Æternity (AE)

What is Æternity (AE) Cryptocurrency? Æternity is a decentralized, open-source cryptocurrency and smart contracts platform built on a blockchain network. It is designed to provide a trustless, decentralized and low-cost platform for decentralized applications (dApps), smart contracts, digital asset management and record keeping. At its core, Æternity runs on a public Proof-of-Stake consensus algorithm. The æternity blockchain implements a consensus mechanism known as "æ-PoS", in which stakeholders sign and validate transactions. Blocks are rewarded with a token called "Aeon" (AE). Who founded it? Æternity was founded in 2017 by Yanislav Malahov and is based in Bulgaria. Malahov has been involved in the development of decentralized technology for more than two decades and is a founding partner of the Aeternity Ventures cryptocurrency investment fund. What Makes it Unique? The Æternity protocol is designed from the ground up to provide scalability, security, and reliability. It includes features such as a decentralized oracle system and enabling decentralized autonomous organizations (DAOs). The platform also introduces "æternity Currency", an inbuilt digital currency, which allows for low-cost payments and borderless transactions. Where Does It Use? Æternity is designed to power a new generation of decentralized applications (dApps) and smart contracts. The platform could be used in a variety of financial and non-financial applications that require the security, transparency, and traceability of a public blockchain. Examples include banking, insurance, digital asset management, record keeping, and gaming. Where to Buy/Sell It? AE tokens are available on a variety of digital asset exchanges and wallets, most notably Binance and Coinbase. AE tokens can also be purchased using traditional currency, such as euros, via buy and sell services, like Changelly and Simplex. Comments Æternity is an exciting and innovative cryptocurrency project that provides a trustless, secure, and low-cost platform for decentralized applications and digital asset management. The project is still in its early stages, but it has potential to become an important player in the cryptocurrency space as it develops.