Emmet's new fav ! Blockchain tech
written in Erlang & Etherium smart contract based = +1 for time based blockchain parsing, calculations...
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. 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. 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. 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) 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. aeternity web page LINK: http://www.aeternity.com/technology
ERLANG / Heart Beacon Cycle support for a distributed system of systems: "Erlang is a programming language which has many features more commonly associated with an operating system than with a programming language: concurrent processes, scheduling, memory management, distribution,