The blockchain is a continuously updated list containing records known as blocks linked together and well secured using cryptography. Each block has a cryptographic hash of previous block, a time stamp and a transaction data. A blockchain is designed to inherently resist any form of data modification.
The coming of the first blockchain has paved the way for other blockchains that now serve independently in the blockchain ecosystem. Hence, there is an imminent threat to how these blockchains interact and exchange data effectively. This is highly risky and does not promote uniformity IN the adoption and utilisation of the blockchain architecture.
There is a dire need for a powerful blockchain built on a mainstream protocol that is solution oriented and solves real world issues. AERGO is the long awaited innovation tgat will cause a paradigm shift from the obtainable blockchains in use today.
Aergo is an uncommon blockchain protocol built in conjunction with advanced IT technologies to offer an ecosystem of decentralized applications (dApps) and service providers on a business model. Aergo breaks the limits of existing blockchain operating systems and meets the needs of businesses, developers and other users by implementing a pristine enterprise blockchain.
Most businesses and developers today, require a well equipped, public, simple enterprise development and management blockchain platform that can be adopted in any industry.
Aergo is a new generation blockchain protocol that integrates an advanced IT infrastructure which offers decentralized applio (dApps) on secured cloud structure. It provides condusive environment for developers and businesses to create customized blockchain applications whether private or public to meet their requirements.
Aergo's backbone technology called Coinstack is created by Blocko Inc. which is an IT and blockchain service company that will help businesses and other clients to implement or install new business products and services on the Aergo network. One of the major principles of Aergo is the promotion of new ideas to increase the utility and value of the platform.
The core components of the AERGO platform include Aergo Chain, Aergo Hub and Aergo Marketplace.
The Aergo Chain is a protocol that has a public decentralized network or business oriented blockchains. The AERGOSQL smart contract engine will be installed to support the creation of innovative products and services. AERGOSQL consists of smart contracts that run on the AERGO Chain. AERGOSQL is also the structure for storing and accessing data along with scripting language used for writing smart contracts.
The Aergo Hub acts as the public interface poised with the responsibility of linking decentralized applications (dApps) with Aergo Chain. The Aergo Marketplace is the intended sub-platform for buying and selling of software applications, computer resources and services for Aergo Chain.
The Aergo token has been designed to be the native utility token to be used as the medium of exchange on the Aergo network. The token will also be used for making payments in the Aergo Marketplace, Aergo Hub and Aergo Domain. Token use will also include running the AERGOSQL smart contract and DPOS consensus algorithm.
A total of 500 million AERGO tokens will be created. 30% will be issued out during token sale, while another 30% is set aside for strategic partnerships and incentives. Affiliates and key backers will receive 10% and employees of Aergo will get 5%. The remaining 25% will be kept in the reserves.
The funds raised during token sale will be used for the advancement and development of the AERGO platform.
For more information about AERGO, you can visit the important links below.
Website: https://www.aergo.io/
Whitepaper: https://paper.aergo.io/AERGO_Whitepaper_v5.2.pdf
Github: https://github.com/aergoio
Telegram: https://t.me/aergoofficial
LinkedIn: https://www.linkedin.com/company/teamaergo/
Twitter: https://twitter.com/AERGO_IO?lang=en
Medium: https://medium.com/aergo
Writers STEEMIT link: https://steemit.com/@donrep