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Aeternity (AE)

ICO

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

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Overview

Project industryBlockchain Infrastructure

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.

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What is Aeternity

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.

Details

Public sales: May 25, 2017 - Jun 10, 2017
Raised: 24,426,689 USD

Token info

Ticker: AE
Token price in USD: 1 AE = 0.3 USD
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

Project team

Yanislav Malahov
Yanislav Malahov
FOUNDER
Yanislav Malahov linkedin
Zack Hess
Zack Hess
TECHNICAL LEAD
Zack Hess twitter
Marion Vogel
Marion Vogel
MARKETING & OPERATIONS
Marion Vogel linkedin
Nikola Stojanow
Nikola Stojanow
BUSINESS DEVELOPMENT
Nikola Stojanow linkedin
Vladislav Dramaliev
Vladislav Dramaliev
MARKETING & COMMUNITY
Vladislav Dramaliev linkedin
Lior Zysman
Lior Zysman
LAW AND REGULATION
Lior Zysman linkedin
Dan Verowski
Dan Verowski
PROJECT MANAGEMENT
Dan Verowski linkedin
Stoyan Vasilev
Stoyan Vasilev
DESIGN DIRECTOR
Stoyan Vasilev linkedin
Alessandro De Carli
Alessandro De Carli
TECHNICAL BLOCKCHAIN ADVISOr
Michal Zajda
Michal Zajda
SENIOR ERLANG ARCHITECT
Michal Zajda linkedin
Steve Dakh
Steve Dakh
CRYPTO TECH ADVISOr
Vandres Guzmán
Vandres Guzmán
HISPANIC COMMUNITY MANAGER
Vandres Guzmán linkedin
Andreas Kohl
Andreas Kohl
HEAD OF ACCOUNTINg
John Tromp
John Tromp
ADVISOR ON POW "CUCKOO CYCLE"
John Tromp linkedin
Vincent Zhou
Vincent Zhou
CHINA ADVISOR

Social media

Aeternity web-siteAeternity MediumAeternity BTCTalkAeternity LinkedInAeternity TwitterAeternity FacebookAeternity SlackAeternity Github

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