What is Aeternity
æternity is a public, open-source blockchain protocol that enables a platform for next-generation decentralized applications with high scalability. Its core components are written in the functional programming language Erlang and its smart contract language - Sophia - is also functional. æternity has a stellar team of developers including Robert Virding - co-creator of Erlang, John Hughes - co-designer of Haskell, and Ulf Norell - co-designer of the Agda programming language for formal verification.
Unlike other blockchain platforms, the æternity protocol itself incorporates a number of essential technological features. State channels for off-chain scaling, oracles for real-world information, and a naming system for increased user-friendliness are all implemented on Layer 1. æternity also features SDKs in Javascript, GO, Phyton, Java, as well as a middleware and a development suite that streamline smart contract development.
æternity incorporates the Bitcoin-NG consensus algorithm developed by academics from Cornell University and uses the Cuckoo Cycle mining algorithm for Sybil attack protection.
AE tokens, the native cryptocurrency of the æternity platform, is used for both - an economic unit of account and as ballots in the community-driven on-chain governance votes.
Aeternity vs Stoic
It's almost impossible to predict which cryptocurrency will eventually emerge as the leader.
There is no guarantee that In 5 years, AE would still even exist. Another faster and cheaper blockchain might capture the majority of developers, users, and capital. Or some critical failure of AE might derail its progress.
Because the probability of guessing the winner is low, it's better to use a portfolio approach and buy all possible contenders, including AE.
Stoic builds a portfolio by using hedge fund-grade quantitative research and AI to build a portfolio of crypto assets.
The algorithm analyzes price data, returns, volatility, correlations, and other factors to identify coins that are likely to go up. It then rebalances the portfolio daily to cut losses early and take profits regularly. Stoic is a great alternative to researching coins and trading manually.
Over 12,000 people already use Stoic to automate their crypto investing.
