. What is The OAN (AION)? Here is Crypto Money AION Coin in All Details – In this article, What is The OAN (AION)? We will try to answer the question and provide detailed information about the project.
In this article, What is The OAN (AION)? We will try to answer the question and provide detailed information about the project.
What is The OAN (AION)?
OAN, or Open Application Network, is a general infrastructure that creates a design space for Open Applications, or programs whose users “take back control” and are universally accessible across platforms.
The OAN platform offers APIs, templates, and documentation to accelerate the creation of Open Applications for developers.
The network is secured with a kind of consensus algorithm similar to Delegated Proof of Stake. However, users can transfer not only their tokens, but also computing resources.
The AION token is used for authorization and staking, as well as a form of payment for services provided by the network.
Launched in July 2017, the Aion project focused on providing a scalable, private, and interoperable public blockchain network, today announced the launch of the Open Application Network (OAN). OAN is an open source public infrastructure for the creation and hosting of Open Applications (OAs).
Going forward, the Aion project will progress under two different brands, linked and associated with a common vision: OAN and Aion. This will result in different narratives and market entry strategies for the two audiences; platforms and their stakeholders and the crypto ecosystem.
What is Aion Token?
Aion launched its main network in April 2018, created the Aion Virtual Machine, the world’s first JVM-compliant execution environment in a public chain, and established the Aion Foundation with 55 employees in 3 cities (Toronto, Shanghai and Barbados).
Open Application Network
OAN is a public infrastructure that creates a new design space for OAs. As a public system, a global community of individuals, software companies and institutions secures and maintains the operations of the network. Critical functions are activated and promoted through Aion. The use of the network is measured and paid in Aion, which compensates for those who contribute to its operations.
Open Application Network (OAN) is the brand of technology, network, project and forward-looking team. Aion is now the only brand of the Open Application Network’s digital presence. (i.e. transactions on OAN are paid at Aion).
“OAN is focused on creating a new Open Applications paradigm, especially within platform economies. We will create this new design space by working directly with existing or early stage technology platforms in markets such as e-commerce, mobility, content sharing and loyalty.
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