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Review on Aeternity by Lettie Peck
Aeternity has a strong backing, but it’s still in very early stages of…
Aeternity has a strong backing, but it’s still in very early stages of development. A strong team is in place that shows every indication it can overcome the obstacles to sustain relevance over the next decade, but its success hinges on these key factors:
Aeternity is still in development as of May 5, 2018, and even after launch, it’ll be at least a year before really stellar dapps are in place on the blockchain. Aeternity resolves many key issues with vanilla Ethereum. However, its early release gave Ethereum leverage to develop the Plasma layer to resolve scalability issues...
Pros
- 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
- Aeternity’s founder and lead developer, Yanislav Malahov, built a solid team who build solid source code that can deliver on its promises. Currently undergoing final security audits in testnet, it’ll soon be released into the wild. And that’s when the real battle for market share begins.
