Aeternity is a new blockchain designed for fast and secure smart contracts interfacing with real-world data via a decentralized oracle.
Scalability is achieved by using (trustless) Turing-complete state channels, a major difference to Ethereum. This way the smart contracts also become easier to analyze and more secure.
The interface to real-world data is done via an innovative oracle design, which is based on prediction markets.
State channels increase scalability since all transactions become independent and can thus be processed in parallel. Additionally, this means that contracts never write to shared state, greatly simplifying their testing and verification.
Aeternity will be powered by the Aeternity token (AE symbol, also ‘?on’). Aeternity tokens are used as payment for any resources one consumes on the platform, as well as the basis for applications implemented on the platform.
English name of Token: Aeternity
Ticker of Token: AE
Chinese name of Token: 阿姨币
Country of Incorporation: Bulgaria
Investors: Yanislav Malahov
This document is compiled from the official whitepaper and relevant documents provided by the token team, to provide investors an overview of the token. The information in this document is collected through formal legal channels. We make every effort to provide complete and accurate information. However, we do not guarantee accuracy, completeness, timeliness or correct sequencing of the information. This information is not to be regarded as investment advice, or legal proof, or evidence.