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What is it/Goal:

3rd generation blockchain. Aim to interchain communication, as well as value

Has virtual machine = dAPPs and smart contracts

First chain will be with Ethereum

Token:

Used to develop dAPPs, building bridges btwn chains to communicate, also used to build new chains

Work as Federation = multiple communicating chains

Later down the road, may “peg” AION token to a value, pegging it to security and pegging to AION for decentralization (ie. if you have weak chain in any of those respects, can peg to AION)

Specs:

Proof of Stake (60%) and Proof of Intelligence (40%): proof of intel will be AI based proof of work

Team:

Matthew Spoke (is the lead) – sits on board of Ethereum Enterprise Alliance

Large team with lots of engineers and developers (bonus)

AION will be “headliner” at May 2018, Ethereum developer conference (well connected)

Partners:

Blockchain Interoperability Alliance with Icon and Wan chain

Enigma, Singularity Net, SONM, Metaverse, JAXX…

Roadmap:

Downside is no virtual machine until the end of the year.

Also, still working on multiple papers (bridging paper, AION virtual machine technical paper etc)

Working product:

Test net is up

Exciting project but still very young.

Competition:

ARK already in the space, are up and running but also still young

Then again, plenty of room for both in this space