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Aeternity (AE)

Blockchain Infrastructure

Overview

A scalable blockchain platform that enables high-speed transacting, purely-functional smart contracts, and decentralized oracles

Features

The AEternity keeps track of several predefined state components. The use of AEternity is not free, but requires that the user spends a token called AEON. AEON are used as payment for any resources one consumes on the platform, as well as the basis for financial applications implemented on the platform.

    Each AEternity account has an address and a balance of AEON and also a nonce which increases with every transaction and the height of its last update. Each AEternity account also has to pay a small fee for the amount of time it is open.

    The AEternity features a name system that is both decentralized and secure, while still supporting human-friendly names. The AEternity includes a mapping from unique human-friendly strings to fixed-size byte arrays. These names can be used to point to things such as account addresses on AEternity, or hashes.

    Despite that the only state that can be settled on-chain is a transfer of AEON, AEternity still features a Turing-complete virtual machine that can run “smart contracts”. Contracts on AEternity are strictly agreements that distribute funds according to some rules, which stands in stark contrast to the entity-like contracts of e.g. Ethereum.

Technical Details

Uses a hybrid Proof-of-Work and Proof-of-Stake consensus mechanism. Consensus mechanism features a decentralized oracle. Transaction speed: About 32 transactions per second. Block size: 1 megabyte. Can be changed by user consensus. Core blockchain code: Written in industry-grade programming language Erlang Smart-contracts: Written in Chalang (almost identical to Ethereum smart-contracts language) Smart-contract state: Off-chain (in state channels) Transactions: Executed primarily off-chain (in state channels). Settlement on-chain after channel is closed.

Crowdsale

ICO
ICO start date 25 May 2017
ICO end date 10 Jun 2017
Raised 24,426,689 USD
Legal
ICO Platform No
Token details
Ticker AE
Additional Token Emission No
Token distribution

No token cap. Crowdsale token distribution: 82% - to the contributors; 1% - to people who hold BTC or ETH, accessible when the blockchain launches; 17% - to Æternity’s legal entity Aeternity Anstalt, the foundation and the founding team

Team members

Name
Position
ICO
Social
CHINA ADVISOR Member of 5 ICOs
TECHNICAL BLOCKCHAIN ADVISOR Member of 3 ICOs
BUSINESS DEVELOPMENT Member of 3 ICOs
PROJECT MANAGEMENT Member of 2 ICOs
MARKETING & COMMUNITY Member of 2 ICOs
CRYPTO TECH ADVISOR Member of 2 ICOs
MARKETING & OPERATIONS Member of this ICO only
SENIOR ERLANG ARCHITECT Member of this ICO only
DESIGN DIRECTOR Member of this ICO only
FOUNDER Member of this ICO only
TECHNICAL LEAD Member of this ICO only
ADVISOR ON POW "CUCKOO CYCLE" Member of this ICO only
HEAD OF ACCOUNTING Member of this ICO only

Funding Rounds

Development

Pre-Launch
Launch
Custom blockchain
Testnet
Mainnet
NA NA Yes Done Aug 2018

Rating Review and Analytics

Investment rating Info NA
Hype score Info NA
Risk score Info NA

Trading

(AE)
$0.3
4.63% 24H
ETH
return 2.32x
Start ICO 25 May 2017
End ICO 10 Jun 2017
Token AE
Price 1 AE = 0.3 USD
MVP No
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