AERGO Attracts Contributors to Build An Open-source blockchain

Blockchain transactions have skyrocketed because of massive adoption.

Despite the huge potential that underlie the blockchain technology, its immense capability to transform existing processes, systems, and businesses, not so many have realized these benefits. There remain challenges and problems that inhibit prospective use cases. Blockchain offers vast opportunities that cause excitement for use cases. However, the technology has the problem of overturning the challenges into opportunities.

The first generation blockchains have made many attempts to address enterprise problems by coding notes into fields of tokens like Bitcoin then spending the tokens hoping that the problems will disappear. This is almost similar to trying to implement business model process by writing notes on dollars and spending them to get the note passed along. A model designed to track a token is not the right tool to to execute an advanced business process. It is clear that early attempts have used the wrong tools.

A Disruptive New Player

A New start up project called AERGO is developing a blockchain technology. A platform that improve on the blockchain experience and toolkit which is going to target the key pains that hold back more adoption of blockchain technology.

AERGO Network is developing a new blockchain protocol; the aim is to create a blockchain technology that provide decentralized medium for massive real-world adoption. To create a platform that provide developers with the necessary toolkit that allow for easy developments of decentralized applications for every industry.

The world still consider Blockchain technology to be in Infancy, a stage of development. And offspring platforms are still facing infrastructural challenges. Because of this, existing blockchains only offer basic tools to developers. However this usually require some centralised medium or unclean hacky methods to make things work. AERGO is going to leverage the open-source technology to provide the right toolkit for developers. AERGO aims to build an ecosystem that is enterprise and developer focused which enable developers to to very easily build enterprise-grade dApps.

Rather than have the project branch away from the initial project ideas, AERGO has assembled a team with way over 20 years of experience with Linux who can very easily handle hard forks. The project has got the right technology and the skill set.

Stakeholders and investors always consider opportunity cost before investing. Also lowered trial timelines would reduce the opportunity cost of investments and lowered opportunity costs will make the overall net present value of investments in start-ups more attractive and will give innovators and developers on the platform a competitive chance that will help improve the platform.

More than 80% of the technology behind iPhone was developed before its first launch. Many existing projects focussed on the new and bright things but actually, investors and customers want good value for their invested money. AERGO plans to integrate a mixture of new protocols that are yet to be tested and fully tested existing ones to provide a smooth environment for over 8.5M developers with opportunities to fully utilize the blockchain technology.

You can find more information here 🌳🌟Important AERGO Community links🌟🌳
🌐 Website: https://www.aergo.io
📖 Whitepaper: https://paper.aergo.io/AERGO_Chain_Technical_Whitepaper_V1.0.pdf
💬 Medium: https://medium.com/aergo
Twitter: https://twitter.com/AERGO_IO?lang=en
📤 Telegram: https://t.me/aergoofficial

My Details

👤Name: Iliyasu Abdullahi
📩eMail: [email protected]
🌐Twitter: https://twitter.com/abdulyasu

Also Read;

✒ A blockchain fight for the spot: Ethereum Vs Aergo
✒ AERGO: A Blockchain Model For Businesses