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Review on Aeternity by Sebastian Lees
Unique Governance æternity is governed by its stakeholders, meaning that miners…
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.
Pros
- A Proof of Stake (POS) protocol is used to give AE token holders the power to stake their tokens to the network and vote for on future developments and upgrades to the blockchain. This system enables a decentralised form of governance which favours the voices of participants based on how many tokens they hold and how invested they are in the network.
Cons
- The Aeternity’s code base is written in Erlang, a language that is extremely scalable, secure, and makes it easy to write distributed high-demand applications.
