What is Aion?
This is a third-generation blockchain network that will enable any potential user, whether private or public sector organization to:
- Federate: This means sending data and value between any Aion-compliant blockchain and Ethereum.
- Scale: Meaning there will be faster transaction processing and larger data capacity to all Aion blockchains.
- Create and customize public or private blockchains. This in turn maintain interoperability with other blockchains but at the same time allow publishers to choose governance, issuance, consensus mechanisms, and participation.
The tokens are a necessity as a utility that enables the platform to function well.
AION tokens serve functions like: creating new blockchains, monetizing inter-chain bridges, and securing the overall network.
This network is a multi-tier and is designed to support a future where many blockchains exist to solve unique industry problems and to power the services of the modern world whereby Aion will be the common protocol.
Founder: Matt Spoke, CEO
Release Date: Oct 18, 2017