Aeternity blockchain

1
Aeternity Blockchain

• www.bitdeal.net

2
Introduction

• As many blockchains and tokens coming onto the
  market in recent years, it finds hard to stand
  out from the rest of the crowd. Many
  cryptocurrency and blockchains try to find a
  niche that has not been exploited yet, by which
  they can find their own corner of the market to
  become visibility without facing any competition.

3
What is Aeternity ?

• Aeternity is a blockchain network which allows
  for hosting smart contracts and dapp developments
  off the main network that makes it runs faster.
  Aeternity blockchain runs faster and seems to be
  more energy efficient than competing blockchains.
  It mainly deals with the scalability and offering
  extra securities for both smart contracts and
  dapps.
• Aeternity Blockchain includes a "Decentralized
  Oracle Machine" that brings in data from outside
  sources to be used in smart contracts.

4
Origin of Aeternity

• Aeternity was founded in 2017 by Yanislav
  Malahov, who famously calls himself the
  Godfather of Ethereum. He actually worked a lot
  for Ethereum, before it was named and he
  disagreed the process of ethereum. So, he started
  his own project under the name called "
  Aeternity " which had its white paper and initial
  coin offerings in April 2017.
• The mainnet of Aeternity know as " ROMA " was
  launched in November 2018.

5
Special Features of Aeternity

• State Channels
• Smart contracts are built into the blockchain
  which takes up a lot of space and slows down.
  total working of blockchain. Aeternity network
  has solved the above issues by allowing smart
  contracts to place off the blockchain, or
  off-chain. The smart contracts are placed on
  the blockchain only in case of a dispute,
  allowing us to hide contracts that we need to
  hidden.
• Aeternity blockchain provides faster service and
  increased security which many of its competitors
  fails to provide.

6
Special Features of Aeternity

• Consensus Algorithm
• Aeternity blockchain uses a " Hybrid Proof of
  Work and Proof of Stake " consensus algorithm. We
  already know that Proof of Work requires high
  computational power, which results in a high
  consumption of electricity. PoW allows people to
  gain a chance for minning only when they have the
  most powerful computers.
• Instead, Aeternity network uses the " Cuckoo
  cycle " that works on depending on computer
  memory bandwidth. This allows any laptops to
  tablets to mine AE tokens.

7
Special Features of Aeternity

• Governance
• Aeternity blockchain governs the whole network by
  giving all stakeholder to know about in what
  happening inside the blockchain network. The more
  tokens or coins you have, the more weight or
  power you carry in the network.
• Oracles
• Aeternity blockchain aims at building a
  real-world data for smart contracts. For Example,
  Some contracts require outside informations to be
  fulfilled such as weather, share price and so on.
  

8
Smart Contracts on Aeternity

• Aeternity blockchain includes more features that
  set it apart from all other smart contracts and
  dapp blockchain platforms. It involves an Oracle
  Machine that brings data into the network from
  outside sources. This platform allows for the
  development of functional smart contracts and
  doesn't support for stateful programming.
• Aeternity blockchain's smart contract runs in a
  language called Chalang that compiles to
  bytecode. To make, the process of building smart
  contracts on aeternity as developer-friendly, the
  team of aeternity is planning for creating JS
  libraries and JSON APIs for web development

9
DApps on Aeternity

• The DApps developed on aeternity blockchain are
  called as "aepps" which are open source
  applications. Aeternity always prioritizes the
  mobile design and user interface or user
  experience while developing decentralized
  application on its platform.Building useful aepps
  from day one is the focus of Aeternity to
  establish a foothold in the crowded DApps
  platform race

10
Competitors Of Aeternity

• Aeternity is in direct competition with the
  biggest smart contract blockchain on the market,
  Ethereum. Other blockchain platforms like
  TRON,LISK, EOS which are used for deploying smart
  contracts and dapps competed with Aeternity.
• To know extra informations about the features of
  aeternity blockchain, building of smart contracts
  and eapps on aeternity blockchain and its future
  scope, refer the article
• What is aeternity blockchain?