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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.
The Devil goes to greet them and finds them talking with each other, unfazed that they are to spend an eternity in the Hell.
So the Devil reminds them they are to spend an eternity in here to which the Canadians reply "We know, it's just in Canada we rarely get weather like this where you can wear shorts"
Aggravated the Devil gets an idea! He goes to the thermostat and kranks it up thinking no one is allowed to be happy in Hell. But when he heads over to the Canadians they are joking around with each other and having a great time. "WHY ARE YOU GUYS SO HAPPY!?" "Well it's just in Canada we don't get weather this great and we love barbeque weather!"
Finally the Devil realizes his mistake, he runs over to the thermostat and turns it all the way down, colder than its ever been on Earth before. While walking back to the Canadians all the damned souls are crying out to him pleading to turn the heat back on. Satisfied that this will show the Canadians he is alarmed when he sees them jumping for joy screaming "FINALLLYYY!!"
"HOW DOULD YOU POSSIBLY ENJOY THIS!!?!?" yells the Devil
To which the Canadians replied "Hell froze over! That means the LEAFS WON!!!!"
I work in the academic research community amongst many scientific researchers and there has always been an unsolved problem since the beginning: everyone wants data for their research but no one is willing to share their data, let alone spend the time and effort sanitizing their data properly so that it is usable for public consumption. Therefore, I have come up with a very unique use case that will solve this very challenge. Every research study can run oracles as the gatekeepers for their data. Through the use of smart contracts as well, the data can be shared in a standard format that is accepted to be widely consumed by all the other scientific researchers in the community. Every time any scientific researcher is looking for data, they can query the respective oracles in the network to request and retrieve their needed data. Additionally by using oracles, these large data sets would not be required to be stored on the blockchain itself, rather only the metadata essential for the data set would be recorded. The data can be verified through the respective metadata hashes in order to prove that the data has been unaltered. Smart contracts can also be written to provide an immutable feedback system in order to gauge the quality of the data sets. This entire architecture can provide an incentive for research studies to promote and publish their data to the public as they can receive fees in return, and scientists can in turn conduct their research on high-quality data provided by other scientists around the globe.