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Æternity (AE) Price Today, Live Chart & History

1700Æternity
AE
Buy Æternity
Sell Æternity
$ 0.019265
0.00000021 BTC
Marketcap
$ 7,418,949
Volume (24h)
$ 706,546
Circulating Supply
385,106,898 AE
Total Supply
536,306,702 AE

 

Æternity (AE) Price Chart

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Æternity (AE) Price History

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Æternity (AE) to USD Converter

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What is Æternity?

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.

While Æternity offers many opportunities for investment and transactions, there are many other cryptocurrencies available that could align more closely with your specific needs. Whether you’re looking to diversify your portfolio or just getting started, we encourage you to check out our guide on the best crypto to buy now.

Additionally, to enhance your cryptocurrency management experience, consider reading our guides on the best crypto wallet and the best crypto app.

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