AEON isn’t just a currency.
It’s a lifestyle.
Decentralized digital currency is slowly becoming a normal part of everyday life. Yet everybody’s main internet device continues to be their cellphone, a device with a low-powered CPU and limited available storage.
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.
- PoW Algorithm: KangarooTwelve (K12)
- Max Supply: ~18.4 million
- Block Reward: smoothly decreasing
- Block Time: 240 seconds
- Difficulty: retargets at every block
A lightweight CryptoNote digital currency
Each transaction is secured with robust cryptography and distributed through a global peer-to-peer consensus network.
By default, AEON utilizes a cryptographic system to transfer funds without the identifying information of each user becoming visible on the blockchain.
AEON uses ring signatures to make transactions untraceable, meaning it is very difficult for blockchain analysis to determine if funds have been spent.
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.
Now that we know the details about Aeon, let’s get to mining some AEON!
Those who have no idea about mining can easily start mining by watching this video.
Aeon Mining Mining Pool: https://aeon.herominers.com
Run guided_setup.bat file and answer questions:
Configuration name: aeon-herominers
Enter the algorithm name you want to use: k12
Address and port of mining pool: aeon.herominers.com:10651
Is this pool using SSL/TLS encryption? n or y (optional)
Is this a nicehash pool? n or y (optional)
Wallet Address: YOUR_WALLET_ADDRESS (can be ADDRESS+PAYMENTID or ADDRESS.DIFF or ADDRESS+PAYMENTID.DIFF)
Do you want to use your CPU for mining? y or n (optional)
Do you want to use your GPU/s for mining? y or n (optional)
Do you want to enable logging? n or y (optional)
Do you want to enable compute mode? y or n (optional)
xmrig.exe --donate-level 1 -o aeon.herominers.com:10651 -u YOUR_WALLET_ADDRESS -p YOUR_WORKER_NAME -a k12 -k
Run Miner.exe and answer questions:
Your crypto: 2 (Aeon v7/v8)
Mining pool address (hostname/IP): aeon.herominers.com
Mining pool port: 10651
Your address (with optional .something at the end): YOUR_WALLET_ADDRESS (can be ADDRESS+PAYMENTID or ADDRESS.DIFF or ADDRESS+PAYMENTID.DIFF)
Password (or x if none): YOUR_WORKER_NAME
Monitoring listen port (0 if no JSON/graphic console): 0Answer other questions regarding your GPU cards and mining will start.