Aion launches first public blockchain network

The Aion Network wants to be the underlying infrastructure for a network of blockchains in a similar way that TCP/IP drove the proliferation of the internet. To that end, the company, which originally began as a for-profit startup called Nuco, has decided to become a not-for-profit organization with the goal of setting up protocols for a set of interconnected blockchains. They now see their role as something akin to the Linux Foundation, helping third-party companies build products and creating an ecosystem around their base technology. The idea behind this venture is to provide the underlying plumbing to encourage more highly scalable blockchain use cases. In order to drive adoption, the company is introducing a token or cryptocurrency to be used to move data across the network and build in a level of trust.

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