EMU 2018Q2 - Æternity: Blockchain technology in Erlang & Elixir

Blockchains based on Erlang and Elixir have become a hot topic where progress is being made, and not just spoken about. The æternity project posits that functional languages like Erlang are the solution to scalability and reliability.

æternity has put together a team of well-known professionals from the Erlang/Elixir communities, including Ulf Wiger, John Hughes, Robert Virding, and Erik Stenman. Guided by Yanislav Malahov, æternity’s founder, these brilliant minds are building a next generation blockchain.

æternity is a decentralised æpps platform. It scales through state channels that run smart contracts. It introduces a new language that supports formal verification and allows to write simpler, safer code. The VM accommodates compiled Solidity contracts. æternity uses an ASIC-resistant, memory-bound Proof-of-Work (PoW) with less than 15 seconds block time. It features an integrated naming system and oracles, which could be used to request and access data from various data providers.

Most importantly, all components are native features of the æternity system. They are not meta layers on top of a blockchain (like Lightning, Raiden, Oraclize), but parts of the core protocol. This ensures unmatched efficiency and significantly reduces the cost of running smart contracts and making lightning fast transactions.

Agenda

18:00 Registration, food & drinks

18:30 Ulf Wiger "Challenges and Advantages of using Erlang in Cryptocurrencies"

19:00 Michal Zajda "æternity: improving latency of the consensus with Bitcoin NG"

19:30 Thomas Arts "Using Property-Based Testing in Blockchain and P2P Networks"

20:00 More networking
21:00 See you next time!