Aeternity Blockchain: A step toward perfection.
The founders of æternity believe in never ceasing evolution of systems and society. Æternity provides innovation which is capable of mass adaption.
Decentralized authority is used for computing the data of smart contracts to real world. æternity is a new blockchain. Architecture of this blockchain is; ascendible, manageable, and scriptable. The blockchain is made up off Erlang which built the chain form scraps and is easy to write on it and distribution and fault finding is also very easy.Because the Erlang write the block chian from scraps so causes the block chain to increase its performance and stability. . Aternity technology has two qualities; free to use, easy to incorporated. Easy implementation in block-chain syndicates and open and free access enabling developers to build on the aeternity allowed by MIT-licensed modules. Cross-chain atomic swaps do the rest. Turing has complete state channels, having smart contracts secure and analyzable along with making it it different from Ethereum. Scalalibilty is achieved through Turing.
State Channels:
Computing with real world is done through innovative authority design, based upon prediction market. Participants can make unlimited transactions within less than seconds. Participants can make high volume transactions. State channels give their users high scale money transfer with extreme ease which are pure in functions and can be verified easily. Large output of money is supported by effortless state channels. This technology is innovative and efficient in a way that all sort of settlements between the users are taking place off-chain. This enable these blockchain to be a sort of court in which problems related to crypto currency are solved.
Decentralized Oracles:
This oracle provides public data which can’t be falsified. It works per public data. Business application require election results, asset prices like gold, weather conditions, which play an important role. As compared to other oracles æternity is decentralized which suitable because it isn’t a subject of single point failure. Agreement is obtained through hybrid Proof-of-work (PoW) and Proof-of-Stake (PoS) algorithm. Power efficient and useful "Cuckoo Cycle" PoW promotes the development of more efficient random access memory (DRAM) chips. One of the perk of this oracle is that tokens can be efficiently mined by using smartphones which is an unparalleled decentralization.
Proof-of-Stake is implemented via on-chain prediction markets. Unmatchable decentralization State-of-the-art cryptographic data structures provide efficiency and eliminate single-point-of-failure. Texted or coded contracts both have an important feature. Data from the real world is provided to blockchain by æternity oracle chain. Consensus machine playas role in case of any disagreement.
Unique Governance:
Prediction markets have been proven by science to be used for aggregating information. æternity has on-chain prediction markets that communicates available information to network to one single number lying between 0 and 1. This number signals miners telling about the version of block chain from which to mine. The oracle’s correctness is also checked from this governance. This mechanism also determines some block chain variables.
AE token:
Tokens for access to aeternity network are AE. They act as resource to spend on aeternity. Aeons act as energy resource for the applications present on platform. Smart contract on Ethereum determine initial amount of AE on genesis block.
Quick links:
You can also consult to aeternity whitepaper for further details and applications, or follow these links for further information;
· Official Website: http://www.aeternity.com
· Blog: https://blog.aeternity.com
· Announcement Thread: https://bitcointalk.org/index.php?topic=1733140.0
· Reddit: http://reddit.com/r/aeternity
. Facebook : https://www.facebook.com/aeternityproject
.Twitter : https://twitter.com/aetrnty
. Github : https://github.com/aeternity
. Whitepaper : https://blockchain.aeternity.com/æternity-blockchain-whitepaper.pdf
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