1 Level
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4 Karma
Review on Aeternity by Thanh Tran
Development path of Aeternity coin Starting from 10/2016, below is the…
Development path of Aeternity coin
Starting from 10/2016, below is the development roadmap of the project:
Quarter 1/2017: Initiation of the Aeternity (AE) project, operational testing, feasibility of the project
Quarter 2/2017: Completion of the Aeternity project and put into operation, carry out support campaigns.
Quarter 3/2017: Building essential applications, app for mobile, windows, linux ..
Quarter 1/2018: Check security, security.
Quarter 2/2018: Mainnet construction
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.
Pros
- A network of state channels enables the exchange of value with anybody in the world in a trust-free way. Participants interact privately with each other. Businesses have their records off-chain and hidden from public sight. Participants can have infinite real-time transactions and handle use cases that require very high volumes of transactions. The purpose of Aeternity is to make transactions faster and safer through better-designed, improved smart contracts.
Cons
- Unlike other cryptocurrencies who use either Proof of Work or Proof of Stake, Aeternity uses a hybrid of both Proof of Work and Proof of Stake. Where Proof of Work is used for consensus while Proof of Stake is used for governance. Aeternity's Blockchain platform design differs significantly from other Blockchain platforms.
