Description
Founded in 2016, æternity is an open-source blockchain, Erlang-based scalable smart contract platform engineered by software development pioneers to address some of the most fundamental challenges native to earlier blockchains. The platform is driven and developed by a community, where æternity Establishment contributes to the existing projects and blockchain.æternity uses State Channels to enable off-chain scaling, allowing the blockchain to withstand massive traffic without succumbing to network congestion. æternity also allows interaction between the network and real world data through Oracles, and integrates several advanced features to deliver the full benefits of blockchain technology to a global mass of users.