Æternity is a blockchain based smart contract platform designed to solve some of the most pressing issues found in current solutions like Ethereum. It leverages several concepts and technologies previously employed in projects like Truthcoin, Augur, Namecoin and Factom, to provide an general purpose platform with advanced governance, scalability, scripting safety and cheap access to real world data. Governance “the platforms are limited in their abilities to update themselves, in order to adapt to new technological or economical knowledge” Æternity uses a hybrid Proof-of-Work and Proof-of-Stake consensus mechanism. The PoW algorithm used is a variant of the “Cuckoo Cycle”, which requires less electricity to run but has another limiting factor, the memory latency availability. This algorithm makes it possible to mine with a smartphone without losing considerable performance, making mining a truly decentralized and accessible practice. The governance model is included in the c
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