AERGO - Bringing Newest Culture To Blockchain Technology (Blog v0.1)

bob-elr (56)in #aergo • 6 years ago (edited)

Hello friends,

Few days ago, through my exploration, i wrote about a blockchain-based project. Check here for the post.
Today, I found an interesting project - AERGO which i believe would magnet your attention. Out of tons of projects out there, we managed to identify the viable ones since Scams have really claim high portion of the cryptosphere hence the need for intense research and analysis to stay abreast of swindlers.

Image modified by me

The digital world is gradually transforming to a decentralised atmosphere with the existence of Blockchain Technology. The advent of Blockchain erupted so many ideologies. Its immutability and trustless way of handling transactions over a distributed network has made it such exceptional to be explored. Modification and falsification of data on a blockchain are quite impossible in it's term, since data of all transactions are recorded on a ledger shared among network of computers. So, for a perpetrator to gain access to alter anything on a blockchain, he will need to access all the blocks and make alterations simultaneously which is practically not achievable. This guarantees high security and scalability as opposed to traditional database. Read about Blockchain Wikipedia.

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AERGO BLOCKCHAIN TECHNOLOGY

IDEOLOGY

AERGO blockchain is a platform or an ecosystem completely free from concealment that enables firms and businesses bring their creative ideas: projects or services to life. Innovation is all about redressing a particular problem or addressing existing ones. Innovation or creativity on the part of the users or a platform is quite endless.
AERGO platform gives options to users of the platform to deploy their projects either on a permissioned (private) or permissionless (public) blockchain networks hence the flexibility in deployment. A simple meaning of this is that as a user, you can decide to build your innovative application by allowing your data to be accessible or inaccessible depend on what you prefer. AERGO harnesses this functionality by having a full backup from github (having a public and permissioned repositories of Distributed Directories (DD). AERGO platforms is exclusively designed for developers (advance, intermediate, and aspiring programmers).

AERGOS's Key Partner

Blocko Inc. as a leading blockchain technology and enterprise IT integration-services company with operations in the UK, South Korea and Hong Kong. COINSTACK-based blockchain systems have already been deployed to 25 million users in over 20 in-production systems. See whitepaper

SUPERIORITY

AERGO blockchain use a hybrid structure which makes gives it distinctive advantages over the existing blockchain. That it, ti combines both the public and permissioned way of sharing data on the blockchain hence we can say AERGO is a public and a private blockchain.

Why AERGO?

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AERGO aims to address the setbacks of the existing public Blockchain where there is less control of IT infrastructures which poses difficulty for businesses to operate on it. Both big and medium businesses owners (even smaller ones) to a large extent want to build their businesses on platform with best infrastructures for utmost reliability which is a weevil on the public blockchain. Sometimes, it requires and necessary to perform a hardfork on the existing blockchain i.e event that takes place to perform a modification. The resultant effect of it clamps on decentralised application built on it and causes instability in the system.
AERGO blockchain is capable of performing up to 1 million transaction per second (1M TPS) as compared to Bitcoin (for instance) that does less than 100,000 TPS. It aims to address the high volatility nature of the existing blockchain. For more elaboration, See AERGO's Business WhitePaper

COMPONENTS

The Blockchain comprises of three components thus:

AERGO Chain

Here is contained, all the protocols supposedly to interact with the platform and full nodes of all enterprise blockchains that are run by nodes of block producers. through embedded smart engine - "AERGO Structured Query Language (SQL)."

AERGO Hub

This is a cynosure of AERGO's public and private repositories. It will serve as a store for all all private and public informations and resources needed by all classes of users of the blockchain.

AERGO Marketable

As a developer or business enterprise, AERGO Marketplace is a an embedded online store where you can access application software and loaded computing resources to build you dAPPs or projects you intend to deploy on AERGO's chain.

AERGO Token And Details

However a blockchain is interesting, if buying and selling not simplified, then its a mere computer with no internet access. Accessing computing resources and softwares on the AERGO platform is made easy by issuance of "AERGO Token". It is the a designed utility token and broadly as a medium of exchange on the AERGO ecosystem such as payment for services on the AERGO Hub, buying of AERGO domain, running a smart contract etc. Its circulation is spotted in the image below.

Token Information.

AERGO Token will have a total supply of 500,000,000 AERGO Token, of which 25% is reserved by the issuer, 30% will be sold, 30% reserved as incentives to the community, 10% for advisors and key supporters and 5% to for affiliates and employees of AERGO. Generated proceed is budgeted as seen in image below.

Roadmap

The development of the AERGO ecosystem (i,e AERGO Chain, AERGO Hub and AERGO Marketplace) is architected as depicted in the below image though the team disclaimed it is subject to change.