Buy Open Application Network (AION)
What is Aion?
Aion is the digital asset of The Open Application Network (OAN). It is used to secure and access The OAN, enabling the creation and hosting of Open Apps. Aion is a cryptocurrency token serving as the native digital asset and economic strength of the network, aimed at facilitating interoperability between different blockchains.
How does Aion work?
Aion operates as a multi-tier blockchain network designed to enable interoperability between different blockchains. It comprises three main layers: the communication layer, the consensus layer, and the application layer. Through a combination of consensus mechanisms (including Proof of Work), Aion's unique bridging protocol allows communication between disparate blockchains. The Aion Virtual Machine is similar to the Ethereum Virtual Machine but is faster and integrates components of the Java Virtual Machine, enabling efficient cross-chain smart contracts.
What are the potential use cases for Aion?
Aion's primary use cases include facilitating cross-chain interoperability, enabling decentralised applications (dApps) to operate across multiple blockchains, and providing enterprise solutions for connecting legacy systems with blockchain networks. Real-world applications may include banking applications for cross-chain crypto transfers, decentralised finance (DeFi) leveraging interoperability, and supply chain systems integrating multiple blockchains. Aion is also involved in partnerships and projects that include enterprise solutions and the development of custom dApps within the ecosystem.
What is the history of Aion?
Aion was founded by Nuco in 2016, spearheaded by CEO Matthew Spoke and other team members with robust backgrounds in blockchain and corporate engineering. Significant milestones include its ICO in June 2017 raising $20 million and the mainnet release in April 2018. The token originally started as an ERC-20 token on Ethereum and later transitioned to Aion's own platform, reflecting its technological evolution aimed at managing interchain interactions and robust applications. The project has seen phases of development including the release of their Network Economics Paper and scaling initiatives.
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Frequently Asked Questions (FAQs)
What is the current price of Open Application Network (AION)?
The Open Application Network price is $0 AUD, representing a 0% from the day prior.
Where is the best place to buy Open Application Network (AION) in Australia?
The best place to buy Open Application Network (AION) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Open Application Network (AION) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Open Application Network (AION)?
The trading volume of Open Application Network (AION) is $0 AUD in the last 24hrs, representing a 0% from the day prior.
How can I buy Open Application Network (AION)?
Open Application Network (AION) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Open Application Network (AION)?
The current market cap of Open Application Network (AION) is $0 AUD.
Can I convert Open Application Network (AION) to cash?
Yes - With Coinstash you can convert your Open Application Network (AION) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Open Application Network (AION) are there?
The current circulating supply of Open Application Network (AION) is 0.
Is Coinstash a safe place to buy Open Application Network (AION) in Australia?
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