æternity powers Turing-complete smart contracts that allow the execution of credible transactions without third parties and intermediaries.
The consensus is achieved via a novel hybrid Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithm.
State channels make it possible to execute smart contracts off-chain. The blockchain enforces the smart contract code, only in the case of a disagreement between the contracting parties.
An oracle connects real-world data with smart contracts. æternity’s oracles are truly first-class objects on the blockchain.
æternity is governed by its stakeholders, meaning that miners, token-holders and other participants with a stake in the blockchain have the ability to make decisions together on proposed changes.
Naming System enables user-friendly identities for blockchain entities, such as user accounts, oracles, contracts, etc.
For many business applications, it’s crucial to have transactions which are not recorded in public. Smart contracts executed in state channels touch the blockchain only in the case of disagreement, acting like a self-arbitrating crypto court.
State-of-the-art cryptographic data structures and unparalleled decentralization provide robust efficiency and eliminate “single point of failure” (SPOF) issues.
By leveraging state channels as the default way to run smart contracts, æternity becomes the most efficient Turing-complete blockchain and thus enables new forms of commerce via its low-cost transactions.
The æternity ecosystem
Bridging the gap between technology and society.
æternity has spun off a foundation to support open-source developers, entrepreneurs and young businesses who build their projects on æternity. æpps æternity will deliver essential open-source æpps with the launch of the platform. This brings us to the blockchain from day one.
æternity puts an emphasis on web technology and features a mobile-first approach, to bring blockchain technology to the next level of widespread adoption.
Meetups and Conferences
We are continuously organizing meetups and conferences for the community in numerous countries around the world.
On the technical side, æternity is beginning to provide workshops and tutorials, including those addressed to developers, to make the technology easily accessible. æternity supports both businesses and individuals who are interested in finding a fit for their use case.
Research & Academia
æternity is continuously researching the newest technological standards and continuously expanding cooperations with international research institutions, keeping the technology safe and up to date.
æternity blockchain is bootstraped by æternity establishment and incorporated in the Principality of Liechtenstein. Ongoing communication with related regulatory institutions is key to keeping blockchain technology and the æternity project in legally safe waters.
æternity is bootstrapping partnerships in different sectors to bring blockchain technology into real-world use.
What is æternity?
In very simple terms, æternity is a new blockchain platform, but it is also a vision for the future. This vision is being realized by a global community of believers, convinced of the disruptive potential of scalable, public blockchain technology. It is a movement that aims to propose alternatives to the existing governance, economic and financial intermediaries.
From a technological point of view, æternity is a public, open-source, blockchain-based distributed computing and digital-asset platform that builds upon decentralized cryptographic P2P technology. The platform is open to anyone, anywhere in the world to use.
What can the AE token be used for?
AE is the access tokens to the æternity blockchain and acts as a unit of account for the resources spent on æternity.
AE tokens are the energy (or “crypto-fuel”) used to power any application implemented on the platform. Every action (and even inaction) on the æternity platform costs something, even if only fractions of cents.
How to get involved?
AE are constantly on the lookout for new talent. Meaningful contributions to æternity’s GitHub or any other type of support are appreciated and will be rewarded. If you are an applications developer, go to dev.aepps.com.