(AION) Third Generation Blockchain & Proof Of Intelligence
In 1994, when the web came, the site was new and in 1998 we kept a list of Fortune 500 companies with or without a website. It took about three years for most companies to join. So many of these early sites were only criticized for brochures or fact sheets and we saw Amazon as one of the few companies that actually do business on the Internet.
Let’s move on to 2015. The blockchain is a new site. Yes, the blockchains are nerds (and the challenge is getting that nerd), but soon every company will have a blockchain, or it will be in blockchain, or some, as organizations that are involved in many websites nowadays.
Why sites like blockchain and what are the new things that blockchain brings to companies, individuals, communities, and governance?
If the site is the starting point, we must remember the fundamental mini-revolution that the Internet has brought since 1994: personal communication, electronic publications, e-commerce, and social internet. Now that I think about it, each of the four phases is determined by the functions that interfere: couriers, print media, physical supply chains/stores, and the real world.
From 2015 we will enter the Promise Blockchain phase, which will be limited by the main theme of Decentralization of Trust, thus freeing the emergence of value flows without intermediaries.
Now we are here in 2018, in which more project has been developed every day toward the improvement of blockchain technology, yet blockchain technology still not being able to be functional toward any reality that is needed toward the prosperity of our society.
Aion Introduction
A while back Aion Third Generation Blockchain Has been a small whisper throughout blockchain enthusiast, creating a different visualization and understanding toward blockchain is not an easy task. Starting from a few years back they have been emerging to be one of the best team in the world, with only some reading the white paper and few can only fully understand, those who understand will be seen the project will be impossible to achieve at this very moment.
Aion Third Generation Blockchain has been considered the next generation blockchain, there are many so-called next-generation blockchains especially so-called 4th generation blockchain in which EOS 3rd generation blockchain is not yet stabilized as a blockchain product. Creating an ultrafast, feeless self-regulated decentralized network won’t be an easy task toward, yet AION team manage to create a stabilized Main-net with better 3rd generation blockchain than its competitor.
Existing Problem In Blockchain
The fundamental AION blockchain is to be able to solve all the current existing problem:
- Scalability
- Transaction Speed
- Security
This core element what makes Aion very important blockchain able to solve the problem that is needed at the current stage, only with the right component will Aion become the 3rd generation blockchain. This is very important toward blockchain technology. Improving blockchain technology and dedicated itself to become decentralize will make one of the valuable blockchains in the world.
Due to many problems around dApps, it gives a limitation toward consumers use-case availability within the vicinity of centralized infrastructure seems to be the number 1 choice until this very time. Aion is intended to solve all the problem that is already introduced or going to be introduced in the future.
What is Proof of Intelligence
Aion is based on Equihash Algorithm which used Proof of work protocol the algorithm is used to confirm the transaction and produce a new block to the chain. In a network, users send their respective digital tokens. A decentralized ledger collects all transactions into blocks. However, to support the Aion PoW algorithm, the definition of the Stratum protocol has been modified to suit Aion. The main working principle is complicated mathematical puzzles and the possibility to easily prove the solution toward Aion Blockchain dApps.
Based on every project there many unique introductions to becoming the new generation blockchain platform. Aion is about to introduce something very useful that might have a chance to be one of the main dApps in the world of the blockchain, Aion called it Proof of Intelligence.
Proof of Intelligence is very similar to Proof of Work, basically, Proof of Intelligence is the next generation of Proof of Work. However, in Proof of Intelligence, those computing power put into solving the puzzle is leveraged for actual utility. In the long run, the goal of Proof of Intelligence is to make deep neural net capabilities possible and power the operation of AI applications on top of the Aion-1 blockchain.
Aion- 1
The core of Aion technology is being called Aion-1. Aion-1 is designed to allow another blockchain such as Ethereum to transfer digital information through their original contracts to entities outside the central chain, as well as to external networks. Acting as an intermediary that allows transactions that are much faster and more stable than today’s solutions. This blockchain system connects different blockchain besides managing its own functions which constitute toward Consensus and Aion Virtual Machine (AVM). AVM is a basic interpreter that works with Java Virtual Machine to run the applications on the Aion-1 blockchain with strength and concurrency while Consensus gives a better implementation to connect between two or more blockchains. AVM will provide concurrency and robustness within a blockchain-specific context.
Due to Aion- 1, blockchain network provides a secure platform for communication between two or more blockchains. Its network’s robustness and sustainability make it unique which bring upscaling capabilities meet the needs of millions of users and remedy problems like interoperability and scalability.
Moving forward to the roadmap, there are many specific actions has been taken to ensure everything that is stated in the roadmap have completed, we all know phase 1 which is called Kilimanjaro has been completed. Now Aion is working toward phase 2 which is called Denali.
Phase Denali introducing a very important feature such as AVM (Aion Virtual Machine), ASL (Aion Scripting Language), and POI (Proof of Intelligence). This introduction will bring the value of Aion to become a major contender which becoming a great foundation to the project. Kilimanjaro has been completed and implemented, token swap is already on the way with the main net already release. This is one of the projects that creates an importance dApps which bring value to the future of blockchain.
Aion is introducing as the first Multi-tier blockchain network enabling communication between dissimilar systems in which will guarantee an interchain communication. This system will be broken down into various components such as Connecting Network, Interchain Transaction, Bridges and Participating Networks. The various component will act as a bridge protocol which provides a secure and convenient sharing of information and responsible for approving messages that come to every transaction.
Conclusion
As for now, Cryptocorez is looking toward the development of phase Denali, which is the most crucial phase in Aion blockchain. Introducing Proof of Intelligent which can be called Proof of Work 2.0, will create a limitless possibility to the future of Aion.
Thank you for reading Crypocorez updated, since Aion has been a solid project throughout the years, we would like to see the future of Aion blockchain. For more information please click the link below:
Learn about Aion: https://learn.aion.network
Website: https://aion.network/
Telegram: https://t.me/aion_blockchain
Medium: https://blog.aion.network/
Twitter: https://twitter.com/Aion_Network
Written By: Nugraha Ciputra