The founders’ team consists of professionals, headed by Yanoslav Malakhov. The company was founded in 2016.
Aeternity is a cross-functional blockchain platform that allows you to make any transactions and includes functional smart contracts and decentralized oracles. It implements electronic prediction machines that predict the execution of smart contracts and anticipate the correct decision. The project uses the main Erlang programming language. Tasks are completed by consensus, which uses POS and POW algorithms. The project offers a high zooming level since all financial transactions are processed simultaneously. Data is exchanged using a decentralized application.
Smart contracts are represented in the simple as simple functions, financial agreements, that allocate funds according to requirements. Business applications can store transactions in a non-public way, which ensures confidentiality. With the help of the platform, you can develop payment systems, modern polygraphs, video games, and use them to predict certain actions related to the work of Aeternity.
AE is a token that is used by participants to pay for services. One can mine AE even on a smartphone, which means that it provides a wider decentralization.