Aion is a third-generation blockchain network that will enable any private or public sector organization to:
- Federate: A third generation blockchain like Aion will send data and value between any Aion-compliant blockchain and Ethereum.
- Scale: These blockchains will provide fast transaction processing and increased data capacity to all Aion blockchains.
- Spoke: Allows the creation of customized public or private blockchains while maintaining interoperability with other blockchains, but still allowing publishers to choose governance, consensus mechanisms and participation.
AION tokens are the fuel used to create new blockchains, monetize interchain bridges, and secure the overall network. The AION token is initially being offered on the Ethereum blockchain as an ERC-20 token. As soon as the Aion network is operational, these ERC-20 tokens can be seamlessly converted to AION network tokens and will continue to be able to flow freely back and forth between these two blockchains.
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