AEON AEON (AEON)

Kangaroo12 / Hybrid coin (CryptoNote / Kangaroo12)
-2% 24h

$ 0.24

Ƀ 2.7E-5

24h Volume

$ 814

Ƀ 0.094

8.39 TH/s

Kangaroo12

5/64

Pools/miners

AEON is about enabling this era, enabling an age where all people everywhere have the freedom to privately send and receive money with whatever gadget they already own. Innovative, mobile-friendly, private, highly-scalable. 

AEON Kangaroo12 mining pools

Pool name Fee % Payout Miners TH/s Status Last check
Hashvault.pro pplns 0.9 0.5 26 4.12 Active 9 min ago Visit pool
Miner.rocks 0.9 0.7 27 1.59 Active 12 min ago Visit pool
Fastpool.xyz 0 0.05 10 1.26 Active 9 min ago Visit pool
Mcmpool.eu 0.5 0.5 1 0.23 Active 12 min ago Visit pool
Herominers.com 0.9 0.1 0 0 Active 9 min ago Visit pool
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AEON markets

Name Pair 24h AEON 24h USD Last check
Bittrex Bittrex AEON/BTC 2,004 474 2 hour ago
TradeOgre TradeOgre AEON/BTC 1,215 284 2 hour ago
HitBTC HitBTC AEON/BTC 226 55.9 3 hour ago

AEON details

PoW algorithm: KangarooTwelve
Max supply: ~18.4 million
Block reward: smoothly decreasing
Block time: 240 seconds
Difficulty: retargets at every block

How is AEON different from Monero?

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

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.

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.

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.

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

Secure

Each transaction is secured with robust cryptography and distributed through a global peer-to-peer consensus network.

Private

By default, AEON utilizes a cryptographic system to transfer funds without the identifying information of each user becoming visible on the blockchain.

Untraceable

AEON uses ring signatures to make transactions untraceable, meaning it is very difficult for blockchain analysis to determine if funds have been spent.

AnnouncedJun 2014
Forked from XMR
Block time240 sec
Last reward4.71
Current height1153079
AEON Forks*
*Only coins listed on the MimWim are shown.
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