Aergo Chain is a combined public blockchain that focuses on large-scale infrastructure solutions for commercial and government use cases. You’ll see that Aergo combines decentralized trustless components with private centralized modules. Because in the commercial world, speed and scalability are critical.
Aergo bills itself as a public business blockchain platform that is intended for hybrid installations that include both permissioned and permissionless blockchain infrastructures. SQL support is included, enabling simple data processing and familiar smart contract writing for developers.
Blocko, a Samsung-backed South Korean blockchain technology startup, develops and uses the platform. According to Korean media sources, Blocko has implemented operational bitcoin solutions for large-scale customers such as Lotte Card, Shinhan Bank, Korea Exchange, Hyundai Motors, and others.
What is Aergo [AERGO]?
Businesses and individuals may use the Aergo platform to run blockchain apps on the Aergo Chain. Surprisingly, it will be the first blockchain platform to offer connections to older programming tools. Lua and SQL capabilities, for example, are included in their smart contract language. The notion is that this will allow organizations to simply enroll engineers without having to spend a lot of money on retraining. Ultimately, the platform’s architecture assures that businesses may immediately exploit the platform to minimize their operating expenses.
Businesses can deploy on a private blockchain that uses a Proof-of-Authority (PoA) consensus process. Furthermore, the platform allows customers to easily pay for enterprise-grade cloud service providers to run their private specialized nodes. Use the public blockchain instead, which employs a Delegated Proof-of-Stake (DPoS) process. Aergo Chain may conduct transactions simultaneously by utilizing sidechain technology. According to the team, it can confirm over one million transactions every second.
Who Is The Founder of Aergo [AERGO]?
The Aergo team is made up of roughly fifty people. The majority of them have substantial Blockchain experience, and several of them are also working at Blocko. Altogether, this team appears to have sufficient technical and commercial talents to fulfill its goals. The company is led by the committee’s three members. The team is ambitious to build the most useful platform for companies and individuals to build decentralized apps and enterprise-IT solutions.
BLOCKO, a leading enterprise blockchain solutions provider located in South Korea, has committed over 50 employees to the development of the Aergo platform. Aergo team wants to market the technology together through new large-scale IT operational processes as well as modifications to BLOCKO’s current in-production blockchain systems.
Phil Zamani (Board Member) is Blocko’s current COO. He has more than 20 years of expertise working with cloud and open source technology. He has held a variety of high-level positions during his career, including Global Vice President of Sales at Redhat Inc and Senior Vice President of the Cloud Unit at Deutsche Telekom.
Blocko’s current CTO is Park Hunyoung (Board Member). He has over 12 years of experience developing relational databases and distributed systems, as well as comprehensive knowledge of large-scale and high-performance software architecture. Park has made significant contributions to the development of Coinstack and has previously worked as a software developer at TmaxData and Tibero.
Blocko’s founder and CEO are Wan Beom Kim. He also created Aergo and serves as its technical manager. His background is mostly in the creation of relational databases and distributed systems.
What Makes Aergo Unique?
Aergo provides a framework for organizations and individuals to host DApps based on the Aergo Chain, and is intended for business use cases. Aergo provides a smart contract engine that supports Lua and SQ. The Aergo platform’s private blockchains use a Proof-of-Authority consensus protocol driven by the RAFT algorithm, while the public blockchain network, the Aergo mainnet, uses a Byzantine Fault-Tolerant Delegated Proof-of-Stake mechanism. Users can utilize the network to pay enterprise-grade cloud providers, such as big telecoms businesses, to operate their private blockchains on dedicated nodes in order to vote and control block producers.
Blocko’s potential services will be built around Aergo Enterprise products, which will require Aergo tokens to function. Lotte Card’s fingerprint credit card verification solution is one instance of a use case. The solution is designed utilizing a version of Aergo’s Lua smart contracts and SQL integration, and it is said to have saved Lotte Card 90 percent of their manual security expenses for fingerprint authentication. POSCO, the Korea Stock Exchange, Shinhan Bank, and Hyundai Motor Group are among the clients.
Where Can You Buy Aergo [AERGO]?
If you’re wondering where to purchase Aergo, the main exchanges for trading Aergo right now are Binance, Mandala Exchange, OKEx, Upbit, and KuCoin.
Frequently Asked Questions
Is it possible to purchase AERGO with cash?
No. Aergo is currently unavailable for purchase using fiat currencies on any of the supported exchanges. You may, however, buy Bitcoin with fiat currency and subsequently convert it to Aergo.
Is it possible to acquire AERGO quickly in Europe?
Yes, Europe is one of the easiest areas to acquire cryptocurrency in general. There are also online banks where you can register an account and send funds to exchanges like Coinbase and Uphold.
On what factors does the price of the Aergo Depend?
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact Aergo’s price and market cap.
Aergo is a blockchain of the next level that is appropriate for all types of enterprises. Primarily, the team’s goal is to make it easier for developers and businesses to swiftly deploy their apps on the cloud (which is secured by Aergo Chain). Furthermore, these apps can be public or private, implying that the network can be utilized by businesses that must adhere to user privacy rules
Aergo Official website –https://www.aergo.io/
Aergo Twitter – https://twitter.com/Aergo_IO
Aergo Reddit – https://reddit.com/r/Aergo_Official
Aergo Medium – https://medium.com/aergo