AeonCoin is a peer-to-peer, decentralized privacy coin that enables users to send money with their mobile devices without revealing their identities. Aeon network ensures complete privacy using secure cryptography and ring signatures to ensure that transactions on the blockchain can never be retraced back to the individuals who carried out the transactions. This feature means that people can use any device to send money anonymously. The network utilizes blockchain pruning to cut down chains toShow more [+] match the size of users' devices thus enabling scalability. Internet devices of choice for many people is largely becoming mobile phones. It is for this reason that AEON network has been designed to use CPU and GPU.
AEON is the gas or currency used on the Aeon network. It is an ERC20 coin that utilizes the CryptoNight-Lite algorithm for faster verification and thus quick transaction processing time. The coin's block time is 240 seconds. It uses Proof-of-Work, is mineable but is never premined. Its difficulty level targets every block. The coin's ICO (Initial Coin Offering) was between November 10 2017 and December 10 of the same year