Currencies> Aeternity (Ae)

Aeternity

What is Aeternity coin?

Aeternity is the development of the specialists who previously worked on the creation of Ethereum and Augur. The team is headquartered in Liechtenstein. The Aeternity coin was created as a means of payment that can solve the problem of long-term transactions. To achieve this goal, the creators have adapted the technology of smart contracts and decentralized oracles increasing the productivity.

To ensure the high speed of financial transactions, a service similar to the Lightning Network, implemented in Bitcoin, was created. This is a special platform that uses the so-called ”state channels". The programming language Erlang was chosen for the work, thanks to which it became possible to create working distribution groups with high resistance to failures.

Aeternity coin mining is possible. It is based on two consensus mechanisms - Proof-of-Work and Proof-of-Stake. The Aeternity mainnet implements a new protocol called Cuckoo Cycle. It makes it impossible to mine with ASIC miners. Experts have focused on mining using mobile devices, so you can get the cryptocurrency even with the help of a powerful smartphone or tablet.

What are the advantages of the Aeternity vs Ethereum?

  • High speed of transactions. In the Aeternity blockchain, they are held in just a couple of seconds.

  • Hybrid consensus algorithm. Thanks to the PoW mechanism, users get the opportunity of hardware mining, and PoS offers the users o to earn on the storage and use of the Aeternity coin.

  • Minimum commission. The introduction of ”state channels" has reduced the cost of financial transactions. Accordingly, cryptocurrency holders are able to pay for goods and services at virtually no additional cost, which increases interest in the project, according to the Aeternity Bitcointalk.

  • The presence of a decentralized oracle. This system connects real world public information to smart contracts. Thus, it is possible to significantly expand the functionality of the contracts.

Where to store the Aeternity?

The list of wallets where you can store Aeternity is quite extensive. For example, it is possible to accumulate coins in the wallets that work with Ethereum. These include Ethereum Wallet and MyEtherWallet. In addition, you can hold the cryptocurrency in some multi-currency wallets, including Jaxx, Atomic, Exodus, MetaMask. There is a possibility of storage in Mobi and Coinbase programs. The coin is also supported by Ledger Nano 5 hardware wallet.

How to buy Aeternity?

The greatest volume of Aeternity trading is on the stock exchange IDAX. It is 12% on pairs with Bitcoin and 12% with Ethereum. 15% of transactions on AE/BTC are carried out on the Binance trading platform. Working with AE/USDT is available on the cryptocurrency exchange Gate.io. In addition, Aeternity is traded for Tether on the OOOBTC exchange. The share of other platforms does not exceed 5%. You can get acquainted with the Aeternity exchange price at Coinmarketcap.

Exchange Aeternity | Convert AE to BTC at the Best Rates | Buy AE with Bitcoin | AE to Bitcoin Exchange

The new-generation exchanger ChangeNOW offers you to buy or sell Aeternity at the best rate. On our website, you can exchange AE for any of the 150 cryptocurrencies, and this list is constantly expanding. All financial transactions on the exchanger take no more than 5 seconds. It is very easy to make a transfer. You just need to choose the trading pair, specify the wallet address and get your cryptocurrency. All user data is securely protected.

Don't forget that ChangeNOW is the best way to buy or exchange your crypto to Aeternity!

Links