1 Level
5 Review
-1 Karma
Review on Aeternity by Nadine Chartier
Privacy is an additional benefit of state channels, since only the state…
Privacy is an additional benefit of state channels, since only the state channel participants need to know what happened in the contract and in Aeternity contract states are not stored on-chain but can be easily verified.
N.B. Most other blockchains including Bitcoin & Ethereum will have live state channel like solutions soon. See Lightning Network for Bitcoin and SpankChain / FunFair / Raiden for Ethereum based solutions. The primary difference between these solutions & Aeternity’s state channels are that Aeternity’s are first class solutions meaning they belong within the context of the actual protocol while others are second class solutions that must be built on top of the base layer
Pros
- State channels are basically a way to send transactions/messages off-chain securely, meaning the user is not at risk of losing their funds. On-chain transactions are only made when opening and closing a state channel meaning all transactions made within a state channel are very cheap and very fast since they do not have to be confirmed by the base blockchain.
Cons
- Aeternity has built State Channels into it’s platform by default. This is an advantage since Aepp (Aeterenity’s version of Dapps) builders can easily leverage the design to build scalable Aepps as soon as the protocol launches. Having built in state channels also means Aeternity is scaleable since regular transactions can be done through state channels (if you expect to make > 2 transactions with a particular party) rather than taking up resources on the main chain
