Aeternity (AE) Coin

aeternity logo

What is Aeternity (AE)?

Aeternity is a recently developed blockchain technology for decentralized apps. Its focus is on the scalability of smart contracts. Scalability is achieved by moving smart contracts of the blockchain and moving them in state channels which are private and only the parties involved in the contract are in the state channel.

How Does Aeternity (AE) Work?

Ethereum recognized scalability as a huge and common problem in cryptocurrency and put forward three ways to address this problem:

  • Increasing throughput with a different system;
  • Increasing throughput with shading by dividing transactions;
  • Moving smart contracts off the blockchain.

The third option is where Aeternity is specializing and this is its main aim.

  • State Channels: These are lines of communications between the parties involved in the contract. These are off-chain and much more private as well as efficient. If there’s a disagreement in the state channel it turns to the blockchain for a judgment. It remains private all the while and the blockchain cannot access the state channel’s information. There’s no benefit in ‘complaining’ to the blockchain as it’ll most likely accept the already given outcome.
  • The Oracle Machine: Many oracles of other blockchains tend to be centralized and easily hacked. Aeternity’s oracle machine has decentralized oracles which make the information unchangeable. Moreover, Aeternity has a prediction market where different users can bet the honesty of incoming data on.

Benefits of Aeternity (AE):

  • Aeternity respects your privacy so the transactions are very secure;
  • Aeternity’s members, including its stakeholders/token holders, are allowed to have a say in the decisions to be made;
  • Decentralised oracles;
  • Low costs for users by using state channels;
  • Holds meetings and workshops around the world;
  • Uses a hybrid of Proof-of-Work and Proof-of-Stake.

How to Setup Aeternity (AE)?

For storing your Aeternity coins, you first have to set up a MyEtherWallet which is a software wallet. You have to download a keystore file after which you will be given an unencrypted private key. After that, save your address as that is where your coins will be sent.

How Much Does Aeternity (AE) Cost?

1,83$ per coin.

How to Invest In Aeternity (AE)?

In case software wallets are too insecure for you, hardware wallets by Ledger and Trezor are recommended for storing cryptocurrencies.

Key Features of Aeternity (AE):

Aeternity also has a few features that make it different from other cryptocurrencies. For example, it has a decentralised oracle machine, which brings in information from outside to be used in smart contracts. It also makes use of prediction markets like the Augur cryptocurrency. Aeternity’s smart contracts make use of the language called Chalang. Aeternity’s token is called Aeon which was launched in 2017.

Aeternity (AE) Specification

Proof Type:

Start Date:

Total Supply:

Circulating Supply:

PoW/PoS

29/12/2016

273 685 830 AE

233 020 472 AE

Aeternity (AE) Roadmap

Q1-Q3 2017

STARTED

Development

Q1 2017

Testnet

LAUNCHED

Q1-Q2 2017

COMPLETED

Backing Campaign

Q3 2017

Build Essential Apps

Q1 2018

Security Audit

Q2 2018

Mainnet Launch

Aeternity (AE) Wallets

myetherwallet

MyEtherWallet

ledger

Ledger Nano S

trezor

Trezor

metamask

MetaMask

eidoo

Eidoo

parity

Parity

ethereum mist

Ethereum Mist DApp

guarda wallet

Guarda Mobile Wallet

guarda wallet

Guarda Multi-currency Web Wallet

lykke

Llykke Wallet

Aeternity (AE) Exchanges

binance

Binance

gate io

Gate.io

liqui

Liqui

idax

IDAX

ooobtc

OOOBTC

dragonex

DragonEX

coinbene

CoinBene

koinex

Koinex

mercatox

Mercatox

zb com

ZB.COM

hitbtc

HitBTC

latoken

LATOKEN

bigone

BigONE

otcbtc

OTCBTC

lykke

Lykke Exchange

abucoins

Abucoins

fatbtc

Fatbtc

Aeternity (AE)

Team of the Aeternity (AE)

Yanislav Malahov founder of aeternity

Yanislav Malahov

FOUNDER

Marion Vogel director of aeternity

Marion Vogel

DIRECTOR

Emin Mahrt coo of aeternity

Emin Mahrt

COO

Sergei Evdokimov developer of aeternity

Sergei Evdokimov, PhD

DEVELOPER

Nikola Stojanow cbdo of aeternity

Nikola Stojanow

CBDO

Erik Stenman erlang developer of aeternity

Erik Stenman, PhD

ERLANG DEVELOPER

Thomas Arts erlang developer of aeternity

Thomas Arts, PhD

ERLANG DEVELOPER

Hans Svensson erlang developer of aeternity

Hans Svensson, PhD

ERLANG DEVELOPER

Ulf Norell developer of aeternity

Ulf Norell, PhD

DEVELOPER

John Hughes developer of aeternity

John Hughes, PhD

DEVELOPER

Sascha Hanse lead engineer of aeternity

Sascha Hanse

LEAD ENGINEER

Michal Zajda erlang architect of aeternity

Michal Zajda

ERLANG ARCHITECT

Philipp Piwowarsky blockchain engineer of aeternity

Philipp Piwowarsky

BLOCKCHAIN ENGINEER

Ulf Wiger erlang developer of aeternity

Ulf Wiger

ERLANG DEVELOPER

Tobias Lindahl erlang developer of aeternity

Tobias Lindahl

ERLANG DEVELOPER

Luca Favatella erlang developer of aeternity

Luca Favatella

ERLANG DEVELOPER

Dimitar Ivanov erlang developer of aeternity

Dimitar Ivanov

ERLANG DEVELOPER

Vladislav Dramaliev marketing and community of aeternity

Vladislav Dramaliev

MARKETING & COMMUNITY

Emil Wagner aepps lead of aeternity

Emil Wagner

ÆPPS LEAD

Ray Jacobs aepp ux ui designer of aeternity

Ray Jacobs

ÆPP UX/UI DESIGNER

Stoyan Vasilev design consultant of aeternity

Stoyan Vasilev

DESIGN CONSULTANT

Shaleah Dawnyel content of aeternity

Shaleah Dawnyel

CONTENT

Alessandro De Carli technical blockchain advisor of aeternity

Alessandro De Carli

TECHNICAL BLOCKCHAIN ADVISOR

Lukas Benedix devop of aeternity

Lukas Benedix

DEVOP

Till Kolter developer of aeternity

Till Kolter

DEVELOPER

John Newby aepp developer of aeternity

John Newby

ÆPP DEVELOPER

Dincho Todorov devop of aeternity

Dincho Todorov

DEVOP

Nicholas Higgins community manager of aeternity

Nicholas Higgins

COMMUNITY MANAGER

Vanessa Guzmán hispanic community manager of aeternity

Vanessa Guzmán

HISPANIC COMMUNITY MANAGER

Yoanna Boncheva operations of aeternity

Yoanna Boncheva

OPERATIONS

Anton Andonov developer of aeternity

Anton Andonov

DEVELOPER

Nedelcho Delchev developer of aeternity

Nedelcho Delchev

DEVELOPER

Bozhidar Nikolov developer of aeternity

Bozhidar Nikolov

DEVELOPER

Dimitar Velev developer of aeternity

Dimitar Velev

DEVELOPER

Daniela Ivanova developer of aeternity

Daniela Ivanova

DEVELOPER

Samir Barguti developer of aeternity

Samir Barguti

DEVELOPER

Hristian Hristov developer of aeternity

Hristian Hristov

DEVELOPER

Ivan Todorov developer of aeternity

Ivan Todorov

DEVELOPER

Kristian Kirov developer of aeternity

Kristian Kirov

DEVELOPER

Nikolay Kolev developer of aeternity

Nikolay Kolev

DEVELOPER

Radostin Dimitrov developer of aeternity

Radostin Dimitrov

DEVELOPER

Georgi Spasov developer of aeternity

Georgi Spasov

DEVELOPER

Artur Kratt developer of aeternity

Artur Kratt

DEVELOPER

Vincent Zhou china advisor of aeternity

Vincent Zhou

CHINA ADVISOR

Steve Dakh crypto tech advisor of aeternity

Steve Dakh

CRYPTO TECH ADVISOR

John Tromp advisor on pow cuckoo-cycle of aeternity

John Tromp

ADVISOR ON POW “CUCKOO CYCLE”

Dominic Perini technical lead and scalability architect of aeternity

Dominic Perini

TECHNICAL LEAD AND SCALABILITY ARCHITECT

You open position of aeternity

You?

OPEN POSITION

Aeternity (AE) Explorer

Summary

Aeternity is expected to grow into a much more successful blockchain company because of its adventures in unchartered waters, i.e off-chain contracts. The developers still have a long way to go to make Aeternity a much better choice than other blockchain companies do.