AEON is a decentralized cryptocurrency designed so that people around the world can send and receive money in an entirely anonymous way through any device they have, such as the smartphone, a limited storage device or a device with low processing capacity.
AEON's cryptographic system, distributed through a global point-to-point network and validated with ring signatures, allows the currency to be private, secure and untraceable, so that only the owner of the funds can control funds and obtain information about your transactions.
At an initial price of INR 69.83 on 1 September 2017 AEON was fluctuating and finally traded at INR 187.59 on 30 September 2017.
AEON started off at INR 161.30 on 1 October 2017 and was reflecting at INR 90 on 30 October 2017.
AEON was INR 84.49 on 1 November 2017 and its price over the following weeks was trading at INR 241.37 on 30 November 2017.
AEON started off at INR 260.24 on 1 December 2017 and quickly was seen trading at INR 397.64 on 31 December 2017.
AEON started off at INR 352.73 on 1 January 2018 and sprung up to INR 397.64 on 31 January 2018.
AEON started off at INR 253.51 on 1 February 2018 and dipped down to INR 223.93 on 28 February 2018.
AEON was launched on June 6, 2014 as a bifurcation of the Monero project, by an anonymous Bitcoin developer known as Aeon.
Like the project from which it derives, AEON has a maximum limit of 18.4 million coins and an emission curve also on the same line, although with a compensation of approximately 6 weeks.
In October 2014 the project was abandoned by the original developers, but in April 2015 the community approved that all assets be delivered to a new developer who works simultaneously with Monero. This is how Smooth (the main developer of the Monero project) became the main developer of AEON.
The new team marked a new roadmap and continued with the development of the currency that is currently listed on the cryptocurrency market.
How is it different from other cryptocurrencies?
AEON aims to differentiate itself from the competition by becoming a currency for everyday use through the devices we always have on hand, such as smartphones, so that all people can send and receive money anonymously. For this it has the following characteristics:
Security: Thanks to the use of a point-to-point network, all transactions are encrypted globally. Individual wallets have a 24-word mnemonic that is only displayed once and Wallet files are encrypted with a password that ensures they cannot be used if they are stolen.
Privacy: It makes use of a cryptographic system capable of sending and receiving funds without the transactions being easily revealed in the blockchain, that is, the book where the transactions of all are recorded.
Speed: The CryptoNight-Lite algorithm it is possible to modify the rewards per block and limit the supply, which makes it a faster cryptocurrency.
Impossible to track: Ring signatures, a property that certain types of cryptography have, makes it possible to ensure that transactions cannot be traced and are also difficult to link to the user or computer that made them.
It allows pruning: As its name indicates, pruning in Spanish, allows to reduce the chains of transactions when they are already too long and difficult to manage, without losing critical information. This causes the whole system to accelerate.