What's so special about Aeternity?

in #aeternity7 years ago

People occasionally ask for a concise summary of what is unique and special about Aeternity. These are the big hitters in my opinion. Please point out anything else I may have missed.

Aeternity is a groundbreaking blockchain platform that combines several state of the art solutions to the most notable failures of it’s predecessors of the past few years:

  1. Scalability - Ethereum is not currently a globally scalable system, and will require risky protocol changes that affect the fundamentals of the system to become globally scalable. Aeternity offers faster transactions and instant verification by using a new consensus protocol and keeping smart contract state off the blockchain (state channels).

  2. Integrated governance mechanism for consensus-based development of the protocol

  3. Information gateways (Oracles) to interface with, and feed data from the real world (Potential catalyst to mass adoption - many cryptocurrencies are closed systems)

  4. A more energy efficient (cookoo-cycle) mining algorithm that will can run on smart phones while they are charging overnight. This algorithm also changes the incentive behind mining to be more analogous to a lottery.

  5. Decentralised prediction market integration, which is also leveraged as part of the governance mechanism

  6. Mobile-first approach - part of the mass adoption strategy

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Good job!AE is Amazing project

All fancy stuff. The team can't deliver. However blockchain is a new concept which is still being developed.