Aeternity (AE) is a blockchain technology which aims to improve upon the competition by being faster, more secure, highly efficient and globally scalable. Similar to Ethereum in its implementation the technology revolves around smart contracts; building and running applications on the blockchain. Aeternity introduces state channels which allows applications to run off-chain and only communicate with the public blockchain if a dispute occurs.

Why Aeternity

• Smart contracts only communicate with the public ledger in the case of a disagreement, allowing businesses and users to maintain privacy of sensitive information
• Lower cost transactions than others through the flexibility/ability of state channels to reduce contact with the blockchain
• Unique Proof of Work (PoW), Proof of Stake (PoS) hybrid algorithm which reduces the need for power hungry, expensive mining equipment and allows the currency to become truly decentralised. Even smart phones can effectively mine tokens with the Aeternity mining algorithm

Aeternity has the potential to solve real problems in the cryptocurrency world. It introduces unique innovations which could change the way we utilise blockchain technology. It’s governance system gives the power of the network back to the users which has always been the original intention of blockchain technology.

Aeternity’s flexibility and usefulness provide a strong case for its future moving forward.