Whitepaper
Introduction
" Aion is the first multi-tier blockchain network designed to address scalability, privacy, and interoperability challenges
" First dedicated, public, enterprise blockchain
History
" First-Generation Blockchain
o Platform that leverages the advantages of being digital, while preserving the economics of scarcity
" Second-Generation Blockchain
o Build application-specific logic upon a blockchain network
o Networks are isolated and able only to transfer data off chain or transfer value through centralized exchanges
o As networks grow, the more disconnected and sparse the industry becomes
" Aion: the third-generation blockchain
o Connect other blockchains and manage its own robust applications
Aion Multi-Tier blockchain network
" Connecting networks
o Facilitate interchain communication and interchain transactions between multiple private or public blockchain networks
o Route messages between different blockchain networks through a common bridging protocol
o Provide decentralized accountability
o Provide a bridging protocol
o Introducing a third party routes messages from point A to B, the networks themselves do not have to manage difficult or unclear situations
" Interchain transaction
o Format
" Payload data: specific to the creator
" Metadata: contains routing information and fees
" Merkle proof: used when the sender wants to bypass the bridge
o Routing
" In each phase, the validators verify the transaction and reach consensus on whether the transaction should be forwarded or rejected
" Forward path and backward path
o State
" When an interchain transaction is observed in the participating network by the bridge validators for the first time, the state changes to received
" If less than two thirds of the bridge validators vote yes for the interchain transaction, the state changes to rejected
" Bridges
o Registration
" For each bridge, a dedicated table of validators will be maintained on the blockchain, sorted by stake
" Only the top validators will be allowed to participate in bridge consensus
o Competition
" Drive an open market by incentivizing different bridging networks to compete in terms of stability, reputation, and pricing
o Bridge consensus
" Follow lightweight BFT-based protocol processed by one round
o Fee distribution
" Bridge validators are rewarded from interchain tansaction fees and potentially a portion of block rewarded
Aion-1 blockchain
" High-level overview
o Standardized template that provides building blocks for future network implemenations
Executive Summary
Executive Summary
" Future of mainstream blockchain adoption will be achieved by the development of networked, federated blockchain to integrate these separate spokes
o Federate: Send data and value between any Aion-compliant blockchain and ETH
o Scale: Provide fast transaction processing and increased data capacity to all Aion blockchains
o Spoke: Allow the creation of customized public or private blockchains that maintain interoperability with other blockchains
Opportunity
" Widespread adoption of blockchain technology is constrained by unsolved questions of scalability, privacy, and interoperability
Challenges and Solution
" Interoperability
o World's first public enterprise blockchain: Aion-1
" Allow the creation of unlimited spokes
" Provide federated inter-chain communication of data and value
" Connect with the main Ethereum blockchain
" Scalability and Performance
o Intoduce a new high-performance virtual machine
" Customization
o Allowing custom blockchain design
o Pioneering a new representative consensus that uses a proof-of-intelligence staking mechanism
Token Use
Introduction
" The Aion network will be the common decentralized system in which blockchains of any protocol, whether private or public, will be connected
Aion-1 Operations
" Network consensus and validation
o Candidates register themselves and are elected based on the votes they receive from their constituents
" Network Validators
o Backing
" Staking Aion tokens or resources towards a particular validator
" Backing by staking
" Backing by solving
o Staking
" Backer receives a portion of the validators reward
" Transaction fee
o Payable in Aion tokens
Blockchain software applications
" Decentralized applications can be built that integrate data and logic from any blockchain connected to Aion
" Aion tokens are the fuel used to power these applications
" Utilize resources from the Aion Virtual Machine
Interchain bridges
" Signing and broadcasting an interchain transaction
" Updating the cothe bridge registry
" Building a bridge requires Aion tokens
" Micro-economy of Connector Services
o Bridge creator sets fees and terms payable in Aion tokens
" Interchain transactions
o Allow any connected blockchain to exchange information
Participating Blockchains
" Aion tokens can be used in the creation and customization of new Aion-compliant blockchains
o Must be decentralized in some fashion
o Recognize interchain transactions
o Be aware of consensus protocol
o Implement locktime
Other token uses
" Aion network pegging
o Projects would be able to peg themselves to Aion-1
" Aion backed tokens
o Backing new tokens to decrease its volatility
Roadmap
" Phase 1
o Interchain communication and bridging infrastructure
" Modified, high-performance EVM
" Functioning bridging and interchain communication
" Modified proof-of-work consensus algorithm
" Phase 2
o Migration from our modified EVM architecture towards the proposed AVM architecture
" Aion Virtual Machine
" The Aion scripting language
" EVM legacy codebase continued support
Team
" Matthew Spoke
o CEO of Nuco
o Member of EEA
" Jin Tu
o Nuco CTO
o 15 years of experience
o Morgan Stanley
" Peter Vessenes
o Advisor
" New Alchemy
Partners & Backers
" Wanchain
" SONM
" MOOG
" Deloitte
" Transform Group
" ICON
" Jaxx
" Science Blockchain
" Torys
" Ripple Ventures
" Goldenwise
" Futurism
" Blockchange
" Blockchain opportunity fund
" Metaverse
" Bancor
" YouBi
" Cooley
" bitt
Articles
Nuco builds tokenized blockchain bridge for enterprise applications
https://www.coindesk.com/nuco-builds-tokenized-blockchain-bridge-enterprise-applications/
Aion and Bancor partner to offer inter-blockchain liquidity
https://www.cryptoninjas.net/2017/10/20/aion-bancor-partner-offer-inter-blockchain-liquidity/
Moog Inc. to integrate Aions blockchain technology
https://www.leaprate.com/cryptocurrency/blockchain/moog-inc-integrate-aions-blockchain-technology/
Beginners guide to Aion
https://blockonomi.com/aion-guide/
Videos
Introducing Aion
Aion Review
Conclusion
Aion is a company that is working on mainly fixing the issue of Interoperability with blockchains. Basically we understand that blockchain is a revolutionary technology and that in the future their will be thousands and millions of different applications for it. The problem with that is each company shouldn't have to operate each blockchain on its own, we want the blockchains to communicate and cooperate with each other. Aion builds bridges that connect blockchains together and use the Aion token for incentives, fees, and applications that are on the protocol. They have already partnered with major coins like wanchain and Icon and continuously add more. I think this is a great idea and they are currently leading in this space and we will see new projects getting added all the time. I think it would be wise to hold some of this coin and ride it to the top.