Areon Network's mainnet launch coincides with its token's listing on a Centralized Exchange on January 12, marking a significant milestone.

Crypto space is continuously expanding, thanks to the advancements in blockchain and Web3 technologies. Innovative projects often spearhead new frontiers for the newcomers and pave the way for the next best ideas of the future.

It is important that Layer 1 blockchain technologies diversify both in number and in technology so that better and more efficient solutions can be found by developers for today’s problems. 

So mark your calendars for something big on January 12.

A New Approach

Areon Network is a layer 1 technology with a unique consensus mechanism, named Proof of Area (PoA). It is actually a clever twist on Delegated Proof of Stake.

Holders of 10K AREA, their currency, are entitled to a land inside their metaverse. This digital space can be used to build a dApp or an online business, to advertise or to rent for profit.

This additional benefit makes holding an attractive alternative to staking for investors who don’t wish to wait during a staking period.

Will it endure?

Areon Chain is EVM compatible and runs on Tendermint Core, ticking all the boxes for scalability and interoperability. Their testnet results suggest a sufficiently fast and robust technology is behind it.

However, the network is too young to become a mainstream option, and needs more attention and review from the crypto community.

Areon celebrates its ‘birthday’ on January 12, remarking its token’s first listing date on a CEX for the first time. But the blockchain market is more competitive than ever. The network's future performance and adoption remain to be observed.

Should you have a look at it?

With all that innovation and holistic approach, Areon Network does deserve the benefit of doubt. Their official website offers a plethora of information on top of their Docs & Whitepaper.