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Aeternity Price: $0.548158 -0.27%
What is Aeternity?
Aeternity is a decentralized ? pps platform. It climbs through state channels which run intelligent contracts. It introduces a language which allows to write code that is easier, safer and supports proper verification. Contracts were compiled by the VM accommodates. Aeternity uses an ASIC-resistant, memory-bound Proof-of-Work (PoW) with less than 15 minutes block time. It includes an integrated naming system and oracles, which might be utilized to access and ask information.
All components are native characteristics of this Aeternity system. They aren't meta layers on top of a blockchain (like Lightning, Raiden, Oraclize), but parts of the core protocol. This ensures unmatched efficiency and significantly reduces the expense of making lightning trades and running contracts.
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