Founded in 2016, æternity is an open-source, blockchain-based distributed computing platform that builds on decentralized cryptographic P2P technology. Designed to deliver unmatched productivity, transparent governance, and global scalability, æternity offers blockchain technology with an open consensus mechanism that is as efficient and cost-effective as possible.
Programming complex relationships for a global user base, æternity can handle large volumes of information transfer. It's unique state channel design enables the off-chain verification of transactions data and smart contracts, allowing for all transactions to be independent of each other, thereby increasing transaction speed and scalability while also ensuring increased privacy.
æternity features an integrated naming system and oracles, which could be used to request and access data from various data providers. Perhaps most importantly, all æternity components are native features of the blockchain system. They are not meta layers on top of a blockchain but parts of the core protocol. This significantly reduces the cost of running smart contracts and making lightning fast transactions.