1 Level
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Review on Aeternity by Thin Phan
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 futuristic form where the miners vote and the bettor makes a joint decision.
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).
