About Aeon (AEON)
Aeon (AEON) a digital currency with a small footprint and a practical focus on private transactions. Peer-to-peer, open-source digital currencies like Bitcoin are gradually becoming part of everyday life; yet few can run on everyone’s primary internet device: their phone. Additionally, the most popular digital currencies are failing to protect their users’ privacy, exposing their transactions and balances to the general public.
AEON unleashes this new decentralized era to billions of mobile devices. It is enabling an age where everyone has the freedom to send, receive, and store money on their go-to device without surrendering their fundamental rights to privacy.
Aeon (AEON) Storage Key Points
|Circulating Supply||15,831,459.31 AEON|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Chat||Click Here To Visit|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
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?
Mobile friendliness, the top priority of AEON, led to the following critical differences from Monero:
We believe ASIC resistance is ultimately futile while imposing various forms of undesirable cost. Our ASIC-friendly PoW (KangarooTwelve) allows for faster verification of the blockchain. This also helps stabilize the protocol as the need for PoW-change hard forks is eliminated.
No use of RingCT
Monero’s RingCT for encrypting transaction amounts comes with a theoretical risk of catastrophic collapse of the monetary system due to hidden inflation if the discrete log of the second generator is discovered. Favoring supply soundness over privacy, we choose not to use RingCT until cryptographers invent an efficient commitment scheme with unconditional soundness. We believe practical level of privacy can still be achieved without RingCT. Not using RingCT also contributes to faster syncing.
Increased block time
AEON’s block time is 4 minutes. This halves the number of blocks produced each day compared to Monero, further reducing the cost of running a node.
- Smaller ring sizeAEON’s ring size is fixed to 3 which is the bare minimum needed to prevent chain reactions (link). Monero’s higher ring size means more degree of obfuscation for each transaction, but it also comes at the cost of increased blockchain size and longer verification time. We choose to stick with ring size 3 until a convincing evidence against it is found.
These differences combined result in much lower cost of running a node, smaller blockchain size, and shorter sync time compared to Monero even if the difference in adoption level is factored out. 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.
Convert AEON to BTC
HitBTC is a platform for digital asset and currency exchange where you can quickly and securely trade Bitcoin, Ethereum, EOS, Tether and many other cryptocurrencies. Several trading options are present, including spot and OTC markets. The platform’s interface is very intuitive and easy to navigate. HitBTC is a global cryptocurrency trading platform established in 2013, offering fast and secure 24/7 exchange of AEON to BTC and many other digital assets.
AEON to BTC Real-Time Price Chart ExplainedHitBTC features a price chart that combines a representation of a digital asset’s Exponential Moving Average (EMA) with a candlestick visualization of its price history. The EMA consists of the two lines running across the chart that are formed using Aeon’s historical data when paired with Aeon and represent AEON’s performance for a given amount of time in terms of BTC. EMAs are among the most widely used methods (in the crypto sphere as well as the world of stocks) of measuring the way a cryptocurrency is trending.