AERGO: Blockchain Fuel For Autonomous Business

in #crypto5 years ago

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Aergo is a fourth generation blockchain platform which is aimed for allowing developers and additionally organizations the capacity to effectively make applications dependent on their necessities on its cloud, while granting them autonomy over these applications they have made. It is a multipurpose platform which is reduced and adaptable in outline and accordingly fit for bringing both open and private blockchains together.

Aergo comprises of three primary architectural functions which are :

Aergo Chain: This is a public blockchain protocol which is aimed as decreasing the troubles as of now connected with publictocol. blockchain pro is to work on the DPOS (delegated proof of stake) consensus however can be changed to run additionally keep running on the evidence of work and confirmation of stake consensus to fulfill the various needs of the users. To make it more easy to understand, it has smart contracts which are SQL-based.

Aergo Hub: This is a blockchain hosting service which will fill in as open interface into the Aergo blockchain where registering power with which to run the decentralized applications can be acquired. Dapps can be associated with each other and put away either on the Aergo open store or Aergo open vault, in this way expanding the simplicity of getting to the dapps. It plans to offeradvanced administrations which incorporate a database which is without a server, bolster for programming microservices, a smart gateway to wisely coordinate transactions into a blockchain, and so forth.

Aergo Marketplace: This will be the Walmart of the Aergo ecosystem. At the point when needing processing assets, for example, computing power ,algorithms, stocking and so forth, this is your "go to" area. Something near peer to peer traditional cloud marketplace is aimed for being implemented, with the additional advantage of simple entry for Aergo users.

Why does AERGO Exist?

Since the innovation of blockchain in 2009 by anonymous developers, there have been various challenges to bridge the gaps such as security; speed and complexity within the protocol that makes it difficult for business enterprise use it. When the limitations was realized in most of the blockchain platform by Blocko inc. The necessity to develop an improved blockchain 4.0 version to address the weakness initially encountered becomes mandatory; some of the critical purpose of building the platform included:

1: To create and establish an open source blockchain protocol that is “enterprise ready.” This means that developers and other business enterprises will be able easily to design, build as well as deploy any application on either private or public blockchain.

2: To resolves the existing issues in IT integration, privacy, scalability, software development and interoperability in the current blockchain version.

3: To provide useful features such as reactivity, SQL and isomorphic programming to extend the functionality of blockchain. This will be made possible by introducing three software stacks namely SQL, AERGO, and Meteor.

TEAM

The team is quite big and seems to be a bit more 'senior' than most other projects. I see this as a good thing. This also reflects in the way in which Aergo has presented itself so far. A bit more of a ‘corporate’ than a ‘start-up’ approach. The fact that Aergo has a lot of full time developers at its disposal is also promising.

A little background on the board members:

Phil Zamani: Vast experience in tech. Worked at Banco Santander (Head of Big Data) and Deutsche Telekom (Senior Vice President of Cloud Business Unit). Definitely seems to know how the business works.

Hunyoung Park: Blocko CTO with 10+ years experience in database development and distributed systems. Previously also worked as principal software engineer at TmaxData in Korea.

Roderik van der Graaf: Founder and Managing Partner at Lemniscap. Previously was the Managing Director of Caldera Capital. Very well connected in the VC world and blockchain space.

Token Metrics

Some info on the token metrics:

Total Supply: 500 million
Tokens for Sale: 30%
Company reserves: 25%
Employees and Affiliates: 5%
Advisors/Key Backers: 10%
Community Incentives/Strategic Partners: 30%
The private sale has already ended. Specific dates and details for pre-sale or ICO are unknown.

Use of Proceeds

Research & Development: 40%
Marketing: 15%
Ecosystem incubation: 30%
Strategic alliances & Business Development: 10%
Miscellaneous: 5%

Website: https://www.aergo.io/
Telegram group: https://t.me/aergoofficial
Telegram Announcement group: https://t.me/aergoannouncements
Twitter: https://twitter.com/AERGO_IO
Medium: https://medium.com/aergo
LinkedIn: https://www.linkedin.com/company/teamaergo

Written By: chacha1000
Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2015045

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