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AE
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Aeternity
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What is Aeternity (AE)?

Aeternity is a new blockchain platform that aims to be more scalable and viable than Ethereum and other blockchain platforms offering working smart contracts and decentralized application development capabilities.

Its goal is to provide scalable, decentralized and unreliable alternatives to existing government bodies, economic and financial intermediaries.

To achieve this goal, the Aeternity team has created and continues to create a public platform for distributed computing and digital assets based on an open source blockchain.

The platform supposedly uses next-generation scalable, publicly available blockchain technology and supports autonomous smart contracts and embedded decentralized oracles that use real-time and real-time data.

At the same time, Aeternity is simply trying to become a faster, better and scalable platform for developing smart contracts and decentralized applications, which can be applied to a wide range of individual, business and government blockchain applications and solutions.

As for Aeternity's own cryptocurrency, Aeon( AE), its function is essentially the same as ETH in Ethereum. All system fees on the Aeternity blockchain are paid using Aeon, and all smart contracts are calculated in Aeon.

In addition, Aeon tokens can be traded on a wide range of cryptocurrency exchanges

Who created Aeternity (AE)?

Aeternity was founded by Yanislav Malakhov in 2016. Malakhov has been working in the field of cryptography for a long time and claims that he worked with Vitalik Buterin, the creator of Ethereum, even before its launch.

He also claims to have inspired Buterin with the idea of Ethereum, and therefore calls himself the "godfather of Ethereum". However, Malakhov was not involved in the development of Ethereum, but in the past he worked on various other projects with Buterin.

Almost 3 years after the launch of Ethereum, Aeternity launched its test network in early 2017. The main Aeternity blockchain network has been launched on November 27, 2018 After the launch of the main network, the ERC-20 Aeon tokens were transferred to the new blockchain in a 1: 1 ratio.

What is unique about Aeternity (AE)?

Aeternity's innovative capabilities are simply unique:

  • Smart contracts

Aeternity includes full Turing smart contracts that perform transactions and commands without the need for third parties or intermediaries.

  • State channels

State channels are an innovative scaling solution that allows you to perform smart contracts offline. This solution provides an infinite number of real-time transactions and can handle usage scenarios that require high transaction throughput.

  • Oracles

Many smart contracts need viable real-time data to be effective, and Aeternity has an oracle system built into the blockchain.

  • Management

Aeternity is managed by interested parties, including miners, token holders and other participants who have a stake in the blockchain. Stakeholders achieve governance through delegated voting.

How many Aeternity (AE) tokens are in circulation?

With the maximum offer - 9,651,217 AE, there is - 343,799,738 of AE tokens in circulation.

At the moment, the asset valueis $ {price} USD, with a daily trading volume of 6,686,350 USD, and a market capitalization of 38,473,941 USD. 

How is the Aeternity network protected?

To protect its network, Aeternity uses a unique hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus algorithm, while part of the mining is performed from decentralized RAM instead of a GPU or processor, which improves decentralization.

In addition, unlike some blockchains, Aeternity offers convenient identifiers for blockchain objects, such as user accounts, oracles, contracts, etc.

Summary

  • To own your crypto assets, you need to manage your own private keys.
  • Ledger hardware wallets make private key management easy and secure.
  • Each unique 24-word recovery phrase creates a new set of private keys.
  • Make sure you secure your 24-word recovery phrase properly.
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