Different blockchain applications have problems with scalability. It is called the problem of the cryptocurrency and that problem must be tackled. Ethereum and Bitcoin are both working on this, but it is not clear whether this will work out. In that respect, Aeternity is a lot further in the developments. It has a solution and the platform is operational.
Aeternity is based in Liechtenstein, a country that has become more and more favorable for blockchain technology in recent years. Founded by Yanislav Malahov. Malahov has described himself as the Godfather of Ethereum, who was involved in the project from the very beginning. He is now focused on Aeternity. Aeternity is also innovative through the implementation of Oracles. Oracles provide a connection of data outside the blockchain with data within the blockchain. Through this application 'real-world' data can be retrieved and applied directly for smart-contracts. The ICO of the Aeternity coin took place in 2 phases. Aeternity is an ERC20 token, which means that the coin is built on the Ethereum blockchain. Phase 1: 139.089.935 AE sold Phase 2: 88.123.532 AE sold The Aeternity team retained 17% of the total supply (46.526.591 AE). This resulted in a total offer of 273,685,830.Read more
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