contracts off-chain. It introduces a new language that supports formal verification and allows people to write simple and safe code. The VM also accommodates compiled Solidity contracts. æternity uses an ASIC-resistant, memory-bound Proof-of-Work with less than 15 seconds block time. It features an integrated naming system and oracles, which could be used to request and access data from various data providers.

Yanislav Malahov and Nikola Stojanow founded the Vaduz, Vaduz-based blockchain platform in 2016.