Aeternity is used for solving multiple problems in the domain of cryptocurrency and can also be leveraged to serve a wide spectrum of purposes. It has been designed to deal with issues faced by users of Ethereum and Bitcoin particularly in the execution and storage of smart contracts. The highly scalable platform of blockchain protocol distinguishes the Crypto from other currencies in addition to its enhanced efficiency, thanks to consensus mechanisms adopted by AE. The sophisticated mechanisms are built to prevent users from deceiving the system. Aeternity facilitates token transfer via smart contracts that consist of precise solutions to an oracle.
Aeternity has an aristocratic background with association of Yanislav Malahov who happens to be its founder and who is better known as Godfather of Ethereum in the universe of Cryptocurrency. Aeternity is a relatively new cryptocurrency as its development began during initial period of 2017 with launching of its testnet system. Aeternity continues to be developed even post launch. The system will undergo a comprehensive security audit before end of the year 2017 following which it will be positioned in the mainstream.
The principal objective of Aeternity is to use faster smart contracts for offering solution to issues that are common with Ethereum blockchain. The process of solving problems begins with dealing with issues of decentralized providers, management of tokens, and scalability among others. Aeternity possesses advanced cryptographic data-structures backed by unrivalled decentralization systems for seamless efficiency to mitigate all events of single point failure. The cost efficient transactions supported by Aeternity are supported by Turing-complete blockchain for remarkable efficiency. The entire ecosystem of Aeternity is designed to bring technology closer to society. In order to facilitate a mobile first approach coupled with web-browser integration, Aeternity lays great emphasis on these factors to promote blockchain technology to the further level of adoption. Applications on Aeternity platform are fuelled by AE, which are access tokens and are designed to account for resource spending on the platform of Aeternity. Aeternity essentially supports every application that requires significantly higher speed of transactions.
Aeternity enables trustless exchanges by supporting smooth transfer of tokens across different blockchain projects. Many different types of Cryptocurrencies can be swapped without hassles via cross chain as well as atomic swaps such as BTC and AE. Aeternity is supported by a long list of exchanges including Gate, Liqui, Mercatox, Hitbtc, and Ether delta to name a few.
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