The invention of blockchain technology was a tremendous breakthrough. Imagine the fulfillment the initiator of blockchain technology must have felt. When it was discovered then those who are aware about it and stumbled on it, knew for sure that they have discovered a goldmine, this was brought to their notice cause there are alot of convenience that came with the inauguration of blockchain technology. One of the top-tier innovations of blockchain is Bitcoin, the first digital currency that was created. Previously before blockchain technology was initiated, finance-based activities were eminently centralised, for example, to transfer funds from different states or countries requires the connection of centralised financial organisations, most times presence of individuals will be required for certain transactions to proceed which leads to time wastage. But blockchain technology tackled this issue and made it possible to make truly peer to peer transactions around the world,notwithstanding the location or currency of the countries involved , this can be achieved from the convenience of your home. The most enthralling thing about the decentralized nature of the blockchain technology is the ability of users to monitor their transactions till its finalised. The great influence the blockchain technology has on businesses and finance companies cannot be overemphasized. Despite all this goodies blockchain technology brought to us, it still has alot of limitations and shortcomings which will be tackled with the invention of the AERGO platform.
THE PROBLEM WITH CURRENT BLOCKCHAIN
Some of the problems of the current blockchain protocols includes
-Lack of Scalability
-Not providing organisations the confidentiality needed
-Security challenges.
INTRODUCING AERGO
AERGO is the fourth generation of blockchain with an extraordinary scalability feature. AERGO platform is designed to empower organisations and developers to effortlessly design, construct and deploy their own blockchain applications within the cloud. The platform will provide to the developers the possibility to individualize their blockchain and dApps on private and public chains, they can decide to deploy public and private chains exclusively or merge both.
AERGO's platform is based on COINSTACK from Blocko Inc. It is one of Korea’s sizeable blockchain technology provider that operates in the UK, South Korea and Hong Kong.
THE UNIQUE FEATURES OF AERGO AND THE SOLUTIONS THE PLATFORM OFFERS TO ENTERPRISES
AERGO's aim is to provide to organisations or enterprises all the resources they would need to construct and eventually deploy their own blockchain based dApps.
The platform will ensure that organisations or enterprises will work in a transparent and secured environment since all transactions are recorded and easily accessible. There won't be any need for middleman.
Based on the AERGOSQL smart contract technology the platform will expedite smooth transactions for enterprises and organisations.
The platform is very scalable and it can handle much more traffic than the current blockchain.
AERGO is made up of three unique tools for its efficacious accomplishment
-AERGO Chain
-AERGO Hub
-AERGO Marketplace.
AERGO CHAIN
The Aergo Chain is a developed open internet of blockchains launched by node providers. The main purpose is to host AERGOSQL which is a fresh SQL smart contract system that will permit easy usability and adaptation for users.
AERGO HUB
It is like a connection within AERGO Chain that link different dApps together, and putting them in different places to be stored(Repository) .The dApps will be stores in either AERGO Public Repository or AERGO Private Repository. The Public Repository is an open underlying facility invented for dApps while the Private repository is a modulated and secure facility for dApps.
AERGO MARKETPLACE
It will be a shop for all software applications, computing resources and different other services to be run on AERGO Chain.
AERGO TOKEN
Token total supply is 500,000,000 AERGO. The token will be used for transactions within the platform and as a medium of exchange.
Token Distribution
-Token Sale -30%
-Partners and communities -30%
-Reserve projects-25%
-Adviser and supporters -10%
-Community employees and team -5%
Visit the following links for more information about AERGO
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
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Twitter: https://twitter.com/AERGO_IO?lang=en
Medium: https://medium.com/aergo
ETH Address : 0x2Ac1F32BBb6EfaC908ED723FB7d73c9BF913c1a6