Æternity is a public blockchain and smart contract platform that prioritizes speed, security, and scalability. The protocol targets high-volume use cases such as decentralized finance and data-heavy applications.
Æternity combines Proof-of-Work with Proof-of-Stake. Miners add blocks, while stakers finalize transactions and steer on-chain governance. The dual approach shares security responsibilities and encourages broad community participation.
Smart contracts execute inside state channels rather than on the base layer. Parties exchange updates privately and at low cost, then settle a single summary on the chain. Built-in oracles fetch external data within the same framework, eliminating a separate oracle layer and reducing attack surfaces.
State channels handle micro-transactions, games, and voting in real-time. A developer creating a decentralized voting application can record ballots instantly inside a channel and post the final tally once the poll closes, avoiding congestion and high fees.
Founder Yanislav Malahov, an early participant in Ethereum discussions, guides ongoing improvements to the virtual machine, compiler, and SDKs. The toolset aims to help developers deploy decentralized applications without sacrificing performance or privacy.
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