AEON isn’t just a currency.
It’s a lifestyle.
Decentralized digital currency is slowly becoming a normal part of everyday life. Yet everybody’s main internet device continues to be their cellphone, a device with a low-powered CPU and limited available storage.
AEON is about enabling this era, enabling an age where all people everywhere have the freedom to privately send and receive money with whatever gadget they already own.
- PoW algorithm: CryptoNight-Lite
- Max supply: ~18.4 million
- Block reward: smoothly varying
- Block time: 240 seconds
- Difficulty: retargets at every block
A lightweight CryptoNote digital currency
Each transaction is secured with robust cryptography and distributed through a global peer-to-peer consensus network.
By default, AEON utilizes a cryptographic system to transfer funds without the identifying information of each user becoming visible on the blockchain.
AEON uses ring signatures to make transactions untraceable, meaning it is very difficult for blockchain analysis to determine if funds have been spent.
How is AEON different from Monero?
Compared to our CryptoNote big brother, here are AEON’s main advantages:
1 MB scratchpad allows AEON to run efficiently on mobile devices alongside regular laptops and desktops.
- Different proof-of-work
AEON’s lightweight PoW (CryptoNote-Lite) allows for faster verification of the blockchain.
- Blockchain pruning for scalability
Pruning allows the blockchain to stay small and not outgrow devices with limited storage. This feature also improves anonymity by reducing age-based attacks.
- Fast syncing
Compared to Bitcoin variants, CryptoNote coins typically have higher verification, leading to more orphaned blocks. AEON helps this issue by using a 4-minute blocktime, reducing sync by a factor of four. Coupled with our lighter PoW, sync times on lower end devices can be improved by 10x or more.
- Optional lightweight transfers
As a CryptoNote coin, payments are still anonymous by default. But unlike Monero, AEON also allows for traceable transfers. These are a faster lower-fee option for non-sensitive payments, like transferring to/from exchanges.
Overall, AEON seeks to be a lightweight-Monero, similar to how Litecoin seeks to be a lightweight-Bitcoin. While still drawing from the technical advantages of Monero and CryptoNote, AEON has distinct development goals and an independent community that enable it to thrive as its own currency.
Visit Official website: AEON
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