Aeternity—An Answer to Current Challenges in Blockchain Technology - CryptoNewsZ
Aeternity’s platform is designed in such a way that it allows the decentralized oracles, smart contracts, and transacts using high bandwidth; the decentralized virtual machine is the technology supporting the Aeternity platform. Aeternity’s naming system allows user-friendly identities for blockchain entities, like oracles, user accounts, contracts, and several more.
By using state channels as a default method to run smart contracts, Aeternity emerges as the most effective Turing-complete blockchain by enabling new structures of commerce through its low-cost transactions. Aeternity developed a few interesting projects, some of them centered around keycard implementations and a hardware wallet, while others were focused more on decentralized applications and Sophia smart contracts.
