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One noteworthy detail is that AEA addresses "private" companies that may have had problems using public open source Ethereum technology. However, the group uses public functions next to a private network. It increases interoperability, which means that the dApps developed on the public network can be run on a private network such as the JP Morgan Quorum.
According to the Executive Director of AEA Ron Resnick: "Even if it is a private network, that network can actually connect to the [public ethereum] mainnet – what a lot of people want to do.
As explained above, AEA would like to see more and more industrial cases used in the Ethereum network. The real appeal of the second cryptography network lies in its usefulness.
It is important that the EEA has developed a framework that promotes uniformity in sector-wide governance for all companies seeking to use the platform. Therefore, it is a positive initiative for the adoption and implementation of smart contracts.
The platform allows the use of the ledger for the creation of decentralized applications (dApps) as well as the implementation and execution of smart contracts.
Basically, AEA has the potential to attract more companies to the public blockchain. In turn, we can hypothesize that ETH will earn a lot in terms of value.
The AEA provides the legitimacy of the Ethereum blockchain. It instills confidence in companies and businesses. You only need to look at giants like J.P Morgan and Microsoft to know that Ethereum has the support. They may not support the use of ETH as an investment tool, but are promoting technology. This is why these feelings will increase the value of money.
The AEA is also an important aspect for the Ethereum community to learn from companies and businesses that have experience with governments around the world. Basically, it helps to give the platform a presence in a "era of regulatory concerns.
They developed an architecture stack comprising five levels:
The base layer consisting of a peer-to-peer network protocol layer (p2p). The next is the core blockchain. This is responsible for the consent, the execution of transactions and the storage of data. This will involve both on-chain and off-chain solutions. The third level is the level of privacy and scalability.
The fourth stack consists of the layer of instruments. This will handle aspects such as permits and oracles. Finally, there is the level of application. It is a milestone that, once achieved, will bring benefits to the Ethereum blockchain, given that many developers see a lot of potential in the public chain.
Ethereum (ETH) remains an open source decentralized cryptocurrency. it is not managed by the Enterprise Ethereum Alliance, but AEA continues to play an important role in its development.
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