AION The third generation blockchain network

Meet me again Yunita, this time I will explain about AION project which is very good for your future in the future.

Decentralized systems and technologies are essential to ensure a fair and prosperous future. That said, Decentralization has traditionally come with a tradeoff of disorganization and unreliable. So, of course history, as society and industry have evolved, have accepted, and become accustomed to centralized actors holding the responsibility for coordination and order in our most important system.

The Aion Network will be a general decentralization system in which any protocol barriers, whether private or public, will be connected. To learn more about the Aion protocol, read the Technical Introduction paper. As demonstrated by successful blockchains such as Bitcoin and Ethereum, the effectiveness of large, decentralized systems themselves work with appropriate economic incentive systems to influence participants against desirable honest behaviors. The Aion Network is equally dependent on such an economic system, and is supported by the Aion token. The Taion Review is the fuel used to operate the Aion-1 blockade, build and deploy software applications, build bridges between blockchains, and customize, create, and connect new participating blocks. AENS Tokens are used both as a condition to operate within the Aion network, as well as an incentive to maintain its integrity. This paper briefly outlines the main function of the AION token to its users.

Bitcoin is the first Generation Block generation that really turns people's thinking into the payment system. People focus on the decentralization of systems provided by bitcoin, not including low speed, liquidity, scalability and higher costs. Yes, all this happens with bitcoin. After that, we have become the second network of the Etherion Generation Block with more advanced protocols and capabilities than bitcoin that allows programmers and a wide audience for the reason of the application to be smart contract.

So now with the time and technology changes we've become the third generation of the AION Block Web site, which will provide a cross-working organization with participating networks and will pass the logic and cost among the involved blockbusters to create a sustainable value chain where every transaction occurs on a chain, with the logic and cost of the part between the chain as free as the liquid asset.

WHAT ARE ABOVE AION?

1.Communication throughout blockchain

One problem is the need to communicate across the block (read the executive summary above) The AION team realizes that there is a new set of problems and fragmentation in space so the solution is AION.

They have observed the demand signal in the block room and try to stay ahead of the curve for the requirements that will be needed in the next few years.

2. New Public Blockchain that can achieve mainstream scaling requirements

With AION, the design and meaning are for measurable, decentralized networks of many obstacles, and the key word is scalar!
They intend to build a new public blockchain which in itself is also a scalalbe.

Overcoming all these problems are Cosmos (internet blockchain), Pokadot (decentralized house for multiple chains), and AION.

However AION will also be much more, a full-blown contract smart platform, not just a bridge between new and existing blockchains.

The point is a new public blockchain that can reach the scaling requirements of the mainstream (millions of users) on a frequent basis. So think of EOS or Plasma for Ethereum, complete interoperability, scalability on a blockchain.

3.Explain intelligence

Another layer is proof of intelligence.In i is an interesting function to invoke AI calculations on chains in blockchain applications, This is part of AION vision for 5 years.

TOKEN

AION tokens on the motherboard are offered on the Ethereal block as ERC-20 tokens. As soon as the Aionoper network, this ERC-20 token can be seamlessly converted to AION network token, and will continue to flow freely between these two blockchains.

> Operation Aion-1

Aion's multi-tier blockchain network is like a computer network that provides protocols and standards for different systems to communicate. In addition to information, Aion's network can bypass the logic and value between the participating blocks. Review the Aion technical overview to explore this concept in more detail.

Aion-1 is the origin of the application of the connecting blockchain in the Aion network. It provides critical functionality to operate as a kind of router between other obstructions, as well as manage applications connected to multiple blocks. It is designed to have a good, distributed, open-ended blockchain architecture that is capable of meeting the requirements specified in a multi-tiered blockchain network architecture. To meet the operational scale and enable broad participation in the consensus validation process, Aion-1 will also use a representative consensus model.

> Consensus and network validation

This consensus model will enable Aion-1 participants to support validators who participate actively in the consensus process, enabling a dramatic increase in participation beyond what can be conventionally permitted by conventional consensus algorithms. The conceptual design behind a representative consensus model is similar to representative democracy,in which candidates register themselves and are elected by the votes they receive from their constituents.

However, in Aion-1, the validator must be supported by supporters, and each supporter receives a share of the validator's gift. Additional details on validation and support in Mainchain operations can be found in their website publication,available at: https://aion.network/

> Cost

Any transactions sent at Aion-1 carry charges, must be paid on the AION token. This fee is determined by the availability of current network resources, as well as the source and destination of the transaction. The originator of the transaction will be made to pay the transaction fee. Transaction fees will be collected and distributed to participants of the Aion-1 consensus process.

> Staking

Backing through token is done by staking the AION token to a specific Validator. The implication that the token is released by the network until the end of the term of office, at which time the token is returned to the user (no malicious action takes place). Or the user could decide to keep their shares with Validator for him. Next term In return for lurking, the backer receives a portion of the validator's gift. The rewards are proportional to the amount at stake.

TRANSACTION

Transaction between networks is a trust-free message between blockchains as an important infrastructure component Interchain communication Transactions between networks allow each blockchain to connect to the exchange of information. Relax The transactions are initially created on the source blockchain and then processed and forwarded by the bridge and Aion-1 before finally reaching the blockchain target. Interchain transaction creator must pay transaction fee for communication fee by using AION token. These transaction costs will be used to compensate and provide incentives to investors and bridges.

OTHER TOKEN

> Aion Backed Tokens

Another feature we're exploring is the standard concept to support a new token with AION. This mechanism will allow for the creation of new blockchains with their own tokens, while reducing the volatility of new tokens as well as lower barriers for individuals looking for new networks and applications without obtaining token risk fluctuations. Similar in theory to the Gold Standard tokens to be locked and allocated to certain network tokens. Whenever a token network can be re-traded for AION tokens at a fixed exchange rate. This functionality corresponds to the use of private blocking cases, where private token represents a closed internal asset system.

> Aion Pegging Network

Blockchains of participation may use AION tokens to conform to Aion-1. Pegging will enable participating blockchains to effectively exploit the security and decentralization of Aion-1, increasing conservation and resistance to attacks while still operating their own blockchain. This may be invaluable for personal barriers that may operate as less decentralized networks.

TOKEN SALE

Public Sales

> Partnering with the Aion foundation in securing Aion's vision.

> Receive an additional token utility when the project is due.

TOKEN ALLOCATION

As part of Aion team's commitment to long-term project success, AION network token allocated to founding company (Nuco Global Inc.) and Aion Foundation will be distributed in a three-year release schedule.