AERGO is a new generation of blockchain

Reasons for creating the AERGO platform

Currently, existing dApps protocols and applications are not able to provide enterprises with distributed control, increased security and scalability.
AERGO seeks to solve these problems by providing developers and enterprises with a platform where they can create and develop their own private and public dApps applications in the blockchain cloud.

Technical innovations

The base will be Coinstack, an approved blockchain solution from Blocko, which has large-scale private blockchain production-level projects with reputable corporate clients. The core technology is currently being used by several dozen companies with which Blocko also has partnerships, including Hyundai Motors, Korea Exchange and Lotte Card. However, Coinstack provides services only to private organizations, while AERGO will use cloud architectures, as well as public and private networks, creating an interconnected system that combines the best of both directions.
Unlike existing blockchain implementations, AERGO aims not only to scale horizontally, but also to support applications based on micro services that are optimized for vertical scalability. This should allow dApps to use multi-core hardware. The AERGO virtual machine supports many programming languages, allowing programmers to encode business logic in dApps and smart contracts in SQL, C ++, Golang, JavaScript and Python. Aergo also supports smart contracts on the Ethereum network via EVM. Proposed new technologies include: ultrafast and efficient blockchain protocol; new powerful SQL contract; advanced IT integration APIs; and easy-to-use developer tools. They are designed to support the new distribution structure and deployment of dApp. This framework allows developers and enterprises to quickly and efficiently install, manage, and run these applications to scale.

Main investors

Some of the most famous funds that have invested in AERGO:

• JRR Crypto (Chinese venture capital fund that has invested in projects such as QuarkChain, Merculet, DCC, WAX, QuarkChain, Hashagard. They are one of the main investors in the Binance cryptocurrency exchange)
• GBIC (Multi-strategic crypto fund, whose offices are located in different cities of the world - New York, Shanghai, Seoul. They invest in projects exclusively at the earliest stages. Mainframe, Eximchain, Icon, Aelf)
• Rockaway Blockchain (Venture Fund investing in blockchain startups in the early stages. Zilliqa, Aion, Wanchain, Oasis Labs, Blockcloud, QuarkChain, Origo)
• FBG Capital (One of the most famous venture capital funds investing in crypto-foreign exchange projects at the earliest stages of investment or in private sale. Zilliqa, Origin Protocol, Nebulas)

AERGO architecture

AERGO Chain

AERGO Chain is a blockchain protocol that includes a smart contract platform based on SQL. The chain will consist of a publicly accessible decentralized network of blockchains managed by providers of nodes. Aergo Chain uses a deterministic delegated share confirmation algorithm (DPoS).

AERGO HUB

AERGO HUB is a blockchain hosting service that acts as a public interface for creating, deploying and managing independent blockchains based on the AERGO chain. AERGO HUB includes tools and support services to support protocol growth, such as smart oracle, serverless DB, and content delivery networks.

AERGO Marketplace

AERGO Marketplace offers to be a universal interface where users can open, search and purchase software applications, computing resources and much more. It is assumed that service providers, software, as well as cloud infrastructure, will sell their products and services to AERGO users.

Management will be carried out through AERGO Horde, and access to the AERGO Marketplace is proposed to be obtained through the open interface of AERGO Hub.

What are your plans for the future?

The public protocol that AERGO offers will be sustainable only with an active community and open source with a supporting platform for the development of future ideas and developments. The Opensource technology used by AERGO has a history in which it thrives with the active and genuine participation of good developers.
Blocko will help create an emerging technology and network for AERGO. He will also ultimately benefit from the AERGO community, as he promotes the provision of professional support services to customers who want to deploy AERGO-based systems in their core companies.
Currently, Blocko technology mainly serves Korea with more than 25 million users using applications running on the systems it built for them on the Blocko blockchain. For example, leading credit card companies have adopted Coinstack for many of their mobile apps. Blocko has offices in London and Hong Kong. Plans to attract top-level developers from Germany, the UK and France. Work is underway with a leading bank in Switzerland and negotiations are underway with many potential partners, including a large regulated stock exchange in Europe.

Conclusions

AERGO has received the support of large investors, has a basic and already working platform Coinstack, a strong team of developers, is committed, using Open-source, to go global. Considering the above, I believe that AERGO will develop rapidly and take a worthy place among companies introducing blockchain technology into real life.

Basic information: https://www.aergo.io/