Meet the Visionaries Behind Aeternity
In a world brimming with techno-enthusiasts and blockchain innovation, two names stand out: Yanislav Malahov, a computer scientist, and Andreas Kohl, a self-styled anarcho-capitalist. With a mission to reconstruct the bedrock of modern smart contracts, they launched Aeternity, a software company designed to skyrocket the speed, reliability, and scalability of blockchain technology.
The Magic of State Channels
What if I told you there’s a way to make transactions faster without the usual blockchain slowdowns? Malahov boasts that Aeternity processes smart contracts through state channels—think side-chains but cooler. Rather than everything occurring on the main blockchain, which is reasonable for a congested freeway, Aeternity allows for smoother traffic with less opportunity for crashes or slow-motion drama.
Breaking Down Barriers
“Our Blockchain can give the people of this planet greater access,” Malahov explains, with stars in his eyes. He’s not just thinking of financial elites; he aims to pull the underserved masses into the financial spotlight. Aeternity even taps into real-world data, breaking free from the chains of centralized sources. Imagine accessing vital information without needing permission from a corporate overlord—sounds like a dream, doesn’t it?
A Libertarian’s Dreamland
Ever heard of a crypto-sorcerer conjuring a libertarian paradise? That’s precisely what happened when Malahov set up shop in Liechtenstein, inspired by Prince Michael’s enthusiasm for blockchain technology at a tax conference. Talk about networking! Both Malahov and Kohl believe that the transparency and trust between entrepreneurs and local authorities there are unparalleled. Who knew a tiny principality could be the breeding ground for blockchain innovation?
A Bit of History
Malahov isn’t just your average tech wizard—he claims to be the ‘Godfather of Ethereum,’ having collaborated with some of the most significant figures in cryptocurrency, including Gavin Wood and Vitalik Buterin. In his own words, he was involved with Ethereum before it even had a name. It’s like announcing yourself as the champion of a race while the track is still being laid!
A Lifelong Journey
Born in Bulgaria and educated in Germany, Malahov’s journey into the tech world stems from a deep awareness of economic inequalities. He states, “I always thought that something is broken here,” echoing the sentiments of many who felt the sting of financial crisis. Blockchain, he believes, is the remedy for a system that hasn’t been fair for everyone. Thank you, Bitcoin and friends!
The Competitive Landscape
Enter the battlefield of blockchain—with foes like Gnosis, Synereo, and the famous Ethereum. The race to sell Aeternity tokens is on, with plans set for the first quarter of 2017. In this tech duel, Aeternity emphasizes a cohesive consensus mechanism, smart contract storage, governance improvements, and, wait for it—Erlang coding, which stands the test of time in programming languages.
Peer Reviews
Trent McConaghy, co-founder and CTO at BigchainDB, praises Malahov’s innovative take on decentralized processing. By taking the state channel approach to new heights, he asserts, “It makes it easier to connect emerging decentralized networks.” Just imagine Aeternity as the TCP/IP of decentralized processing—way to put some heft behind it!
