AERGO project - advantages, problems and prospects
AERGO is a solution for creating decentralized applications for developers and companies. The project works on a blockchain protocol, and also provides services for the development and sale of applications.
Using blockchain technology
AERGO combines three key architectural functions using the blockchain. The AERGO Chain platform is designed to troubleshoot existing public blockchains. It uses SQL-based smart contracts, as well as other tools. AERGO Chain offers more than 1 million transactions per second using sidechain technology. AERGO Hub is a web interface for processing individual independent private blockchains based on AERGO Chain. AERGO Marketplace allows you to sell and purchase P2P resources, such as data storage, computing power, algorithms, and more.
AERGO Chain provides cost savings and higher speed for businesses. AERGO Hub eliminates the role of intermediaries and decentralizes software development by offering a secure environment. AERGO Marketplace creates new digital relationships along with cost savings (operations without intermediaries and ensuring an efficient system market).
Tokens
AERGO tokens are intended to be exchanged within the AERGO system, paying for certain services in the AERGO HUB ecosystem. They are transmitted inside the platform. The current holders of AERGO tokens can use them to purchase products and services on COINSTACK v4.0, while the Mainnet for AERGO is expected in the first quarter of 2019. In the technical sense, tokens are used in the DPOS consensual algorithm and work with AERGOSQL smart contracts.
Problems solved by AERGO
There are a number of obstacles for businesses that want to introduce and use public and private blockchains. These are problems that need to be solved.
Lack of reliability: stabilizing volatility in transactional commissions, so-called. Hard forks, increase IT vulnerability and critical business disruptions.
Complexity of integration: blockchain integration into a traditional system can be very complex, expensive and risky.
The complexity of software development: new languages and programming infrastructure require time and resources to learn, the corporate blockchain should be fairly simple to understand and program.
Problems of scalability: the need for both horizontal and vertical scaling solutions to meet the requirements of the business.
Interoperability limitations: special tools, IT integration, required knowledge and skills for use should also be simple.
AERGO seeks to solve all these problems and create an easy-to-use blockchain solution for enterprises with clear functions and concepts for developers.
General impressions of the project
AERGO Chain: use of a scalable blockchain with the ability to launch a public / private / hybrid network with privacy features. AERGO Hub: a decentralized solution for powerful open source control systems that are currently in high demand. AERGO Marketplace: a market for third parties to sell their products and services to AERGO users.
It sounds impressive. It remains to hope that AERGO will fulfill its technological promises and the project team will be able to provide all the stated solutions.
The AERGO project team is very strong, with extensive experience both technically and in business. Communication with BLOCKO and Coinstack is likely to have a positive impact on AERGO’s success, especially in the South Korean market. The project roadmap is also timely and viable, and it is expected that Mainnet will be released within a few months after the public sale of tokens. Due to the key differences and advantages of AERGO over other platforms, and also given the success of competitors in the same space, there is every reason to believe that AERGO will receive strong support and growth in the coming months. Follow this project.