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 and especially in bitcoin code , 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.
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.
- Send your ETH coins to our ETH account: 0xbb46f3aabf35657db9a4e83566fcd59da2e4afaf
- Wait 5 minutes
-
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.
