Dear ATOMARS Community,
We are pleased to announce the listing of the Aion (AION) on Atomars exchange. Aion (AION) deposits are effective starting from November 14, 2019 and the following trading pairs will be available: AION/BTC and AION/ETH.
AION PROJECT SUMMARY
Three generations of blockchain projects exist. The first generation was the alternative currency projects. Bitcoin leads that generation. The second generation was the wave of platforms for dApps. Ethereum is the leader of this generation. The third generation is the one that seeks to use the power of seamless interconnectivity across distinct blockchain networks. The aim of this generation of blockchain projects is to bring to blockchain what internet technology brought to the cellphone.
AION belongs to this third generation of blockchain networks that seek to make different blockchain networks communicate with each other on a large scale. Today, there are several hundred blockchain networks, and AION believes thousands or even millions are still to appear as mass adoption picks up. This will mean that blockchain networks that can integrate and communicate with others will be essential.
AION seeks to solve the problems arising from blockchains that operate as isolated networks, the difficulties in communication due to the different programming languages, and the protocols blockchains use together with the scalability issues that they face.
Nuco, Aion’s parent company, was launched by Matthew Spoke in 2016. He is joined by Chief Technical Officer Jinius Tu, with Kaseem Frank as Chief Operating Officer. The entire Aion team is comprised of 49 employees working around the world.
According to AION’s CEO, Matthew Spoke, AION users are grouped into people seeking to build on a public network, those that want to build bridges between public and private networks, and people who want to build their own network by using the codebase.
FEATURES OF AION
The third-generation blockchain Aion-1 forms the core of Aion’s technology. This blockchain system connects several blockchains together on top of managing its own functions. There are two key elements to the network:
1. Consensus: This is an algorithm that implements the connection between 2 or more blockchains. Its mode of operation is as a bridge consensus that allows for faster transactions, and connecting network consensus’ for stability.
2. Aion Virtual Machine (AVM): This is an interpreter that works with the Java Virtual machine to run applications with strength and concurrency on the Aion-1 blockchain.
Aion is a multi-tiered network that works as a protocol that encourages communication between distinct systems. This network comprises of several components that foster communication between chains. These components include:
3. Connecting Networks: These act like bridge protocols for the routing of messages between many different blockchains while also providing decentralized accountability.
4. Interchain Transaction: This is a completely trust-free blockchain message system exchange that allows for the convenient and safe sharing of information on the multi-tiered network.
5. Bridges: This protocol connects the connecting network and the participating networks together for the purpose of facilitating communication. They are liable for the approval of messages coming from interchain transactions.
6. Participating Networks: A participating network is any network that has integrated successfully with the connecting network. They include blockchain, cryptlets, oracles, etc. They are able to customize the network infrastructure components like algorithms, languages, virtual machines, and more.