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Trade AION on Beaxy

The AION Network is a multi-tier blockchain network that was established in 2017 to support the future of many blockchains in solving different industry problems and to power the services of the modern world. Aion aims to become the standard protocol used by other blockchains through a federated blockchain network where various blockchain systems communicate through a medium with Aion at the center.
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AION profile

Features of AION Network

Federated Blockchains
AION enables the communication between various blockchain networks using a high-performance bridging mechanism. Users can transfer both the value and data between blockchains by using AION. AION envisions itself to be “a networked, federated blockchain to integrate these separate spokes.” With AION, users can utilize its capacity for fast transaction processing and data transfers to all blockchains.
Enhanced Scalability
Scalability is one of the biggest issues with the first and second-generation blockchains. AION resolves this scalability issue by using a virtual machine. The AION Virtual Machine (AVM) enables applications to function across multiple different blockchains with improved performance and scalability. It is based on a lightweight Java Virtual Machine (JVM) implementation that has been explicitly crafted for AION to execute chain logic in its distribution network.
Decentralized Network
AION exchanges work under a decentralized network which means it is safe from network hacking. It only takes a short time for AION’s system upgrade because of its decentralized network. A decentralized future where multiple entities are running on blockchains and having an interoperable ecosystem is possible with the AION network.
Customized Blockchain
A user can design a customized blockchain using the AION ecosystem while maintaining its interoperability with other blockchain networks. A user’s blockchain can include alpha capabilities, different consensus algorithms, and virtual machines. It comes with a complete ecosystem of tools and services that enable the next generation of blockchain functionalities.
Frequently Asked Questions
Frequently Asked Questions
Frequently Asked Questions mobile

AION Technology

Like a computer network, AION provides a protocol and standard for different systems to establish communication between blockchains. In addition to that, AION also brings the logic and value between participating blockchains to create a value chain where every transaction occurs. In order for this multi-tier blockchain to work, a series of major factors are required. Connecting Networks For blockchains to be able to communicate within the AION network, connecting networks are in charge of facilitating inter-chain communication and inter-chain transactions. Universal to all users and blockchains, connecting networks route inter-chain messages through bridges and it provides decentralized accountability for security purposes. This movement is called the Bridging Protocol (BP).
Bridges are used instead of inter-blockchain relays or BTC Relays since the latter often leads to complicated state channels that can result in problematic situations where a selected group of individuals run the networks. Connecting networks use bridges and a trust-free blockchain network to validate and ensure correctness among the flow of transactions. Inter-chain transactions Inter-chain transactions are different from how inter-chain communication works between the AION blockchain. These are trust-free messages sent between blockchain networks. Initially created on a source blockchain, these messages are processed and posted by bridges and connecting networks before arriving at the target blockchain. The creator of the transaction pays a fee for communication costs with AION tokens. Once the transaction arrives on its destination, a backward path to the origin is set to send a confirmation with the updated status. It ensures that the global state is updated on the original blockchain. Bridges For the communication between the participating network and the connecting network to exist, bridges are established to provide the right communication protocol. Each bridge has a set of validators in charge of translating the protocols and setting accountability between networks. A lightweight BFT-based algorithm is implemented to reach consensus and perform validation. Transactions get approved after the two-thirds of the total weighted votes confirm. Participating networks AION’s whole federation model is based on the notion that in order for blockchains to be compatible, they must successfully implement the integration requirements with the connecting network. These can be purpose-specific blockchains, private networks, consortium blockchains, oracles, cryptlets, or even database clusters that require verifiable information. Once integrated, every participating network receives access to the communication protocol.

How to Mine AION?

Anyone can mine AION by using an Equihash Mining Algorithm (EMA). Miners are free to use the AION Pool Tech to get AION crypto coins. Two mining options are available which are CPU AION and GPU AION coin mining. It is recommended to use Nvidia graphic cards while mining for faster operations. CPU AION coin mining There are only two options for mining equihash using a CPU. One is Minergate but it is not advisable because it takes a large percentage to the miner’s profits. The only real miner is Nicehash’s nheqminer. It is the leading cryptocurrency platform for mining due to its easy to use the system. It also has downloadable precompiled binaries for Windows or Linux. However, CPU mining since it is not profitable compared to GPU mining. GPU AION coin mining In GPU mining, there are many programs for Nvidia graphic card users. The best one to use is the EWBF’s Cuda Equihash miner although it has a 2% dev fees. This system is compatible with Windows and Linux. It is very simple to use and it has instructions on how to mine AION coins. Just create a new batch file inside the folder where the miner is located and paste in the batch file.

The Risk of AION Trading

According to CoinMarketCap, AION tokens are currently traded on more than two dozen exchanges including large ones such as Binance and Bitfinex. However, AION trading is speculative, complex, and it involves significant risks. AION trading has high volatility and sensitivity to secondary activity. It is unpredictable and there is no guarantee of future performance. The AION network tries to be accountable and transparent on how they are spending money and that is good.
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AION on Beaxy

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