AERGO- A BRIEF REVIEW

For anyone who felt the urge to open this article, I would like to believe that the word ‘blockchain’ is not strange to you. When you hear this, the first thing that comes to mind is decentralization. Blockchain based systems are built to enable the development of a reliable, secure and lasting records of digital assets and related transactions. However, like every other technological innovations to have come before the blockchain, it is not without its own shortcomings. With the growing acceptance of blockchain technology over the past few years, businesses have still found it very difficult to incorporate this technology into their daily activities even with the implementation of open blockchains like Bitcoin and Ethereum. A major drawback of these open blockchains is that companies require a level of privacy which is not afforded them on the open blockchain network, while on the other hand, building a private structure might have dire financial consequences and even doubts regarding the eventual outcome.

AERGO, in an attempt to speeden up mass adoption and offer a solution which adequately suits enterprises seeking some degree of privacy while cutting costs intends to develop a blockchain protocol which is suited to enterprise needs in conjuction with an IT Network.

INTRODUCING THE AERGO PLATFORM
AERGO brings to the table a 4th generation ‘enterprise-oriented' blockchain which has the capability to work on both public and private blockchain platforms. Aergo provides enterprises with the important dynamism which is needed in building blockchain applications which are performance oriented and highly scalable. The Aergo platform will enable developers and businesses alike to tailor their personal blockchains to suit their specific needs within the cloud. The Aergo protocol also eradicates the problem associated with scalability and interoperability.

AERGO PLATFORMS CORE ELEMENTS

It was clearly stated in the whitepaper that the Aergo platform consists of three major elements. These elements include;
-Aergo Chain
-Aergo Hub
-Aergo Marketplace

The Aergo Chain is a recently developed open internet of blockchains propelled by node providers. The aim is to host AERGOSQL which is also a newly added SQL smart contract system that allows for the easy development of sophisticated smart contracts in a bid to give intuitive enterprise products and services.

The Aergo Hub is the open interface to the underlying Aergo chain. The main function of the Aergo hub is to connect secure dApps with Aergo chain. The concept of Aergo hub is very similar to techniques present in existing cloud web services.

The Aergo Marketplace will serve as the shop for software applications and services optimized for Aergo chain.

AERGO TOKEN INFORMATION
Abiding by the status qou of the vast majority of blockchain projects, the Aergo token will be the means of exchange on the platform. It will serve a vast array of purposes within the platform, which include but not limited to payment for Aergo hub services and as a payment method for assets on Aergo marketplace.

The Aergo token is an ERC20 token with a total supply of 500,000,000. The use of tokens and percentage allocation is stated below;

AERGO community incentives and strategic partners 30%
Proportion of Tokens for Sale 30%
Reserved by token issuer 25%
Advisors and key backers 10%
Employees of token issuer and affiliates 5%

CONCLUSION
From my research so far, the only constant with everyone is the confidence they seem to have in the Aergo Platform. I would say this is a sentiment shared on my part. The team driving this project have identified a long standing problem with the blockchain technology and have devised a means to enhance scalability, privacy and dynamism.

For further information on the Aergo project, you can click any of these links;
Telegram Group: https://t.me/aergoofficial
Medium: https://medium.com/aergo
Twitter: https://twitter.com/AERGO_IO?lang=en
LinkedIn: https://www.linkedin.com/company/teamaergo
Official Website: https://www.aergo.io
GitHub: https://github.com/aergoio
Whitepaper: https:/www.aergo.io/paper

FULL DISCLAIMER- THIS ARTICLE IS NOT INTENDED TO BE A FORM OF FINANCIAL ADVICE