Tasks and News
What is AirGap Vault and Wallet in AE security course 4 and why should it be downloaded? Does that mean Aternity wallet is not safe? Is it not possible that Aternity wallet guarantee safety and convenience by itself? When I log in Aternity app, it is hard to understand for me to be asked to create a new wallet every time. Additionally, the users should be able to create account name instead of Accounts # 1, # 2, and # 3. And why is 16.62 MICRO AE required to register the preclaim name?
There are many difficult aspect in Aeternity App to understand overall. Therefore, a specific explanation for the user will be required.
The æternity project has great potential and can be used for several important objectives. I've seen it a lot of times on coinmarketcap but I never bothered to look it up. I'd like to state here that prior to seeing it here on Crowdholding, I didn't know anything like an Oracle Machine. As you said, it is one of the most unique assets of any cryptocurrency I've come across. It sorts of operates on the principle "If you have nothing important to tell me, don't say anything" which is impressive. I visited the æternity website and it's quite authentic. A lot of ideas are in place and the roadmap is closely being followed. There are as many as 52 team members and considering the dominance of æternity in the coinmarketcap top 100, it's evident that you guys are putting in a lot of hard work. I think æternity will be a great project to invest in considering the numerous potential uses it has and also the fact that its all-time high value is $5.86 (on CMC). It has the potential to rise again. I also think it's security system is solid considering its innovative state channels.
Now onto the use case ideas.
It can be used for selection and placement of students into colleges and universities based on their GPAs or SAT scores. Lets say a school's DApp using AE’s blockchain allows students to apply to their school by submitting their results. The smart contract can have rules for doing the job such as "GPA greater than 3.7 or SATs greater than 1,999". The oracle can check if these rules were met after the students submit their results and then tell the smart contract to enlist them as admitted. The students can then proceed to pay their fees.
Sports betting companies can employ the AE blockchain in building Dapps that pay stakers or allow stakers to pay after the outcome of a match. The smart contract can be given rules for doing the job such as "Pay if Real Madrid win but receive payment of Real Madrid lose". The oracle can check if these rules were met after the match is played and then tell the smart contract to make payment or receive payment. Considering the number of matches of different sports played worldwide and the number of betting companies there, this can be a serious opportunity to jump on.