Negative Aeon opinions
Summary:
So far,1 of opinions have been recorded for Aeon. These opinions are not investment recommendations but the community's perspective on Aeon. Please do not make a purchase decision based on these Aeon opinions.
Submit your opinion
We look forward to an honest and authentic assessment of this crypto currency.
Aeon opinion #1
Aeon is a crypto-currency, that aims to become a mobile device friendly means of payment in the slowly increasing adoption process of crypto-currencies.
The Monero-code-based coin has made some important changes with the aim of making it more friendly for mobile devices. The proof-of-work algorithm was made more ASIC friendly, RingCT was discarded until its security is cryptographically proven, the block time was halved to reduce the cost of operating a node and the ring size was reduced to a fixed value of 3. With the reduced block size potential obfuscation / privacy is sacrificed compared to Monero, but Aeon's developers seem to accept this for the resulting shortened verification time.
The current state and financing of the individual development stages can be viewed at https://www.aeonfunding.com/proposals, but it is evident at https://github.com/aeonix/aeon-gui/graphs/code-frequency that the project appears to be at least half dead since 2019. The blockchain behind it and the price seem to be indifferent to this fact and the coin is still listed on several major exchanges.