In 2016, Yanislav Malahov, Zack Hess, and Jack Pettersson launched Aeternity (AE), aiming to address the limitations of existing smart contract platforms.
As a modular blockchain network, Aeternity plays a crucial role in smart contracts and decentralized applications (æpps) by offering scalability through state channels and interacting with real-world data via oracles.
As of 2025, Aeternity has established itself as a comprehensive platform supporting numerous æpps, with identity management and proof of existence applications being among its initial offerings.
Aeternity was created by Yanislav Malahov, known as the "godfather of Ethereum," along with former Augur core developer Zack Hess and former Synereo core developer Jack Pettersson in 2016. It aimed to address the scalability and real-world data integration issues faced by existing blockchain platforms.
Born during the blockchain technology boom, Aeternity's goal was to revolutionize smart contract functionality by providing scalable and efficient solutions for decentralized applications.
Aeternity's launch brought new possibilities for developers and users seeking more efficient and practical blockchain applications.
With the support of its community and development team, Aeternity continues to optimize its technology, security, and real-world applications.
Aeternity operates on a decentralized network of computers (nodes) worldwide, free from control by banks or governments. These nodes collaborate to validate transactions, ensuring system transparency and attack resistance, granting users greater autonomy and enhancing network resilience.
Aeternity's blockchain is a public, immutable digital ledger recording every transaction. Transactions are grouped into blocks and linked through cryptographic hashes, forming a secure chain. Anyone can view the records, establishing trust without intermediaries. State channels and off-chain processing further enhance performance and scalability.
Aeternity employs a hybrid consensus mechanism combining Proof-of-Work (PoW) and Proof-of-Stake (PoS) to validate transactions and prevent fraudulent activities like double-spending. Miners and stakers maintain network security through mining and staking and are rewarded with AE tokens. Its innovations include improved energy efficiency and higher transaction throughput.
Aeternity uses public-private key cryptography to secure transactions:
This mechanism ensures fund security while keeping transactions pseudonymous. Additional security features include state channels for off-chain transactions and oracle integration for secure real-world data interaction.
As of November 24, 2025, Aeternity's circulating supply is 437,501,305.49932 AE, with a total supply of 536,306,702 AE.
Aeternity reached its all-time high of $5.69 on April 29, 2018, driven by the overall cryptocurrency bull market at that time.
Its lowest price was $0.00325234, occurring on October 11, 2025, likely due to broader market downturns or specific challenges faced by the project.
These fluctuations reflect market sentiment, adoption trends, and external factors affecting the cryptocurrency space.
Click to view the current AE market price

Aeternity's ecosystem supports various applications:
Aeternity has established partnerships to enhance its technological capabilities and market influence. These partnerships provide a solid foundation for Aeternity's ecosystem expansion.
Aeternity faces the following challenges:
These issues have sparked discussions within the community and market, driving continuous innovation for Aeternity.
Aeternity's community shows vitality with 130,328 holders as of November 24, 2025. On X, posts and hashtags related to Aeternity often trend, reflecting community engagement.
Sentiment on X presents a mixed picture:
Recent trends show varying sentiment correlating with market movements.
X users actively discuss Aeternity's technological advancements, potential use cases, and market performance, highlighting both its transformative potential and the hurdles it faces in mainstream adoption.
Aeternity redefines blockchain technology by offering state channels and decentralized oracles, providing scalability and real-world data interaction for smart contracts. Its active community, rich resources, and technological innovation make it stand out in the cryptocurrency field. Despite facing challenges such as market volatility and adoption hurdles, Aeternity's innovative spirit and clear roadmap position it as a significant player in the future of decentralized technologies. Whether you're a newcomer or an experienced player, Aeternity is worth watching and participating in.
In business, AE typically stands for Account Executive, a role responsible for managing client relationships and sales.
AE in medical terms typically stands for Adverse Event, referring to any unfavorable or unintended medical occurrence in a patient during treatment.
AE stands for Aeternity, a blockchain platform designed for scalable smart contracts and decentralized applications.
AE stands for Aeternity, a blockchain platform designed for scalable smart contracts and decentralized applications.
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