Aeternity (AE) Price

Aeternity (AE) is a blockchain protocol that simply provides high-speed transactions, highly functional smart contracts, and decentralized oracles. Aeternity oracle system integrates real-world and real-time information with blockchain. The protocol also runs off-chain calculation which helps to improve the performance of the protocol. Aeternity's main focus is to provide real-world data.

When was Aeternity (AE) Launched

Aeternity (AE) was launched in 2017 by Nikola Stojanow and Yanislav Malahov. The platform aids fast transactions, is scalable, and supports functional smart contracts. Aeternity is open source and allows users to launch their Aeternity-style sidechain without seeking permission. Each hyperchain is secured by Aeternity hyperchain consensus that piggybacks on the Proof of Work (PoW) of the Bitcoin blockchain to create a tamper-proof random number.

How does Aeternity (AE) work

Aeternity (AE) was launched as part of the innovation in the crypto space to eliminate the inefficiencies experienced in the crypto market, especially with the scalability of smart contracts and decentralized applications (dAPPs). Aeternity is simply a blockchain protocol for secure, scalable, and decentralized dAPPs.

It is also an accessible blockchain platform for the public which is engineered for scalability and longevity. Aeternity (AE) unlike the early blockchain networks is embedded with numerous innovative functionalities and performances that put it in a league of its own.

Aeternit offers users the opportunity to transition into the new era of society, economy, and digital interaction seamlessly.

Aeternity is designed to set the pace for other emerging blockchain networks and also to be fault-tolerant, perfect for cases, and able to process billions of transactions without glitches.