What is Aergo Chain?
How AERGO Chain came to existence?
In the 21st-century blockchain technology has become most popular, brilliant and unique invention ever. Out of this technology, several stakeholders, developer, scientist, technologist and end-users are developing a real-life solution in an attempt to solve problems such as frauds, delay of money transfer, corrupted databases among others. Up to date, blockchain is still experiencing numerous challenges that limit its users from fully exploring its features. This Aergo as an innovative platform is trying to develop a platform that business enterprises and app developer. In order to achieve this objective Aergo has categorized the platform into three main pillars namely Aergo chain, Aergo Hub and Aergo marketplace. However, the developmental roadmap of the Aergo element is still underway apart from the Aergo Chain that is almost completed.
What is Aergo Chain?
The Aergo chain could be defined as the proposed blockchain protocol specially designed to mitigate risks being experienced with the public blockchain. The Aergo chain will achieve this by including SQL smart contract platform and incorporate advanced features such as concurrency control and distributed versions.
Aergo Chain Inclusions
The Objectives of Argo Chain
Aergo Chain is purposely being developed in order to curb flaws, currently being experienced on a public blockchain. To effectively achieve this objective the chain of work intends to incorporate and deploy particular aspects of blockchain such as delegated-proof-of-stake (“DPOS”) governance model. Also, as a way to mitigate more issues implementation of novel 10 score based autonomous delegation algorithm, this will enhance quality and reliability of services.
To solve privacy issues: SQL based smart contract platform is another crucial feature that Aergo chain intends to incorporate to enhance usability and privacy of users. The inclusion of a smart contract will enhance solutions to the major limitations that currently exist within public blockchain protocol. The smart contract will also focus on the blockchain protocol layer that will enable features Aergo chain to display characteristics of distributed version control and concurrency control. The primary purpose of this feature is to enhance the future privacy of blockchain protocol.
To transact millions of transactions per second: Up to date blockchain technology slow when it comes to negotiating massive number of data, It may take a lot of time, for instance, One Bitcoin transaction may take up to 10 seconds. It is for this reason that Aergo is taking the challenge to develop the platform that will ultimately be able to handle millions of transactions in a matter of seconds
To avail a wide range of products and services to users: The current blockchain platforms have limited services from which business enterprises and developers can choose from. Through the implementation of Aergo Chain, it will be made possible to avail a variety of products and services to its clients. The Aergo chain will go an extra mile of incorporating secure and private data centers dApp into a computer network. Lastly, the Aergo chain will enable a multi-thread architecture and an ultra-fast cached memory computer environment.
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