Aeternity is a blockchain-based distributed computing and digital asset platform that utilizes highly scalable public ledger technology. It is powered by off-chain smart contracts that use real-world and real-time data by interacting with built-in oracles.
This article will take a closer look at Aeternity to understand what the project is and how it works. We shall also explore the network’s native AE token, predict its price through 2030, and list exchanges where it can be traded, before determining whether it is a credible cryptocurrency investment.
So, without further ado, let’s get started.
What is Aeternity?
Aeternity is a distributed computing and digital-asset platform that aims to provide users with the efficiency of private blockchains and the security of public blockchains. It is powered by a hybrid proof-of-work and proof-of-stake consensus protocol that allows smart contracts and oracles to source and process data off-chain, resulting in enhanced privacy, lower fees, and faster transactions.
The blockchain utilizes a decentralized oracle network that serves as a link between the distributed network and the real world. Smart contracts connect to the Oracle with other blockchains like Bitcoin and Ethereum.
Aeternity’s cutting-edge technology to address the scalability issues of blockchains is making it appealing to DApp developers. The protocol is powered by the AE token that serves as its “energy”.
How Does Aeternity Work?
The Aternity protocol is made up of three components; state channels, a PoS and PoW hybrid consensus algorithm, and an oracle machine.
State channels are used by the blockchain to facilitate faster transactions. It allows users to transact off-chain and secure their private transaction data from the public. The only data that is displayed on the public blockchain is the settlement amount associated with each address.
Unlike other blockchains, Aeternity uses a unique hybrid algorithm that combines proof-of-stake and proof-of-work consensus. Blocks are created and added to the chain via a PoW consensus, while the PoS component in Aeternity is used purely for on-chain governance.
Smart contracts sometimes require information that comes from outside the blockchain before they can be executed. This is where oracles play their role, by bringing in external data onto the blockchain for use by smart contracts.
Aeternity provides a foundation for developers to build blockchains and decentralized applications (DAps) without the transaction and scalability limitations that plague most distributed ledger systems.
What is the Aeternity (AE) Token?
AE is the native utility and governance cryptocurrency of the Aeternity blockchain. The ERC-20 token deployed on the Ethereum network is the unit of account used to pay for operations conducted on the blockchain, such as transactions and network fees.
AE can be staked to provide liquidity to exchanges and support the security and stability of the Aternity network. Token holders also get the opportunity to participate in network governance by voting on proposals that dictate the developmental direction Aeternity takes.
AE has a maximum supply of 536.30 million tokens with a market capitalization of $13.70 million. Currently, there are 380.1 million AE under circulation, which have attained a trading volume of $591,871 in the past 24 hours.
Aeternity (AE) Price Prediction: 2024, 2025, 2026, 2027, 2028, 2029, 2030
At the time of writing, AE is trading at $0.03606 – up 26.5% over the last 24 hours. Based on its current market rate, we have projected the minimum, average, and maximum prices at which the token could change hands between 2024 and 2030.
Note that the prices listed below are speculative and could change depending on the market performance of Aeternity.
YEAR | MINIMUM PRICE | AVERAGE PRICE | MAXIMUM PRICE |
---|---|---|---|
2024 | $0.034452 | $0.040195 | $0.043066 |
2025 | $0.057421 | $0.063163 | $0.071776 |
2026 | $0.086131 | $0.091873 | $0.100486 |
2027 | $0.0114842 | $0.120584 | $0.129197 |
2028 | $0.0143552 | $0.149294 | $0.157907 |
2029 | $0.172262 | $0.178004 | $0.186618 |
2030 | $0.229683 | $0.235425 | $0.244038 |
Where To Buy Aeternity (AE) Tokens?
You can purchase and trade Aeternity (AE) tokens on the following cryptocurrency exchanges:
- Gate.io
- MEXC
- CoinW
- Hotcoin
- CoinEx
- HitBTC
- Mercatox
Is Aeternity (AE) a Credible Cryptocurrency Investment?
Aeternity is an Ethereum-based distributed computing and digital asset platform that offers better scalability and transaction throughput than most traditional blockchains. The protocol is powered by a hybrid PoW-PoS consensus, smart contracts, and data oracles that can handle more transactions without getting backlogged, making it an attractive prospect for DApp developers.
Similarly, the blockchain’s native AE token is showing promising price prospects going into 2030. All things considered, I would recommend Aeternity as a credible cryptocurrency investment due to its innovative approach to addressing scalability, transparency, and security issues faced by blockchains.
As is the case with every cryptocurrency, AE is also prone to the extreme dynamics of the crypto market. Therefore, you must thoroughly research the Aeternity protocol and fully consider its benefits and risks before making any investment decision.
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