Review on Aeternity by Burl Kidney

Name: Aeternity
Item: Aeternity
Rating: 5

September 19, 2018

Summary of Aeon (AE Token) Aeon (Aeternity’s crypto coin) has a current market…

Summary of Aeon (AE Token)
Aeon (Aeternity’s crypto coin) has a current market cap of $888,430,163 as of May 18th 2018. This is based on a circulating supply of 233,020,472 AE (out of a total supply of 273,685,830) and the Aeon price is $3.81 per coin.
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Like in the Ethereum and NEO/GAS models, the Aeon coin is used to pay for space and computational time on a virtual machine running on another node computer on the network. Its ICO released in 2017 and collected 121,212 ETH and 324 BTC during its initial ICO (equivalent to ~$5.4 million) and the main net is scheduled for launch in 2018. That could have an effect on the Aeon price and the profile of the Aeon cryptocurrency.
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This means all trading thus far of the Aeon coin is based purely on the white paper, tech specs, and company goals rather than concrete achievements. It’s a pure ICO, and the team basically crowdfunded its development. The underlying technology that backs up the digital currency does have several key differences from Ethereum and NEO (though they’re quickly being addressed) and it’s so far a more finished product than your average ICO.
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In addition, Aeternity uses a Cuckoo Cycle mining algorithm that improves upon the ASIC mining rig centralization problem plaguing Blockchain 2.0s like Ethereum. That could tempt people to buy Aeon for the long term.
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Pros

What is Aeon Aeternity? Aeternity is a blockchain platform designed to host smart contracts and decentralized apps with sidechains. It’s more efficient and scalable than Ethereum and is an operating system in its own right. The Aeon is the utility token that will pay for time on the virtual machine, potentially bringing supercomputing to the masses and providing a Google Play-type dApp platform. Users can earn cryptocurrency by using the environment, too, as their device becomes an Aeon coin miner.

Cons

Welcome to Aeternity Aeternity is an interesting coin in more ways than one. Cryptocurrencies come in a variety of flavors. Some are pure currencies focused on value transfer. Others are app-based and depend on the crypto to fuel app engagement. And some, like Aeternity, are blockchain platforms for hosting smart contracts and decentralized apps. Both Bitcoin and Ethereum were revolutionary upon their release, but have already found themselves struggling to compete in a technological arms race. Aeternity promises a more efficient and scalable smart contract solution than Ethereum, which has been notoriously bogged down by simple real-world contracts like Crypto Kitties. But there’s not much Aeternity offers that isn’t already being addressed by Ethereum and NEO, and it has a long road ahead of it in building an ecosystem that even needs scale. The Aeon price and success of the Aeeon cryptocurrency will come down to marketing, as much as the blockchain technology. Before diving into Aeternity Aeon coin, its goals, qualifications, market cap, hopes and dreams, let’s review the AE token’s pre-release performance.