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What is Aeternity?
Aeternity is a platform for developing smart contracts founded by Yanislav Malahov, one of the earliest members of the Ethereum team. It differentiates from other platforms which do the same by running smart contracts on "state channels" instead of a blockchain. Smart contracts are normally signed and then executed and verified peer-to-peer. In case of conflict, Aeternity's blockchain can check them for correctness. This relieves the blockchain from congestion and, besides providing privacy for the contractors and reducing costs, it also solves most part of the scalability problem currently afflicting most major smart contract platforms.
It also introduces oracles, which links smart contracts to real-world decision-makers. In many cases, smart contracts depend upon reporting facts which cannot be obtained purely by code, so human (or IoT) oracles are designated to stake their coins in such contracts' results, e.g.., weather conditions or election results.
The platform makes use of both PoS and PoW, although PoS is used exclusively for their delegated PoS-system. Authentication consensus is reached using an ASIC-resistant PoW system called Cuckoo Cycle in which even mobile devices are able to mine efficiently. Thus, Aeternity is a PoW blockchain with a dPoS system for governance.
Aeternity Market Price Ticker Chart
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Aeternity Frequenty Asked Questions
Where does Aeternity (AE) rank among in terms of popularity? How relevant is it compared to competitors?
In terms of popularity, Aeternity currently ranks in position 339 out of the top 1000 cryptocurrencies. Another important factor in popularity is Aeternity‘s market capitalization – in general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. Aeternity has a market cap of $ 118,387,985, which compares to Bitcoin (the most popular cryptocurrency by several metrics) with a market cap of $ 871,695,620,616, Litecoin at $ 19,862,589,776, Ethereum at $ 417,485,791,322, Tether at $ 58,354,142,064, and XRP at $ 67,223,794,128.
What is the price of Aeternity (AE) today (updated in realtime)?
The current price of Aeternity is $ 0.315652 in USD. (The price in Euros is 0,259884 €; and the price in Bitcoin is Ƀ 0.00000700 BTC.)
How has Aeternity (AE) performed recently?
Aeternity‘s price has increased in the last 24 hours by 3.00%. The change in price over the last seven days was -15.50%. The trading volume over the last 24 hours was $ 23,996,991. Trading volume indicates how many units of a currency are being bought and sold on specific exchanges. High trading volumes are likely to drive more on-chain activity, for example when people deposit and withdraw funds, and it is considered a good indicator of popular interest in the currency.
What is Aeternity‘s (AE) market supply?
The total circulating (available) supply of Aeternity is 382,610,056 AE. The total supply of Aeternity is 536,306,702 AE.
What is the 24 hour volume for Aeternity (AE)?
The 24 hour volume of Aeternity is $ 23,996,991.
What is Aeternity (AE) official website?
Aeternity‘s official website, social accounts, blockchain explorer, and Github repository if applicable.
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