Review on Aeternity by David Olayide
Aeternity And Solving The Problems Of Our Blockchain.
So recently, I had the opportunity to look into a whole different type of project. I say it is different because much unlike the regular crypto project which is popular and dynamic, these projects focus on providing multiple services as well as solutions to existing blockchain problems. I am talking about one project in particular, called Aeternity. Aeternity is a scalable smart contract platform that is designed and structured to provide solutions or fixes to some of the problems and challenges we face on the blockchain network.
From my point of view I can say that Aeternity has a very versatile platform. The very best features that are expected of a blockchain are security, scalability and total decentralization. But you will discover that we face a lot of problems there today. I mean bitcoin for example is not so scalable. There is a limit to the number of transactions that can be performed per second. So issues like this need a solution.
This is where Aeternity comes in. the project seeks to achieve its aim by redesigning and restructuring the blockchain technology. Like I said, the project is very versatile. It can be used by large scale enterprises to help them manage their physical or even digital assets. Since it was launched in 2018, the project has steadily grown to expand and become versatile enough to host anything from games, to payment systems, registers and other areas of application.
I found out that there is this amazing special programming language called Sophia that is used to develop and efficiently utilize the potentials of the Aeternity project. Aeternity is so versatile that you can induct the project's system into almost any field you want! Even more exciting is that people are still discovering more and more ways to use it. I discovered that you can also engage mining pools to mine AE.
Personally I have to say that I am very impressed with the versatility and scalability of Aeternity. These are the two major features that attracted me to the crypto based project. You can get the AE tokens on some popular exchange sites such as Okex, Huobi and Binance. Aeternity also supports interfaces and wallets such as the Trust Wallet, base wallet and atomic wallet too. Honestly I have not seen a project as diversified and versatile as this.
Please go through their well designed website to get all the detailed information you need about the project's structure.
Pros
- Highly scalable
- Very versatile in terms of real world application as the project can be used in a lot o fields.
- Proper structural layout of the project
- Compatible with a lot of popular and well known interfaces
- Very secure and decentralized. it is also an open source program.
- Reduced fees and charges. The project is really user friendly.
- Adequate supply of info on their website
Cons
- The project needs more attention and mass adoption for its benefits to be appreciated.
