Topic: [ANN] æternity blockchain ∞ AE TOKEN ∞ [PoW & PoS | Oracles | Smart Contracts] - page 320. (Read 274573 times)

æternity is a new blockchain - designed for fast and secure smart contracts interfacing with real-world data via a decentralized
oracle.

Scalability is achieved by using (trustless) Turing-complete state channels, a major difference to Ethereum. This way the
smart contracts also become easier to analyze and more secure.

The interface to real-world data is done via an innovative oracle design, which is based on prediction markets.

State channels increase scalability since all transactions become independent and can thus be processed in parallel. Additionally,
this means that contracts never write to shared state, greatly simplifying their testing and verification.

æternity will be powered by the æternity token - AE symbol.

æternity tokens are used as payment for any resources one consumes on the platform, as well as the basis for applications implemented
on the platform.
The distribution of æternity token [AE] in the genesis block will be determined by a smart contract hosted on Ethereum.

æternity tokens will be managed by accounts which will have an address and balance, implemented alongside a alias (naming) system
which will support human-friendly names mapped to an aeternity address.

æternity identities are essentially a triple of (pubkey, hash, name). Pubkey from the account, name from the alias and hash
linking to further data, e.g. on IPFS.

Contribution campaign starts April 3rd, 13:05 GMT and will last for 3 days - until April 6th, 13:05 GMT. More details here.