Aion is an interesting project. Their goal is to create a multi-tier blockchain system designed to address unsolved questions of scalability, privacy, and interoperability in blockchain networks.
The most exciting thing to me is that Aion will attempt to connect all blockchains together in a seamless global network.
It will be taking all the separate blockchains and connecting them together like the first time the internet connected computers from all around the world together. The interoperability that currently only gets mimicked in exchanges or rudimentary lightning transactions. Using a bridging protocol that I believe is similar to what Bitshares currently does..
Im excited to move away from isolated blockchain systems into inclusive interconnected blockchains. Not only to exchange coins for other coins, but to build applications that could run on one chain and interact and receive information from other chains to help serve its purpose. Application that could be built upon multiple blockchains and just be connected through the Aion hub and spoke blockchain.
The token is an ERC20 token currently. When the Aion blockchain goes live you will be able to seamless move your erc20 Aion token to the Aion blockchain as an Aion token and back to an Aion erc20 token on the ethereum blockchain at any time.
There are a few reasons Aion tokens will be valuable, they will be required by decentralized application developers to gain use of the Aion Virtual Machine. The Aion coin will be used to back validators of their consensus project. The use case I am most interested in as a token holder is the ability to stake your coins in a bridge registry contract to receive commission from inter-chain transactions.
Other projects attempting to do the same thing are Cosmos and Polkadot.. It is best to see what the competition is trying to offer before making investment decisions and I am not a financial adviser either. Of the 3 though, I have chosen Aion for myself.
Aion is a new coin and has been only on Etherdelta until a couple weeks ago. It can now be bought much more safely and easily on Binance, and that's what its recent price rise was from. It was also just added to the Kucoin exchange. This coin has a lot of potential in 2018 and it has managed to stay mostly under the radar. It might be a coin worth picking up before any major partnerships get announced or any developments are released.
It currently has a circulating supply of 61,299,856 with a total supply of 465,934,587. If you would like to learn more about the hybrid proof of stake / proof of intelligence that Aion uses or to check out the rest of the whitepapers you can find them here
I would like to know what everyone else thinks. Anyone prefer Cosmos or Polkadot over Aion? Anyone not see the utility in having blockchain interoperability? Any questions about Aion I can try to answer? Let me know.
Thanks for stopping by. You are appreciated!
