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Aeternity

Aeternity (AE)

$ 0.01
2.27 %
Main info
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Markets
Analytics
Market cap
$2.83M
2.27 %
Volume (24h)
$3.8K
2.27 %
Circulating supply
385,106,898 AE
Total supply
396,262,884 AE
Max. supply
536,306,702 AE

About Aeternity

Platform Overview

Aeternity is a decentralized æpps platform. It scales through state channels that run smart contracts. It introduces a new language that supports formal verification and allows to write simpler, safer code. The VM accommodates compiled solidity contracts.

Core Features

Aeternity uses an ASIC-resistant, memory-bound Proof-of-Work (PoW) with less than 15 seconds block time. It features an integrated naming system and oracles, which could be used to request and access data from various data providers.

Most importantly, all components are native features of the Aeternity system.

They are not meta layers on top of a blockchain (like Lightning, Raiden, Oraclize), but parts of the core protocol. This ensures unmatched efficiency and significantly reduces the cost of running smart contracts and making lightning fast transactions.

Key data

updated $0
Market cap$2.83M
Volume 24h$3.8K
Circulating supply385.11M72% of max 536.31M
All-time high$5.69-100% from peak · 2018-04-28

Aeternity (ticker AE) is a blockchain platform built to run smart contracts and decentralized apps with a focus on speed and scalability. The idea behind it is simple: take the core functions of a blockchain — contracts, oracles, payments — and optimize each of them separately instead of cramming everything into one layer. Think of it as a purpose-built network rather than a jack-of-all-trades chain.

Frequently asked questions

What is Aeternity and how is it different from other blockchains?

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How does the Aeternity network reach consensus?

Aeternity uses a Proof-of-Work consensus mechanism to secure its network and validate transactions. Miners compete to produce blocks, and the network is designed to keep block times short for faster confirmations. This classic approach is combined with off-chain scaling through state channels, so heavy traffic doesn't clog the main chain.

How is AE issued and what is the total supply?

AE was originally distributed through a combination of a token sale and mining rewards, with new coins entering circulation as miners produce blocks. The emission schedule is fixed by the protocol, so supply growth is predictable and transparent. For exact current supply figures, check the live data block on this page rather than static articles.

How can I store and use AE tokens?

AE can be held in the official Aeternity wallet apps as well as in third-party wallets that support the coin. The token is used to pay for transactions and smart contract execution, and holders can also participate in network governance. Additionally, AE exists in an ERC-20 form on Ethereum (contract 0x5ca9a71b1d01849c0a95490cc00559717fcf0d1d), which is handy if you prefer Ethereum-based wallets. More details are available on the official site, aeternity.com.