Aion - Smith + Crown


Aion is a multi-tier blockchain interoperability framework, designed to facilitate communication between a variety of blockchains in a Web3 architecture. The first instance will be Aion-1, a dedicated blockchain for public enterprise use cases. The Aion Virtual Machine (AVM) will integrate a native scripting language with which to build applications. Aion-1 will use a consensus algorithm based on Byzantine Fault Tolerance (BFT) and the architecture of BitShares and Lisk. AION tokens are used as a staking mechanism for network validators, gas to run Aion-based applications, and to create and operate new Aion-compliant blockchains.