AION is a multi-tier system designed to address the scalability, privacy, and interoperability challenges of blockchain networks. AION’s vision is to create a network of blockchains, where each blockchain can communicate with each other natively without the need for a central intermediary. The AION network enables the development of a Coordinated Chain Network (CCN) where member chains can interact with each other through a variety of mechanisms including:
– Cross-chain transactions: Users will be able to seamlessly transact with each other across different blockchains without the need for a centralized intermediary.
– Interchain services: Users will be able to access services provided by other chains in the network.
For example, a user on one chain could use a smart contract deployed on another chain.
– Joint Chain Security: The network will provide increased security for all chains through coordinated security efforts.
Coinbase does not currently support AION, but it may in the future.