AION is a multi-layered blockchain system designed to solve privacy, scalability issues with existing blockchain networks. In this article, as Kriptokoin.com, “What is Aion?” We will answer the question. In addition, we will touch on other questions about the project.
What is Aion? What does it do?
AION is a multi-layered blockchain system designed as a solution to the privacy, interoperability and scalability issues found in existing blockchain networks. Developed by Nuco, a Canadian enterprise blockchain firm, AION allows seamless communication between various blockchains and helps protect their applications. It runs on a trusted mechanism that facilitates cross-chain interoperability and assists with custom blockchain structures. Moreover, the AION blockchain provides an ecosystem without any interference from intermediaries. In its network, its value, liquid assets, and logic are transferred between users. The network offers best-in-class security and some of the best economic motivational incentives in the crypto space. AION was built to work as a reliable alternative to the status quo. The protocol is backed by some of the biggest names in technology and blockchain. That’s why the network has managed to form strategic partnerships with over 500 industry leaders. These networks include Intel, Microsoft, Jaxx, NewAlchemy, Nextblock, Blockchange.
What is AION coin?
Aion (AION) is the native token of Open Application Network (AION). This crypto has many uses. For example, bets can be made. This means that holders can spread their Aion across a group of stake pools that help maintain liquidity in the system.
How does Aion work?
AION provides its services using the Aion blockchain. This fourth-generation DeFi-enabled network was built from day one to improve previous networking issues. The blockchain leverages the Equihash consensus algorithm. This advanced PoW (Proof-of-Work) mechanism builds on earlier versions such as Bitcoin’s SHA-256 equation. The system is flexible and supports all third generation blockchain features such as staking. Users can also create and issue DeFi and NFT tokens using this protocol.
What is Aion? How to buy AION coin?
Aion is currently traded on numerous cryptocurrency exchanges. People who want to invest in the project should open an account in one of the exchanges where the project is traded. The exchanges where Aion is traded are listed as follows: Binance, KuCoin, Bitrue, Pionex. Users who want to invest in the project should open an account on one of these exchanges.
6538
