Aeon (AEON) price, market capitalization and tokenomics

DeFi

Cryptonight algorithm
POW mining method
Circulating offer 15,831,459 AEON

The project was launched in the summer of 2014 as a result of the Monero hard fork.

Aeon is an open-source decentralized blockchain platform that is focused mainly on the Asian market.

The developers state that the project can offer its users various financial services, including the exchange of digital assets and loyalty bonuses.

The platform is very similar to the parent coin because it uses the POW consensus mechanism on the CryptoNight algorithm and ring signatures that make financial transactions untraceable. This concept ensures the anonymity and security of transactions. Besides, the developers also wanted to create a fast and user-friendly version of the project for smartphones.

Compared to Monero, the platform has several advantages, including: availability of a mobile app, improved CryptoNote-Lite PoW algorithm, and higher zoom level. With the help of the platform, users can conduct money transactions both anonymously and in a traceable way.

All transactions are securely protected using encryption as they are distributed over a peer-to-peer consensus network.

AEON is a digital coin that is designed to be used by businesses and individuals.

Mining via the CPU is provided, which is currently considered a fairly profitable process.

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