don’t like the alphanumeric addresses found on other blockchains, then Aeternity’s DNS may be the right choice for you (although Ethereum’s DNS offers similar functionality).
