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Type of review

Revainrating 4 out of 5

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…

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.

Revainrating 4 out of 5

There is couple key differences between AE and Ethereum. As mentioned before…

There is couple key differences between AE and Ethereum. As mentioned before - we include whole bunch of "features" in core protocol. Oracles, naming system, channels, contracts. Why it's better? It is surly better for users and app's developers, because it will be easier to reason about availability. Also, the API is unified. When all that is in place then our contracts are more powerful. Easy to use in channels and use all the features, because they are first class entities in our blockchain.

Pros
  • Good point. IMHO, the crypto market is like a wave that rises and falls. One day AE appears to be the leader. Next day, EOS looks promising. I have several large investments and i can tell you that I've changed my mind a dozen times on which ones to hold and which ones to sell. Then we have to remind our selves that even after the main net launch, we're still in it's infancy. Things are going to change once, as Mike tyson said, everyone has a plan until they get punched in the face. All the cyrptos will get punched in the face soon. It's how they respond that will be telling
Cons
  • No API is really free, the people running it have to pay bills somehow. Also not everything has a public free API that people can trust. The fact is in order to build robust smart contracts there has to be a way to get data into the blockchain. That's all Oracles are really doing. If the data is easy to get then there will be a lot of competition to put it on the blockchain and you'll be able to get it from multiple Oracles for a reasonable price. For example stock prices will likely be something that'll be almost free, if not free. However if you wanted the temperature from a specific geo location that might be more costly because it'll ultimately require someone to have a hardware temperature sensor there.

Revainrating 4 out of 5

In my opinion for this Aeternity review, it appears to be a solid project…

In my opinion for this Aeternity review, it appears to be a solid project whose technology may not seem so exciting from the outset but will be necessary innovations for blockchain to scale to the demands of public and industrial mass-adoption.

Pros
  • It is one of the most efficient developing smart contract platforms with private state channels, native Oracle, Cuckoo mining algorithm, POS governance, and Erlang code base. It has a respected and transparent professional team that has focused on building a quality product before selling empty promises. It is being built to scale to mass public adoption and high demand industry-grade applications that provide companies with smart contract privacy. It provides a ‘naming’ service for account holders to hold a verified and easily identifiable account that can be used for identification across the web. This may sound trivial, but in the current blockchain world, accounts are labeled by a long string of numbers.
Cons
  • There is a lot of promising competition that will be launching over the next year. A lackluster marketing campaign so far.

Revainrating 4 out of 5

Aeternity coin (AE) is an electronic currency that is built and used as a form…

Aeternity coin (AE) is an electronic currency that is built and used as a form of payment for all activities or services in the same block of Aeternity platform. Aeternity is the name of a new open source blockchain project, created to enhance and strengthen the Bitcoin and Ethereum blockchain platform, and it started operations in October 2016. The purpose of Aeternity is to make Transactions are made faster and safer through better-designed, improved smart contracts. Aeternity performs a…

Pros
  • (AE) is to make transactions faster and safer than other electronic currencies. The mission of Aeternity (AE) is to become a better performing electronic currency than Ethereum with its advanced AE platform. The introduction of this hybrids on the market raises the price of ether and reduces inflation. This is a lucrative and important factor for many industries, and has helped AE gain competitive advantage over Ethereum or Bitcoin.The design and implementation of æternity blockchain focus on making the execution of smart contracts safe, efficient and economic. Aeternity supports multiple virtual machines: a High Level VM that allows for blindingly fast and cheap contracts with a fixed execution cost; a Functional Typed Warded VM that is used to efficiently and safely execute contracts, written in the functional language Sophia; the Æternity-Ethereum VM that executes Solidity smart contracts to provide a simple way for migrating from Ethereum and more.
Cons
  • Currently, people fail to see innovation and true value because bad communication and marketing. Consensus is achieved through a new Proof-of-Work (PoW) algorithm and Proof-of-Stack (PoS).

Revainrating 4 out of 5

Industrial-grade code base. æternity core is written in Erlang, which is a…

Industrial-grade code base. æternity core is written in Erlang, which is a highly scalable, fault-tolerant language for writing distributed systems allowing to achieve superior operational stability and performance. Smart contracts allow decentralized highly available, non-stop applications. State channels enable highly scalable, trustless transactions of value and purely functional, easily verifiable Turing-complete smart contracts. Integrated Naming Systems, which are both decentralized and…

Pros
  • æternity allows for execution of Turing-complete smart contracts that allow the execution of a credible transactions without third trusted parties. The design and implementation of the æternity smart contracts focuses on making the execution of smart contracts safe, efficient and cheap. æternity supports multiple virtual machines: The High Level Machine (HLM) that allows for blindingly fast and cheap contracts written in Varna language with a known cost to be executed; The Functional Typed Warded VM (FTWVM) that is used to efficiently and safely execute contracts written in functional language Sophia - OCaml based scripting language, Sophia, which can be formally verified; æternity Ethereum VM (AEVM), which is a ported to Erlang Ethereum VM, that can execute smart contracts written in Sophia, as well as in Solidity, thus providing a simple way to migrate from Ethereum
Cons
  • As of lately there have been a couple of strong developments around the project. First of all, the coin recently launched its own native mainnet and begun the process of migrating the ERC-20 tokens to the native blockchain based ones. It became a part of the Atomic Wallet portfolio which came along with being accepted on the Atomic Swap exchange. Several community events, including the first Blockchain BBQ in Lichtenstein’s House of Blockchain and BlackSeaChain conference in Varna, Bulgaria – both of which will have Aeternity as sponsor/speaker – will be held in the following days. There is also a 4000 AE bounty created to “find a venue for a global, decentralized artwork project on a large urban scale, powered by the Aeternity blockchain.” Details of this bounty can be found here.

Revainrating 4 out of 5

We were delighted to welcome the visionary teams from the likes of Croatia…

We were delighted to welcome the visionary teams from the likes of Croatia, Kenya, and Austria, as well as investors and industry enthusiasts to the final event of AETERNITY Starfleet 2018 in the beautiful Sofia Tech Park in Bulgaria. I have been very impressed by the passion, dedication and far-reaching potential of the nine teams that have made it to the final of AETERNITY Starfleet. The finalists’ projects have demonstrated an innate ability to take our feedback and fine-tune the business…

Pros
  • The project offers a lot to potential developers and users. From the Sophia smart contract language to Bitcoin-NG consensus with Cuckoo Cycle used for Proof of Work, state channels, integrated oracles, Aeternity virtual machine and an integrated naming system, the list of advantages is truly impressive. You will find a more detailed description of these Aeternity features in this neat FAQ that they’ve released just recently.
Cons
  • Aeternity’s blockchain platform’s investment section called Aeternity Venture will be investing $1,3 million to kickstart 9 different blockchain start-ups. The start-ups will become a part of Aeternity’s Starfleet incubator program designed to support blockchain progress and innovation through a network of established innovators, investors and industry enthusiasts.

Revainrating 5 out of 5

In the longer term, this project has state channels with potential sharding…

In the longer term, this project has state channels with potential sharding and the decentralised oracle, that’s enough feature technology to stand out amongst the platform crowd. And further more they will have true mobile phone mining, which we know from Electroneum is a massive boost for mass adoption, and they are already the go to platforms for Golang developers. Last of all, their entire ecosystem has a very healthy token use that should be attractive to potential token investors

Pros
  • Furthermore, with Mainnet expected a couple of months away, and the recent launch of the Starfleet incubator less than a month ago, I think they have good traction and by August, we should see the price rise significantly. So short term price prediction is good.
Cons
  • Alright guys, that’s my take on Aeternity, I hope you found this review helpful. If you liked it, give us that upvote and follow to help me produce more content.

Revainrating 4 out of 5

N.B. Most other blockchains including Bitcoin & Ethereum will have live state…

N.B. Most other blockchains including Bitcoin & Ethereum will have live state channel like solutions soon. See Lightning Network for Bitcoin and SpankChain / FunFair / Raiden for Ethereum based solutions. The primary difference between these solutions & Aeternity’s state channels are that Aeternity’s are first class solutions meaning they belong within the context of the actual protocol while others are second class solutions that must be built on top of the base layer.

Pros
  • Uncontroversial changes to the blockchain may be easier / faster to make (and with no hard fork!). Many people will simply delegate their vote stake to someone very knowledgeable in the space, meaning if a relatively small number of actors agree on something they can quickly generate enough votes to reach the assigned threshold and enact the vote.
Cons
  • Many governance decisions are hard to evaluate and require advanced prior knowledge, to assume that casual users are equipped to make (or even understand) these decisions is probably wrong. In Aeternity this is somewhat alleviated due to the fact holders can delegate their vote, however judging who to give their vote to is still hard.

Revainrating 5 out of 5

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…

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.

Revainrating 5 out of 5

Aeternity have stated they are planning to use a variant of Bitcoin-NG…

Aeternity have stated they are planning to use a variant of Bitcoin-NG (already implemented in the Waves cryptocurrency) as their consensus algorithm. Bitcoin-NG will bring significant improvements in transactions per second on the Aeternity base protocol, the team have estimated 100tps onchain (this does not include any transactions in state channels).

Pros
  • Changes can be made without hard forking. The advantage here is that changes do not need to be “batched” like in Ethereum hard forks. Currently miners must make a binary choice at hard forks between running the new chain & the old chain. Aeternity can vote on individual issues/changes and incorporate (or not) each without a hard fork.
Cons
  • Many governance decisions are hard to evaluate and require advanced prior knowledge, to assume that casual users are equipped to make (or even understand) these decisions is probably wrong. In Aeternity this is somewhat alleviated due to the fact holders can delegate their vote, however judging who to give their vote to is still hard.

Revainrating 5 out of 5

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

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

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.

Revainrating 5 out of 5

How Does Aeternity Works? Ethereum’s set enables individuals to set up smart…

How Does Aeternity Works? Ethereum’s set enables individuals to set up smart contracts, which was a genuine jump forward for blockchain innovation. One issue that is sprung up, however, is that it’s difficult to scale smart contracts, and subsequently the dapps (decentralized applications) that use them. The outcome is that at bigger sizes of utilization and volume, the network can ease back to a creep. But how would you maintain a strategic distance from this? There are a couple of choices…

Pros
  • Aeternity Coin is a new player in the game of cryptocurency. In this Aeternity Coin review we will help you out to know more about this coin. Blockchains can be helpful for some things, but bunches of individuals just think about their utilization in cryptographic forms of money and computerized resource trade. In all actuality, however, that blockchain technology can be valuable for a wide assortment of applications and projects too. One platform as of late propelled because of applications. It’s called Aeternity, and it is here to take care of a portion of the issues that keep blockchains from being use to their maximum capacity. Not as much as a year old, it offers many promising features and guarantees for the users. With our Aeternity review, you’ll realize what Aeternity is, the manner by which it works, and how you can receive the most in return. Read on! Aeternity is another platform for decentralized applications (dapps) propelled in testnet in 2017. It also held an effective token offering in 2017 for its Eon (AE) token.
Cons
  • What Is Aeternity? The project centers on increasing the versatility of smart contracts and dapps. It achieves scaling by moving smart contracts off-chain. Instead of running on the blockchain, smart contracts on Aeternity keep running in private state channels between the gatherings involved in the agreements. Aeternity includes a few different highlights that set it apart from other smart contract and dapps platforms. Quite, it includes a decentralized forecaster machine that brings in information from outside hotspots for use in smart contracts. It also utilizes forecast markets for different voting and verification purposes within the platform. Established by a long-lasting crypto-aficionado and early associate of Vitalik Buterin, Yanislav Malahov, Aeternity has immediately ascended to the main 40 projects on the planet by market cap. In this review, we’ll complete a profound jump into Aeternity, its main points, and potential use cases.

Revainrating 4 out of 5

Aeternity have stated they are planning to use a variant of Bitcoin-NG…

Aeternity have stated they are planning to use a variant of Bitcoin-NG (already implemented in the Waves cryptocurrency) as their consensus algorithm. Bitcoin-NG will bring significant improvements in transactions per second on the Aeternity base protocol, the team have estimated 100tps onchain (this does not include any transactions in state channels).

Pros
  • Aeternity have opted for on-chain governance though delegated voting, weighted by the amount of tokens the account hold. Votes will take place natively on the Aeternity blockchain where AE holders can either (1) Vote themselves, (2) delegate their votes to a trusted third party or (3) not use their votes at all. I haven’t found any information regarding incentives for voting / delegating your votes however I assume people will be rewarded with more AE through inflation, if anyone has more info on this please reach out!
Cons
  • Coin votes may place arbitrary time frames on decisions that become rushed and effect the outcome in a negative way. Many on-chain governance mechanisms reduce governance down to a vote when in reality governance should be seen as a complex multifaceted decision making process that requires inputs from many stakeholders and requires many checkpointing stages to see if the changes suggested are valid / beneficial.

Revainrating 5 out of 5

Danger of dual consensus mechanisms? Oracles are generally singular…

Danger of dual consensus mechanisms? Oracles are generally singular, centralized data streams that often brings in security risks. To determine whether a supplied fact is true a new consensus mechanism has to be placed on top of the existing consensus mechanism. However, this strategy does not add security and if attacked it can be made to produce “false” values. The development team of Aeternity is well aware of these security risks and is working on converging the two consensus mechanisms…

Pros
  • The scalable Blockchain platform was launched out of Germany on June 1, 2017. The initial token price was $0.68 and now, at the time of writing, is trading at $4.70 per token, a 591 percent gain! The ICO raised some $24 mln from approximately 8,000 investors over a two-week period. The mission behind Aternity is similar to many of the ERC20 tokens out there: to be similar to Ethereum, but better by introducing more complex technologies layered on top of the smart contracts system.
Cons
  • Premise of technology Aeternity offers a network of state channels, which enables the exchange of value with anybody in the world in a trustless way. Users can interact privately with each other and businesses can keep their records off-chain and not in public view. Additionally, users can have infinite almost instant transactions because the Blockchain is needed for adjudication or transfer of value. Furthermore, to facilitate the use of the smart contracts, Aeternity uses oracles to feed data into smart contracts which require it to transact. Commodity prices, stock prices, weather conditions, the list is limitless on what parameters can be set by the smart contracts. The Aeternity Oracle Machine provides real-world data to the Blockchain. Each user can ask questions about the environment, surrounding the smart contract and the oracle provides the answer. A consensus mechanism comes into play in case of disagreement. However, Aeternity takes an unusual step in having two consensus mechanisms on the Blockchain.

Revainrating 5 out of 5

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. 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…

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.

Revainrating 4 out of 5

Aeternity has built State Channels into it’s platform by default. This is an…

Aeternity has built State Channels into it’s platform by default. This is an advantage since Aepp (Aeterenity’s version of Dapps) builders can easily leverage the design to build scalable Aepps as soon as the protocol launches. Having built in state channels also means Aeternity is scaleable since regular transactions can be done through state channels (if you expect to make > 2 transactions with a particular party) rather than taking up resources on the main chain. For example a user may want…

Pros
  • Aeternity is using a hybrid Proof of Work (PoW) and Proof of Stake (PoS) approach. Only miners will receive inflation rewards while PoS is being used exclusively for governance (I’d argue it’s not PoS at all in this case and Aeternity should not state it is). Aeternity are using a novel ASIC resistant mining algorithm called the Cuckoo Cycle. In theory it’s likely this will reduce mining centralisation given that the Cuckoo Cycle is designed in a way that even mobile phones will be able to mine “without orders of magnitude loss in efficiency”. Another project that will be using the Cuckoo Cycle is Grin, it’s an interesting project, I suggest you take a look
Cons
  • AE distribution may be highly skewed leading to a small number of people having significant control over the blockchain. It’s notoriously hard to get large numbers of people to vote even if it’s in their interest (see the DAO). This is somewhat alleviated in Aeternity due to the fact holders can delegate their vote.

Revainrating 5 out of 5

Naming System Naming System enables user-friendly identities for blockchain…

Naming System Naming System enables user-friendly identities for blockchain entities, such as user accounts, oracles, contracts, etc. Privacy For many business applications it's crucial to have transactions which are not recorded in public. Smart contracts executed in state channels touch the blockchain only in the case of disagreement, acting like a self-arbitrating crypto court. Security State-of-the-art cryptographic data structures and unparalleled decentralization provide robust efficiency

Pros
  • Smart Contracts æternity powers Turing-complete smart contracts that allow the execution of credible transactions without third parties and intermediaries State Channels State channels make it possible to execute smart contracts off-chain. The blockchain enforces the smart contract code, only in the case of a disagreement between the contracting parties.
Cons
  • Oracles An oracle connects real-world data with smart contracts. æternity's oracles are truly first-class objects on the blockchain. Unique Governance æternity is governed by its stakeholders, meaning that miners, token-holders and other participants with a stake in the blockchain have the ability to make decisions together on proposed changes.

Revainrating 4 out of 5

In case of conflict, either party can post the latest cosigned state and…

In case of conflict, either party can post the latest cosigned state and contract code to the blockchain and the blockchain will verify correctness of the state by executing the smart contract. The blockchain can verify that the contract is valid by checking its fingerprints against those supplied by the users the channel was opened

Pros
  • They can be viewed as a source of truth more easily (it’s easier to trust something that is foundational to a blockchain → if it was broken it’s unlikely the protocol token would have value). I see no reason why 3rd parties can’t implement alternative 2nd layer solutions competitive to the native first class objects Aeternity has.
Cons
  • Places most the power in the hands of AE holders. This may lead to a misalignment of incentives to the detriment of other stakeholders (e.g. miners, users, developers), ultimately making Aeternity a poorer blockchain.

Revainrating 5 out of 5

AE Price Analysis Aeternity's token has its ups and downs during last week…

AE Price Analysis Aeternity's token has its ups and downs during last week, with a notable spike, as well as fall. At the end of May, the price remained relatively stable, fluctuating slightly around $3.15 with only few cents of differences. Then out of a sudden, AE token jumped rapidly from $3.10 to as much as $3.65 and stayed at that region for three days. On June 4th it dropped back to its previous $3 region, only to prepare for a ride that took place in last two days. AE managed to get…

Pros
  • What is Aeternity Aeternity wants to create the technology for decentralized applications to be built upon. It may be compared to Ethereum, however they wanted to improve the sole idea and technology proposed by that project. Aeternity wants to solve problems of scalability, security and being more economical and user-friendly when it comes to accessing the smart contracts on the network. They want to achieve this by moving the contracts off-chain. Their 3 main ideas are State Channels, Consensus mechanism and Decentralized Oracles.
Cons
  • Mainnet launch preparation Aeternity wants to improve the sole blockchain technology as a whole, contributing to the "blockchain 3.0" idea. They have recently revealed that they are going to launch Aeternity Starfleet, which is a series of incubator and accelerator programs that will support the blockchain system. Moreover, The process also involves building a chain of investors, innovators and industry enthusiasts. Yanislov Mahalov, the founder of Aeternity expressed his excitement, as their technology has a chance to impact worldwide adoption of blockchain technology. He said that the launch is: "the culmination of months of extensive research and preparation and underlines our commitment to be the enablers of innovation, strengthening the already thriving blockchain community worldwide." The developers decided to implement Bitcoin-NG into the Aeternity protocol. The decision was taken with the consideration of scalability. There are no official deadlines and launch dates yet, however the community speculate that it is likely to be around August-September. Aeternity listed on new exchanges It seems that current focus of the team apart from developing and preparing for the mainnet launch is also making sure that AE is listed on many exchanges when they fully launch their platform. Recently, AE was listed on two major exchanges in one day. The token was added to OKEx and Bithumb. While only a week ago, it was listed on Kyber Network as well.

Revainrating 4 out of 5

Founded by Yanislav Malahov, Aeternity’s team has gone through several…

Founded by Yanislav Malahov, Aeternity’s team has gone through several iterations (& several CTOs) but now seems to have settled with Malahov remaining a constant throughout. Malahov has (toung-in-cheek) described himself as the Godfather of Ethereum having been involved in the project since the very start. He’s now focused on Aeternity. The current tech lead is Sascha Hanse, he did an AMA not too long ago that’s quite interesting.

Pros
  • It can make life easier for developers, having official documentation on oracles & state channels will hopefully simplify them. In general it should be cheaper /more efficient to interact with these first class objects than if they were built at the smart contract layer
Cons
  • State channels exchange smart contract code and state with each message in the channel. All messages are signed by both parties and both parties can verify that the state is correct by executing the smart contract included in the message. A set of fingerprints of all contracts that can be exchanged in the channel is included in the channel opening transaction