Aeternity Offers Securer, Cheaper and More Scalable Access to Smart Contract Platform
Blockchain as a purely decentralized platform has offered unprecedented efficiency and security in terms of the democratization of the processing of various endeavors running on a network, ranging from activities on personal level to complex managerial tasks in government and corporate level. The rising of blockchain is so massive that it is often comparable with the rising of internet. Beginning as a backbone platform for digital currency called Bitcoin, blockchain has evolved to be an incorruptible digital ledger that records not only financial transactions, but also everything that has value. With blockchain, neither a central authority nor intermediaries are needed for those endeavors to accomplish.
About Æternity
Æternity is a new blockchain technology that is designed to offer a new smart contract platform with improved scalability, scripting safety and affordability. The award-winning smart contract platform is currently developed in Liechtenstein and plans to launch the sale of its tokens, called æon tokens, by the end of March. At the present, Æternity uses Ethereum-based tokens until the date Æternity will be functional.
Tokens are used as the platform’s currency. Users can use tokens to “pay for” every resource spent in the platform and consequently to power up all applications implemented on the platform. Tokens are transferable using the platform’s smart contracts.
Although the platform still uses Ethereum’s assets, including Ethereum-created tokens and Ethereum-hosted smart contracts to determine the distribution of its æon tokens, Æternity is designed to offer a more enhanced blockchain environment compared to its precursors, including Ethereum. The developers stated that Æternity is built from scratch and is designed to surpass its competitors, including Ethereum, Truthcoin, GroupGnosis, etc, by offering better decentralization, improved governance, improved scalability, enhanced scripting safety, and cheaper access to data.
The improved scalability feature of Æternity comes from its use of consensus mechanism to check the oracle. Oracle is an independent entity that uses API (ÆPI in Æternity’s glossary) to connect to the blockchain and to offer its data. With this mechanism, Æternity can guarantee the efficiency and scalability of its blockchain architecture.
One of the most powerful features of Æternity is its unprecedented use of integrated oracle and governance system in its perfectly decentralized platform. This integration ensures that decentralized prediction markets on a global scale can efficiently accomplish. This breakthrough is definitely an advantage for organizations that have been relying on blockchain. Any industries that can benefit from the use of blockchain, such as insurance, game and crowdfunding, will find Æternity the most reliable platform to carry out their endeavors.
Hang out :
Facebook : https://www.facebook.com/aeternityproject
Twitter : https://twitter.com/aetrnty
Github : https://github.com/aeternity
Reddit : https://www.reddit.com/r/Aeternity
Slack : https://slack.aeternity.com
Bitcointalk : https://bitcointalk.org/index.php?topic=1733140.0
Author: Jian_Liux
ETH: 0x5ca93D0E9D26EEF06Fcfc36244e4017DF3CFb478
