Review on Aeternity by Bien Ca

Name: Aeternity
Item: Aeternity
Rating: 5

September 19, 2018

Aeternity was developed by a team of 36 members. Of these, more than 20 people…

Aeternity was developed by a team of 36 members. Of these, more than 20 people participated as developers in the project. This shows that the focus of the project is on the development of new blockchain technology, some of which are important in Aeternity's ranks.
Yanislav Malahov: Founder of the Aeternity project, a long-time blockchain developer and former associate of Vitalik Buterin (who created Ethereum).
Marion Vogel: As director of the project, realizing the magic of Blockchain technology from 2014, she is very interested in and doing well the application of this technology in economic and social activities. Previously, she worked in the field of marketing and business development in Silicon Valley.
Emin Mahrt: You are the business manager of the project.
Sergei Evdokimov, PhD: Sergei Evdokimov is a researcher in mathematics and cryptology. He received his doctorate in Berlin. Prior to joining AEternity, he worked as an IT architect specializing in the design of medical records management systems for millions of patients and developed a AI-based recommendation system for hospitals.Private: For many business applications, it is important that their transactions are not public. Smart contracts only deal with blockchain in case of disagreement.
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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. What is Aeternity (AE)? Aeternity (AE) is an electronic currency based on Ethereum and uses blockchain technology. Aeternity

Cons

Aeternity uses Cuckoo Cycle design which enables AE tokens to be mined on mobile devices, unlike most cryptocurrencies where mining is done solely on personal computers.The platform's consensus mechanism is working to become a hybrid version of Proow of Work and the Proof of Stake.