Article Summary, Automatically Generated By AI
Summary of AET Public Chain
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Purpose:
Establish a global financial framework for digital currencies and a digital finance ecosystem. -
Consensus mechanism:
DPoS (Delegated Proof of Stake) -
Technological frameworks:
Integrates advanced frameworks and the Cosmos ecosystem. -
Compatibility:
Compatible with the Ethereum Virtual Machine. -
Consensus mechanism for instant confirmations:
Tendermint. -
Security:
Composite node system with encryption algorithms for data integrity. -
AET TOKEN:
Native token of the AET WORLD ecosystem. -
Token utilities
About AET Token
The AET Public Chain is an infrastructure designed to foster economic autonomy, providing a global financial framework for digital currencies and a comprehensive digital finance ecosystem. It strives to create a robust digital economy, facilitating the seamless circulation, trading, and settlement of digital currencies within the business sector. By incorporating the DPoS consensus mechanism and integrating advanced technological frameworks, as well as the Cosmos ecosystem, the chain ensures a secure and efficient environment. Furthermore, its compatibility with the Ethereum Virtual Machine enables instant confirmations through the Tendermint consensus mechanism. The composite node system reinforces security defenses, guaranteeing data integrity through advanced encryption algorithms, thereby ensuring a secure and reliable platform for digital transactions.
The AET TOKEN serves as the native cryptocurrency of the AET WORLD ecosystem, playing a pivotal role in facilitating a multifaceted experience. Upon the launch of the public chain, users will be allocated the AET TOKEN through a seamless mapping process. This versatile token boasts a wide range of utilities, including payment for AET transaction fees, serving as an ecological incentive, and enabling staking, decentralized finance (DeFi) activities, cross-chain transactions, and governance voting, thereby fostering a dynamic and interactive ecosystem.