Aion is a multi-tier blockchain network designed for interoperability among blockchains. AION tokens are used to create new blockchains, monetize inter-chain bridges, and secure the overall network.
AION has been created by the company Nuco founded in the spring of 2016. Aion is headed by the CEO of Nuco, Matthew Spoke, who is also a member of the Board of Directors Ethereum Enterprise Alliance.
Nuco's technical Director, Jin Tu, has worked with corporate engineering for more than 15 years and has four years of experience in the blockchain industry. Over the support and consulting of project Aion works company New Alchemy. Peter Wassens heads this team. Vessels launched the very first bitcoin project and became one of the founders of the Bitcoin Foundation next year. The roadmap of the crypto project describes all the goals of the developers-from generating Aion tokens to presenting the AVM virtual machine.
Aion coin Review
Aion cryptocurrency is a digital token of the 3rd generation blockchain platform. The essence of the third generation of platforms is to create a platform on which various projects can "communicate". Roughly speaking, the aim of the Aion platform is to create an ecosystem for blockchain projects. The development of this idea is engaged in the company Nuco, which was founded in 2016.
Aion assumes a future in which many blockchains coexist. In order to facilitate communication between blockchain Aion proposes the development of a networked, federated blockchain to integrate separate blockchains.
At the root of the Aion network is a purpose-built, public, third-generation blockchain called Aion-1. Aion-1 is designed to connect other blockchains and manage its own robust applications, Aion-1 also provides the economic system that incentivizes interoperability in the ecosystem.
Schematically, the Aion network resembles a local computer network, which mediates the interaction of different blockchains, leading them to a certain standard. In addition to information exchange, the project provides an opportunity to exchange values between networks, creating a chain of transactions.
At the moment, Aion tokens are traded at a very favorable price – $2.09 per piece, but this is not the maximum indicator. Aion showed its maximum on January 10, 2018, it was $11.1, with this token price, the capitalization of the project was close to the mark of $700 million.
The idea of combining blockchain is quite relevant and the development of Aion by many analysts and investors is evaluated positively. This technology will expand the use of digital developments in all areas of activity, will link them into one mechanism and facilitate their mutual integration.
Aion development is focused on three main stages:
- creation of infrastructure for interaction between blockchains-integration of existing projects;
- transition from EVM to AVM architecture, which includes creation of own script language and at the same time supports EVM code – at this stage it is planned to implement tools for design and construction of own projects within the system;
- the final stage involves optimizing the system and scaling up the Aion for rapid interaction and information exchange.
Development of the final version is planned to be completed in 2019, the main functionality will be implemented in 2018. The ICO of the project showed the relevance of the platform and provided the start-up capital for the implementation of the conceived ideas.
However, when analyzing the prospects of Aion, one should pay attention to competition. The idea of creating a common network for blockchain is not original, a similar concept is offered by ICON and some other projects.