Aeternity is the current therapy to the challenges in Blockchain technology
One of the best or unique attribute of block chain is that, because it is decentralized system that existed between all permitted parties , as the role of intermediate or third party is not any more so it saves your money which you have to pay for the service of middle man if present and also saves your money and chance of conflict.in fact one of the most important and remarkable aspect of aeternity is to provide trust especially decentralized trust which is used in financial transactions.
The decentralized oracle provides a platform for all users to settle their matters in a reasonable way. A two-way discussion channel which provide an opportunity and a perfect platform to users to interact with each other, this discussion channel is between users or between a user and a service. In this area transaction take place between users, for instance “I want to buy a cell phone for $40 or I want to rent this camera for $5 a day and these transaction take place off the block chain and between users solely. Aeternity provide computer protocol facility which is self-executing contractual states that verify and enforce the negotiation of a contract between users. It automatically enforces certain obligations to determine whether an asset should go to one person or retuned to the other person from whom the asset originated. The role of lawyer could also shift in the future as a smart contract gain traction, so it’s a breakthrough.
Consensus:
Aeternity provide an opportunity of consensus via the medium of Prof of work and proof of stake. Both are problem solving operators aims to achieve attributed consensus. These two problem solving operators have different mechanism of operation but both intended to serve as helping hand for reaching consensus on block chain. The cuckoo cycle PoW is more power efficient as it is only based on memory and do not required advanced PCs and high power consumption and you can use it on your smartphone.
Unique Governance:
Aeternity implement a form of government in which we would vote on values, but bet on beliefs. Those elected as a represented member would implement policies which raise national welfare. It’s an untried form of government intended to address encounter in democracy. When a betting market clearly estimates that a proposed policy would increase expected national welfare, that proposal becomes law.
Privacy:
Privacy protect us from abuses those in power. Aeternity vows to provide privacy for its user. Watching online transfer of funds is obviously unreasonable as it compromise the individual's privacy. And this is against human rights as every individual who born has inherent right on its freedom and no one snatch it form any one.Privacy also made individual respect and dignity to be unharmed Moreover, many users have issues regarding want s their transactions and reluctant to share them with public or not want to recorded in public so aeternity provide the haven in this regard.
Security:
Aeternity provide security to its user, for this aeternity uses simple smart courts to collect ETh and manage them.AE token will be created and given to users and in this way, it contributes to development of aeternity.
Low cost:
Leverage on state channels by running smart contracts by low transaction cost provide new form of monetization by taking these things under legal umbrella.
Quick Links:
· 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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