Main Market AION

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AION is the native digital asset of The Open Application Network (or The OAN), an open-source network facilitating the creation and hosting of Open Applications. Open Applications are designed to put users back in control and are universally accessible across platforms.

One example of an Open Application built on the network is BFIT; an Open App that promotes healthy lifestyles and rewards users for being active, by connecting Google Fit users with restaurants and third party diet apps. Additionally, the Open Application Network’s solution allows private and public blockchains to interoperate and communicate with any network. Given their work in interoperability and cross-chain communications, The Open Application Network is a key member of the Blockchain Interoperability Alliance, along with Wanchain and ICON.

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What makes AION unique

First cryptocurrency

Open Applications

Global value network

Communicate with any network

Small supply

Peer-to-peer transactions

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Description

AION is the native digital asset of The Open Application Network (or The OAN), an open-source network facilitating the creation and hosting of Open Applications. Open Applications are designed to put users back in control and are universally accessible across platforms. One example of an Open Application built on the network is BFIT; an Open App that promotes healthy lifestyles and rewards users for being active, by connecting Google Fit users with restaurants and third party diet apps.

Additionally, the Open Application Network’s solution allows private and public blockchains to interoperate and communicate with any network. Given their work in interoperability and cross-chain communications, The Open Application Network is a key member of the Blockchain Interoperability Alliance, along with Wanchain and ICON.

History:

The Open Application Network was launched in July 2017. OAN was built by Nuco Incorporated, an enterprise software company that was founded by ex-Deloitte employees in 2016 and specializes in blockchain infrastructure solutions. In March 2018 the project open-sourced its code. In the month following, the OAN mainnet was launched.

In November 2019, the project switched to using Unity as its consensus algorithm. Unity is a hybrid of proof-of-work and proof-of-stake, which enabled the introduction of staking to the Open Application Network. The Unity consensus algorithm also increased the protocol’s block reward so that both stakers and miners could be rewarded for their respective participation in the network.

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