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Aeternity-in-the-blockchain-space.md

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The blockchain space is growing at an exponential rate each day and there are many players in the space, so how does aeternity compare?

Comparison Table

Bitcoin:

First mover advantage in cryptocurrency giving it a huge head start but also a first mover disadvantage - it's old technology, no smart contracts, small blocks with slow 10 minute block times.

Æternity is brand new technology on a Lightning Network with smart contracts, oracles & state channels.

Ethereum:

Ethereum also has a first mover advantage in the smart contract space and a huge amount of learning's were generated in the first years. Æternity is taking these learnings and resolving these issues.

On Ethereum Smart-contracts exist On-chain for multiple blocks. They hold state and can interact with other contracts. It only provides a ground layer for Smart-Contracts, with no coherent design, no coherent API for web apps, no naming system or Oracles. All these are being built on top of the Block-chain.

On æternity contracts only exists for a moment. They are settled independently of all the other contracts via state channels. This solution makes the blockchain use-cases and throughput more scalable for mainstream adoption and adequate to private use cases.

(Compare with dapps?)

Augur:

Prediction market based on using the Ethereum decentralized network to create an accurate forecasting tool

(Technology used, user base, comparisons)

Gnosis:

Futarchy / governance - how this compares.

dApp on the Ethereum blockchain vs aeternity

Realitykeys external oracle provider intergration

(Comparisons on both to aeternity, i.e. it will use its down blockchain)

Cosmos:

Communication lines between different blockchains, could be used as a trust-less exchange