AERGO Blockchain

AERGO BLOCKCHAIN

Intro

The authors of the idea intend to create a blockchain protocol with open source code, which will be a “ready-made enterprise”. Using the Aergo ICO platform, companies and developers can easily create and deploy their applications in a blockchain and cloud environment. They will have a choice of both public and private chains. The creators of this South Korean project argue that their blockchain is a fourth-generation technology and can solve the problems of IT integration, software development, confidentiality, scalability and interoperability faced by existing blockchains.

Team

The project is a rather large international group of experts of an older age than the creators of most other projects. It is worth considering this as one of the advantages, since we are talking about developers with a lot of practical experience. In addition, most of them work exclusively on the implementation of Aergo and is not used in parallel in other projects. The Aergo team includes 6 main developers, 13 advisors and 4 business specialists.

AERGO Team

Main features of the project

The Aergo project is based on a fourth-generation block protocol. The platform is designed to serve mainly corporate needs and will be called Aergo Chain. The goal of the project is to create a distributed, secure, scalable and public block chain. Its creators position their idea as the future basic IT infrastructure, on the basis of which thousands of applications will be created.

The company-developer in the IT-sphere Blocko Inc., founded in 2014, is responsible for most of the development and support of the project. She has four years of experience in the field of blockchain technology and will introduce her basic Coinstack technology into the platform. It is based on the virtual machine Ethereum.

The software developed by Blocko’s specialists is used mainly in South Korea. Large companies using bank payment systems are the key users of Blockin Coinstack software, serving millions of people.

Blocko actively cooperates with such companies as Cisco, Hyundai-Kia Motors, KRX Korea Exchange, IBM, Microsoft Azure, SK Telecom, Lotte Card, Samsung SDS, LG CNS and others.

The platform it develops is aimed at developing the ecosystem of dApps, technologies and service providers that use reliable models in the field of cloud computing. Thus, the company intends to increase the corporate use of block chains.

In addition, Blocko created a special unit called Blocko XYZ to develop the first dApps for Aergo.

Over the past few years, the company has managed to attract almost $ 5 million to finance the early stage of development of its idea. Last month, she managed to raise another $ 8.9 million.

Platform Architecture
The developers intend to create a fast and scalable block-protocol, ready for corporate use. The platform will unite three main components:

Mechanism of the ecosystem
-Aergo Chain.

-Aergo Hub.

-Aergo Marketplace.

Advantages of Aergo

The development of the platform was not started from scratch. Most of the platform is based on Coinstack, which has passed a successful test on millions of users.

Developers will be able to access a wide range of programming languages, such as SQL, C ++, Golang, JavaScript and Python. This contrasts with Ethereum, the largest currently smart contract platform, which requires developers to write code solely on Solidity.

Roadmap

Token Metrics
The start date of the main public stage is October 1, 2018. Tokens will not be sold, they will be distributed among the supporters of the project for a total of $ 3 million (per person from $ 200 to $ 2000) for their contribution to development. It is known that the total number of tokens for remuneration will be 500 million. Everyone can participate in the program of rewards and get a bonus for free. Registration and conditions by reference — https://get.aergo.io

Token distribution:

ICO — 30%;

-company reserve — 25%;

-development team — 5%;

-advisers and supporters — 10%;

-support of the community and strategic partners — 30%.

Distribution of funds:

-research and development — 40%;

-marketing — 15%;

-incubation of ecosystems — 30%;

-strategic alliances and business development — 10%;

-other expenses — 5%.