Aeternity (AE)
A Trustless, Decentralized And Functional Oracle Machine.- Aeternity is a smart contract platform designed to solve challenges native to earlier blockchains. The network reaches consensus via a combination of Proof of Work and Proof of Stake.
- Aeternity offers built-in state channels which allows private transactions and smart contracts.
- The Aeternity Naming System is a decentralized naming system for addresses or hashes, similar to the Ethereum Name Service.
- The AE token is used in staking, as also as gas fee for simple transactions and smart-contract executions.