1 Level
6 Review
4 Karma
Review on Aeternity by Abbie Osborne
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.
