Aeternity

What is Aeternity?

Engineered to scale and last, Aeternity is an easily accessible blockchain platform for the global public. With numerous innovative functionalities and performance far ahead of earlier blockchains, Aeternity allows its users and community to seamlessly venture into the new era of society, economy, and digital interactions.

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Recent Video Interview

Main points of the interview:

• Vianoslav Malahov, founder of Æternity Blockchain, shared his journey from computer science to blockchain innovation.
• Æternity's technological advancements, including State Channels, built-in naming systems, and oracles.
• The importance of proof-of-work for security and scalability.
• Æternity aims to offer user-friendly tools for token creation and decentralized application development.

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What Sets Aeternity Apart?

• Hyperchains: With the Aeternity Hyperchains consensus upgrade (coming soon via governance), Aeternity mainnet will be able to scale further on-chain as well as allow everyone to launch their own private (or public) Aeternity-style sidechain without asking anyone for permission.
• Smart Contracts with Sophia: Sophia is a typed functional programming language in the ML family that makes it easier to write correct programs via minimizing side-effects and the usage of formal methods for verification.
• Advanced State Channels Technology: State Channels make it possible to execute smart contracts off-chain, accommodating huge numbers of instant and private transactions without compromising on the security of a public blockchain.
• AENS: DOT CHAIN NAMES: The Aeternity Naming System (AENS) uses human-meaningful names (NFTs) instead of cryptic addresses for accounts, making blockchain technology more accessible, less prone to errors, and human-friendly.
• FATE VM: The Fast Aeternity Transaction Engine (FATE VM) uses a higher level of abstraction and automatically minimizes error with type checking, delivering a simpler, easier, safer programming environment.
• Interoperable On-Chain Oracles: Oracles are managed by special types of transactions, empowering blockchain apps with real-world data, improving security, reducing cost, and eliminating the need for third-party solutions.

Why Aeternity?

In a nutshell, Aeternity offers a powerful, scalable, and secure platform at virtually every level, and it’s poised to become even better with upcoming features like Hyperchains. It boasts technical advantages such as no scaling limits with built-in trustless, off-chain state channels, highest security standards with a type-safe VM and functional smart contracts, lightning-fast microblock confirmation times, low on-chain fees, a built-in naming system for human-readable names, built-in oracles for accessing external APIs and real-world data, and readiness for zero-knowledge proofs. Additionally, it supports generalized accounts, multi-signature functionalities, and is governed transparently by its community.

Aeternity’s Technical Advantages

Building on Aeternity offers a myriad of advantages. Firstly, its State Channels eliminate scaling limitations, enabling seamless scalability in all directions. Secondly, Aeternity boasts the highest security standards, ensured by the FATE VM and Sophia, fostering a safer programming environment. Moreover, its microblock confirmation times, averaging under 3 seconds, ensure swift transaction processing.

Additionally, Aeternity features low on-chain fees, facilitated by optimized transaction types, enhancing cost-effectiveness. Its human-readable naming system enhances accessibility, simplifying blockchain interaction. Furthermore, Aeternity's built-in Oracles enrich blockchain applications with real-world data. It's also actively progressing towards implementing zero-knowledge proofs for enhanced privacy.

With features like generalized accounts and multi-signature functionalities, Aeternity offers transaction integrity and flexibility. Lastly, its Sophia smart contract language, tailored for blockchain development, ensures strong typing and restricted mutable state, facilitating efficient and secure smart contract deployment.

Team Background

Founded in 2016 by Yanislav Malahov, the Aeternity blockchain project emerged from a vision for a fairer Internet, underpinned by scalable, open-source, and cryptographic software, emphasizing technical prowess. The Aeternity blockchain debuted as the public mainnet in 2018, fostering a vibrant community of supporters, backed by the Aeternity Crypto Foundation.

Project Development

Over the past four years, the Aeternity ecosystem has been marked by continuous innovation, driven by community members' fresh ideas on leveraging the Aeternity Blockchain for diverse applications. Today, a selection of these innovative projects, fueled by the Aeternity Blockchain, are showcased, fostering connections among developers, enthusiasts, and forward-thinking individuals. As the ecosystem evolves, let's delve into some standout projects:

Box æpp: A multifunctional æpp serving as a robust AE wallet, granting access to the Aeternity naming system (AENS), facilitating DeFi use cases, and enabling seamless swapping of AEX-9 tokens. It also offers access to games, smart contracts, instant messaging, data links, and more.

• Graffiti æpp: Allows users to transform pictures into unique artistic styles directly on the blockchain, preserving them forever in a decentralized manner.
• Superhero Wallet: Facilitates storage and withdrawal of AE coins and AEX-9 tokens, enables community voting, and offers feeless, commission-free crypto transfers.
• Superhero DEX: A decentralized exchange powered by the Aeternity Blockchain, featuring virtually no fees, no KYC procedures, and non-custodial control over funds.
• Hypersign: An authentication and wallet solution leveraging the Aeternity Blockchain and machine learning to prioritize trust and transparency.
• HomePort: Empowers users to create a decentralized ground station and space data network, optimizing satellite fleet performance and enhancing data session scheduling.
• Venly: Simplifies blockchain product development with wallet solutions, NFT management, and a marketplace.
• ÆyeWitness: Combines blockchain technology with image storage and verification, ensuring secure and authentic image preservation with distributed storage infrastructure.

Aeternity Price Analysis

As of November 24 2024 Aeternity has a marketcap of $14M. This is {{percentagefromath}} from its all time high of $5.69. In terms of its tokenomics, there's a total supply of 536M with 80% currently outstanding. Keep in mind Aeternity has a fully diluted value of $18M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.