What is Aion?
The Aion network declares itself to be the world’s first third generation blockchain (first gen. - Bitcoin, second gen. - Ethereum). The Aion project focuses on creating a federated blockchain network providing interoperability amongst blockchains. The network has a hub-and-spoke design with the Aion-1 as a main hub blockchain. One function of the Aion token is interchain transaction fees payment. Another token role is it’s being a part of the consensus mechanism. The Aion network uses a modified version of the Byzantine fault tolerance protocol (similar to Bitshares). The validator nodes are being elected by a process called “backing”. The backing algorithm is separated into two categories: token staking and PoI (Proof of Intelligence - protocol where a cryptographic puzzle is solved in order to back a node).
|Market Name||Traded On||Average Price||24h Volume|
|AION/BTC||Binance, Kucoin, Bitfinex||0.00003495 BTC||$345,088|
|AION/ETH||Binance, Kucoin, Bitfinex||0.00133500 ETH||$85,818|
Fundamental Cryptocurrency Data
|Circulating supply||265,294,161 AION|
|Trading volume of all markets for this coin||$433,832|
|Aion AION Prices||
0.00 XAU (= 0.00) grams GOLD
0.01 XAG (= 0.28) grams SILVER
|Marketcap|| 9,240 BTC|
733.86 kg gold
61,915.50 kg silver