Aeternity and Erlang unite forces to address blockchain scalability

The partnership will strive to effectively serve billions of potential users
29 January 2018   1104

Last week distributed computing platform aeternity partnered with fault-tolerant systems developer Erlang Solutions. Aeternity is going to scale its distributed network with fault-tolerant systems with the assistance of Erlang. It will allow to serve billions of users to further drive the adoption of blockchain technology. In addition to scalability, the partnership aims to address consensus-related mechanisms.

To achieve the scalability, aeternity brings in the concept of “state channels”: because only the people affected by the transaction need to know about it, then the parties instantiate some state on a blockchain and send signed updates to this state between each other. Thus, transactions are conducted as fast as information can travel, and channels stay independent from each other which in turn allow parallel transactions.

Regarding the consensus mechanism, it is a hybrid of Proof-of-Work and Proof-of-Stake: Proof-of-Work determines block-order, while the hybrid algorithm will determine the answers of oracle questions and system variables.

As for Erlang, the blockchain itself, the contract language, the virtual machine, the oracle and governance mechanisms are written in Erlang. The specifics of the language is that it allows to write code that can respond to many requests and doesn’t crash. On top of that, the servers with the highest uptime in the world are based on Erlang.

The launch of main network is scheduled for Q2 of 2018.

The users on Reddit reacted positively on the news about the partnership some gave predictions:

@murt «Aeternity has been one of the best kept secrets in crypto but looks like it's starting to break out now. Will be $1B market cap in no time».

@davidsho1 «That's huge partnership. Erlang solutions processes for billions of users. Possibly biggest news in blockchain period. Too bad noone knows aeternity. Only a matter of time before word gets out. 100$ aeternity on mainnet very likely. This project has enormous potential».

@izroda «AE bull run, important new partnership, what more can you want from a Saturday».

Elixir Club 11 in Ternopil

Elixir developers' event will take place on June 23, 2018, in Ternopil, Ukraine
28 May 2018   738

Elixir community, let’s gather in Ternopil!

We are pleased to invite you on Elixir Club 11 in Ternopil, June 23!

If you are passionate about Elixir programming and interested in technology, then come on Elixir Club 11. You will meet the same people as you are, get live communication and some new knowledge, find answers on your questions.

Programme

Stefan Wintermeyer

Topic: "WebPerformance - Why and How?"

Stefan Wintermeyer,
Stefan Wintermeyer

A dive into the topic of fast webpages. Why does a specific webpage load fast or not? Why is it important? What's the difference between a mobile user on a 3G network and one on a fiber connection? What can be done on the server? Is JavaScript the solution or the reason for this problem?
 

Stefan Wintermeyer

Phoenix Framework developer

Eugene Pirogov

Topic: "ElixirConf Eu 2018, what was it like?"

Eugene Pirogov
Eugene Pirogov

Elixir programming language is raving around the world. Every year tens of community events are being organized to promote and share experience related to this beautiful programming language.
 

Eugene Pirogov
Senior Back-end developer

In April Eugene Pirogov visited one such event – "ElixirConf Eu 2018", a conference held in Warsaw, Poland. He is going to go through the presentations he attended, topics elixir community is exploring these days and finally talk about some exciting upcoming features in Elixir and Phoenix web framework.

Viktor Deryagin

Topic: "Implementing GraphQL API in Elixir"

Viktor Deryagin
Viktor Deryagin

GraphQL is an increasingly popular way of building web APIs, and Absinthe library makes Elixir a really convenient choice for doing it. This talk is about our team's experience of implementing GraphQL API powering popular marketplace for educators Teachers Pay Teachers. I'll tell about challenges we faced in evolving the API over time, monitoring, and leveraging features of OTP to address performance & scaling issues.
 

Viktor Deryagin

Yurii Bodarev

Topic: "GenServer in action"

Yurii Bodarev
Yurii Bodarev

Others will be added soon.

Buy a ticket.

Elixir is a young language, so every developer can come forward and share experience, get a powerful feedback and supporting from a friendly community. We invite you to suggest your speech by filling in the form. Come to us and try yourself as a Speaker.

Also, you can feel free to discuss your problems or solutions on lightning talk. You could suggest your speech via filling in the form or writing down on the board during the conference.

Thanks to our sponsors: Wise Engineering, Aejis.

We are welcome students for your willingness to learn and we give 50% discount via the promo code "student". Please send your student ID’s scan to make your registration on the event faster.

Also, we are welcome parents of a small baby (0-3 years) on maternity leave, who want to grow their skills with growing the kid. You can get a special discount for the ticket with promo code "GrowWithYourKid". Please take kid’s birth certificate with you to confirm the status.

We conduct all our events in a friendly atmosphere and we are always glad to get new people excited with Elixir on our events.

If you have any questions or suggestions, don't hesitate to contact us via cell phone: 099 202 6308 or by email: elixir.club.org@gmail.com

Buy a ticket.