Aeternity

Aeternity is a decentralized application platform and blockchain founded by Yanislav Malahov. Launched via an ICO in 2017, its mission is to address the challenges of scalability, security, and efficiency in blockchain technology. The platform's core features include state channels for off-chain scaling of smart contracts, a unique consensus mechanism combining Bitcoin-NG and Cuckoo Cycle mining, and built-in oracles that connect smart contracts with real-world data without relying on external services. The native utility token of the Aeternity network is AE, used for transaction fees and powering the ecosystem.