Aeternity Drops Coin into SatoshiPay, Plans to Integrate Smart Contracts and Micropayments
Aeternity, which is a blockchain developer ecosystem, has gone ahead to announce that they have just acquired a stake at the SatoshiPay, they made this announcement during their last funding round.
It is the integration of the micropayment services platform as being part of the broader push, to ensure they have put in place the needed building blocks that will have a fully integrated value chain that can be used for the blockchain developers.
With the partnership in place, it will also be able to see the SatoshiPay being able to support the aeternity ecosystem; this will be achieved by efficiently running the nodes and being able to host frequent meetups.
The aeternity platform had taken part in the SatoshiPay funding round that was established alongside the Boresnmedien AG, the AERGO of South Korea, the CEO of SatoshiPay Meinhard Benn together with Daniel Masters of the Coinshares platform.
More Developments Taking Place On The SatoshiPay Platform
The SatoshiPay platform is seeking to make its micropayments services based on the blockchain to be the fastest that is found in the market. What they theoretically require is to have more than 2000+ transactions that are carried out per second. All this will allow their system to accommodate the rapidly growing customer base that will require them to have a high throughput.
One of the expected customers with this requirement is the Axel Springer SE. A platform that has been considered to be Europe’s largest company when it comes to digital content, one that has been able to own a massive portfolio of big brands; it is the likes of Bild, Upday, Die Welt, and Insider, who have just recently announced the partnership they have gotten into with SatoshiPay.
A partnership that will allow the different users to pay for the digital content with the crypto coins that have been stored within the SatoshiPay Wallet.
What To Know About The Aeternity?
The platform has a very high TPS rate, together with state channels and also some free transactions that are able to fit within the SatoshiPay system. Thus they will be able to build a service that will not be possible to be achieved on any other blockchains in the market.
Furthermore, the aeternity smart contracts that are within the State Channels have been able to offer the corporate clients of SatoshiPay a decentralized and viable model that is able to adequately protect the digital content plus any other intellectual property that they own.
The one thing that has been found to be very interesting about the aeternity State Channels is the fact that once it has been opened the transactions that take place within the channel become free, the only fee you will be charged is for opening the account.
Thus, this has made the function to be well suited for the various micropayments that are carried out.
“Acquiring a stake in SatoshiPay enables aeternity to integrate a nanopayment solution with prime partners into our thriving blockchain ecosystem, where applications are built on the foundation of blockchain and smart contracts. Open source developers will be able to integrate nano payment functionality via SatoshiPay for any types of digital content, data or services.”
Yanislav Malahov, Founder of aeternity.
“aeternity ability to deliver high throughput and extremely low-cost instant transactions through built-in state channels is a unique feature we need in our platform. In addition to this, aeternity supports smart contracts in a way that other payment-focused blockchains do not, so this will be a great additional feature that we look forward to offering our customers through our upcoming B2B multi-ledger platform.”
Meinhard Benn, CEO of SatoshiPay.
The aeternity platform is currently running more than 20 projects through the aeternity Starfleet it has been designed as the accelerator and the incubator for the blockchain startups within the market. A platform that is also working towards being decentralized in itself.
The company has a venture capital arm one that is responsible for overseeing the investments within the SatoshiPay, and it is also responsible for coordinating the direct investments that are made within the blockchain projects.