Aion (CURRENCY:AION) traded 2% higher against the US dollar during the one day period ending at 23:00 PM ET on January 5th. In the last week, Aion has traded 9.9% higher against the US dollar. Aion has a total market capitalization of $34.55 million and approximately $2.07 million worth of Aion was traded on exchanges in the last day. One Aion coin can currently be purchased for about $0.0709 or 0.00000200 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed in the last day:

Aion Profile

Buying and Selling Aion

Aion can be traded on the following cryptocurrency exchanges:. It is usually not presently possible to buy alternative cryptocurrencies such as Aion directly using U.S. dollars. Investors seeking to trade Aion should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Aion using one of the aforementioned exchanges.

Aion (CURRENCY:AION) traded up 5.1% against the US dollar during the 1 day period ending at 0:00 AM E.T. on December 24th. Aion has a total market capitalization of $33.85 million and $1.82 million worth of Aion was traded on exchanges in the last day. During the last week, Aion has traded down 17% against the US dollar. One Aion coin can now be purchased for about $0.0694 or 0.00000294 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed during the last day:

Aion Coin Profile

Buying and Selling Aion

Aion can be traded on these cryptocurrency exchanges:. It is usually not presently possible to purchase alternative cryptocurrencies such as Aion directly using US dollars. Investors seeking to trade Aion should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Aion using one of the exchanges listed above.

The first-generation blockchain projects were created as alternative currency projects, secured by cryptography and able to record peer-to-peer transactions on a publicly available distributed ledger system.Bitcoin was the first featured blockchain technology. Then came the 2nd generation blockchain projects; many of which came on stream in the early part of the present decade. These projects were basically platforms where developers could build and host their own projects, using more advanced logic and algorithms.Ethereum is the prototype of these second-generation blockchain projects. However, both the 1st and 2nd generation blockchain projects are yet to fully harness the power of seamless interconnectivity of blockchain networks on a global scale.The dissimilarity of blockchain projects is a major challenge with blockchain projects. For instance, a supply chain blockchain project may need to tap into one blockchain project’s protocol to deliver its enterprise solution; it will also require a different blockchain project to deliver on say, the insurance component of its project. Having to tap into numerous isolated systems to generate a solution is a problem that the 3rd generation of blockchain networks aims to solve.For the first time ever, discrete blockchain communication is made possible by 3rd generation blockchain projects.AION is the world’s first 3rd generation blockchain network (Blockchain 3.0) which will be capable of allowing dissimilar systems to communicate on a global scale.AION is a multi-tier blockchain network that is designed to address issues of privacy, interoperability among dissimilar networks as well as scalability; issues that were not solved by the 1st and 2nd generation blockchain networks. AION Network will allow for the passage of logic, information and value among participating blockchain projects.AION was founded in 2017 by Matthew Spoke, who is also the CEO of Nuco. The project is backed by a solid team that features Chief Operating Officer Kessem Frank, CTO Jin Tu and software engineers such as Yulong Wu and Yao Sun.AION Network will allow projects to be created, customized and connected. AION will serve as the ecosystem supporting these networks.The core of the AION Network is formed around the public enterprise blockchain known as AION-1. AION-1 is capable of supporting its own blockchain projects as well as those of connected external blockchain projects. It is also the fulcrum of the incentive system for projects which promote the exchange of value and logic on the AION network.The fuel on which the AION ecosystem runs is the AION token. The AION token is used to create new applications and secures the overall network. AION is built in such a way that any blockchain project can become AION-compatible.AION is also created to have interconnectivity with the Ethereum blockchain; thus, allowing for the AION token to be used interchangeably on both blockchain networks seamlessly. It has been created to harness the future, where thousands of new blockchain projects will be added. Many of these blockchain projects will be dissimilar; however, AION will provide the network that can potentially make all these systems connected. You can call AION, the blockchain project that will be the connecting bridge for other blockchain projects.Healthcare: Imagine a situation where a blockchain project has been built to warehouse information from research on certain rare infectious diseases and their treatments; this information being harnessed by another blockchain project run by an international public health agency for use by their response team in dealing with an epidemic in a remote part of the world. This is what AION has the potential to deliver.E-government: Information sharing for international cross-border crime prevention can be performed using blockchain systems; they would link government law enforcement agencies in several countries together, using the AION Network as the integrating network. It will also provide the security required for the integrity of such a connection.Transactions on Other Blockchains: they can be confirmed on the AION network, provided they are connected to the AION protocol. This is because AION allows other blockchains to adapt to AION’s protocol without performing any upgrades on their own native protocols.Before proceeding to obtain your AION tokens, you have to understand that you will need a compatible wallet to store the AION tokens. AION can be stored in a variety of software and hardware wallets.Hardware wallets where your AION tokens can be stored are the Ledger Nano S and Trezor hardware wallets. For those who do not want the inconvenience of carrying the hardware wallets which run the risk of being misplaced or stolen, there are also several software wallets that can be used.AION is a token that is built on the Ethereum network, and so will work on various Ethereum wallets such as Metamask, MyEtherWallet, Jaxx, etc. Metamask also works as a browser extension, which enables users to transfer tokens to their wallets without the fear of them ending up on phished sites.So you can simply get a hardware wallet, or you can sign up for any of the software wallets mentioned above. Once you have your wallet, put away your public and private keys as well as your 12-word password recovery phrase in a safe location and move to the next step.The AION Mining algorithm is still being developed and tested. Those who want to acquire AION tokens are better off getting them from exchanges.AION can be purchased using Ethereum or Bitcoin from exchanges such as Binance and Kucoin. These exchanges do not allow the use of fiat currency to purchase cryptocurrencies. Therefore, the user must purchase either Bitcoin or Ethereum from fiat-crypto exchanges such as Coinbase or Cex.io. Then they can use these to purchase their AION tokens on the exchanges earlier mentioned.It is cheaper to use Ethereum for this purpose and the transactions are also faster. You can use the Metamask extension to transfer your Ether to the Ethereum address of the exchange for funding of your account, as this provides a secure transfer pathway.What does the future hold for the AION Network? Here is a glimpse into what AION plans to do as from 2018 up until the end of 2019.The focus of the first phase in the Aion release schedule is the setting up of inter-chain communication and bridging infrastructure.It kicks off later in 2018 and it will be targeted at migrating to the proposed Aion Virtual Machine (AVM) structure. Other milestones to be targeted and completed in the 2nd phase of the project include the following:In 2019, AION will launch the 3rd phase of its project. According to the Aion Network Economics Paper, AION Phase 3 will put finishing touches to the network infrastructure for more efficient inter-chain communication and applications. Some of the deliverables for this stage of the project include the following:

People are talking more about Aion, but not all of it is flattering — or true.It is crucial to understand a cryptocurrency’s supply dynamics, and Aion’s can be hard to navigate for newcomers. This article addresses some of the most common questions and issues raised about Aion’s token supply and price performance.As always, you should do your own research. This article is a summary of publicly-available information and the author recommends checking his sources for additional information and context:Aion minted about 466 million tokens in fall 2017 and has a 1% annual inflation rate for validator rewards (currently for proof-of-work mining on Aion’s main net launched in April 2018).About 186 million tokens (40%) were reserved initially for the Aion project, Nuco Global (Aion’s parent company at the time), and early partners for their contributions to getting the project started. Aion held a private presale of 30 million Aion tokens to institutional and accredited investors for $0.50 per token ($15 million raised). Aion then held a public presale of another 9.5 million Aion tokens sold in tranches from $0.75–$1.00 per token ($8 million raised). In light of the amount raised and volatile market conditions, Aion canceled the planned public sale of the remaining tokens.In line with its token sale mechanics paper, Aion split the unsold tokens between two token release schedule (TRS) smart contracts. Anyone holding Aion had the option to lock their tokens in a smart contract by early December 2017 that would distribute those plus half of the unsold tokens pro rata monthly over a year ending November 2018 (over 90% of purchasers participated). The tokens reserved for the Aion project, Nuco Global, and early partners were locked in another smart contract with the other half of the unsold tokens to be distributed monthly over the course of three years ending November 2020.In July 2018, to align the interests of Aion with token holders over shareholders, and after a vote by Nuco Global’s shareholders, Nuco Global was dissolved and Aion converted from a for-profit subsidiary company to an independent non-profit foundation. The Aion Foundation took ownership of all of Nuco Global’s assets (intellectual property, equipment, employees, offices, etc.) and Nuco Global’s share of Aion tokens was split among its former shareholders based on their ownership percentage.Of the 466 million tokens originally minted, about 160 million were distributed to purchasers in the one-year TRS while 153 million will be distributed to the Aion Foundation, 61 million will be distributed to former Nuco Global shareholders, and 92 million will be distributed to early partners by the end of the three-year TRS.Numerous cryptocurrency price websites list Aion’s ICO price as $1.00 per token. This seems to be based on the price for Aion’s planned public sale, but as noted above that was canceled.The total amount raised ($23 million) divided by the total tokens sold at presale (39.5 million) gives an average price per token of about $0.58 for initial purchasers. Including the additional unsold tokens distributed via the one-year TRS (120 million), the average price per token was about $0.14, with some early institutional and accredited investors paying as low as about $0.12 per token.CoinMarketCap.com (CMC) calculates a cryptocurrency’s price from a volume-weighted average of prices reported by exchanges. Exchange price and volume are based on filled orders. Market capitalization (market cap) is the price multiplied by the circulating supply.According to CMC, Aion’s all-time high price was $11.51 on January 7, 2018, with a market cap of $623,940,583. At the time of this writing, Aion’s price is about $0.14 with a market cap of $40,556,582.Looking at price, Aion is currently down about 99% from its all-time high. However, this ignores the circulating supply change over that period. On January 7, 2018 (at the peak of the last bull market), the Aion circulating supply was only about 61 million (the remainder were still locked up in the TRS contracts). At the time of writing, the circulating supply is about 292 million (an increase of 475%). Looking at market cap, Aion is down 93.5% from its all-time high; compare ETH (-89.5%), ARK (-93.6%), NEO (-95.3%), ADA (-95.6%), WAN (-96%), and ICON (-96.8%).Price and market cap are manipulable, one-dimensional metrics and, to the extent they reflect a project’s fundamental value at all, only do so through the lens of trader sentiment. As this space has matured, several alternative measures of project value have been proposed. For example, the Ozargun Valuation Framework examines 86 sub-topics related to a project’s product, team, and community in addition to token performance (and ranks Aion #1). Sam Pajot-Phipps of Aion proposed the Network Steward Productivity Ratio which compares funds raised by a project with its output as another alternative.For most of 2018, circulating supply was increasing at a rate of 18.3 million tokens per month as both the one-year and three-year TRS contracts were active. Now that the one-year TRS is over, however, this is reduced to 8.5 million tokens monthly — a 54% decrease.Also, because the number of tokens distributed per month remains constant while the total circulating supply increases each month, the rate of circulating supply increase goes down each month. For example, when the March 2019 distribution is made, the circulating supply will increase from about 292 million to 301 million (a 2.9% increase). When the April 2019 distribution is made, the circulating supply will increase from about 301 million to 309 million (a 2.8% increase). By the last distribution in November 2020, the circulating supply will increase from about 469 million to 478 million (a 1.8% increase).Alex McDougall of Bicameral Ventures explained that, while circulating supply increase rate is a factor to consider, it’s a “known known” short-term factor secondary to the potential for mass adoption of the technology in the long term. Supply is only one part of price discovery — demand is the other.The breakdown of TRS distributions through February 2019 is about 55% to purchasers, 23% to the Aion Foundation, 9% to former Nuco Global shareholders, and 14% to early partners. Actual holdings skew even more in favor of purchasers as tokens held by the Aion Foundation, former Nuco Global shareholders, and early partners are transferred.The Aion Foundation has already provided two reports detailing its AION holdings and distributions, and still holds about 72% of the total distributed at the time of this writing. None of its distributions went directly to an exchange — ever. The vast majority of transfers from the Aion Foundation have been reinvested in the ecosystem through grants, bounties, and technical development.The Aion Foundation does not control tokens distributed to the former Nuco Global shareholders or early partners, however — like any other holder, their choice to buy, sell, or hold is completely their own. Some of their tokens made their way to Binance, but there is no way of knowing who made transfers or why. Some could be cashing out; some could be trading; and some could be investing in or building the next viral dApp on Aion. In any event, even if all of the tokens distributed to former Nuco Global shareholders and early partners are being sold on exchanges monthly (they are not), this would only account for about 0.8% of the total monthly exchange volume over the last 30 days and even less if over-the-counter trading is considered.As of December 31, 2018, Aion’s Fiat, BTC, and ETH treasury totaled $9,555,088. Aion’s total expenditures in Q4 2018 were $2,193,923 with expenditures in December 2018 down to $665,676. This alone gives Aion enough runway to continue operations for about 14 months, subject to the price of BTC and ETH and assuming expenditures are not reduced even further.Importantly, this does not include the 147,731,207 locked and unlocked AION owned by the Foundation. At current prices, that’s another $20 million or so, which would be another two years of funding. The team has stated that they are working on strategies to secure additional funding as well, including possible venture capital funding and holding equity in partner projects.Now more than ever, cryptocurrency purchasers need to do their own research and come to their own conclusions before investing significant resources in a blockchain project. Taking the word of a stranger on social media (including the author) is not (and never was) a substitute for due diligence.Many folks have seen the value of their cryptocurrency holdings drop significantly over the past year. The proliferation of blockchain projects in late 2017 and early 2018 on the heels of the ICO craze (many of which were duds) combined with the current scarcity of capital has made competition among blockchain project communities especially fierce. Being on the defensive for a project while taking losses takes an emotional toll. Even established projects like Ethereum are suffering from in-fighting and community breakdown.If you find yourself reacting emotionally to a project’s price performance, the catharsis of griping about it may give you some temporary release. In the end, however, you are not helping yourself or the project. Apply that energy to learning about the project, bounty hunting, or building a dApp. Be an ambassador for the project and the technology.If the goals of blockchain projects are realized and this technology achieves mass adoption, cryptocurrency markets dictated by traders and speculators will eventually give way to markets driven by organic demand from users.In the meantime, folks need to understand the difference between noise and news.If you’d like to learn more about Aion, check out the Aion Telegram Bot and the Aion Newswire. If you prefer something more “long-form”, check out the Aion Info Hub.Stay tuned to Aion’s Twitter, Blog, YouTube, Reddit, and Forum to keep track of the project as it develops.None of the above is offered as legal or financial advice. While the author is an attorney, he is not your attorney, and you should always consult with someone one-on-one regarding the particulars of your situation before making any significant legal or financial decisions.This article contains forward-looking statements that address future events and conditions which have not yet occurred, inherently involve known and unknown risks and uncertainties, and are subject to factors outside of the author’s control. Actual events and conditions may differ materially from those expressed herein. Past performance does not imply or guarantee future results. Do not rely on any statement herein as a guarantee that any future events or conditions will exist or the performance of any investment will be impacted thereby in any way.The author holds Aion and Ether. The author does not work for the Aion Foundation and was not compensated for creating this work.Joseph is a Chicago trial attorney interested in blockchain technology and alternative dispute resolution.

#AION: The Third Generation Blockchain Networkitmakesense (32) in cryptocurrency 6 months ago Hello Steemians Hope you Guys are benefiting from my blog if so Today i come with a very Powerful and dominating ICO ever in the Cryptocurrency World. I Know you guys like Bitcoin and Ethereum but what if i told you both of there now a days are too old fashioned in Crypto World. Bitcoin is the First Generation Blockchain that change the way Payment transaction in the world and on the other hand we have Ethereum which make blockchain possible to build app on the network. Now we have AION the third generation blockchain that going to be ecosystem for both bitcoin and ethereum and any new participation blockchain and can pass logic and value amongst participating blockchains. So lets understand what AION Is and how does it Work... In the future, blockchains will federate data and value in a hub and spoke model similar to the internet. The future of mainstream blockchain adoption will be achieved by the development of a networked, federated blockchain to integrate these separate spokes. That integrated blockchain network is Aion. Aion is a third-generation blockchain network that will enable any private or public sector organization Federate: Send data and value between any Aion-compliant blockchain and Ethereum. Scale: Provide fast transaction processing and increased data capacity to all Aion blockchains. Spoke: Allow the creation of customized public or private blockchains that maintain interoperability with other blockchains, but allow publishers to choose governance, consensus mechanisms, issuance, and participation. At the root of the Aion network is a purpose-built, public, third-generation blockchain called Aion-1. Designed to connect other blockchains and manage its own robust applications, Aion-1 also provides the economic system that incentivizes interoperability in the ecosystem. AION tokens are the fuel used to create new blockchains, monetize inter-chain bridges, and secure the overall network AION Multi-Tier Blockchain Network .... As the name suggest, the Multi-Tier Blockchain Network will allow different and dissimilar network to share logic, value and data to work more efficiently .For example if i want to connect or share some data to Blockchain A and want privacy to that network then AION network will manipulate the data and send it to the receiver end without knowing me the the platform used. AION make sure the data is transmitted properly from source point to destination by its valuable key frame like infrastructures, protocols, and concepts. The value of these technologies is that they enable one blockchain to transact with another blockchain, as well as one blockchain to transact with every connected blockchain. AION-1 Blockchain.... The Aion-1 blockchain is the genesis implementation of the connecting network. It is designed to be a fair, distributed, open blockchain architecture that is capable of fulfilling the requirements specified in the multi-tier blockchain network architecture. As an open blockchain, Aion-1 was designed with the following goals: Connecting blockchains and external services (e.g., oracles and databases) together through the contiguous network and providing accountable communication maintained through a decentralized network. Providing the necessary infrastructure to develop high-performance, decentralized, inter-blockchain a application Creating a maintainable network through a robust and sustainable economic model. AION Token Distribution and Utilization..... Unlike other Cryptocurrency token AION is bit different and can be utilizes in many era of platform. AION is not a token for Trading,Exchange and Speculation its worth more than that. With a total of 465,934,587 AION ever exit is not going o distributed in a single short .Instead there will be two phases for token sale. *The first phase will be capped at 10M tokens and have a simple pricing structure, occurring in late 2017 *The second phase will take place in 2018, after the completion of a major Aion milestone release. This second phase will also be capped at 10M tokens. As many as 465 million coins will be issued, AION does not have a token at one time, but they receive 2.78% every month for three years. This is a system that allows AION and NUCO to act like stock options to store tokens in bulk AION has a low Soft Cap target15 Million USD AION has a target alias Hard cap up to US $ 45 million ICO is 50% of total token supply value alias Conversion rate: 1 AION = $ 1 USD Maximum Market Cap: ~ US $ 225 Million if hard cap is reached, to be confirmed What is TRS and how does t help us..... The TRS serves as a mechanism to reward early community members. Within twelve months of our phase 1 public sale, all public sale tokens will either be sold or distributed to the community through the TRS contract. The TRS will distribute its first allocation (25% of your total, including bonus) upon the close of the phase 1 public sale. Based on updated token sales figures, the community TRS will now receive a minimum of 110M tokens. This is an increase over the 81.5M tokens initially calculated, as only 20M tokens will be allocated to be sold in the public sale phases. All remaining unsold public sale tokens will be distributed to TRS contributors before the TRS end date (late 2018*). The TEAM Any Cryptocurrency coin gains its value by its team member. Its the Team member which drives the coin in the right direction.No coin will ever work better with the dedicated and knowledgeable entities. AION has the most Professional, highly skilled and super-dedicated team which doing everything possible to make this coin worth more than $10 coin. My Conclusion..... I thing AION will worth more than $100 as it really a new concept and technology that is even more valuable than internet. If Bitcoin and Ethereum is the YouTube and Facebook than i would called AION as the google of Cryptocurrency. The technology like AION is the future requirement and one day it will really going to change the world of Blockchain. I am in what are you waiting for!

News 1 day ago Network, a non-profit aiming to rebuild an internet that puts users first through broadening the use of blockchain, announced a new virtual machine built on top of the popular Java Virtual Machine (JVM.)This marks the first blockchain virtual machine available to Java developers. The Avion Virtual Machine (AVM) is not a modification or rewrite of the underlying JVM, but a supplementary software layer that can interact with the JVM as developers build decentralized applications and smart contracts above it.Java provides a secure, transparent, scalable, and easily-deployed environment for those unacclimated to the crypto-landscape. This is fits Aions mission statement to promote more extensive use of blockchain.By employing a commonly used language like Java, Aion CEO Matthew Spoke hopes to surmount one of the largest barriers to widespread blockchain adoption: terra incognita.We made the strategic decision to leave the JVM intact so we could fully leverage the mature ecosystem around it, said a company representative in a. Leaning on a hardened language like Java was crucial since a major obstacle for a business interested in Blockchain is the cost and time needed to train their teams on unfamiliar frameworks, languages, and tools.To this end, Aion also provides blockchain education and onboarding through and Aion University. Billed as a collection of engineers, academics, designers, and entrepreneurs aligned with a singular, altruistic mandate the network provides a catalog of developer tools and application templates, as well as mobile APIs and software development kits.We have a unique opportunity to build a foundation for the future economy. Aion is our contribution to that future; and we need the best and brightest to work alongside us to make it real, said Spoke, on the .The Aion blockchain utilizes multiple tools already popular on the mainnet, which provide accessibility and redundancy in the public network.Aion aims to become the common protocol used for these blockchains, enabling more efficient and decentralized systems to be built. The Aion protocol enables the development of a federated blockchain network, making it possible to seamlessly integrate dissimilar blockchain systems in a multi-tier hub-and-spoke model, similar to the internet.The native currency, AION, facilitates transaction fees for miners of the network. It has a current market-cap of $60,495,358 USD, according to Image via ShutterstockSource: CoinDesk.com

ICO ICO Analysis: AION Published 7 months ago on October 3, 2017 By Aakash Kawale The Early Internet The current state of blockchain and its adoption can be compared to the early days of internet. The early internet analogy of blockchain can be useful while looking at the potential of blockchain and cryptocurrencies. Before its mass adoption in the 1990s, the internet was dispersed in many local networks called intranets. The real breakthrough only came when different intranet networks realized that they could use a unifying Internetwork protocol to communicate among each other, thereby extending reach by compatibility even more. The invention of TCP/IP made it possible for any intranet to connect to the internet, leading to its mass adoption and present form. // -- Discuss and ask questions in our community on Workplace. Interoperability In Blockchains Since Bitcoin introduced the concept of blockchain in 2009, there are hundreds of public and private blockchains in existence today. There is no connectivity between these blockchains and each of them serves a different purpose. It is widely believed that in the future, mainstream blockchain adoption will be achieved by the development of a network which will integrate and connect all the blockchains to each other, similar to what TCP/IP did to the internet. Understanding AION Aion provides the middleware for blockchains to communicate with each other, and the ability to pass messages between them. The Aion blockchain network is like a computer network that makes it possible for dissimilar systems to communicate. The Aion network will pass logic and value among participating blockchains as freely as liquid assets, where every transaction occurs without centralized intermediaries. The Aion network will be centered on a public, purpose-built third-generation blockchain called Aion-1. Designed to connect other blockchains and manage its own robust applications, Aion-1 also provides the crypto-economic system that incentivizes interoperability in the ecosystem. The transactions and communication between different public and private blockchains is done through Connecting Networks. They act as intermediaries and provide an interface for developers and users to route messages between blockchains. The participating networks communicate with each other using a bridge, which is a communication protocol that facilitates communication. There are 3rd party validators on the bridges which approve the transactions upon consensus based on BFT based algorithm. The bridge validators are rewarded from the interchain transaction fees. Aion is creating a new type of verification algorithm based on concepts used in modern neural networks called proof of intelligence. // -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- // Sounds good, right? But have a look at the competition Aion is entering an already crowded space with many competitors in the market. Ark, Cosmos, Wanchain are some of the other projects working on similar ideas. Ark is the oldest of the lot and is based on Delegated proof of stake consensus mechanism. We have already covered Cosmos, you can check it out here. China based Wanchain have delayed their 15th September ICO over the Chinese regulatory concerns. Aion differentiates itself in the sense that it is more focused towards enterprise level of implementation. The blockchains on the Aion network will be enterprise level Fortune 500 companies which will be blockchenized and connected to the Ethereum network. The core premise of Connecting different blockchains and enabling widespread adoption is similar across all these projects. The Team Aion has got a strong 20 member team, which includes engineers, business developers, marketing people etc. Before conceptualizing Aion, the same team has worked on Nuco since 2016. Nuco is a blockchain enabler wherein it helps businesses build applications on top of blockchains. Nuco is already into its Beta with a working Testnet version. This gives a high credibility to the team. Along with Aion, Nuco is working on The Enterprise Ethereum Alliance which connects Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts. CEO Mathew Spoke has been working with blockchain based technologies since 2012. One thing that we noticed about him is that he seems like someone who truly believes in the disruptive potential of blockchain and wants to see its mainstream adoption. Although there are no advisors listed for Aion, the team has worked closely with a strong advisory team with NUCO which includes Vitalik Buterin. Aions experienced and competent team gives it some advantage over other similar projects. Crowdraise The AION token will power the Aion network. The network powered blockchains will pay the validators in terms of AION tokens to initiate any inter blockchain transactions. AION tokens are the fuel used to create new blockchains, monetize inter-chain bridges, and secure the overall network. The crowdraise is a tad complex and is planned in 3 phases of private sale, public presale, and public sale. The public presale phase will launch on 3rd October and will be done in 5 tranches of different pricing levels for an estimated 40,000,000 AION token. 1 AION token is priced at 0.75 USD in the first tranche. The soft cap is as high as 15MM USD and the presale will go on 4 hours after the soft cap is reached with no hard cap! To give you a perspective, similar project Cosmos had a cap of 17 MM USD in its entire crowdraise, while AION is aiming to raise 15 million USD in the presale itself. We wonder why Aion needs as many funds as it intends to raise. Verdict The author believes that the widespread adoption of blockchain will come across 2 fronts. It would either happen through a platform like Block.One which hides all the aspects of the underneath blockchain, providing a seamless experience without the users even realizing that they are using blockchain or connecting platforms like Aion. Although there is a huge potential in the technology, there are too many platforms working on the same thing without any clear differentiation. Risks The biggest concern as mentioned a couple of times above is the number of platforms working on the similar idea. -3 The raise structure is complicated and looks somewhat greedy. 15 MM USD softcap for the presale itself! There is also no clarity on the funds usage. -2 Aion is planning to connect its affiliate blockchains to only Ethereum and not other significant blockchains like Bitcoin. Competitors have promised to provide a connection between all major blockchains. -2 Growth Potential After successfully working on Nuco and its associated projects we believe the management is capable enough to implement a project of this scale. +3 Aion is designed for enterprise level blockchains to get connected to each other. Nuco has created Enterprise Ethereum Alliance, which had advisors like Vitalik Buterin and Alex Tapscott. Aion is like an extension of Enterprise Ethereum Alliance. +7 Aion is creating its own consensus algorithm for verification which is a combination of proof of stake and proof of intelligence, which removes some inefficiencies from the existing platforms. +2 Desposition We arrive at a score of 5 for Aion which is a tad higher than Cosmos. Some small amount can be kept aside for moonshots like these considering the potential if they scale. Investment Details The presale starts on 3rd October 2017. You can contribute funds here. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Aakash Kawale 4.5 stars on average, based on 15 rated postsAakash Kawale is a financial analyst based out of Mumbai, India. He is the lead analyst at a Singapore based organization and has extensive experience of analyzing US and Indian equities. Aakash is a strong advocate of the Blockchain technology and has been analyzing cryptocurrencies since 2015. Follow @HackedCom Feedback or Requests? Related Topics:AIONAion ICOico analysis Up Next ICO Analysis: AirToken Don't Miss ICO Analysis: Gizer You may like ICO Analysis: Hyperion ICO Analysis: Skraps ICO Analysis: Dock.io ICO Analysis: Gizer ICO Analysis: DOVU ICO Analysis: Snip 1 Comment 1 Comment jagrmeister October 7, 2017 at 6:45 pm AION could backfire for pre-sale investors because the public sale is a Dutch Auction and the volume they are trying to raise is massive. I explain this in my review (https://slimwiki.com/ico-collaboration/aion). Essentially, they are raising upto $150M in the public sale; its a Dutch Auction so if supply > demand, the price keeps dropping and dropping. Bad for pre-sale buyers but may be good if you catch the tail end of the public sale. Log in to Reply You must be logged in to post a comment Login Leave a Reply Cancel replyYou must be logged in to post a comment. ICO ICO Analysis: Ambit Mining Published 14 hours ago on April 21, 2018 By Ross Peili By 2017, cryptocurrencies reached their mainstreampeak, where people like Alan Greenspan and Microsofts Bill Gates were talking about the possible value in this new digital asset class. // -- Discuss and ask questions in our community on Workplace. The current state of blockchain technology has already proven itself more than just worthy, improving the lives of many people and legal entities in various ways. However, blockchain-powered platforms require an enormous amount of computing power to run smoothly. One of the most important gears of the current blockchain-factory is the concept of mining cryptocurrencies, or in a nutshell, lending your computing power and resources in order to provide the blockchain the power it needs to perform the transactions set within the network, in exchange for a portion of the transaction. While mining is necessary for most of the current blockchain systems, it is also a pain in the ass for various reasons, including // -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- // Mining has extremely high-energy costs The noiseand heat generated by the machinery could be really disturbing Requires a lot of physical space Requires expensive hi-tech ventilation/air-conditioning systems Requires 24/7 personnel to monitor the plant That is why, over time, mining ended up being extremely difficult and concentrated in a few hands. Most mining companies disappearedor merged with similar companies and those who take mining seriously even started to move to countries with low taxes and low electricity fees. For some countries, mining feels are very low. Take Georgia, for example, where the average rental price per a square meter is not more than a couple dollars. The price per KWhis not more than $0.05, in opposition to the average European KWh price that is currently around $0.20. Ambit Mining is a Georgian-based start-up that has been taking advantage of these features for some time now. The company operates its own mining plant, powered by major industrial titans like Schneider Electrics, AMD, NVidia, Cisco and Kingston. Ambit Mining is constantly evolving and are now launching their own ICO to power an ecosystem of investors and developers under the Ambit Mining roof. The Georgian company not only is one of the most promising, according to their latest transparency release, but they have ties to governmental institutions in Georgia, understanding both local and international markets with a solid and modern business plan. Unlike most mining plants with a business model, that rent you specific hash power, Ambit Mining gives you the opportunity to be part of the business model by releasing 85% of their total token supply to the public. Ambit Mining uses both ASICs and GPUs to diversify risks. They have a modern plant and they keep expanding. Ambit Mining unites mining, cloud, and hosting services into one decentralized platform, guided by the community shareholders. The company is part of the economic free zone of Tbilisi, capital of Georgia and they have an interesting and transparent history when it comes to mining. Their latest project achieved 100% ROI in just five months. Token The AMBT token is Ambit Mining ecosystems native currency. It can be used to purchase mining contracts, computing power, or even cloud space. Each token has a value that can be translated as a vote on significant community events and updates. At the same time, naturally, you can swap your AMBT for ETH, or any other major cryptocurrency and find shelter in fiat or other altcoins. The total token supply is set to 104,000,000 AMBT, 85% of which (88,000,000) will be accessible during the public sales. Ambit Mining, unlike most ICOs, will require only 3% to be reserved for the company, while 9% is distributed to team and advisers, and the final 3% will be given to bounty participants. The starting price of an AMBT token is approximately set around $0.5 per unit, which is ultra cheap, if you consider that projects with a similar total supply cost between $10 and $200 at the moment, with Ethereum (~99 million total supply) being the most expensive per unit at $585 US dollars. Team Beka Vashakidze (Founder & CEO) is the CEO of BF group holding Company operating on mining in Georgia. He is involved in numerous different industries including Fintech, Digital Media, oil and gas among others. Giorgi Inashvili (Chief Operational Officer) is behind numerous projects around marketing, sales, and logistics areas. He is talented in business planning and project management. George Khmaladze (Chief Financial Officer) is currently a professor and lecturer at Georgian Technical University. He is an important figure in Georgia, having served director and chairman in various organizations in his country. In the board of advisers, we can find Karan Khemani, CEO of Spectre, Miguel Palencia, Chief Information Officer at Qtum Foundation and Andri Matiukhin, Chief Technical Director at Hacken among others. Overall, the Ambit team consists of professionals with years of experience in the mining scene. A big portion of the initial team is native Georgian, acknowledging the benefits of the grounds they live in. Verdict Mining is a crucial part of most blockchain-based technology companies. The more companies adopting distributed ledger technology, the more mining will be required. Ambit offers its services as a solution to this problem, with specified facilities and reduced mining costs. Indeed, Ambit has favorable synergies that could be very beneficial for someone looking at mining seriously. Within its years of operation, Ambit has managed already to create a 1 MW diversified mining facility in Tbilisi where its based. This facility has managed to achieve 100% ROI in five months. This indicates that the operation is up and running, proving it can grow, provided that the terminals are put into place and running. Having the whole of the investment concentrated on one spot means that the service team will be able to respond very fast in case something goes wrong. Ambit plans to grow its operation to 20 MW through this project, having mining enthusiasts on their side and the support of the high-end technology manufacturers affiliatedwith the company. While mining is very important for most blockchain-platforms, there is a new wave of decentralized distributed ledgers that have a pre-established number of tokens, pre-mined and they use variations of the PoW protocol, eliminating the need for miners. Risks From an investors perspective, the following facts are important to consider when weighing Ambit Mining: While Georgia may be friendly to mining at the moment, it still is a very expensive and energy-consuming sport that might be changed or even faded away in the future. -1.5 Mining nowadays is not as easy and profiting as it was during the golden days of the blockchain. Major mining companies have already established plants that work for years, having a standard client database. Ambit Mining will have to work hard to attract new investors into their network. Even with the lowest prices of the market, that is a challenge. -2 In general, mining facilities are extremely vulnerable to natural disasters, and that does not exclude Ambit Mining from the list. For an example, an earthquake can be devastating for the company itself as the whole operation is relying on a single geo-location. -1 Ambit Minings native token, AMBT, does not offer anything out of the box, as there are infinite options already doing what AMBT is created to do. -2.5 Growth Opportunity On the other hand, if considered seriously and programmed with technical craftsmanship, mining can be still one of the most profiting sub-sectors of blockchain technology. Ambit Mining seems to understand the specific market well with a series of transparency reports backing this fact. +2.5 Finding cheap operational fees in the sector is not a walk in the park. Whether Ambit Mining has chosen Georgia as their base due to the fact that it is their home country or the fact that it has cheap taxes, and electricity fees, it is one of their best key points for the moment. +3 Unlike most mining plants that are decentrally centralized, keeping almost half of the total token supply for the company, Ambit Mining is in position to share 85% of the total token supply with the community. +4 $0.5 per AMBT or any other token with a logical total token supply is more than just fair and it could bring an easy x4 to x5 just after the token enters the mainstream markets. +2.5 Disposition Ambit Mining could be a profitable model for ICO investors or even blockchain investors, but we should consider the fact that mining will have to eventually upscale its model into a less consuming, energy-efficient platform. The company, as well as the team, look really promising and wise on the sector, although relying your whole business plan on a single country, on a single location could lead to unpleasant surprises in the future. A score of5out of 10is reserved for Ambit Mining, based on present facts. Investment Details Type: Crowdsale Symbol: AMBT Platform: Ethereum Pre-Sale: Apr. 20, 2018 Public Sale: May 10, 2018 PaymentsAccepted:ETH, BTC (KYC Required) Official Website White Paper Disclaimer: The writer has no position in Ambit Mining at the time of writing. Featured image courtesy of Shutterstock. Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink. Rate this post: Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way. (0 votes, average: 0.00 out of 5)You need to be a registered member to rate this. Loading... Ross Peili 3.1 stars on average, based on 7 rated posts Follow @HackedCom Feedback or Requests? Continue Reading ICO ICO Analysis: CoinJanitor Published 23 hours ago on April 21, 2018 By noahsayres There are more than 4,500 crypto assets of some sort in circulation. // -- Discuss and ask questions in our community on Workplace. Yet many of them are functionally dead. This is problematic for both the owners of these dead tokens and the cryptocurrency markets at large. For the owners of the dead coins, the issue is that they cannot recover the value locked in either a token and/or network that doesnt allow them to trade for anything else. Meanwhile, cryptocurrency markets themselves suffer from the dilution of capital, resources and reputation issues due to the sheer number of unusable coins. // -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- // CoinJanitor aims to solve these issues by taking over failed projects and exchanging the associated failed tokens with that of its native Janitor token (JAN). Their plan is to burn all failed project tokens they receive. Through this approach, they posit that value will be restored to individual users who can then sell or trade their CoinJanitor tokens for other cryptocurrencies. An additional benefit will also come to the community via the recycling of codebases and project assets. The project is premised on the belief that by reducing resource dilution in the overall cryptocurrency market, CoinJanitor will contribute to the network effect of truly functional coins, more effectively leverage fragmented communities, and implement mechanisms for the recycling of spent resources back into future projects. As a result of this valuable market service, CoinJanitor proposes that it will also benefit from its own network effect and create a highly engaged, loyal community of coin holders working towards the improvement of utility and value in the crypto economy. Token According to their own whitepaper, CoinJanitor tokens will be a deflationary asset with an increasing community and reach, which should push prices up and give us more comfortable terms to buy out subsequent failed projects. Therefore, users of the first projects that we buy out will enjoy a double benefit. They will receive relatively more CoinJanitor tokens for their locked value, and as CoinJanitor proceeds to buy out the next projects, the value and the price of the CoinJanitor tokens they hold, should increase accordingly. The hope for CoinJanitor is that this economic incentive will create enough interest to speed up the achievement of their stated goal of buying out 3 dead or failed coins within the first 2 months of operations. From that point forward, they believe the pace should accelerate since they would be able to prove the viability of the project, gather more users under the CoinJanitor umbrella, and generate more demand from dead or failed coin holders. In theory this is a coin whose very business model and inherent token economics should lead to exponential growth for long-term holders if implemented correctly. There will be a total of 100,000,000 JAN tokens generated in the ICO.Token distribution is as follows: 50% of all tokens will be sold in the open market to fund the project and all operations. 30% of the coins will be held by the CoinJanitor project to buy out dead or failed coins. According to the whitepaper, CoinJanitor will only use the tokens it issued to buy dead coin holders out. 5% CoinJanitor Partners 5% Bounty Program 10% Founders, Team and Future Employees Their whitepaper states that all CoinJanitor tokens not sold during the public sale will be airdropped proportionally to contributors. This airdrop will importantly EXCLUDE CoinJanitor team members and the CoinJanitor reserve. Team This appears to be a highly qualified team. CEO: Marc Kenigsberg Marc has been involved in Bitcoin since 2013 and has 18 years experience in online marketing. He was one of the worlds largest cryptocurrency affiliates and the founder of BlockSmarter and Bitcoin Chaser. Marc is one

Your Guide to the Blockchain Economy Aion is a third-generation blockchain protocol providing blockchain interoperability. With Aion, any public or private blockchain can scale, spoke, and federate. The root of these abilities is the third-generation public blockchain, Aion-1, which was purpose built and designed to connect various other blockchains while also managing its own applications. Aion is being led by the CEO of Nuco, Matthew Spoke, who is also a board member on the EEA. He has been a key part of enterprise blockchain leadership for almost four years. The Nuco CTO, Jin Tu, has more than 15 years of experience with enterprise engineering and over four years of experience in the blockchain industry. New Alchemy is working to support and advise the Aion project.  Peter Vessenes is leading that team. Vessenes launched the very first VC-backed Bitcoin business in 2011 and co-founded Bitcoin Foundation the following year. With Aion, users can federate, meaning that the platform makes communication between blockchains easier due to its high-performance bridging mechanism. With multiple bridges connecting chain pairs, value and data can be transferred. In terms of scaling, Aion introduced a high-performance virtual machine that tackles scalability and performance. It does this by offering the ability to operate on multiple chains. Finally, Aion allows for the custom design of blockchains, including various virtual machines and consensus algorithms. Most importantly, none of this customization, or spoke, negatively impacts the blockchain’s interoperability with the other blockchains. With the growing number of blockchains, interoperability will make it possible for users and organizations to make use of multiple chains. Interoperability and inter-blockchain communications will be useful when it comes to any type of cross-organizational functions. The Executive Summary of Aion sees this interoperability helping supply chain operations, government entities, businesses with several internal blockchains, and communication among health providers. The most important thing to know about the Aion network is that it makes it possible for various blockchains to communicate with each other. With the network, blockchains can pass value and logic between themselves, just like they would any liquid asset. Every single transaction takes place without a centralized intermediary, continuing the trend of decentralization common to the blockchain. The center of the Aion network is Aion-1, the purpose-built and public blockchain in its third generation. In addition to the above functions of managing its robust applications and connecting other blockchains, Aion-1 provides a crypto-economic system that encourages interoperability within the ecosystem via incentives. The Aion-1 blockchain is fair, distributed, and open. The team wanted to connect external services and blockchains in a contiguous network, providing accountable communication with a decentralized network. They also wanted Aion-1 to provide the infrastructure needed for developing inter-blockchain applications that are decentralized and high performance. Finally, they had the goal of creating a network that can be maintained via a sustainable, robust economic model. With it, users can deploy their own adjacent participating networks for a specific use case and using the accountable routing architecture to communicate with the other networks. The team sees numerous possibilities for Aion-1, including large enterprises using it to host their consortium network, community-oriented open networks, and everything in between. First-generation blockchains are those first inspired by Bitcoin when it launched in 2008. The first-generation chains used cryptographically secure digital transactions of a peer-to-peer nature, which were recorded on the immutable public ledger and verified using a decentralized network. The second generation of blockchain refers to Ethereum’s introduction of the ability to create application-specific logic on a blockchain network. This expanded the capabilities to include more than just transactions, adding things like multiparty contracts and business logic. Aion-1 is a third-generation blockchain since it is part of the future where blockchains can federate value and data within a hub and spoke model reminiscent of the internet. AION network tokens are used to secure the network overall, create new blockchains, and monetize the inter-chain bridges. The tokens are transferrable, and AION is an ERC-20 token. The AION token is first offered as the ERC-20 token on the Ethereum blockchain. Once the team makes the Aion network operational, users can convert these ERC-20 tokens to the AION network tokens. The token will then be able to freely flow between the two blockchains, as an AION-1 token or ERC-20 token. There are a number of wallets available to store AION tokens. Ethereum wallets such as Jaxx, MyEtherWallet, Metamask and imToken. Hardware wallets including Ledger or Trezor are also supported. You are not able to purchase AION with “Fiat” currency so you will need to first purchase another currency – the easiest to buy are Bitcoin or Ethereum which you can do at Coinbase using a bank transfer or debit / credit card purchase and then trade that for AION at an exchange such as Binance. For first time buyers of crypto currency, we recommend that you use Coinbase to make your first purchase – its easy to use, fully regulated by the US government so you know it is one of the safest and most reputable places to purchase cryptocurrency from. Coinbase offers the ability to purchase Bitcoin, Litecoin and Ethereum with a credit or debit card or by sending a bank transfer. The fees are higher for cards but you will receive your currency instantly. You will have to carry out some identity verification when signing up as they have to adhere to strict financial guidelines. Make sure you use our link to signup you will be credited with $10 in free bitcoin when you make your first purchase of $100. To get started, click the “Sign up” button where you will be taken to a registration form where you will need to enter your name, email and choose a password. For this guide, we will be purchasing Ethereum to swap for our target cryptocurrency. The reason for this is that it has far cheaper fees than bitcoin for sending and the transaction also happens a lot faster. So in Coinbase, visit the “Buy / Sell” tab at the top, select “Ethereum”, choose your payment method and enter the amount you wish to purchase – you can either enter a US Dollar amount or a number of Ether. You will then be asked to confirm your transaction, if paying with a card you might have to complete a verification with your card provider. Once that’s complete, your Ethererum will be added to your account. You can now send your Ether over to Binance to make your purchase of AION, take a look at our review of Binance here to see how to signup and purchase on their exchange. During 2017, Aion published its technical paper and had its token generation event. It also released a product allowing users to build their own Aion-compatible blockchains. 2018 begins with Aion Phase 1, which focuses on bridging infrastructure and interchain communication. Functionality during Phase 1 will include the modified proof-of-work consensus algorithm, a functioning token bridge, interchain communication, and the Virtual Machine with its EVM source compatibility. After this, the team will release the Aion Virtual Machine Technical Paper, Aion Proof-of-Intelligence Paper, and Aion Bridging Paper. From there, they will launch Aion Phase 2, which targets the migration toward the Aion Virtual Machine (AVM) architecture they propose from the modified EVM architecture. The priorities for development in Phase 2 include the Aion scripting language, introducing the first version of the AVM, and the proof-of-intelligence consensus algorithm. 2018 will wrap up with the Aion Participating Network Paper. 2019 will start with the Aion Network Economics Paper, followed by Phase 3. This phase will finalize the network infrastructure, allowing for efficient and fast interchain applications and communication. There will also be a focus on the AVM Version 2, a complete validator nomination consensus mechanism, and participating network bridging. With the constantly growing number of blockchains, a network like Aion becomes almost a necessity for its ability to let these blockchains communicate with each other and interact. This should allow more organizations to take advantage of the blockchain since they will not be limited to using just a single blockchain and can take advantage of multiple platforms. Founder of Blockonomi and Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet. All content on Blockonomi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. Your email address will not be published. Required fields are marked * Notify me of follow-up comments by email. Follow us on social media & join our growing audience who get the latest ICOs, Crypto Reviews and Guides from Blockonomi.

Recently, the IOHK CEO Charles Hoskinson met with AION’s CEO to discuss interoperability and partnerships. This has elicited excitement in both the Cardano and AION communities, and for good reason.   Cooperation between projects is an indicator that crypto space is maturing, and is entering a new era, one that opens a whole world of opportunities for crypto projects. For instance, with interoperability, projects can leverage each other’s strengths to drive adoption. Without it, projects stand out as isolated islands that can’t achieve much on their own, and would probably never be adopted at scale. In the case of Cardano and AION, such a partnership opens up the possibility of adoption of these two blockchain in Dapps development.  Both have strong capabilities on this front, with features such as censorship resistance and scalability. In essence, when working together, they provide an amazing opportunity for the development of applications that touch on different industries, such as in the finance world. For an investor, this makes these two projects worthy investments going into the future. Sure, this may not lead to a breakout in the prices of these two projects in the short-term, but long-term, it places them in a good position to growth going into the future. That’s because, as Dapps on these two projects grow going into the future, their intrinsic value will grow, and this will be reflected into their prices once the crypto market recovers. On top of that, collaboration will play a role in pushing for the right regulations that support blockchain growth and adoption. There is a huge disconnect between what blockchain projects have achieved so far, and existing regulations. Regulations have largely lagged behind, which makes it complicated for the full scale adoption of this tech, especially at the institutional level. The solution will be for blockchain projects to come together, and have a united voice in pushing for a more up-to-date regulatory framework for blockchain technology. Forming a united front starts with what projects like Cardano and AION are doing. Taking an approach of collaboration rather than competition. As more projects shift to this strategy, the right regulations will come, and open up the large scale adoption of blockchain technology, further pushing up the value of projects like Cardano (ADA) and AION that are already leading the way on this matter. In essence, for an investor looking into crypto for the long haul, projects like Cardano and Aion that are already forward thinking enough to think collaboration make for good investments. These could shine big once adoption happens at scale, and could be at the forefront in shaping regulation. For Cardano, its standing as an investment is raised by the fact that it is building relationships with governments. These are relationships that could prove vital in advancing the adoption of Cardano. Governments especially in the developing world could ultimately build their systems around Cardano (ADA). Its future is bright, and its risk levels lower than most altcoins.

This is a “Meet the vendor” profile update from MLG Blockchain on Aion Network as part of the Blockchain for Business Comparison available here Aion or the Aion Network is an open source blockchain protocol built by the Aion Foundation that is focused on spearheading the third generation of blockchain companies through connecting divergent blockchain networks. Nuco, a startup led by three deloitte blockchain champions in 2016 created Aion as a projected funded through an ICO in October, 2017 raising $22 Million USD. Below is an explanation of the three generations of blockchain: Projects within the first generation were mostly related to alternative currencies. The first and leading project that spear-headed this generation was Bitcoin. Projects within the second generation were related to the creation of dynamic platforms that would make dApps possible. The platform that spearheaded this generation was Ethereum. The 3rd generation is now starting to rise as there is a need to connect and seamlessly integrate operations across separate and divergent blockchain networks. This is similar to how the internet transformed simple flip phones into smartphones. Aion’s blockchain network will allow both public and private blockchain networks to: Federate: Send data and value between any Aion-compliant blockchain and Ethereum. Scale: Provide fast transaction processing and increased data capacity to all Aion blockchains. Spoke: Allow the creation of customized public or private blockchains that maintain interoperability with other blockchains, but allow publishers to choose governance, consensus mechanisms, issuance, and participation. Isolated blockchain networks that have no method of connecting with each other Different programming languages, protocols and structures make it difficult for blockchain networks to connect. Scalability is possible as currently there is a saturation of dApps on blockchain platforms. Aion is currently in Phase 1 of its roll out and is currently working on the following properties of development: Aion continue to design and develop neural-netbacked consensus system to advance from traditional PoW networks. Utilize characteristic of Ethereum VM to modify and improve performance. Support a mechanism for AION tokens to flow seamlessly between Ethereum and Aion-1. Allow the creation of unlimited spokes—custom blockchains that connect with all other Aion network blockchains and allow users to customize governance, issuance, and participants. Provide inter-chain communication of data and value between all connected blockchains in the Aion ecosystem Enable the development of cross-chain dApps that can leverage and execute data and logic across all blockchains. Utilize a hybrid delegated consensus model with wide-spread participation through coin staking “stakers” and participants in the proof-of-intelligence algorithm “solvers” Commercial and government applications often require a high transaction rate. In addition, most blockchain systems have not been designed to store large amounts of data. The Aion network addresses these issues by introducing a new, high-performance virtual machine (VM) and a scalable database solution. Allowing custom blockchain design—including different consensus algorithms and VMs—without sacrificing interoperability. Pioneering a new representative consensus that uses a proof-of-intelligence staking mechanism. Aion currently supports the Solidity scripting language. The protocol’s native currency, AION, serves as the crypto economic incentive and security mechanism to power transactions and computation on the network. AION tokens are the fuel used to create new blockchains, monetize inter-chain bridges, and secure the overall network. Enterprises will be able to partition a blockchain to control access using Aion. Aion FastVM is a 128 bit virtual machine, which is based on the Ethereum virtual machine, features a wallet address which takes 32 bytes for stronger security the Aion FastVMwhich claims to be an enhanced version of the EthereumVirtual Machine, allowing execution of decentralized applications The Aion Java API is a Java implementation of the Aion blockchain kernel application programming interface. The Web3 API was included to provide the community with familiar tools and interface for interacting with the Aion network. The Web3 module is structured to work with any Aion node to provide a means of deploying smart contracts. The current release utilizes a custom equihash consensus algorithm dubbed “Equihash 2109”, a modified equihash algorithm, which claims to double the memory requirement but achieves identical block times. The AION proof-of-work (PoW) protocol is based on the Equihash algorithm. Aion aims to build a generic bridge used to connect blockchains and external services through a contiguous network and provide an accountable communication maintained through the network. The first bridge iteration being built will be between the Aion network and Ethereum. The nodes that form the bridge will also have a process for reaching agreement amongst themselves and deciding whether to respond to a certain transaction on one of the chains by executing a corresponding one on the others. Bridges will be bidirectional, and will sign and broadcast an interchain transaction only if they have been sealed in the source blockchain and an interchain transaction forwarding fee has been paid, and will inform the connecting network of the merklehash updates of the participating network. Bridge validators will use a lightweight BFT-based algorithm to reach consensus. Transactions get approved only after receiving over two thirds of the total votes. The first iteration of the token bridge will feature a proposed trusted distributed network responsible for forwarding transfer requests from the AION ERC20 Token into Aion Coins. SingularityNET →Utilising Aion to scale the SingularityNET platform SONM →Provide mining and computational power for hashing/proof-of-intelligence Moog Inc →Nuco developing a private blockchain to be compatible with Aion-1 Bitt → Looking to utilise Aion as part of their Settlement Network Blockchain Interoperability Alliance → Aion/Wanchain/Icon are founding members of the alliance with the goal of ensuring best/common practices/standards and interoperability between interoperability platforms. They encourage other interoperability protocols to join. Aion, started by Matthew Spoke, CEO of Nuco and board member of the EEA, is a leader in the enterprise blockchain domain for nearly four years and is backed by an incredibly talented team at Nuco. Jin Tu, Nuco’s CTO has over 15 years of experience in enterprise engineering and has been involved with the blockchain industry for over four years. Matthew Spoke leads the Aion team; he is the founder of Aion and the CEO of Nuco which is a blockchain developmental focused on developing Nuco. He is also a Fintech advisor to the Ontario Securities Commission, serves on the board of directors to the Enterprise Ethereum Alliance. Matthew’s past work experiences include working at large multinational corporations such as Deloitte Canada as a blockchain specialist. The Aion network team are multi-talented and have over 23+ team members plus nine advisors working on the Aion project below I have listed some of the team members, advisors: Kesem Frank: Is the Chief Operations Officer to the project; he is also the co-founder of Nuco. His past work experiences include working at large multinationals such as Deloitte Canada where he worked as a blockchain specialist. Richa Vajpeyi: Active role as the Head of Marketing and Richa currently serves as the Director for Accente which is a curated online store. Past work experiences include working as the Program and Marketing Manager at BrandSpark international. Jinius T: Serves as the Chief Technology Officer  his previous work experiences include working at Morgan Stanley as a Senior Risk Engineer, Jinus also worked for Deloitte as a Blockchain Architect& Lead Developer. Kimberly Luu: acts as the lead developer for the platform she is an honors graduate of the University of Waterloo where she specialized in Mathematics/Business Administration. Previous work experiences include working for RBC Capital Markets as a Global Loans Officer. The following two tabs change content below.BioLatest Posts Jeff Holek is a product-focused Engineer with a thirst for disruptive technology. Having worked in both product development and technical consultancy spaces, Jeff has not only built world class products, but has marketed and sold them at scale. Jeff was a founding member and judge of the WE Pitch Competition. It’s goal was facilitating the culture of Entrepreneurship among University students to provide them with the opportunity and encouragement to pursue their startup ambitions. Within the blockchain space, he is actively working with Academia, Enterprises, and Government in order to drive adoption and understanding on how this transformative technology can impact and address their needs. Meet the vendor: Aion Network (What Blockchain) - December 30, 2018 Blockchain for the Enterprise – meet VeChain! - July 18, 2018 New “What Blockchain for Business?” Comparison & Technology Introduction - June 8, 2018 Leave a Reply Follow jQuery(".sfsi_widget").each(function( index ) { if(jQuery(this).attr("data-position") == "widget") var wdgt_hght = jQuery(this).children(".norm_row.sfsi_wDiv").height(); var title_hght = ; var totl_hght = parseInt( title_hght ) + parseInt( wdgt_hght ); jQuery(this).parent(".widget.sfsi").css("min-height", totl_hght+"px"); Top Community AuthorsHerman RuttenThe WhatMatrix SDS & HCI Landscape Report 2018 is here!Ephraim BaronThe WhatMatrix CMP Landscape Report Q3 2018 is here!Jeff HolekMeet the vendor: Aion Network (What Blockchain) Tweets & Updates What Data Protection solution in 2019? Compare the top platforms in… twitter.com/i/web/status/1… @PTerlisten @viktoriousss @vmware_nl The very best from all of us Viktor - enjoy! 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Blockchain technology has often been lauded as the “killer of intermediaries”, removing the need for third party financial and banking services. The increased verticalization of blockchains has led to the technology becoming applied in various industries and areas. However, this has perhaps exacerbated the already obvious need for intermediaries, which exists even in the world of crypto. As blockchains are created for various means, they do solve many internal issues. But their main problem remains the fact that they are unable to communicate with one another directly. Often times people want to transfer one cryptocurrency into another; this is impossible without the help of an intermediary like an -3','ezslot_2']));This is why blockchain enthusiasts and developers started working on a new concept called interoperability projects. Interoperability is the ability to easily share information and transact across blockchain systems. In a fully interoperable environment, if a user from another blockchain sends you something on your blockchain, you will be able to read, comprehend, and interact with or respond to it with little effort. Such projects look to create a platform that will enable various different blockchains to communicate freely with each other, without the need for an outside intermediary. Craig Sproule, founder and CEO of Crowd Machine, recently said the following in an interview with ','ezslot_0']));“At the moment, interoperability is managed at the app level, but that requires developers to be proficient in different smart contract languages, Application Programming Interfaces (APIs) or third party tools. If the interoperability requirement is to continue to be resolved within the app, then an approach would be to standardize on a common smart contract language across all blockchains.”Standardization does seem like a good approach that has shown its value in numerous other industries. Having the basis set and already developed will spare new projects a lot of time and resources, and will ultimately create an environment where projects are free to interoperate freely. Interoperability lowers the entry costs into the blockchain industry and raises the security bar by making the entire network more robust. It also helps end users manage their funds in a simpler manner. Identity wallets like Civic or Metamask are currently individual and unable to communicate with one another; in an interoperable world a user will be able to access both with a single identity.Bitstamp is one of the oldest cryptocurrency exchanges. Read our Bitstamp review here.As I’ve already pointed out, there are a couple of projects out there that are trying to create a bridge between the various blockchains that are available on the crypto markets. The most famous ones to date are as zslot_1']));Aion is a third-generation protocol looking to provide blockchain interoperability for any public or private blockchain. Aion lets users federate, scale and spoke in a safe, fast and transparent way. The platform facilitates inter-blockchain communication and transfer of value/data by employing a high-performance bridging mechanism. It has a high performance virtual machine which runs dApps and allows them to communicate with dApps on other blockchains. Finally, it lets developers add custom features to their blockchains (like different algorithms and virtual machines) without sacrificing interoperability.Aion network allows multiple blockchains to exist and at the same time lets users move value and logic across said blockchains, eliminating the need for intermediaries. And the platform has already set the wheels in motion to fulfill its ultimate purpose. It is currently a member of the aptly-called Blockchain Interoperability Alliance, where a conjoined effort is being made alongside ICON and Wanchain to create an ecosystem of interoperability. Aion-compliant blockchains refer to the participating blockchains that comply with the Aion protocol; said blockchains will allow for bridges to be established easily to forward interchain transactions through Aion-1. To be Aion-compliant, a blockchain must meet certain requirements:So the platform will require a certain degree of standardization. More specific details on the requirements will be published as the project progresses.Polkadot network is one of the newest and best received interoperability projects out there, considering the fact that they’ve completed a $140 million USD ICO to fund their ongoing efforts. Calling themselves a “heterogeneous multi-chain technology”, the network will utilize multiple customizable parachains that will allow Polkadot to achieve impressive levels of scalability. It will also have a relay chain to coordinate consensus and transactions and bridges that will serve as links to outside blockchains. The platform wants to lead the world into what they call Web3: a decentralized internet for everyone.HitBTC is one of the largest cryptocurrency exchanges. Read our HitBTC review here.Polkadot is built to connect private/consortium chains, public/permissionless networks, oracles and future technological developments yet to be created in the Web3 ecosystem. It enables an internet where independent blockchains can exchange information and trust-free transactions via the Polkadot relay chain, with the key tenets of scalability, governance and interoperability. Each of these elements is seen as a dot, and Polkadot intends to connect them to create an ecosystem designed to distribute power and equity.It uses the DPoS algorithm that will have validators and nominators in charge of governance, which can lead to a degree of centralization down the line. It will also have collators who will maintain the parachains by collecting transactions from users and producing state transition proofs for validators. Final layer of the network will be fishermen, who will monitor the network and prove bad behavior to validators. Projects roadmap has its genesis block planned for 2019, which is when we can expect the interoperability blockchains to start seeing general adoption.A French project looking to break into the interoperability market, Ark wants to create an ecosystem of linked chains and a virtual web of endless use cases which will make the platform flexible, adaptable and scalable. It will simplify the communication between blockchains by being an “all-in-one blockchain solution” capable of bridging the gaps between other cryptocurrencies.Born from the minds of the creators of Lisk, Ark utilizes SmartBridges technology to create the interoperable ecosystem which will allow currencies like Bitcoin, Ethereum etc. to directly communicate. Their website claims Ark’s Core is configured to produce ultra-fast transactions with 8 second block times which is much better than what Bitcoin, Ethereum or any other altcoin can achieve.The coin uses an EOS-like DPoS for governance which is a bit less centralized, with 51 delegates regularly voted for block producer responsibilities by the community. Every token holder in the ARK community has a proportionate voice in the decision-making process. ARK currently supports Python, Ruby, Java, Elixir, and other programming languages.Cosmos is another “blockchain of blockchains”, a network capable of supporting multiple independently functioning parallel blockchains. Cosmos is an open, permissionless network that will allow anyone to build blockchains on top of it. The platform will focus on creating an interoperable experience for multiple blockchain networks by utilizing a native underlying blockchain layer called Cosmos Hub. This hub will connect to other zones in the Cosmos Blockchain Network via a unique inter blockchain communication protocol, called IBC. The Cosmos hub keeps a record of the total number of tokens in each zone, making it possible to transfer tokens between zones quickly and easily without the need for third-party liquid exchange, which adds extra transfer costs.You can choose the best coin exchange by reading this article. Read here how you can quickly convert other coins to bitcoin and the other way around.Cosmos will have 4 main parts: Hub, Zones, Validators and Atoms. The hub is the basis blockchain that enables Zones to interoperate and function together. Each zone is an independent blockchain built on top of the Hub, powered by Byzantine fault-tolerant consensus protocols like Tendermint. Some zones act as sub-hubs, having several other zones that interoperate through them. Cosmos network will connect multiple zones through the IBC protocol, enabling various cryptocurrencies to communicate. If the network becomes overwhelmed with transactions, a new zone can be created to relieve the pressure and double the total zone throughput.Validators are an important part of the platform’s Proof of Stake algorithm. Each user needs to stake his Atom coins, the currency of the platform, in order to become a validator. The amount of coins staked gives you proportional voting power. Malicious validators therefore place their holdings on the line and risk using everything if they start behaving in a network-unfriendly way. Finally, The Atom token is the native asset to the Cosmos Hub, which can be used across the different distributed ledgers of each zone. Atoms give users the right to vote, validate, or delegate to other validators. Like Ethereum, the Atom token is considered to be the gas for paying for transactions.Interoperability will be an important milestone for the future of blockchain. Once it happens, many new horizons will become unlocked for the cryptocurrencies on the market. Faster and cheaper transactions, increased scalability and network throughput, safer data and value storage will all be crucial in creating the much lauded and blockchain based Internet of the future.Captain Altcoin is made up of investors and digital currency enthusiasts.We have seen a strong need for better media coverage in the industry as the rise and popularity of digital currency is at an all-time high.We strive to share the most reliable, interesting, and accurate information to our readers.

Altcoin Surge – What’s Next For Ethereum, Cardano, AION, & BAT? We have had a nice rally over the weekend, for instance, Ethereum was up 9% at its peak this Sunday and Bitcoin Cash went up 38% from Friday to Sunday. In this video, Marten will focus on Ethereum, Cardano, Aion, and BAT. ———– CHECK OUT OUR PODCAST: https://bit.ly/2sZCAiF New episode every Monday and Friday! ———– Check out Altcoin Buzz Ladies! https://www.youtube.com/channel/UCxulvI2C9wUvvDDNS7S35fA/videos ———- Connect with us on Social Media: Telegram: https://bit.ly/2IAqDuI ———- Looking for the best cryptocurrency wallets? Read about them here: https://bit.ly/2rTdthZ ——– DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd.

Chainlink, the decentralized oracle network, announced the release of new external adapters for cryptocurrency Zilliqa and AION. The products were announced via a tweet by the official twitter handle of the company – ‘The Chainlink Market.’ Chainlink aims to connect a blockchain to an off-chain infrastructure. A smart contract is a digital agreement that has been made tamper-proof by being run on a decentralized node network. However, due to the decentralized nature of a smart contract, they are also unable to interact with any external data feed, or another resource that runs outside the node network in which the smart contract itself is executed. Such a problem is called Smart Contract Connectivity Problem. This lack of connectivity with external resources creates a substantial limitation for what a smart contract developer can build today. This is where, Chainlink comes in, acting as a secure, decentralized and tamper-proof “blockchain middleware.” Chainlink enables a blockchain technology to retrieve data from the internet and feed it to a smart contract. External adapters enable the Chainlink to become easily extensible. They provide simple integration of custom computations and third-party specialized APIs to the blockchain. Nodes of a blockchain make use of the external adapter to manage the credentials necessary to access any data source. The only limit to the number of adapters per node is based on hardware capabilities of handling a large number of requests at once. External adapters are also, by design, service-oriented and separated from the ChainLink core software. Zilliqa and AION, are two of the future cryptocurrencies that aim to challenge Ethereum’s throne as the “best smart contract-focused platform” out there. Zilliqa, established in 2017, is considered one of the most promising projects in blockchain space. They have researched and implemented a technology called ‘sharding,’ in mining that has been found to scale as more miners join the Zilliqa network thus increasing its throughput. AION is a 3rd generation multi-tier blockchain system designed to address challenges of scalability, privacy, and interoperability in the blockchain systems. Both the projects stand to gain from the Oracle technology and ChainLink external adapters. The companies are expected to explore potential integration with ChainLink external adapters more in the future. ChainLink also has implemented similar adapters for Ethereum and even for Bitcoin. Blockchain experts agree on the fact that a decentralized oracle system is a necessity for the future of smart contracts. For smart contracts to function on a global scale, it needs a middleware like ChainLink.