Aeon (cryptocurrency)

Aeon is a lightweight CryptoNote digital currency and privacy cryptocurrency designed for peer-to-peer, global transactions. On June 6, 2014 Aeon was forked from the Monero cryptocurrency by an anonymous Bitcointalk user called Aeon, and shortly after two more anonymous Bitcointalk users, Smooth, and Arux, joined the Aeon project.

Aeon enables people to receive and make secure digital payments using low-powered computers with limited storage capacity such as cellphones and tablets. It enables users to anonymously send and receive funds using a cryptographic system, along with ring signature to make transactions untraceable. Aeon is powered by the PoW algorithm CryptoNight-Lite, has a maximum supply of 18.4 million, has a 240 second block time, and its mining difficulty resets after every mined block.