æternity | POS/POW blockchain to unlock the Internet of Value




  • ⚡ (en)lightning smart contracts on global scale

    Hello IoT, IoV, FinTech, Video Gaming, The Unbanked, Trustless Exchanges, and Instant Micropayments!


    About:

    æternity is a new blockchain - designed for fast and secure smart contracts interfacing with real-world data via a decentralized oracle.

    Scalability is achieved by using (trustless) Turing-complete state channels, a major difference to Ethereum. This way the smart contracts also become easier to analyze and more secure.

    The interface to real-world data is done via an innovative oracle design, which is based on prediction markets.

    State channels increase scalability since all transactions become independent and can thus be processed in parallel. Additionally, this means that contracts never write to shared state, greatly simplifying their testing and verification.

    æternity will be powered by the æternity token (AE symbol, also 'æon').

    æternity tokens are used as payment for any resources one consumes on the platform, as well as the basis for applications implemented on the platform.
    The distribution of æternity token [AE] in the genesis block will be determined by a smart contract hosted on Ethereum.

    æternity tokens will be managed by accounts which will have an address and balance, implemented alongside a alias (naming) system
    which will support human-friendly names mapped to an aeternity address.

    æternity identities are essentially a triple of (pubkey, hash, name). Pubkey from the account, name from the alias and hash
    linking to further data, e.g. on IPFS.


    Blockchain Technology

    A blockchain architecture that is scalable, governable and scriptable

    • AE TOKEN

    AE are the access tokens to the æternity network and act as a unit of account for the resources spent on æternity.



    Furthermore, æons are the energy for any application implemented on the platform.



    The initial amount of AE for the genesis block will be determined by a smart contract on Ethereum.

    • SMART CONTRACTS

    State channels enable highly scalable, trustless transactions of value and purely functional, easily verifiable turing-complete smart contracts.



    State channels effortlessly support an immense throughput of transactions. The execution as well as settlement happens off-chain.



    In other words: They are one-to-one- sidechains, where the blockchain acts as a public crypto court.

    • ORACLES

    A crucial feature for most contracts, whether encoded as text or as code, is the ability to refer to values from the environment.



    The æternity Oracle Machine provides real-world data to the blockchain.



     Each user can ask questions about the environment. Everybody can answer. The consensus mechanism comes into play in case of disagreement.

    • NAMES (DNS)

    In the vein of Aaron Swartz’ work and Namecoin, æternity features an easy to use name system, that is both decentralized and secure, while still supporting human-friendly, memorable names.

    The blockchain’s state includes a mapping from unique human-friendly strings to fixed-size byte arrays, which are individually customizable.



    • ACCOUNTS & IDENTITY

    æternity's accounts are permission-less, but still allow customization via schema.org's semantic web scheme.



    Create and own your identity on the æternity network - then use it everywhere on the web!

    • BLOCKCHAIN NETWORKS

    æternity technology is free to use and easy to incorporate.



     MIT-licensed modules will allow easy implementation in blockchain consortiums and will enable free and open access for developers to be able to build on the æternity platform.



     Cross-chain atomic swaps do the rest.


    White Paper:


    CONSENSUS AND GOVERNANCE

    • Hybrid Proof-of-Work Proof-of-Stake blockchain

    • Consensus achieved by PoW mining

    • Algo: 'Cuckoo Cycle' by Tromp: GITHUB WHITEPAPER BLOG

    • Minable with even with smart phones achieving highest possible decentralization 

    • Governance via PoS prediction markets

    • Prediction markets are proven to very good tools to destill information out of a crowd of people. Better then simple voting!

    TRANSACTION SPEED ESTIMATES

    • Trustless off-chain transaction speed: infinite and only limited by the speed of light as these transactions are inside state channels

    On-chain transaction speed: We define following variables for the following calculations:

    B = block size in bytes
    F = blocks till finality
    R = time till finality in seconds
    T = transaction size in bytes



    The variables that define the protocol are all constantly being updated by the consensus/governance. From their initial default
    values, we can calculate the initial default rate of transactions per second.



    Transactions per second = B  F / (T  R)


    B = 1000000 bytes = 1 megabyte per block
    R / F = 30 seconds per block
    R = 243600 seconds per day
    F = 2460*2 blocks per day
    T = 1000 bytes per transaction



    1000000 ∗ 24 ∗ 60 ∗ 2/1000/24 ∗ 3600 = 1000000 / 1000 / 30 = about 32 on-chain transactions per second, which would be
    fast enough to sign up every human with state channel technology within 8 years.



    These variables will be determined by token holders (PoS Governance).



    For further details read the æternity blockchain whitepaper: Sec. E(4): Transactions per second at a given memory requirements


    STATE CHANNELS

    æternity’s blockchain leverages state channels which makes smart contracts faster, more secure and more private.
    • First, two users open up a state channel via depositing some AE tokens into it.
    • They can agree to arbitrary smart contracts. This allows for transactions to be conducted as fast as information can be transmitted and processed by the parties, instead of them having to wait until the transaction has been validated—and potentially finalized— by the blockchain’s consensus mechanism.
    • This æternity blockchain is used to settle the final outcome or to resolve conflicts that arise.
    It’s decisions are foreseeable, thereby ruling out malicious activity between parties who try to erode the state channels to which they’ve written and previously agreed to. The transfer of æon is the only effect channels can have on the blockchain, only those æon that have been deposited into the state channel can be transferred. This makes all channels independent from each other, which has the immediate benefit that any transactions related to channels can be processed in parallel, greatly improving transaction throughput.

    SMART CONTRACTS

    æternity uses a Turing-complete (new) virtual machine with MAST (Merkelized Abstract Syntax Trees) to process smart contracts. Within æternity, smart contracts are pure functions in the form of financial agreements that distribute funds according to predetermined rules. MAST enables that, in case a smart contract needs to be enforced by the blockchain, only the relevant part of the smart contract needs to be published, achieving again higher scalability and confidentiality.
    • Only the involved parties know about the contract
    • Only parties that have an open state channel can create a valid contract
    • Every state change or code update gets signed by both counterparties of the contract
    • It is only submitted to the blockchain if its outcome is disputed, in which case the code is only ever stored as part of the submitted transaction, never in any other state.
    • If this happens, the blockchain distributes the tokens according to the contract and closes the channel.



















    IMPLEMENTATION

    æternity core blockchain code is written in Erlang, which makes it easy to write distributed, fault-tolerant, soft real-time, highly available, non-stop applications. Erlang is the perfect language to write a blockchain from scratch and by using it, we achieve a superior operational stability and performance.




















    WEB AND MOBILE INTEGRATION

    æternity is 'mobile first', which is true because of the convergence of mobile and web
    technologies and new mining algo which is even efficiently minable on smart phones.



    A Javascript library and REST APIs for engaging with the core blockchain will make the integration into existing web/mobile apps
    or services easier.



    ReactJS
    will be the framework of choice two write reusable modules in, for the
    UI. These modules can easily be reused on the web,
    as well as on mobile, and even compile down to native apps on mobile, becoming more snappy.



    Also an Ethereum and Bitcoin bridge via Cosmos/Polkadot is planned.


    æpps and use-cases for æternity's smart contracts

    An excerpt of what can efficiently be built on æternity, the sky is the limit!

    Information Markets

    Latest efforts within the field have seen many developers create decentralized prediction markets which combine the best efforts of what academics call a workable theory, in order to facilitate decision making and pointing outright where the markets heads to.



     On the same principle as with micropayments, æternity brings prediction markets to the next level!



     The technology allows prediction market smart contracts right out of the box. From simple gambling, up to monetized weather predictions and event contracts.












    Decentralized Fintech

    Infinite scalability, instant payment functionality and Oracle prediction enables us to automate financial transactions that involve large amounts of parameters with any number of concurrent users.



    One of numerous things we can create with this is a new way to fund projects or even governments. A system, in which the funding is only unlocked upon completion of one or more selected events.



    Additionally it can be set to only unlock funds, if the outcome that is to be reached with the funding, is predicted favorable by the Oracle.












    Crowdfunding Projects

    How about crowdfunding using dominant assurance contracts? These specific smart contracts can be used to raise money for your projects and, at the same time, secure contributors against failure. If a project is unsuccessful, all participants get their contributions back.



     



    Using an oracle, æternity can additionally ensure that the provider of the good or service only gets paid after delivery.











    Trustless Exchanges

    The ability to exchange tokens is an essential part of a thriving ecosystem, providing for efficient cooperation and transfer between different blockchain projects.



     

    aeternity allows for cross-chain, trustless atomic swaps, for example between aeons and Bitcoin as well as many other assets.









    Instant Video Game Rewards

    Gaming is a huge, steadily growing industry especially in the blockchain ecosystem with its obvious advantages; Users are in full control of their in-game transactions, which means fees are kept to a minimum with no intermediaries. A fraud resistant network and irreversible transactions provided by blockchain technology deliver trustless and secure interactions.

     

    From simple games to high-end eSports titles, with æternity, users can rely on secure and instant transactions, sit back, and enjoy their gameplay.










    Micro & Nano Payments

    The payments market is highly competitive and, at the same time, offers countless innovation opportunities to streamline today’s confusing and ineffective ecosystem.

     

    æternity's unique way of handling transactions brings this to the next level by handling payments off-chain via state channels. This allows them to go through instantly, while retaining your privacy.

    you heard that right, instantly!

     

    Imagine banking for the unbanked, content monetization, paid API calls, decentralized live video streaming and a lot more.


    Roadmap:



    Team:

    FAQ:

    join:

    Links:

    Website:

    Twitter:

    Facebook:

    Reditt

    Slak:

    Github:

    Linkedin:

    Telegram:



  • æternity bounty program

    The best way to get a piece of æternity

    The æternity team is excited to present you the official AE bounty program. This is our first such initiative. More will follow.

    Over the next weeks, we invite you to participate in our campaigns and help us spread the word about the æternity blockchain. By putting yours skills to work, you will have the chance and privilege to be among of the first receiving the fuel, powering the æternity blockchain.

    How big is the bounty?

    For this bounty program, æternity has reserved 1 million AE Token (~ around 1.000 ETH). All of these AE tokens will be fully distributed among the æternity bounty campaign participants. As the total amount of participants is unknown, the AE token will be allocated based on a predetermined amount for each bounty campaign.

    Types of campaigns and funds distribution

    1. Signature campaign bounty: 350.000 AE
    2. Translation campaign bounty: 200.000 AE
    3. Contests: 100.000 AE (Contest #1, Live NOW!)
    4. Blog Article: 250.000 AE (Will be announced soon)
    5. Facebook campaign bounty: 50.000 AE (Will be announced soon)
    6. Twitter campaign bounty: 50.000 AE (Will be announced soon)

    Starting with a signature and translation campaign

    We are announcing our signature and translation campaigns first. There will be other exciting ways to earn AE tokens.

    Fun contests coming up

    With the goal of spicing things a bit, we decided to add a pinch of humor to the the bounty mix. We plan to announce four contests in the coming days and all of them will have a unique theme:

    1. T-shirt design (Now Live!)
    2. Meme contest
    3. Infographic contest
    4. Video contest

    Each contest will distribute 25.000 AE among four winners. Excited already?

    T-shirt design contest — Now Live!

    Find more information, visit the Bitcointalk thread.

    Get the details now!

    For more detailed information and ways to get involved, please visit the official æternity bounty thread at Bitcointalk.

    Get a piece of æternity!



  • The Digital Insurance Marketplace

    Blockchains excel in trust management and transparency. Any bells?

    The entire global insurance market is based on trust management. The process of creating an insurance contract evolved through the centuries, aiming to sell “peace of mind” to anyone with doubts about the future. A simple human interaction — the giving of a promise — slowly became “institutionalized”. The verbal commitment, although never broken by chivalrous men, was simply not in a position to accommodate the complexity of relations between parties with unknown moral stature. In time, “one’s word” became a source of protection only in small, closed communities, while insurance acquired the status of financial product and began to heavily subsidize the pulp and paper industry.

    Today, the insurance industry collects around $5tn a year in premiums(1). One can ensure anything and any risk that can be measured, can be reduced by a promise of payment. However, much like other industries that have accompanied human societies on their path of political, economic and social evolution, the insurance sector has yet to make full use of modern technology. The ripples created by interconnected, computational devices reached the ancient bastions of promise formalizers, but their effects were not as profound as in other sectors. Even today, “insurance is arguably one of the most old-fashioned, analog consumer services in existence.”(2) If it works, why change it?


    Objective Inefficiency

    Information technology is indeed helping the insurance companies reach potential users directly and make better-informed decisions for policy underwriting. These applications of technology, however, are induced primarily by “internal” competition. Everyone in the sector wants a bigger part of the pie and technology provides a way to improve the “façade” of insurance industry.

    On the inside, things look a bit different. “Companies are personal heavy, with agents, adjusters and analysts, comprising more than 2 million jobs (US figures). Systems are of the “legacy” type (read antiquated), built around paper documents. The average age of life insurance agents is 59 years old and it is estimated that there are an average of three duplicate processes in each customer sale. The insurance industry is currently relying on a time-consuming, costly and often opaque system. This results in low customer satisfaction, despite heavy marketing investments. (2)


    Insurance is About to Get “Blockchained”

    The primary feature of blockchain technology is trust management or, even more accurately, the absence of need for trust management. The Bitcoin network is often described as the “first permanent, decentralized, global and trustless system of records”. Even if you know nothing about the technology, your intuition tells you that insurance (perhaps banking too, wink) might be a good use-case for blockchain technology. Trust your intuition.

    Currently, 14 of the top 30 banks are engaging in blockchain proofs-of-concept (PoCs), while 21 of the 63 publicly regulated stock, futures and options exchanges are testing the technology for payments, clearing and settlement (3). Finance and banking are flirting with the idea of consortium and private blockchain PoCs. Transactional efficiency, real-time clearing & settlement, the elimination of third parties and the promise of blockchain programmability (by smart-contracts) are the primary features that attract big finance interest (and money).

    There is one vastly important difference between banking/finance and insurance. “While capital markets or trade finance are based on information asymmetry — an exporter doesn’t share profit margins, for example — insurance demands information disclosure”. Interestingly, the “public” part in “public blockchain” (such as Bitcoin or Ethereum) refers to the fact that all transactions are transparent. If you can identify a network of participants with unique public addresses, you can infer information about their transactions, balance and ability to cover their financial obligations to third parties. There is no need to pay for this information. It is on the public blockchain, free to be used by anyone. Blockchain provides transparency to financial operations. Let’s go a bit further.


    Blockchain Technology — Prerequisite for a Decentralized Economy

    The insurance industry is composed of centralized entities. Decisions on premiums are made by analysts using complex statistical models and various other data. Insurers determine the odds and decide on the amount of their compensations for giving a “promise to pay”. Does this sound familiar to you? If you are thinking of betting, you are on the right track. What insurance companies do is to create a bet, set the odds, select triggers and define execution. You know what? Blockchain technology allows for perfect replication of that process.

    Blockchain for Insurance

    In order for insurance on the blockchain to work, a few features must be technologically achievable:

    Identity of the insured. That can be attached to a unique address (a Bitcoin address in the case of the Bitcoin blockchain), the private key of which is protected by a password and/or 2FA solution. User reputation can be fully managed on the blockchain through digital identities (think electronic signatures). And that’s exactly what the “bookies” (insurers) need.

    Insurer/bookie setting the odds. There must be a way to determine the odds of an event occurring. How about a prediction market? Public blockchain solutions today do not offer integrated prediction markets. This service can only be provided by “attached” systems. This leads to increased complexity and inefficiencies, raising the cost of use. In the case of Ethereum, a prediction market service may be provided by Augur or Gnosis. For Bitcoin, HiveMind is considered the most promising project.

    What is a prediction market? It is a market where users can bet on outcomes. According to Paul Sztorc “Individuals might ‘bet’ on natural disaster, death of an essential leader, election of a ridiculous leader, industry-killing technological innovations, crippling regulatory activities, pandemic, disruptive weather or any other events.”(2)

    In the case of blockchain-based prediction markets, the “bookie” or the insurer is anyone willing to bet on the outcome of an event.

    Blockchain technology for prediction markets will change the relationship between risk modeling and underwriting, completely flattening the bond of trust into a simple marketplace. Blockchain-based prediction markets will become the insurance industry.
    Figure design by Dan Verowski.

    Immutable contracts. On a blockchain, cryptographically-secured smart contracts eliminate any trust-related risk. If event “X” happens, execution is immediate and irreversible.

    Transactional efficiency. Blockchain technology can ensure quick payments and clearing. However, some solutions are better in this than others. Scalability continues to be a big issue for the most popular public blockchains.


    æternity Blockchain — Tailor-made for Disruption

    The æternity blockchain incorporates all features required for a scalable, secure, stable, open and efficient insurance platform.

    Figure design by Dan Verowski.

    Prediction markets are incorporated in the consensus mechanism and allow anyone to bet on the outcome of any event.

    Oracles, using prediction markets enable users to stake digital currency and be rewarded for supporting the correct answer and punished for manipulation attempts.

    State channels enable parallel processing of smart contracts, eliminating scalability concerns for complex user relationships.

    Payment execution can be done off-chain, allowing for transactional speed limited only by peer bandwidth.

    Simply put, the technological opportunities that these powerful features create can potentially make æternity a force of disruption in the insurance industry.

    Figure design by Dan Verowski.

    Would you like to know more?

    Read our scientific whitepaper and/or visit our website.

    References:

    (1) CoinDesk. Report: Blockchains for Insurance. CoinDesk. URL

    (2) Shipley, Erin and Zhuo, TX. Why the recent hype about insurance tech will be just the beginning. TechCrunch. Jun 6, 2016. URL

    (3) CoinDesk. State of Blockchain Q3 2016. CoinDesk. Nov 16, 2016. URL



  • æternity Rewards Campaign (Spanish) Campaña de recompensas æternity

    La principal característica de un proyecto de código abierto exitoso, es su capacidad de integración con su comunidad. En æternity nos encanta estar siempre en contacto directo con nuestra gente, por eso estamos felices de anunciar nuestra campaña de recompensas, en la que estaremos premiando su participación.

    No te quedes atrás.

    Ya hay disponibles dos campañas y dos concursos de los que puedes formar parte; más están por ser anunciados. En total serán 1,000,000 de AE Token(1000 ETH) a repartir entre los participantes.

    Distribución de fondos.

    Así quedan divididas las campañas y concursos:

    • Campaña de firmas: 350.000
    • Campaña de traducciones: 200.000
    • Concursos: 75.000 (#1 anunciado)
    • Artículo de Blog: 125.000 (*)
    • Campaña de recompensas en Facebook: 25.000 (Muy pronto)(*)
    • Campaña de recompensas en Twitter: 25.000 (Muy pronto)(*)
    • Viene mucho más [200.000] (Muy pronto)

    La campaña de firmas (en bitcointalk) no aplica para usuarios Newbie.

    En la campaña de traducciones, solo se aceptará una traducción por persona y está prohibido el uso de traductores automáticos. Los 200.000 AE Token se repartirán entre la cantidad de personas que aporten traducciones válidas. Eneste link puedes revisar cuáles son los idiomas que ya están traducidos o reservados; si conoces otro ¡aprovecha! estás a tiempo de generar algunos ingresos extra.

    El primer concurso es para diseñadores. Se trata del diseño de la franela oficial del proyecto. Estos son los montos a repartir para los más creativos:

    • 1er Lugar: 12.500 AE Token
    • 2do Lugar: 7.500 AE Token
    • 3er Lugar: 3.750 AE Token
    • 4to Lugar: 1.250 AE Token

    El artículo de blog es uno de los mejores pagados. Pueden recibir 10, 20 o 30 acciones del monto total, dependiendo de la calidad del artículo.

    En nuestro hilo de bitcointalk están los detalles de todos los concursos, recuerda revisar todas las condiciones antes de participar.

    Muy pronto serán publicados los detalles de las campañas de facebook, twitter y más concursos. 200.000 AE Tokenquedan por repartir.

    (*) (19.03.2017) La cantidad se redujo a 2 debido al aumento reciente del precio del ETH. Pronto serán anunciados nuevos premios por valor de 200.000 AE.




  • How to Send Ether to æternity’s Contribution Campaign Wallet

    This article explains how to contribute using æternity’s customized webpage.

    Where do you keep your ethers?

    In order to have ether, or any other cryptocurrency, you need to have a wallet. Many types of wallets exist. There are exchange wallets (in Coinbase, Bitstamp, Kraken, etc) hardware wallets (Ledger, TREZOR, etc.), desktop wallets (so many!), mobile wallets (numerous!), paper wallets and different implementations of these same types.

    Do not send ethers or bitcoins from exchanges! The main thing that you need to have in mind when sending to æternity’s contribution ether address is that you:

    NEED TO KNOW/HAVE YOUR PRIVATE KEY

    In order to be 100% sure that your contribution is valid, we recommend using our customized webpage. If you are not sure you own your private keys, you can create an ETH wallet through our customized web wallet page and use it to send your contribution. Here is what you need to do:

    1. Go to <web wallet address>

    There you will see stats regarding the state of the campaign — total size of contributions generated so far in bitcoin and ether, generated AE tokenss, time left, bonuses, etc.

    Scroll down to the “Contribute Now” button and press it.

    2. Select ETH as your contribution method

    You are about to send ether, so select “ETH”.

    PHOTO that includes FIAT

    Fiat contributions will be accepted through a third party service provider at bitcoinsuisse.ch.

    3. Chose type of ether wallet

    Again, if you are not 100% sure you are controlling your private key, select “Generate New Wallet”.

    If you know your private key, have a keystore file or prefer to use your own wallet to send ether directly to æternity’s contribution campaign Ether address, select “Use Your Own Wallet”.

    4. Terms and conditions

    Please read and accept.

    5. Generate wallet

    You will be taken to “Generate Wallet” page. Select of a password and click generate.

    6. Your new ether wallet is ready

    There are three things that you need to do now, but two are of utmost importance:

    IMPORTANT:

    · DOWNLOAD YOUR KEYSTORE FILE

    This file is encrypted with your password (the one you just entered) and will keep your private key safe.

    · SEND ETHER TO THE NEWLY GENERATED ADDRESS

    Send ether to this address now from wherever you prefer — any type of wallet that you store your ethers in. You can use ShapeShift to exchange any other cryptocurrency to ether. Just select the input currency, select ether as the output currency and send to this ether address. You can also the address in a text file, so it is easily accessible.

    · SAVE YOUR PRIVATE KEY

    Just copy/paste your private key in a text file and keep it handy. You can use the same text file that you pasted your public key in.

    You will need this key in the next step

    You should store it, preferably in an offline device such as a flash drive. This private key ensures your access to AE tokens. Without it, you do not own AE tokens. If someone else acquires it, he will also have claim on those tokens.Keep it safe!

    · PRESS “CONTINUE TO CONTRIBUTION”

    OPTIONAL STEPS:

    · Print Paper Wallet

    If you have a printer at your disposal, you can print your public/private key combination on paper. In this way you will have your private key safely stored in an offline environment.

    · Download an unencrypted JSON file

    This file stores your private key in an unencrypted state and thus might be easier to obtain. There is really no point of downloading this file if you have your Keystore file.

    7. Check if your newly generated ether address was credited with ETH

    If you reach Step 8 and your transaction has not received at least one confirmation by the Ethereum network, your wallet balance will not be detected and you will not be able to send your contribution immediately.

    If this happens, click refresh in your browser. You will be taken to the home page of æternity’s web wallet page. Simply click “Contribute Now”, select ETH, select “Use Your Own Wallet” and use your private key or keystore file.

    8. Access your newly generated wallet

    You can do this either using your private key (that should be in the text file that you just created) or the Keystore file. For simplicity, select “Private key”, paste your private key and press “Unlock”.

    10. Enter contribution amount

    Under “Account Address” you will see your Ether wallet address. Just under it you you will see that address current “Account Balance”. If your balance is zero, check Step 7 above.

    You can add a message that will be included in æternity’s genesis block.

    Press “Send Entire Balance”, if you want to send the entire balance of your wallet. This will automatically calculate the amount of gas needed.

    11. Press “Generate Transaction”

    12. Press “Send Transaction”

    13. Confirm your contribution

    This pop-up should appear at the bottom:

    How to check your contribution?

    You can press the “View your transaction” link that appeared in the green box. That will load a Etherscan.io page. However, if you do it too quickly your transaction might not be immediately visible. If it is not, wait a bit and refresh the Etherscan.io page. Alternatively, go directly to Etherscan.io and in the top right box, enter your new wallet address and press search. You will see your contribution transaction.

    That’s it

    You have contributed to the development of what will be the next big project in blockchain technology.

    Thank you.

    Author, 

    Vladislav Dramaliev

    Digital Marketer, Founder of BitHope.org, CryptoCrowd.org & Sofia Crypto Meetup | æternity




  • How to Send Bitcoin to æternity’s Contribution Campaign Wallet


    This article explains how to contribute using æternity’s customized webpage.

    Where do you keep your bitcoin?

    In order to own bitcoin, or any other cryptocurrency, you need to have a wallet. Many types of wallets exist. There are exchange wallets (in Coinbase, Bitstamp, Kraken, etc) hardware wallets (Ledger, TREZOR, etc.), desktop wallets (so many!), mobile wallets (numerous!), paper wallets and different implementations of these same types.

    Not all of those wallets entitle you to direct access to your private keys.

    The main thing that you need to have in mind when sending to æternity’s contribution bitcoin address is that you

    need to know/have your private key.

    Do not send bitcoins from exchanges, ShapeShift-like services, mixers, or any other 3rd party service that does not provide you access to private keys.

    If you are 100% sure that your contribution is coming from a Bitcoin wallet address of which you own the private key, please follow these steps:

    1. Go to wallet.aeternity.com

    There you will see stats regarding the state of the campaign — total size of contributions generated so far in bitcoin and ether, generated AE tokens, time left, bonuses, etc.

    Scroll down to the “Contribute Now” button and press it.

    2. Select BTC as your contribution method

    You are about to send ether, so select “ETH”.

    Author, 

    Vladislav Dramaliev

    Digital Marketer, Founder of BitHope.org, CryptoCrowd.org & Sofia Crypto Meetup | æternity



  • æternity contribution campaign

    This is the 8btc-dedicated ether wallet

    Welcome to the æternity’s contribution campaign!

    Phase 1 of the campaign will start on April 3rd, 13:05 GMT and will last for 3 days [72 hours] until April 6th, 13:05 GMT.

    We have generated a special Ether address for our supporters from the Chinese community. Anyone willing to see the æternity project realized can:

    Send Ether to

    0x3D4e7B94C4Cd25318b55fB81e4a58239481f696d

    IMPORTANT: Only send contributions from Ether addresses of which you have the private keys. Do not send directly from exchanges, ShapeShift-like services, mixers, or any other 3rd party service that does not provide you access to private keys. Contributions from hardware, desktop, mobile & paper wallets of which you have the private keys and/or seed are acceptable. Make sure that you are sending to the correct Ether address of æternity’s contribution campaign. Funds sent to any other address will not be exchanged for AE tokens and will not be returned to you.



  • æternity multisig wallet key holders

    Here are the people who have a key to æternity’s multisig addresses


    Bitcoin key holders (5 of 7)

    • Yanislav Malahov (CEO, æternity)
    • Benjamin Peter Jones (CTO Bitwalla)
    • Martin Albert (EU/Bitalo)
    • Bradly Chun (CEO Mooti.id & Shuttlefund.com)
    • Marion Vogel (Marketing and Operations, æternity)
    • Vladislav Dramaliev (Marketing and Community, æternity)
    • Nikola Stoyanov (Strategy and Business Development, æternity)

    Ether key holders (3 of 5)

    • Yanislav Malahov (CEO, æternity)
    • Philip Frank, (Software Consultant at https://philipfrank.de)
    • Vladislav Dramaliev (Marketing and Community, æternity)
    • Nikola Stoyanov (Strategy and Business Development, æternity)
    • Marion Vogel (Marketing and Operations, æternity)


  • æternity Thank You for the Overwhelming Support!

    We would like to thank everyone who expressed interest in æternity.

    We are humbled and overjoyed that our vision for a scalable smart-contract platform is shared by so many contributors around the world. Your support is a confirmation that performance in a public blockchain is highly valued.

    We would like to thank everyone who expressed interest in æternity in the first 30 hours of our ongoing contribution campaign. Your support in our social channels, chats, groups and forums turned the last few hours in an incredible experience for everyone of us. We are really building an ingeneous and vibrant community.

    This is just the beginning

    There is much work ahead of us but you can be confident that we will build æternity not only to realize our technological aspiration, but to realize a vision shared by so many.


    There are is still 1 day 16 hours until the end of Phase One.

    1 ETH will continue to create 1000 AE token.


    Cap on Phase Two

    Phase Two will begin 45 days after the end of Phase One and will have the follow plan:

    Week 1: 1 ETH = 750 AE token + 50 AE token (in the first 24 hours) Week 2: 1 ETH = 700 AE token. Week 3: 1 ETH = 650 AE token.

    After the community feedback we received and a thorough consideration, we have decided to introduce a cap (limit on further AE token created) for Phase Two.

    The amount of AE tokens created in Phase Two will be determined by the following function:

    Thanks to Nikola Stojanow.





  • æternity TestNet: Installation and Mining

    An easy guide on how to run the fast æternity TestNet node on UBUNTU.

    Welcome to this comprehensive guide on how to run a node and mine on the æternity testnet!

    There are just 10 steps to start mining.

    1. First, it is fundamental that we make sure our system is up to date.
    2. We can do this by using a system console [CTRL+T]  Please use the following commands: update [sudo apt-get update] and upgrade [sudo apt-get upgrade] (you will be asked for a root password)
    3. Following, you may be asked for confirmation to download packages, if so, type “y” and press ENTER
    4. With the following line all node dependencies will be installed:  [sudo apt-get install erlang libncurses5-dev libssl-dev unixodbc-dev g++ git erlang-base-hipe]  (Those are programs and libraries the node needs previously installed to work properly)
    5. With the next line, we will auto-download all node files on our computer:  [git clone https://github.com/aeternity/testnet.git]
    6. The installation process can be continued for these downloaded files. (to install the node) First, we need to navigate to the folder, using: [cd home/YOUR_USER/testnet].
    7. Now we can install the node in the next line: [sh install.sh]
    8. Once installed, we just run it: [sh start.sh]
    9. Next, we can start passing commands to the node. A very interesting one, is mining: [mine:start().]
    10. After a while It will start showing mining data

    Remember, every line should be used without square brackets.

    Wasn’t hard at all, was it? Now have fun mining and tell us, how things are going.



  • æternity Contribution Phase One Overview (FAQ)






    The following is an incomplete overview of what happened and what is yet to happen between Phase One and Phase Two.

    We received many relevant questions from the community in the days after the end of Phase One. We have provided answers to many of you, but thought it is a good idea to summarize them all in a blog post. This is it.

    How much value was contributed in Phase One?

    Total amount of ETH: 120,827.41
    Total amount of BTC: 328.63

    *the only numbers that matter are the ones in the blockchain. A detailed contribution sheet will be released in the next few days.

    How many AE tokens were created in Phase One?

    All of the contributions make up 82% of all AE tokens so far: 139,089,935.08 AE. Additionally, 17% (out of the 100% total) will be reserved for the founding team, the founding company and the foundation (under development). Then there is 1% which is allocated according to a formula (to be finalized in accordance with what is technologically possible and makes sense) to people who have BTC and/or ETH addresses. This will take place at a future point in time, just before the launch of the æternity blockchain.

    How many tokens do I get?

    The tool at the bottom of æternity’s wallet website went through a number of improvements and should now work perfectly for almost all users. There are certain “special” cases that it might not cover, e.g. when you contributed from an exchange.

    If you are certain that:

    • you have contributed cryptocurrency to æternity’s ETH or BTC address, and
    • your transaction is visible on the blockchain

    and yet, for some reason, the tool does not display the correct amount of tokens to which you are entitled, please send us information regarding your transaction to [email protected]. Always include your transaction ID and your sending address. We will try to assist you.

    Find this tool at the bottom of æternity’s wallet website.

    When will I receive and be able to transfer AE tokens?

    All AE tokens will be associated with the public key from which the contribution was sent. If you have sent cryptocurrency from an exchange or another third-party service, please fill in this from. If you sent from an Ethereum wallet contract, the wallet contract ID will be associated with your AE tokens.

    All AE tokens will be distributed to contributors after Phase Two is over. They will be created on the Ethereum network in the form of an ERC20 standard token. Once this is done, you will be able to transfer them by importing your private key into the æternity wallet or by using an ERC20 compatible Ethereum wallet. We will provide a guide on how to do that.

    Will the AE token be tradable on exchanges?

    Yes. Shortly after Phase Two and after the AE becomes an ERC20 token, it is expected to be traded on several exchanges.

    When/how will I get my Ledger hardware wallet?

    Anyone who contributed more than 11.9 ETH in a single transaction, or the equivalent in BTC, is entitled to a æternity-Ledger wallet. We are currently establishing the process of linking a public cryptocurrency address with the required shipping information. Once we finalize this, we will let everyone know what he or she needs to do in order to claim his or her Ledger.

    IMPORTANT: Only single transactions of more than 11.9 ETH (or BTC equivalent) are considered eligible for a Lædger hardware wallet.

    What will happen between Phase One and Phase Two?

    We are starting the process of extending the team by attracting talent from the blockchain space and beyond. We are also organizing meetups and events to grow the community. A few very interesting bounties will be announced soon, so stay tuned. Check out the æternity Meetup bounty.

    On behalf of the team, we want to thank all contributors! æternity will be a blockchain built to last!
    Thanks to Lior Zysman, Vladislav Dramaliev, and Dan.



  • æternity Wiki Bounty Campaign 1000 ETH Bounty

    The æternity Wiki is now LIVE! Would you like to help improve it? We have some AE token for you!

    Wiki Pages are so Informative!

    We have spent long hours exploring the Bitcoin and Ethereum Wiki resources. Such knowledge banks are undoubtedly a fundamental, primary resource of information for many projects in or outside of the blockchain sphere. æternity now has one too and you can help improve it!

    How to Contribute

    To contribute, one needs to sign up for a free GitHub account.

    Then go to the æternity Wiki and press “edit” or “new page” as appropriate, make the changes and press save.

    The bitcoin wiki can serve as a great role model on what we would like to accomplish with æternity Wiki. Becoming a comprehensive source of information on æternity among general information on blockchains.

    Note, contributions must be original. Your copyright will be surrendered to the æternity project and published and the æternity Libre, Free and Open Source license.

    Non-original contributions are possible, if the content is under a Free and Open Source license we can comply with an advertise proper attribution of the source.

    Let’s make the Wiki great (again)! :)

    Wiki Contributor Bounty

    There is a 1000 ETH bounty for contributors to the æternity Wiki. Bounty is open to everyone. Bounty will be distributed as follows.

    When Phase Two of æternity’s contribution campaign starts, we will look into the git history.

    • 50% of the bounty will be distributed among all participants.
    • The remaining 50% of the bounty will be distributed to the top 10 quality Wiki contributors.

    Since the evaluation of contributions can be quite subjective, please do not participate by editing the Wiki solely for the bounty. Always have in mind that your contribution might not get the appreciation that you think it deserves.

    The bounty is sponsored by Simply VC Co Ltd, a subsidiary of Simply Holding Co Ltd.



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