<

What is Aion (AION)?

Blockchains like Bitcoin or Ethereum are facing big problems in terms of scalability, interoperability, and privacy. This is also the reason why they have difficulty in being widely accepted. Aion was launched to fix these problems. Aion is the world’s first Blockchain 3.0 network, Aion’s system can support connecting blockchain together on a global scale. In addition, this third-generation blockchain provides users with unprecedented levels of security and fairness as well as a range of economic incentives.

AION token

AION token is a utility token that powers the AION network. It is quite similar to ETH in function. AION enables value movement on the AION blockchain, payment for activities in the blockchain, deployment of software applications, creation of new participating blockchains, and network security.

How does Aion work?

Aion-1 (which is the blockchain of the Aion network) is designed to allow other blockchains such as Ethereum to transfer encrypted information through their native contracts to entities outside the central chain, as well as to any External network. It acts as an intermediary entity that allows transactions to be transmitted faster and more stable than today’s solutions.

What is Aion used for?

Aion Coin is considered as the main lifeblood that maintains operations in Aion Network’s Blockchain network.

And AION is used as:

Transaction fee: AION is used to pay transaction fees in the Aion Network’s blockchain network.

Block Rewards: AION is the block reward for Minners to help the operation and security of Aion Network be stable.

Payments: AION is used to pay the cost of issuing smart contracts on the Aion Network network.

Features of Aion

The Aion blockchain allows different systems and platforms to communicate with each other without changing their underlying digital framework.

This blockchain allows for free and uninterrupted transfer of logical data sets.

No internal transactions have occurred through a centralized intermediary system.

Aion-1 blockchain allows seamless integration of third-party applications, creating an incentive ecosystem that promotes interoperability.

Team

AION project team consists of many talented and experienced members.

Matthew Spoke (CEO) of Nuco Company – the company responsible for building Aion platform and Aion ecosystem.

Jin Tu (CTO) is a person with more than 15 years of experience in the technical field of business and over 4 years of experience in the blockchain industry.

Kesem Frank (COO) has over 5 years in the field of Blockchain.

There are also many other members such as Karim Zeine, Kimberly Luu, Alexandra Roatis, Ali Sharif and Chris Lin …

Conclusion

The development team has over 20 talented members with extensive experience in programming. The successful project calls on famous advisors who are professors and influencers. Using innovative technology helps solve the complex problems and inadequacies of many current protocols.

The Aion Coin platform is closely linked to ethereum to enhance competitiveness and level of development. If successful, this project is likely to become the second ethereum.

However, the total supply of tokens is relatively large, easily causing orders and creating bear markets. The project’s roadmap lacks detail and timeliness. Many competitors such as wainchain, Ark, Cosmos …

You can check AION price here.

Read more:

Follow us on Telegram

Follow us on Twitter

Follow us on Facebook

You might also like

LATEST NEWS

LASTEST NEWS