Aeternity was launched in 2016 by Yanislav Malahov, the German computer scientist "Godfather of Ethereum" and Jack Pettersson, former Augur core developer Zack Hess and former Synereo core developer Jack Pettersson. The underlying protocol of the contract. The technical highlights of Aeternity are Turing-complete state channels (State Channels) and decentralized oracles.

æternity is a modular blockchain network that uses state channels for scalability, tailored for smart contracts that interact with real-world data through oracles. aeternity is committed to building an all-round platform that can support many æpps, and identity management and proof of existence æpps are just the first step they have taken.

AE oracle processing flow

Project Highlights

State Channels
Æternity's smart contracts are purely functional options that exist only in state channels. Users only interact on sidechains. Only when there is disagreement, the code, the smart contract will involve the blockchain. The whole model is like a digital court with the ability to adjudicate itself.

The state channel used by AE can have many side chains outside the main chain. The side chain is the state channel. Smart contracts and transactions are run in this state channel, and finally the results are stored on the main chain. Each side chain can handle dozens of transactions, and the side chain can be expanded infinitely, so that the process of processing transactions under the chain is realized, and only the results are saved on the chain. When there is doubt, the intermediate process can also be submitted to on the main chain. Since the transaction results are processed off-chain, AE also provides privacy very well. There is no record of the transaction parties on the chain, only the final result is stored.

Decentralized Oracles
Oracles enable the link between real-world data and smart contracts. Oracles are more powerful than Turing-complete computing models.

Consensus
"The aeternity blockchain achieves consensus in a creative way by combining a dual algorithm of proof-of-work and proof-of-stake."

Unique technical governance
aeternity brings about a future society where absentees will vote and value holders will make decisions together.

Privacy
Many business applications do not need to record transactions on a public ledger. Aeternity’s smart contracts, which involve the blockchain only when consensus cannot be reached, operate like digital courts with discretionary powers.

Security
The top data encryption structure and extreme decentralization bring high efficiency and eliminate the possibility of failure.

Low cost
The state channel in the aeternity blockchain is the default way for smart contracts to operate, so aeternity will become the most efficient Turing-complete blockchain, which also makes the low cost The tokenization of the form becomes possible.

Application scenario

Fund Incubator
aeternity will set up a foundation to help developers, entrepreneurs and start-ups who develop open source projects on aeternity.

Applications
When the aeternity platform is released, important open source applications will also be delivered. This allows people to actually use blockchain technology from the very beginning. See our white paper for more information on the application.

Audience
aeternity emphasizes the integration of web browsers and mobile-first, which will allow more people to accept aeternity.

Meetings and Conferences
We organize meetups and conferences around the world.

Education
On the technical side, aeternity will provide developer training salons and mentors to bring everyone closer to technology. For those companies and individuals who are interested in aeternity, aeternity will provide support.

Research and Academics
aeternity will continue to research the most cutting-edge technical standards and expand our cooperation with international scientific research institutions so that aeternity's technology will keep pace with the times and be more secure. Some collaborations will be officially announced later.
 
机构
aeternity区块链背后是aeternity机构，位于列支敦士登。 Ongoing communication with regulators is critical to ensure that the aeternity project remains within the legal framework.