(AION)— 3rd Generation Blockchain Network- Beginners Guide | Cyber Lion Weekly
What is Aion?
Aion is a multi-tier 3rd generation blockchain network created to solve the issues of interoperability and scalability that currently exists between different blockchain networks. The Aion network will be able to support custom blockchain architectures and still allow cross-chain interoperability.
First generation blockchains such as Bitcoin led the way in providing a solution to conventional transaction limitations. Second generation blockchains such as Ethereum introduced smart contracts that give the ability to build application-specific logic on a blockchain network. This enabled new capabilities beyond transactions. However, these separate networks are becoming disparate due to lack of communication ability.
Third generation blockchain will provide users with security and fairness. Enabling users to exchange data between any Aion-compliant blockchains. The Aion network also allows for the creation of customized public or private blockchains that lets publishers have full control over consensus mechanics, token issuance, etc. Future blockchains will federate data and value in a hub and spoke model similar to the internet. The future of mainstream blockchain adoption will be achieved by the development of a networked, federated blockchain to integrate these separate spokes.
Hub and Spoke: Federate, Scale, Spoke
Aion is a third-generation blockchain network that will enable any private or public sector organization to:
• Federate: Send data and value between any Aion-compliant blockchain and Ethereum.
• Scale: Provide fast transaction processing and increased data capacity to all Aion blockchains.
• Spoke: Allow the creation of customized public or private blockchains that maintain interoperability with other blockchains, but allow publishers to choose governance, consensus mechanisms, issuance, and participation.
At the root of the Aion network is a purpose-built, public, third-generation blockchain called Aion-1. Designed to connect other blockchains and manage its own robust applications, Aion-1 also provides the economic system that incentivizes interoperability in the ecosystem. AION tokens are the fuel used to create new blockchains, monetize inter-chain bridges, and secure the overall network.
Aion Multi-Tier Blockchain Network
The Aion network fulfills a function in much the same way a computer network does. By providing a protocol and standard for dissimilar systems to communicate through a single blockchain. The Aion network will pass information, logic, and value among participating blockchain networks to create a contiguous value chain. Every transaction will occur on-chain with logic and value passing among chains as liquid assets. Infrastructures, protocols, and concepts will work in harmony to guarantee the transmission of data from its origin to its destination through inter-chain communication.
Aion Bridge Technology
Bridges are a communication protocol that facilitates communication between participating networks and the connecting network itself. Bridges are composed of their own distinct network of validators that assure translation of protocol and accountability between networks. Bridge protocols are direction in that the source blockchain is where transactions are emitted from, and the target blockchain is the chain to which the transactions are forwarded to.
A bridge protocol has two functions: Signing and broadcasting an interchain transaction only if they have been sealed within the source blockchain and an interchain forwarding fee has been paid. Also, informing the connecting network of the merkle hash updating of the network participating in the transaction. Transactions are approved only after receiving two-thirds of the total network votes.
What is Proof-Of-Intelligence?
Proof-Of-Intelligence or, PoI protocol is an economic measure that deters DoS (denial-of-service) attacks by requiring participants, solver in Aion-1, to perform artificial intelligence (AI) computation. The intent is to motivate the creation of AI-specific or specialized hardware that could be used for machine learning, and neural network training in the future. Proof-Of-Intelligence works by requiring participants to train a predefined neural network so that it will output results similar to the proposed ground truth (e.g, the has of the current block given the hashes of previous N blocks as input). The parameters of the trained neural network will serve as proof that computation took place. This is easy to verify by inputting the parameter to confirm the results.
How does the Aion Virtual Machine (AVM) function?
The Aion Virtual Machine or (AVM) is software architecture designed to be a blockchain-specific solution with an emphasis on performance, determinism, and robustness. AVM is a customized lightweight JVM implementation that is tailored towards executing chain logic within distributed networks. The AVM provides the infrastructure that allows the abstraction between the blockchain and application-specific logic. Helping to pave the way to powerful interchain applications. At the core of the AVM architecture is a lightweight, machine-friendly, blockchain-specific bytecode interpreter, after careful consideration of practical and technical objectives.
Close to native by using a set of machine-friendly instructions.
Of the Aion Virtual Machine or, AVM. This is achieved by using an isolated VM sandbox environment and carefully measuring the computation and resource usage. New VM features will go through a formalized feature request and specification procedure, meaning that new features are well-documented and tested before moving to the production environment.
For the AVM, guaranteed through a full-featured blockchain development kit as a replacement to any conventional SDK. The proposed blockchain runtime environment would be built from the ground up with determinism as the major goal. This is introduced in conjunction with the Aion VM, which only supports functionality built on top of the Aion blockchain runtime environment within the native and bytecode context.
Aion will aim to be backward, meaning that chain logic will always be valid and executable as the VM infrastructure evolves.
From existing bytecode analysis can also be adapted to AVM bytecode. Leveraging this interoperability allows tooling that would be suitable for mission-critical code such as chain logic. The AVM leverages of significant existing research and development efforts. Additionally, using machine-friendly bytecode makes chain logic execution very efficient.
Aion Team Members
- Matt Spoke
Matt Spoke spent 5+ years and lead a team at Deloitte in Toronto, Ontario as a Charter Accountant and then positioned himself into a Blockchain Specialist after gaining interest in the space, he bought some Bitcoin in 2012 and in 2014 wrote a paper and proposal that made it’s way up to the CEO of Deloitte on the premise of why bitcoin will make auditors irrelevant. It created an R&D team because of it and this was pre-Ethereum.
- Anthony Di Lorio
The Co-founder of Jaxx, CEO, and Founder at Decentral (an innovation hub in Toronto that focuses on disruptive and decentralized tech) Another interesting note is that he held an 8-month long position as Chief Digital Officer at the Toronto Stock Exchange.
- Salim Ismail
Former VP of Yahoo, Serial Entrepreneur, and founding executive director of Singularity University.
- Jeff Pulver
An American Internet entrepreneur is known for his work as founder and chief executive of pulver.com and co-founder of Free World Dialup, Vonage, MoNage, and Zula (app). Pulver has been called a Voice over Internet Protocol pioneer and has written extensively on VoIP telephony, and the need to develop an alternative to government regulation of its applications layer.
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This Research Report was originally published at Cyber Lion Weekly