• Jul. 21, 2017, 1:54 pm

Aeternity announces public testnet

Software developer Aerternity has started open testnet trials of its flagship platform on GitHub, a website which hosts code for programmers. Aeternity is a software developer seeking to increase blockchain processing capacity.

The move to GitHub allows Aeternity to solicit public feedback on its planned blockchain solution for storing, verifying and executing smart or automated contracts, founder Yanislav Malahov said.

As detailed in a white paper, state channels are integrated into the core blockchain design to increase privacy and scale capacity.

Aeternity GitHub users can download the code, compile, and run a test version of the latest software on open source operating system Ubuntu. Users will also need Erland, a general purpose, concurrent, functional programming language and additional libraries.

The testnet will feature a basic proof-of-work model of consensus but the fully-fledged ‘mainnet’, or full version platform, will be based on a hybrid, proof-of-work and proof-of-stake consensus mechanism. It is slated to launch early next year.

The blockchain platform will be fueled by aeon tokens which can be purchased with fiat or digital currency.

 

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