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Aeternity EstablishmentLandstr. 123FL-9495 Triesen
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⚡ (en)lightning smart contracts on global scale
Hello IoT, FinTech, Video Gaming, The Unbanked, Trustless Exchanges, and Instant Micropayments!
We believe in relentless evolution of systems and societies
æternity's goal is to push the boundaries of innovation and make our blockchain the enabling technology of your venture.
To make this happen we need scalable, efficient and governable technology
Numerous æpps can be enabled through æternity to bring real world use, allowing highly-parallelized value flow through a blockchain network on a global scale - without compromising its core values.
Standing on the shoulders of giants
The real world meets blockchain
oracles. oracles everywhere.
æternity is more powerful then just 'turing-complete'. It enables decentralized oracles on a global scale with its uniquely integrated oracle machine, something which has never existed before!
With other blockchains an oracle is typically a single-point of failure, therefore bad for decentralization. æternity’s oracles are decentralized.
Purely-functional smart contracts
our smart contracts are different.
æternity’s smart contracts exist only in state channels, like pure functions. Users interact in instant sidechains with each other, code and smart contracts touch the blockchain only in case of disagreement, acting like a self-arbitrating crypto court.
This results in a significant improvement of throughput and privacy, while being still completely trustless.
Unique take on efficiency & governance
we are all about efficiency.
The æternity blockchain is designed to offer unmatched efficiency, governance and scalability.
In æternity every user stakes and is incentivized to stay online. Consensus is achieved via a novel hybrid Proof-of-Stake and Proof-of-Stake algorithm, which will be the topic of the second æternity whitepæper.
Industrial grade code base
æpps and use-cases for æternity's smart contracts
An excerpt of what can efficiently be built on æternity, the sky is the limit!
Latest efforts within the field have seen many developers create decentralized prediction markets which combine the best efforts of what academics call a workable theory, in order to facilitate decision making and pointing outright where the markets heads to.
On the same principle as with micropayments, æternity brings prediction markets to the next level!
The technology allows prediction market smart contracts right out of the box. From simple gambling, up to monetized weather predictions and event contracts.
Infinite scalability, instant payment functionality and Oracle prediction enables us to automate financial transactions that involve large amounts of parameters with any number of concurrent users.
One of numerous things we can create with this is a new way to fund projects or even governments. A system, in which the funding is only unlocked upon completion of one or more selected events.
Additionally it can be set to only unlock funds, if the outcome that is to be reached with the funding, is predicted favorable by the Oracle.
How about crowdfunding using dominant assurance contracts? These specific smart contracts can be used to raise money for your projects and, at the same time, secure contributors against failure. If a project is unsuccessful, all participants get their contributions back.
Using an oracle, æternity can additionally ensure that the provider of the good or service only gets paid after delivery.
The ability to exchange tokens is an essential part of a thriving ecosystem, providing for efficient cooperation and transfer between different blockchain projects.
aeternity allows for cross-chain, trustless atomic swaps, for example between aeons and Bitcoin as well as many other assets.
Instant Video Game Rewards
Gaming is a huge, steadily growing industry especially in the blockchain ecosystem with its obvious advantages; Users are in full control of their in-game transactions, which means fees are kept to a minimum with no intermediaries. A fraud resistant network and irreversible transactions provided by blockchain technology deliver trustless and secure interactions.
From simple games to high-end eSports titles, with æternity, users can rely on secure and instant transactions, sit back, and enjoy their gameplay.
Micro & Nano Payments
The payments market is highly competitive and, at the same time, offers countless innovation opportunities to streamline today’s confusing and ineffective ecosystem.
æternity's unique way of handling transactions brings this to the next level by handling payments off-chain via state channels. This allows them to go through instantly, while retaining your privacy.
you heard that right, instantly!
Imagine banking for the unbanked, content monetization, paid API calls, decentralized live video streaming and a lot more.
We are humæn
Crypto believers and true experts in each of their fields, who have taken on the challenge to build æternity. And in due course, to decentralize it forever.
Having exchanged ideas and persued blockchain endavours with many of the greatest minds, Yanislav is a true veteran of the blockchain space.
The "Godfather of Ethereum" envisioned in 2013 to have powerful algorithms on blockchains. Now, with æternity, a new version of his vision is becoming reality again.
Zack writes blockchains and is a true visionary. His first "basic coin" was the attempt to write the most compact blockchain.
Years later, after having worked for Augur and built a few other blockchains from scratch, he is now leading æternity's technical implementation.
Science and Technology
Computer science and blockchain enthusiast, looking for ways to combine the two. Advocate of functional programming and expressive type systems. Previously worked for Synereo to develop the language and VM of their blockchain, and spent his master's thesis arguing for the use of dependent types in smart contract development.
Marketing & Operations
Being intrigued by the magic of blockchain technology since early 2014, Marion is especially interested in connecting the dots between technology and the growing community. Research on the socioeconomic impact, spreading the word and taking care of handling æternity's operations efficiently is where she performs best. Previously she worked in marketing & business development in Silicon Valley.
Marketing & Community
Digital marketing analyst and Bitcoin entrepreneur. Founder of BitHope.org and CoinFixer.com. Managing the local Bitcoin/Blockchain meetup in Sofia, Bulgaria. Co-Founder of the Bulgarian Bitcoin Association and of the first website for bitcoin exchange in the country. Fascinated by technology, Bitcoin, blockchains and the future.
As a multi-national manager with experience working in Germany, Eastern Europe, MENA, Asia and Pacific, Nikola is the go-to person for Business Development and New Market Entry. He has developed and consulted numerous international projects for almost a decade and has now been introduced to the unlimited possibilities of blockchain technologies.
Born and raised in Berlin he started working as a Scrum Master in 2011, later becoming a Business Analyst, interfacing splendidly between thankful developers and content clients.
Blended with his fast growing knowledge and interest in blockchain technologies and the Fintech industry in general, he supports the project management pillar of team æternity.
Law and Regulation
Lior is a corporate lawyer advising startups and investors in the blockchain space.
He is working on decentralized autonomous non profits (Runner-up at Consensus 2016 Hackathon), and is cofounder of the "DAO Tel Aviv" meetup group. Lior holds a Bachelor of Law and a B.A. in Business Administration, from Tel Aviv university.
Louis Chang is Co-founder and Creative Director of Proof of Work, The first creative design and communication agency working specifically with Blockchain companies.
Particularly interested in Human computer interaction, design, education and behavioural patterns. Louis has a 12 year creative pedigree working for agencies such as Ogilvy, Saatchi and Saatchi, Blast Radius and JWT.
∞ In a nutshell
æternity is an elegant & robust blockchain - scalable, resource-efficient and developer-friendly
Our technology delivers an innovative approach to smart contracts, oracles and value exchange via off-chain state channel management.
æternity is based on a hybrid Proof-of-Work and Proof-of-Stake consensus mechanism that lets every user stake, while leveraging the wisdom of the crowds and the oracle in a decentralized way.
We aim not only to deliver a rock-solid blockchain implementation, but also a basic set of æpps bringing real use cases to the network and make them accessible from day one.
We believe in decentralization and math for a better, fairer society. The time for æternity is now!