Review on Aeternity by Anh Hoa

Name: Aeternity
Item: Aeternity
Rating: 5

September 19, 2018

Quarter 1/2017 started the Aeternity (AE) project, trial operation…

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Quarter 1/2017 started the Aeternity (AE) project, trial operation, feasibility of the project
Quarter 2/2018 completed the Aeternity project and put into operation, carrying out campaign support.
Quarter 3/2017 builds essential applications, app for mobile, windows, linux.
Quarter 1/2018 security checks, security.
Quarter 2/2018: Mainnet construction
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Pros

Main channel: Smart contracts exist only in the main sequence channels. Only in case of disagreement, the smart contract code is executed by blockchain aeternity. Authoritative Oracles: An oracle machine connects real world data with smart contracts. The oracles are far more powerful than the Turing calculations. Consensus: Consensus is achieved through a new Proof-of-Work (PoW) algorithm and Proof-of-Stack (PoS). Unique Management: Aeternity implements a futuristic form where the miners vote and the person who values the bet to make a decision together.

Cons

Security: Aeternity (AE) of modern cryptographic and hierarchical data structures delivers unprecedented performance and eliminates single-point-of-failure.Private: For many business applications, it is important that their transactions are not public. Smart contracts only deal with blockchain in case of disagreement.