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AION calls itself a 3rd generation blockchain network, and is primarily focused on connecting blockchain networks. AOIN aims to solve the interoperability issues facing the various blockchains, and be the connecting bridge between them. AION's cross-chain platform has different consensus mechanisms for interchain and on-chain transactions. The on-chain consensus mechanism combines BFT (Byzantine Fault Tolerance), dPoS (Delegated Proof-of-Stake) and a new neural network inspired verification algorithm known as Proof-of-Intelligence.
Interchain transactions are managed by bridges. The bridges has a consensus mechanism that is different from the main AION chain, and each bridge is secured by an individual consensus. The bridge validators will be rewarded by interchain transaction fees.
| Liquality is developing a cross-chain technology that will allow users to covert Ethereum to Bitcoin, and vice versa with minimal risk and fees, while maintaining control over their private keys. Their interface offers a secure way to exchange cryptocurrencies by using atomic swaps. Liquality is a ConsenSys portfolio company.
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