Aeternity blockchain is a decentralized, open-source protocol that supports smart contracts and can run decentralized applications (dApps). Its design features inbuilt fault tolerance mechanisms.
The Aeternity protocol offers a highly scalable environment for dApps via its trustless off-chain scaling using State Channels technology. This makes it possible for the blockchain network to handle billions of transactions and users.
AE is the native cryptocurrency of the Aeternity blockchain and serves as its utility token. Users and dApps can pay transaction fees using AE coin.
Aeternity protocol employs miners to perform decentralized governance within its ecosystem. Holding AE coins empowers users to vote on proposals about future upgrades, giving them a say in how the blockchain evolves.