A new way to scale Ethereum

The problem

At this time, the throughput of Ethereum Main Net is 15 transactions per second. But there are 7.4 Billion people in the world, if each of them makes only one payment per day, we would need an Ethereum network that executes 86 thousand transactions per second.
While scaling non-programmable blockchains isn't a big issue yet , scaling smart contract platforms is becoming an important and very difficult task. The root of the problem lies in the algorithm of blockchain creation, which is serial by design and can't be parallelized easily. The working of blockchain in a sequential way, that is, the computation of hash functions for every change to the account balances has made blockchain technology reliable, but this property that provides reliability, becomes a weakness when we try to scale. Sequential processes do not scale, only processes that can be divided into parallel tasks can do this, and if we add to the problem the ability of smart contracts to send funds to any address under any condition, scaling task becomes a total mess. Or simply said:blockchains do not scale, and if you still attempt to do it, the results obtained will not match your expectations .
Even Ethereum's competitors who have sold scalability feature to their investors, didn't provide any numbers supporting their promises. Millions of dollars were invested in blockchain scaling without a single benchmark, that is, precise measurements that prove that the processes will indeed deliver required speed to scale.
And now we are facing a sad reality: Ethereum network has nearly 15,000 nodes, but the real computing power of these nodes to execute smart contracts is equal to a common desktop computer, like the one you are currently using to view this web page. It is not possible to meet the demand of the whole world with such a small capacity. Sharding is not coming soon, it is still in the research stage, so what do we do?

The solution

The solution to this problem is much easier than you think, it is not a technological challenge, but rather a paradigm shift. Instead of trying to scale a single blockchain, we can use parallel blockchains that work independently. It is not the ideal solution, but it will allow us to scale Ethereum trully to infinity, without being limited by hardware.

AfterEther has created another Ethereum network to allow more people to use Ethereum platform. Another network, 100% compatible with Ethereum will help Ethereum users run ICOs & DAPPs. And, if two networks is not enough, we are ready to launch another one, and another one, and another one... By creating blockchains working in parallel, AfterEther can expand Ethereum endlessly. We will not scale a single blockchain, because blockchains are not scalable things by its very nature. But we will scale Ethereum as a platform and give everyone the opportunity to run smart contracts. Our solution is easy to implement, it is safe and it is available today. This solution will not deviate from the original architecture of blockchain technology created by Satoshi Nakamoto himself, while Plasma and Sharding have a completely different architecture that will require a lot of testing before it can be fully trusted.

Ethereum users need another Ethereum network, join us and become part of a new success story!

Our goals

While the Ethereum Foundation is busy working on the internals of the cryptocurrency engine itelf, AfterEther will focus on software for the end-users. We will meet the demand for applications, smart contracts, tools and other software that users will need.

Our strategy is not to compete, but to work in the same direction as the Ethereum Foundation , expanding Ethereum as a platform for smart contracts. We want Ethereum to become the future, so two teams working on the same idea will do it faster and will build more strength to compete with other cryptocurrencies.

For investors, our goal is to ensure long-term profit. We want to repeat another rise of Ethereum, but now using another network. Contact us by email for a detailed business plan.

AfterEther
White Paper

Blockchain Scalability by
Blockchain Clustering


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Vision

  • Our Vision is to complement and not compete by staying 100% compatible with Ethereum.

  • To build solutions to issues, plaguing the blockchain technology worldwide.

  • To focus on scalability in Ethereum and aid mass adoption.

Mission

  • Our Mission is to create and develop networks based on Ethereum.

  • Facilitate scaling and create additional applications and blockchain management tools.

  • Invite blockchain user community and potential user base worldwide to join AfterEther.

Roadmap

PROJECT LIST

If you need anything else, please contact us to discuss your idea, and we will consider it in the roadmap.

1. AfterEther Wallet for Ethereum

AfterEther Wallet is a State of the Art wallet for Ethereum. It includes many features not available anywhere else. It is open source software, it is free, easy to use, and it incorporates transaction simulation for extra safety.



More info about the wallet can be found here: AfterEther Wallet for Ethereum

2. EthBot: Ethereum blockchain to SQL converter

Ethbot extracts all the value transfers from Ethereum blockchain into a SQL database. SQL is a widely known standard and it allows easy data management. This tool will help developers build applications faster, without learning Ethereum API. It is also very useful to collect blockchain statistics. At AfterEther we are using EthBot to display account transactions and historical account balances.

More info about EthBot can be found here: Ethbot: blockchain to SQL converter

3. AEX: Web based Ethereum blockchain explorer

AEX is a web-based Ethereum blockchain explorer. Its main advantage over Etherscan is that it shows account balance history similar to a bank statement. With this explorer you know exactly when was a transfer made to your account, and for how much.

More info about AEX can be found here: AEX: AfterEther blockchain Explorer

4. Mining pool software

Right now, to set up a mining pool you need to be an expert in Ethereum, server maintenance and programming. AfterEther will provide users an easy-to-use mining pool software to allow anyone to create a mining pool without any technical knowledge. AfterEther will put an end to centralized mining and this way reduce the risk of 51% attack.

Information about this project is not available yet, it is still in the design stage.

5. Cold Wallet for Ethereum

AfterEther will put on the market inexpensive cold wallets for Ethereum. The main idea is to install AfterEther Wallet on Raspberry Pi or any other cheap single board (ARM based) computer with an LCD display. This way we are going to reduce the price of a cold wallet with LCD to around 50 USD or less.

Information about this project is not available yet, it is still in the design stage.

Buy AfterEther

By investing in AfterEther, you will:

  • Help us expand Ethereum patform
  • Help us deliver more useful software to the users
  • Participate in another price rise. We are doing it again, but now with another network. The risk is low, and your profits can be outstanding

Investment in AfterEther is based on direct purchase of AfterEther (AET) coin from us. You can purchase by remitting Ether (ETH) only

AfterEther currently is not listed on any exchange.

At the time of purchase, an automatic process will convert your ETH coins to AET using current market price of Ether.

Buy AET in 3 simple steps.

  1. Send your ETH coins to our ETH account: 0xbb46f3aabf35657db9a4e83566fcd59da2e4afaf

  2. Wait 5 minutes

  3. Open our blockchain explorer
    https://aex.afterether.org/aet/
    input your Ethereum address in the Search box and press "Go".
    Your balance will shown. Please verify the amount of coins you have received in the "Value transfers" tab

Do reach out for any queries/clarifications.

Currency
Configuration

Our monetary policy is to issue twice as many coins as Ether (200M coins) within the next 5 years. However the real amount will depend on the congestion of our networks. Each additional Ethereum network will increase the supply by 2 coins per block, 14,000 coins per day, or 5 million per year. For example, 10 blockchains working in parallel will issue 50M coins per year or 200M coins in 4 years altogether.

Total coins to exit > 200 Million
Premine 5% (10 Million) for the development team.
Reward per block 2 coins (on each blockchain)
Block time 1 block every 14 seconds
Network ID 233

About Us

AfterEther has a team of dedicated software developers with professional expertise in investment, finance, business & marketing.

This global team is passionate about development of crypto currencies and is focused in building systems that lead to mass adoption of programmable blockchains worldwide.