æternity uses the accounts model which makes all transactions public by de-fault. With the implementation of Generalized Accounts, a unique technological feature, it is possible to sign transactions with a very high degree of flexibility.
Easily set up private blockchain networks using æterni-ty protocols
From a cryptographic point of view, the protocol uses Blake2b (256 bits digest) and ed25519. It also supports Schnorr Signatures. Communication between nodes is encrypted with the Noise Protocol.
Setting up a private blockchain network based on the æternity protocol for enterprise or governmental use is quite simple.
Additional ways private blockchains can benefit from æternity’s technology:
Instead of a huge block with 180,000 transactions in 3 minutes, we can create 60 reasonably sized microblocks of maximally 300 KB in the same 3 minutes. This has several advantages for network latency as smaller blocks are easier and faster to gossip through the network.
Growing connæcted
Oracles are a mechanism for bringing external data onto the blockchain, which can then be used in smart contracts.
This can be sensor data, news events, stock prices, results of a match, supply chain data, etc. By nature, they are public but the good news is that æternity blockchain offers many ways to make oracle answers private.
As æternity creates an ecosystem for accessing and storing external real-world data from large databases via its on-chain oracles it enables secure integration of this data into smart contracts.
External data may come from a large database, possibly also accessible in dif-ferent ways, made accessible to the blockchain via the oracle. Oracle answers are by default publicly available and thus special care would need to be taken in order to make it private.
As a result, all applications monitoring state changes in the state of business process can be tracked seamlessly. This creates an opportunity to develop a wide range of applications especially in the supply-chain industry.
Hyperchains
Hyperchains will enable æternity blockchain to leverage the security of a mas-sive blockchain such as Bitcoin, which is highly unlikely to be subject to attacks and in turn provide the parent chain with the option to use smart contracts.
From basics to advanced tutorials, video and blog tutorials, but also an opportunity to submit the ones you have prepared
The Sophia smart contract language is the functional mark-up language (ML), created to better
