The Recent Developments of Aeternity (AE)

Aeternity (AE) that sports a “blockchain 3.0” platform had recently revealed their intention to launch aeternity Starfleet. It is a series of incubator and accelerator programs that will support the blockchain system in whole. The process also involves building a chain of investors, innovators and industry enthusiasts. Yanislov Mahalov, the founder of Aeternity (AE) had commented that the launch is “the culmination of months of extensive research and preparation and underlines our commitment to be the enablers of innovation, strengthening the already thriving blockchain community worldwide.” He went on to say that the incubator programs will speed up the adoption of blockchain technology worldwide.

Aeternity Starfleet will work collaboratively with Software University (SoftUni), an organization located in Sofia, Bulgaria. SoftUni works diligently on software development education as well as networking. According to Hristo Tenchev, the founder of Software University, it is perfect time to implement the blockchain-focused incubator program in the current ecosystem. From the initial stage itself, Aeternity Starfleet will support global projects by investing up to $250,000 and will give access to Starfleet co-working spaces. The first Starfleet program is expected to start from 11^th June 2018 and the training process will continue for four weeks. After the program completes, each team will be presented with the opportunity to talk about their ideas and plans in front of an audience of investors, blockchain experts and thought leaders.

Upcoming Mainnet Launch

The team of developers of Aeternity has decided to implement Bitcoin-NG for the composition of the aeternity protocol. The decision was taken on the relevance of on-chain scalability in terms of user experience within aepps. Lots of research work went into studying the technical whitepaper of Bitcoin-NG before the team had started to change the consensus mechanism of the Aeternity platform. Now, the Aeternity team is in the process of contacting several companies, blockchain professionals, and universities such that they can progress with the auditing process of their protocol. The mainnet will be ready for release once the tests have been performed and the audit process is over.

Messages aepp Utility widget

The developer’s team is focused at the moment on porting the apps to the Aeternity blockchain. Meanwhile, they have also incorporated a Utility widget in the Messages aepp. This will ease the way of accessing functionalities of other aepps. The user will be able to access the utility button on the right side of their input box. This button will open up other functionality options from other aepps to the users. They can extract information by clicking on one of the options and thus complete a task from another aepp. For instance, the Transfer aepp allows the user to send tokens to the person they were conversing with. The user does not need to find out the person in the address book or enter their address. The summary of the transaction is sent to the chat window and the user can check its status by simply referring to this part of the chat.

State Channels

From the blog of Aeternity, “Two or more parties open a state channel. Each party enters the channel with a balance written onto the blockchain. The parties transact in the state channel. Their account balances are written onto the blockchain again at the closing of the channel and possibly periodically throughout making use of the channel. Every transaction has to be signed by all parties that are part of the channel.” The benefits of conducting transactions through the state channel are that they are completed almost instantly and there is no transaction charge. State channels are also essential in risk management.

A New Member

Alexander Kahl has recently joined the aeternity dev tools team. He comes with an extensive experience in different technologies and programming methodologies. Before joining the aeternity team as a developer, he had worked with LShift, Nokia, and iconmobile. Here, Alexander Kahl will work on the JavaScript SDK that will help the developers with little experience in blockchain to create strong blockchain-based applications.

Price Analysis

As observed from the historical data displayed on coinmarketcap.com, in the month of May, Aeternity (AE) seems to have observed the usual fluctuations of the cryptocurrency market. No massive drop or rise can be seen from the data. Currently, the crypto coin is ranked at 28^th position at coinmarketcap.com. At the time of writing, the price shows approximately $3.23 USD (-2.24%) while the market cap is nearly $752,294,943 USD. The volume (24h) is above $10,504,000 USD. With the launch of the Starfleet incubator and the incoming mainnet launch, one can expect that Aeternity will experience many more partnerships with influential companies, blockchain enthusiasts. This will most likely, in turn, take Aeternity (AE) to higher positions. Their unique way of dealing with scaling issue of smart contracts is another point of advantage.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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