[ad_1]
Aeternity launched the first live implementation of Aeternity's blockchain from a stunning villa on the outskirts of Rome, and CCN went to talk to the team and learn about the scale of the project.
Aeternity is a platform for application development and decentralized contracts founded by Yanislav Malahov, whose first contributions to the Ethereum project have led to the creation of smart contracts and other functionalities. Malahov collaborated with Vitalik Buterin even before Ethereum had a name and ended up abandoning the project to work on the platform of Aeternity instead.
Aeternity
For starters, I spoke with Marion Vogel, the project director, and Nikola Stojanow, the CBDO. Vogel explained how the Roma were a step forward in decentralization, putting the control of Aeternity in the hands of the community.
"With the implementation of the Roma it's out there, it's decentralized – it's practically everyone's project now."
The developers are now free to write their own applications in the Sophia programming language and launch them live on the blockchain, which has been verified by the Swiss cybernetic cnlab and found fit for purpose.
Vogel went on to say that one of the goals of the project was to make the blockchain something that anyone can easily use, an important sore point in the sphere at the time, but described the main sore point of the blockchain as a ladder. Aeternity uses the status channels among other features to solve this problem, allowing smart contracts to run out-chain in private and only requires a chain transaction in the event of a dispute.
The couple has praised their team of decentralized applications that are creating programs to which they refer as "Aepps", describing it as an important aspect of the project. Stojanow was thrilled to talk about the Base aepp, a mobile DApp that allows users to easily browse other decentralized applications from a single location, while Vogel has ridiculously described his favorite aepp as the Beer Token eepp that was used in the re conference. : publica in Berlin to distribute 10,000 free beers.
He said that the simplicity and practical nature of aepp helped people understand how to use decentralized blockchains and added: "Who does not like free beer?"
Learn more about it #aeternityBeer app is reading the cool #aepps #team #to update! L & # 39; æpp had a trial period during the re: publica conference in Berlin last week! It worked perfectly! https://t.co/AHxpYKTTg9 @republica #blockchain
– Blockchain æternity (@aeternity) May 8, 2018
Philosophy – Aeternity as a Movement
Vladislav Dramaliev, Head of Digital Marketing, has tentatively described the platform's philosophy in a single sentence: "Rethinking trust, empowering 99%".
Dramaliev said he supported the idea that people should be more independent and responsible for their data, otherwise they would always be used by big companies, but they claimed that one of the main questions of the blokchain was if most people wanted to freedom and responsibility, also offered by the new technology.
"Eternity could be called a project, but we tend to refer to it as a movement of people with a similar mindset who believe that the future should be built on a different kind of infrastructure that offers more opportunities, which transcends borders and that fundamentally triggers the creation value on a global scale. "
Dramaliev added that anyone can learn to use the platform to improve their well-being through value transfers and "unstoppable" applications, and that this was something the team strives to facilitate.
The founder
To fully understand the technical details and the direction of the project, it was important to sit down with Yanislav Malahov, the project's founder, and Emin Henri Mahrt, the COO.
Aeternity uses state channels and a tailored consensus solution to achieve what appears to be an efficient and scalable model. Most processes are privately managed outside the chain, and what worries me might have an impact on transparency. The team said that instead of congesting the blockchain with each process automatically, the only processes necessary for control are those under discussion.
If two parties do not agree on the result of an intelligent contract agreement, the processes are fully controllable and the audit results will be published on the blockchain, allowing both scalability and transparency. Mahrt described an example of the real world as someone who bets on a high score of video games but submits the highest score to the wrong day in the hope of cheating – the dispute could be managed from an interpersonal point of view, but if neither shares is an agreement to have an Oracle reads the results and determines if the timestamps match, with the result then published on the chain.
Malahov and Mahrt described the consensus algorithm, explaining that Aeternity uses the consent algorithm of Bitcoin-NG coupled with the hashing algorithm of the Cuckoo Cycle. Eternity is extracted using decentralized RAM instead of GPU or CPU, which increases efficiency and does not require or support specialized equipment such as ASIC miners. A block is extracted every three minutes: graph theory problems are solved by miners who become leaders and can publish micro blocks for a period.
The system seems complex, and it is. The founder and the COO stressed the importance of blockchain education and stated that the project intends to fund education programs and grant grants to aid in space adoption and innovation.
"Our foundation will support independent researchers and computer scientists as well as social and economic scientists working on solutions related to blockchain technology, and we will also give or give scholarships to students who want to go in this direction," says Malahov.
Shutterstock foreground image
Get an exclusive cryptographic analysis by professional traders and investors on Hacked.com. Register now and receive the first month for free. Click here.
[ad_2]Source link
