Aeon Price (AEON)

Aeon(AEON) is a project that enables individuals to transact AEON cryptocurrency through mobile devices. AEON aims to help people send, receive, and store money on their mobile devices. The primary focus of AEON is on private transactions, and the team aims to protect the fundamental rights to the privacy of users.

According to the official website, several peer-to-peer, open-source cryptocurrencies do not run on mobile phones, which are everyone's primary internet device. This reduces the usability of such currencies. Moreover, the website claims that many cryptocurrencies often fail to protect the privacy rights of users, thereby exposing the transactions and balances of individuals to the general public. Thus, AEON aims to provide a fair and transparent approach. Each transaction carried out in AEON is secured with cryptography and distributed through a global peer-to-peer consensus network.

AEON is based on Proof-of-Work (PoW) technology that enables fast blockchain verification. According to the whitepaper, the AEON token is fair and can be mined by everyone. AEON provides privacy to the users as the transactions are carried out through a cryptographic system without identifying or showing the information of the users on the blockchain.

Another prominent feature that AEON seeks to provide is a ring signature that makes it difficult for blockchain to identify if the funds have been spent, which makes the transactions untraceable. A ring signature is a digital signature consisting of their keys, making it difficult to identify the creators of these signatures.

On June 6, 2014, Aeon was released as a branch of Monero by an anonymous group or person. AEON is the name of the ecosystem as well as the cryptocurrency. As mentioned in the whitepaper, AEON was launched without a premine. The maximum supply of AEON is capped at 18.4 million.

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