AIOZ is an Ethereum token that powers Aioz Network, a Layer 1 blockchain enabling Ethereum and Cosmos interoperability. Aioz Network aims to enable instant finality and low transaction fees for applications such as file storage, live streaming, content delivery, and more. AIOZ can be earned by staking directly on the network and can be used to pay for apps and items on Aioz Network.
What Is the AIOZ Network (AIOZ)?
AIOZ network is a platform that aims to create a distributed content delivery network (dCDN) and represents a shift in how people around the world stream video. A content delivery network (CDN) is a set of geographically dispersed and interlinked servers that offers cached internet content from the network of locations closer to the users to accelerate its delivery. The distributed system of the platform influences shared power and seeks to offer rewards to all those who participate.
The outdated content delivery networks (CDNs) need extra time, cost, and expertise to handle the infrastructure to offer the effortless streaming experience expected by the viewers on every single device from any region. Moreover, conventional CDNs confine media within private servers. The website states that, to overcome these issues, The AIOZ Network dCDN connects a worldwide web of nodes to support a new decentralized media economy with optimal delivery speed, high-quality streaming, and limitless shared bandwidth. The network aims to build an interlinked network of nodes globally so that whenever a viewer wants to watch any video, a node is available to deliver it. By doing this, the AIOZ network seeks to eliminate intermediaries, reallocate authority, and reward the creators creating content.
Additionally, AIOZ network aims to provide the cost-effective, swift, and scalable blockchain of the modern age. The platform lays the foundation for DApps to acquire a wide range of users all over the varied ecosystems. Also, the AIOZ network seeks to provide unprecedented interoperability, rapid output, low transaction fees, and instant finality. The AIOZ network dCDN intends to deliver content quickly while eliminating the obstructions between creators and supporters. The platform encourages the infrastructure that empowers the future of media software.
The native token of the AIOZ network is AIOZ. The AIOZ token is a payment gateway of the platform. Users can utilize the tokens to pay for services, apps, and various other things on the AIOZ network platform. It can also be used for securing the platform by staking. The more a user stakes, the more secure the platform seeks to become. AIOZ tokens also act as network fees for transactions and smart contracts on the platform.
History of AIOZ Network (AIOZ)
AIOZ network is supported by the community of global nodes which users regulate.
Erman Tjiputra is the founder and the CEO of the AIOZ network with more than nineteen years of experience. He is also the founder of Eastraits, based in Singapore.
The maximum total supply of AIOZ tokens is one billion.
