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Aeternity (AE) is a blockchain platform founded in 2017. It focuses on high bandwidth transacting, purely-functional smart contracts, and decentralized oracles. Aeternity aims to increase scalability of smart contracts and dApps by eliminating inefficiencies in the crypto market. It achieves this through sharding, off-chain contract execution, and Turing-complete smart contracts that enable transaction execution without intermediaries. Aeternity also has state channels for off-chain smart contract settlements, acting as a self-arbitrating crypto court. The Aeternity blockchain utilizes state-of-the-art cryptographic data structures for robust efficiency, strong security, and the elimination of single point of failure issues.

Issue Time
1970/01/01
Initial Price
US $ 0.02082432
Circulation/Max
371.90M/536.30M
Dominance
0.00%
ROI -96.62%
$0.02082432$5.85588979
Low · 2023/08/172023/08/17 · High

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What is Aeternity?

Aeternity is a decentralized æpps platform. It scales through state channels that run smart contracts. It introduces a new language that supports formal verification and allows to write simpler, safer code. The VM accommodates compiled solidity contracts. Aeternity uses an ASIC-resistant, memory-bound Proof-of-Work (PoW) with less than 15 seconds block time. It features an integrated naming system and oracles, which could be used to request and access data from various data providers.Most importantly, all components are native features of the Aeternity system. They are not meta layers on top of a blockchain (like Lightning, Raiden, Oraclize), but parts of the core protocol. This ensures unmatched efficiency and significantly reduces the cost of running smart contracts and making lightning fast transactions.

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