Aeron ARN to Komodo KMD Exchange

Crypto Pair Details: ARN to KMD

Aeron ARN

According to its whitepaper, Aeron aims to be the new standard of aviation safety powered by the blockchain. Maintained by a group of aviation professionals, Aeron wants to reduce air transport-related accidents, which it says currently numbers around 3302 per year. One of the major causes of such accidents is the lack of real experience among pilots, since unsecured flight log data from them is susceptible to fraud and forgery. Also, due to 'pay to fly' experiences, corrupt flight schools, negligence of aircraft operators, the primary data driving any decision is affected. Aeron is built upon a robust and cryptographically secure database that makes it unique compared to other online travel companies, travel search services or internal applications made for flight officials. With this technology, falsification of data can be kept at a minimum. Additionally, as you would expect from a blockchain-backed application, key information is safely stored and is accessible to everyone with 100% transparency. Except that it now comes secured by a multi-sig authentication system that prevents any type of security breach. According to Aeron's Whitepaper, 'The pilot’s application is used by a pilot for personal flight logging. The company application collects and verifies data from aircraft operators, maintenance organizations, flight schools and fixed base operators'. Aeron (ARN) is an ERC20 compliant Ethereum based token, with a fixed supply of 20,000,000 ARN. When the token was launched, a fixed amount of tokens were created and after which no more tokens are to be minted. About 60% of the supply is estimated to be in circulation. The supply should decrease over time when ARN tokens as taken out of circulation. Once Aeron receives ARN tokens in exchange of services, the coins will be again released in to the network. According to its whitepaper, Aeron plans to have a user base of 300000 by the end of 2020. This would encourage it to embed new features on its platform. With the help of multi-app functionality and block technology, the company envisions to have an “airline in the pocket” of sorts within two years. While its price has fluctuated like most other cryptocurrencies, it delivered more than 15x returns within a short period between November 2017 to January 2018. As of July 2018, the price is nearly back to its November levels, at $0.57.

Komodo KMD

Komodo is an end-to-end blockchain infrastructure solutions provider. Consistently recognized as one of the world’s most innovative blockchain projects, Komodo is developing technologies at the cutting-edge of the blockchain industry. In reality, most blockchain platforms today are but a single blockchain that offers support for smart contracts and decentralized applications. This model forces all projects to share the same infrastructure, leading to congestion, increased transactions fees, and stifled growth. Whereas other blockchain platforms employ a single, shared-blockchain model, Komodo’s federated multi-chain architecture provides each and every external project with independent infrastructure and a dedicated blockchain. This multi-chain design is what makes Komodo unique among blockchain platforms. Each project is given the opportunity to create their own blockchain ecosystem via Komodo’s infinitely scalable infrastructure. Komodo’s tech enables seamless cross-chain interoperability among all federated blockchains. Every blockchain built with Komodo is also connected to 95% of chains outside the federation via atomic swap technology. Future plans are in place for blockchain bridging support, which will create cross-chain fungibility throughout the entire blockchains industry. Moreover, with Komodo’s architecture, multiple blockchains can sync up and function as a single chain. If one chain is not meeting performance needs, additional chains can be added to form a blockchain cluster. A blockchain cluster boosts performance linearly without inflating coin supply or devaluing the currency. The Komodo ecosystem is not only scalable and interoperable, it’s also secured with the power of the Bitcoin network. This is accomplished with a series of cross-chain notarizations that store a blockhash onto the Bitcoin ledger every ten minutes, providing protection from 51% attacks. Join Komodo as we continue to accelerate the global adoption of blockchain technology.

SOURCE: COINGECKO

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