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Table of content
- What is Aternity
- Who are Founders?
- What problems Aeternity solve?
- How do you mine Aeternity?
What is Aeternity?
Aeternity is a public, open-source blockchain protocol that enables a platform for next-generation decentralized applications with high scalability. Its core components are written in the functional programming language Erlang and its smart contract language.
Who are Founders?
What problems Aeternity solve?
Aeternity is a blockchain technology that seeks to provide a number of features that have been refined and allow it to outperform its predecessors in various aspects such as scripting security, scalability, and ease of access to data. In addition, Aeternity presence seemed to try to close the gaps and shortcomings blockchain by building itself as the most efficient technology.
How do you mine Aeternity?
Aeternity (AE) mining is based on Cuckoo Cycle algorithm and uses Bitcoin NG protocol. There is an important difference - the latter consists of two components:
Key block - is created every 180 seconds and doesn't contain transactions. It requires a solution to a PoW task.
Micro block - is created every 3 seconds, contains transactions and doesn't require solution by PoW. Instead, such blocks obtain crypto signature which makes them valid. So it takes only 3 seconds to make a transaction. The last AE is expected to be mined in 2134. All in all Aeternity supply and inflation will develop in the following way.