AERGO in action in the real world.

Blockchain has been blowing up lately, the increase in value of Bitcoin, although has been declining lately has still been miraculous. Even though nobody really knew of its existence before 2008, most people know about it now and it makes sense that people have started seeing all the different opportunities blockchain has introduced.

Let's meet Paul, who left his job as a desk trader at NYSE to try and carve his own destiny. After spending a few months on holiday at the Maldives he concludes that he would like to stick with what he knows. So, he decides to start his own bitcoin exchange. With all his savings he hires a legal expert to help him get all the documents he might need then hires a blockchain expert to build out the platform him, unfortunately all the money he sinks into development is depleted trying to build the architecture necessary to handle an exchange of this magnitude. He's devastated. It was only a few months later until he discovered AERGO.

AERGO has all tools Paul would require to build and deploy a fast, secure and scalable crypto exchange that's based off cloud infrastructure. Paul is overjoyed because having nailed down the legal part all he needs is to develop a dApp that would grow with him.

AERGO has everything he needs because with Paul isn't torn between the practical public blockchain and giving users all the freedom only to sacrifice performance and user security by not picking a private blockchain, with AERGO Paul can create a model that utilizes both, and thanks to Blocko’s Coinstack engine, a hybrid blockchain architecture and the AERGOSQL's multi-paradigm approach, he can be able to switch back from public to private or vice versa whenever he'd like.

So, any time his enterprise has been mentioned in the news and there's a significant spike in traffic he can switch back to the permissioned blockchain to scale properly, speaking of scale, AERGO has few other tricks up its sleeve that will ensure it scales no matter what amount of transactions are pulled through the system at a specific time. One of this is the scale up approach which uses a single node, so that when the system demands are more would be to push the individual limits of the node to try and get as much processing capacity out of it as it can whereas the Scale out model happens thanks to other nodes that are linked together in order to work collectively as one and thus handle the larger workload.

Paul also understands that having the ability to move back and forth between permissioned and permissionless blockchain also improves security for users within the platform, because although the public chain helps users build trust inside the platform, the presence of a large number of nodes opens up the platform to a significant level of risk especially if you consider the fact that Paul’s exchange is in charge of something as sensitive as people's crypto.

Paul can also appreciate that AERGO has bundled in a modified version of the delegated proof of stake algorithm which helps verify all the transactions that are being added to the platform just to ensure everything checks out. Not to mention also boosting scalability (can't have enough scalability can we.)

Paul can also oversee all the happenings of his exchange thanks to the AERGO hub which not only gives him and his developer the computing power he would need to run his application on, it also provides Paul with a serverless database, a CDN, a smart oracle that will provide him with the ability to link two separate data sources and lastly a gateway where he can route all his traffic into a specified blockchain.

Conclusion.

Paul just saved big bucks with AERGO and even if you're not planning on getting your own Crypto exchange. You should still participate. The company is looking to give away up to $3,000,000 to speed up the process of developing their ecosystem and all it takes is a few actions and you could be well on your way to earning $2000 AERGO Tokens just for yourself.

Here's how to do it. You can take part in the discussions that take place on the company's designated forums or social media channels, you can also take the initiative and start a discussion on a coding forum with regards to AERGO's SQL smart contract engine, you can also translate the content churned out by AERGO into your local language, lastly you could also refer some of your friends to AERGO if they buy in you get rewarded.

Once the submission form is posted on the company's website you will be asked to forward your email plus all the links to all your social media handles; twitter, telegram, medium etc. You will also be asked to tag references, if you've created any content you think other community members would find useful here's your chance to let AERGO know.

Could be a video, could be on reddit, this part is optional though. Lastly you will be asked to provide a small elevator pitch explaining how much of the project you comprehend. Once done an analyst team will go through the submissions (Deadline of submissions is 7th October, 2018 by the way) and award different badges. If you're among the 2000 selected as a Tier-2 contributor you will be given $250, if you’re among the 1000 selected as a Tier-1 contributor you will be given $500. If however, your work is exemplary and the AERGO team feels your determination is beyond just contributions, you will not only be given $2000, you will also made a Global ambassador. Only 275 members will get this far.

Being part of AERGO's token sale.

To learn more about AERGO can help you or any enterprise you work with or looking to start don't hesitate to check out the company's specified online channels.

You can subscribe and get an overview of AERGO on their website.

If you’re an avid reader you could also check out the company's technical and official whitepapers.
Linked here
If you’re on Twitter, AERGO is too - twitter
If you prefer a more professional setting, you can check out AERGO on LinkedIn
AERGO is also on Medium
As well as on Telegram

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Thank you for reading.

Blog by
FABY:
Bitcointalk @faby
Steemit

Disclaimer Alert*

All the views presented in this post are not sponsored, they are all personal opinions that have been developed by me in my time taken interacting with AERGO. This means that none of the references or points put across should be relied upon when making any form of investment or purchase decision.

To get the best out of your investments, it's best to either get professional advice from an investment firm or simply email the AERGO team via this email here - [email protected]. If this fails, just go with your gut from personal experience that hardly ever fails.

Thanks for reading and please