Aeternity Blockchain

By: WEEX|2024/10/09 16:27:10

Aeternity is a decentralized and scalable blockchain platform that focuses on smart contracts, decentralized oracles, and state channels to facilitate fast, efficient, and scalable applications. One of its standout features is state channels, which allow participants to execute transactions off-chain, significantly increasing the network’s throughput and reducing fees. Aeternity also supports decentralized oracles, enabling real-world data to interact with smart contracts.

Example: A company might use Aeternity’s blockchain for a supply chain tracking system, where real-time data from sensors (provided by oracles) can be used to trigger payments or actions in smart contracts. By keeping most transactions off-chain in state channels, this can be done efficiently without overwhelming the network.

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