Introducing aeternity project
Introducing aeternity project
Aeternity is a new blockbuster technology with several features that are used to combat the current problems of blockbuster systems. Aeternity technology will innovate from other blockers to more efficiently.
The aeternity channels are more scalable than any other channel system that can run on Ethereum. Ethereal transactions need to be processed one by one and processed linearly if transactions in aeternity can be processed in parallel.
The aeternity team is made up of a number of entrepreneurs, developers and programmers, as well as blockachine graduates who have worked on prominent projects such as Synereo, Ethereum and Augur.
What are AE tokens used for?
AEs are the tokens needed to access the aeternity blocker and are considered as a unit for resources consumed by an account at aeternity. AE is the energy of the system, or the fuel system, which is used to energize any program running on this platform. Each move in the aeternity platform costs a bit, perhaps this cost is even a fraction of a cent.
Oracl decentralized
A real-time oracle car links real-world data with smart contracts. For example, if the completion of a contract depends on the weather or other public information, what will happen? Oracle can provide general information that is resistant to vandalism and irreversibility, and operates on this basis. In many businesses, the price of assets such as gold, the outcome of an election or climate change plays an important role. In other blocks, oracle is considered to be a failure point, and is therefore not suitable for decentralization. But the aeternity oracle is completely decentralized.
Applicable applications and applications in aeternity
Aeternity has a high operational capability for transactions, so any program that requires a high transaction speed can easily be run on it. For example, consider the following:
- Micro payment options (nano and micro payments)
- Intelligent Contracts that use oracle to run millions of parallel and concurrent transactions
- Intelligent Contracts that use oracle to run millions of parallel and concurrent transactions
- Contracts to empower collective investment to finance public goods and create a sustainable economy
- Polygraphs to find out when professionals or managers are concealing the truth
- And many other uses that we and you have not yet thought about
Advantage of Aeternity Smart Contracts
One of the great benefits of intelligent aeternity contracts is that they are "out-of-chains" or "off-chain". This makes it possible to interact with other contributors to the contract at a high speed and with specific privacy after the contract is made. As stated, user interactions are out of bounds and secure. Only when a transaction is executed "on a chain" is a discrepancy between users. As a result, blocker aeternity acts as a digital court.
There is also no limitation on the volume of intelligent contracts that can be processed at a single moment because they are out of chains and can run in parallel.
In this chain, businesses can have their own information and records outside of the chain and not in the public domain; users will also be able to run an infinite instant transaction, which can result in transactions requiring number transactions The high can be easily done.
Aeternity virtual machine
According to them, aeternity is building a virtual machine for high-end blockading computing. For example, they are building a solution that allows users to publish only a part of the code that actually runs. Aeternity intelligent contracts can be very large and bulky, so there will be no problem until the code part is small.
Collective agreement
Collective agreement or consensus is performed through a combination of PoW and PoS proofing algorithms. In this way, extraction can be done completely decentralized, and even smartphones can extract new tokens.
The central code of this blockade is written in Erlang programming language.
The use of this technology is free and can easily be used. Programmers and developers of various programs can easily work on the aeternity platform and build their own programs.
Phases of this project
First phase:
In the first phase, anyone could get 1 Ether 1000 Token AE. This phase began April 3rd and lasted for three days.
In this phase of successful completion, the contributions and collaborations were around 121,257 etherms and 323 bitcoins.
The second phase:
The second phase will begin on May 29 and will continue for 3 weeks.
In the first week, participants will receive 750 tokens AE per 1 ether.
In the second week, participants will receive 700 AU of token per 1 ether.
In the third week, participants will receive 650 AE tokens per 1 ether.
All contributions and contributions are made transparently on the blockade of Ethereum. Upon completion of these phases, AE tokens are based on public receipts. 82% of primary tokens are divided among contributors. 1% is dedicated to Bitcoin and Ethereum holders that will be available at the time of the implementation of the aeternity block; this will allow all BTC or ETH holders to be automatically considered as AE holders, even though their AEs are highly Will be low.
What is Rootstock?
12 hours ago
haji 50 in blockchain
What is Rootstock?
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Rootstock or RSK is the first platform for open source smart contracting that rewards developers by extracting mergers and allows them to effectively participate in intelligent contract revolutions.
The RSK's goal is to increase the value and efficiency of the bitcoin ecosystem by making it possible to build smart layouts and instantaneous payments and more scalability.
The project is designed to follow the following principles:
Along with Bitcoin
Due to their trust in the group and their interest in the Bitcoin community, they are trying to keep pace with the leading people in Bitcoin. The website of the project writes that the RSK will meet the technical needs so that all the power and potential of Bitcoin can be used and able to grow.
Since the RSK does not produce Quinny and does not have pre-extracted Quinn, it does not compete with Bitcoin. The platform uses Bitcoin as its local currency. A 2Way Peg between the Blockacin Bitcoin and the RSK Blockchin ensures a constant connection between the two. (Each 1 SBTC is equivalent to 1 BTC)
2Way Peg
2Way Peg is a method commonly used to convert BTC to SBTC or vice versa. When the BTC is converted to SBTC, in fact, no currency is exchanged between blockshocks. No transaction does not do this. This is because Bitcoin can not validate the account in another block. When the user wants to convert the BTC to the SBTC, the BTC will be "locked" in the bitcoin blockkit and, to the same extent, the SBTC will be released in the RSK BlockConnection (it will be unlocked). Once the SBTC wants to turn into a BTC, the SBTC is locked again in the RSK BlockChink and the same amount is released by the BTC in Blockkin Bitcoin. A security protocol ensures that the same bitcoin can never be released at the same time in both blocks.
Security
RSK BlockChin Security is provided through the integration of extraction, which means that the RSK can have the same bitcoin security in terms of preventing double spending and other things.
RSK BlockChin uses a SHA256D proof of proof. This will allow Bitcoin extractors to simultaneously and with the same hardware they have in both extraction chains, without compromising the bitcoin extraction efficiency.
But the question is, why could the bitcoin extractors want to extract the RSK chain? The mining extraction function allows Bitcoin extractors to extract extra chains at no additional cost. This makes it possible to earn more money in terms of fees and can also engage in smart contract business.
Scalability
The RSK in its present state can be much more scalable than Bitcoin. The RSK can manage as much as 100 transactions per second (equivalent to the current Paypal level).
The ultimate goal of the RSK in the negotiation of transactions is to reach 200,000 transactions per second using its Lumino technology, which is a second layer that will be deployed on the next release of the RSK.
Instant payments
Since the creation of Bitcoin, there has been competition for quicker transaction approvals. Instant and quick payments can create new uses such as buying from retailers or performing online transactions. RSK use of new parameters and protocols (such as DECOR + GHOST) allows one block to be generated on an average every 10 seconds.
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