Why AEON

Peer-to-peer, open-source digital currencies are gradually becoming part of everyday life. Yet the most popular digital currencies are failing to protect their users' privacy, exposing their transactions and balances to the general public.

AEON unleashes this new decentralized era to all mobile devices. It is enabling an age where everyone has the freedom to send, receive, and store money on their go-to device without surrendering a practical degree of privacy.

Seguro

Cada transacción se asegura con criptografía robusta y se distribuye a través de una red de consenso global de persona a persona.

Privado

De forma predeterminada, AEON utiliza un sistema criptográfico para transferir fondos sin que la información de identificación de cada usuario se haga visible en la cadena de bloques.

Imposible de Rastrear

AEON usa firmas de anillo para hacer que las transacciones sean imposibles de rastrear, lo que significa que es muy difícil para el análisis de blockchain determinar si se han gastado los fondos.

¿En qué se diferencia AEON de Monero?


Mobile friendliness, the top priority of AEON, led to the following critical differences from Monero:



  • 1

    ASIC-friendly proof-of-work

    We believe ASIC resistance is ultimately futile while imposing various forms of undesirable cost. Our ASIC-friendly PoW (KangarooTwelve) allows for faster verification of the blockchain. This also helps stabilize the protocol as the need for PoW-change hard forks is eliminated.

  • 2

    No use of RingCT

    Monero's RingCT for encrypting transaction amounts comes with a theoretical risk of catastrophic collapse of the monetary system due to hidden inflation if the discrete log of the second generator is discovered. Favoring supply soundness over privacy, we choose not to use RingCT until cryptographers invent an efficient commitment scheme with unconditional soundness. We believe practical level of privacy can still be achieved without RingCT. Not using RingCT also contributes to faster syncing.

  • 3

    Increased block time

    AEON's block time is 4 minutes. This halves the number of blocks produced each day compared to Monero, further reducing the cost of running a node.

  • 4

    Smaller ring size

    AEON's ring size is fixed to 3 which is the bare minimum needed to prevent chain reactions (link). Monero's higher ring size means more degree of obfuscation for each transaction, but it also comes at the cost of increased blockchain size and longer verification time. We choose to stick with ring size 3 until a convincing evidence against it is found.

These differences combined result in much lower cost of running a node, smaller blockchain size, and shorter sync time compared to Monero even if the difference in adoption level is factored out. While still drawing from the technical advantages of Monero and CryptoNote, AEON has distinct development goals and an independent community that enable it to thrive as its own currency.