Welcome to the World of Lima
Date: November 5, 2023 – the day that will be remembered as a landmark for the blockchain platform Æternity. The core development team just dropped a software update that is sure to make waves in the crypto ocean. Dubbed Lima, this upgrade doesn’t just update the app store; it’s a full-on renovation of the space!
Virtual Machines: Efficiency on Steroids
A big claim made in the press release is that Æternity’s Fast Æternity Transaction Engine virtual machine is ten times more efficient than its competitors. That’s right, ten times! Imagine your morning coffee run where you could grab ten cups of coffee for the price of one. Not only does the new machine beat others in efficiency, but it also promises to reduce gas consumption significantly when executing smart contracts. Now that’s a road worth traveling, and not just for Prius owners!
Democratizing Governance
The update has introduced a shiny new governance system, complete with a delegated voting mechanism to amp up voter participation. If the idea of blockchain governance had you sleeping, this is the equivalent of a triple espresso! According to Æternity founder Yanislav Malahov, this represents a new chapter in their journey from a small team to a thriving community-led ecosystem. You know what they say, power to the people!
“Æternity grew from a team of core developers to an ecosystem built by its community.” – Yanislav Malahov
The Naming Game
Lima also rolls out the official Æternity naming system, lovingly referred to as .chain. Think of it as the blockchain equivalent of personalized license plates, where you can map names to any address, and they’re going up for auction! Imagine telling your friends you bought CoolCat.chain for your smart contracts – just pushes the envelope on bragging rights, doesn’t it?
A Meanwhile in Qtum
And while we’re talking hard forks, let’s not forget Qtum, which recently completed its first-ever upgrade to Qtum 2.0. Seems like everyone is getting in on the upgrade game – but hey, we all need a fresh haircut every now and then!
Final Thoughts
The Lima upgrade is more than just an update; it’s a clear challenge to Ethereum and the existing blockchain giants. The changes aim to create a user-friendly space for developers looking to build decentralized applications that actually scale without becoming a bureaucratic nightmare. Sounds like the future is bright for Æternity, and it’s about time!
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