Aion’s New Blockchain Network Aims to Serve Bitcoin, Ethereum, EOS, Cardano, NEO

The Aion Network just launched its public blockchain network. Wednesday’s launch marks the main framework of the Aion-Kilimanjaro ecosystem that allows separate blockchains to work together to share information and process data.

If blockchain is the new internet, Aion is designed to be the new TCP/IP protocol of the new decentralized internet – built on blockchain technology. The public network, acting as a relayer between blockchains, allows developers to build bridges to other blockchain networks.

The hope is that blockchain connectivity on a mass scale will foster full-scale enterprise solutions and applications. Right now, cryptocurrencies represent 1,000+ unconnected blockchain projects that share digital ledger technology but have no interoperability. Aion’s network aims to build the bridges.

As a third-generation blockchain, Aion goes beyond first-generation blockchains that are designed for peer-to-peer transactions, like Bitcoin, and second-generation blockchains that process more complex functions, like Ethereum smart contracts. It brings all of the blockchains together and creates a fabric, similar to the web.

In this new design, instead of people connecting through social media channels or Google searches or forums, blockchains using their own distinct protocols – Cardano, Ethereum, Bitcoin, NEO, Tron, EOS, NEM – will connect, communicate, share, reach consensus and perform complex operations together.

As all of these blockchains speak different languages, Aion will act as the interpreter.

The Aion-Kilimanjaro launch doesn’t yet mean the transfer of any Aion tokens from the Ethereum network to the new blockchain. Aion will post additional details on that phase in a few months.

Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.