A BRIEF EXPLANATION OF AERGO

WHAT IS AERGO?

AERGO proposes to be a 4th generation — enterprise ready — blockchain protocol combined with an IT platform that uses advanced technologies. The AERGO platform enables enterprises and developers to easily design, build and deploy their own blockchain applications within the cloud. AERGO seeks to be the first to provide features such as SQL, reactivity and isomorphic programming. It will also introduce a new software stack comprised of SQL, AERGO and Meteor. Aergo will serve as a bridge between public and private blockchains, creating a hybrid product using state-of-the-art technology.

Core elements of AERGO are built on technologies developed by Blocko, a blockchain infrastructure provider founded in 2014 with operations in the UK, South Korea, and Hong Kong. Blocko is a leading blockchain firm that has helped some of the world's leading firms to design and deploy real business systems on a secure blockchain. Over the past four years it has learned a lot. Blocko is contributing its core technology to AERGO. It may also deliver future services to the AERGO including consulting and maintenance services to future customers of AERGO.

What is the problem now?

Today, blockchain protocols and applications fail to offer enterprises the scalability, distributed governance and enhanced confidentiality they want without surrendering the inherent security and immutability they demand.

How do Aergo aim to solve it?

We intend to empower the ability to tailor their blockchain deployments to their precise needs. AERGO aims to develop a new blockchain protocol, with advanced and easy to use developer tools and a state of the art dApp orchestration and deployment framework.

The AERGO platform is comprised of three major components: AERGO Chain, AERGO Hub and AERGO Marketplace.

AERGO CHAIN: a public internet of blockchains.

AERGO HUB: the public interface into the underlying AERGO Chain.

AERGO MARKETPLACE: a proposed one stop shop for software applications, computing resources and other services optimized for AERGO Chain.

AERGO intends to be a distributed modern ecosystem built around a high-performance, secure and easy to use public blockchain (that called AERGO Chain). Some of the key features of AERGO are depicted in Figure 1 that follows.

Figure 1: Key features of AERGO

AERGO will be utilizing Coinstack, a permissioned blockchain solution developed by Blocko that enables users to share data with third parties in a secure and efficient manner and has already been deployed to 25 million users around the world. Blocko works with a number of established companies including Cisco, Hyundai-Kia Motors, KRX Korea Exchange, IBM, Microsoft Azure, SK Telecom, Lotte Card, Samsung SDS, LG CNS, etc.

CONSENSUS ALGORITHM

AERGO Chain supports various consensus algorithms and allows its users to define and choose a consensus algorithm to best meet their business requirements. However, the fundamental and default choice consensus algorithm for AERGO is proposed to be Delegated Proof of Stake (“DPOS”).

SMART CONTRACT

AERGO Chain aims to support a well-tested and easy to use multi-paradigm smart contract infrastructure. It includes the Ethereum Virtual Machine.

AERGOSQL

It is the term given to smart contracts operating on and within AERGO Chain. AERGOSQL seeks to offer a relational data model for storing and accessing data and SQLlike scripting language for writing smart contracts.

PARALLELISM

Performance in AERGO is intended to be maximised by a combination of transaction and block-level parallel processing.

TOKEN SUPPLY

A total of 500,000,000 AERGO Tokens will be issued.

TEAM

The team is currently comprised of at least 36 people, including 3 people on the AERGO Board, 3 Committee Heads, 5 on the technology team and at least 25 additional people from Blocko. (You can check the team https://www.aergo.io/team/ )

ROADMAP

Q3 2018
• AERGO Chain Alpha
Q4 2018
• AERGO Chain Test Network
Q1 2019
• AERGO Public Network (Main net)
Q4 2019
• AERGO Hub & Marketplace for businesses and developers

CONCLUSION

AERGO has seen significant interest from our supporters, fans, and enthusiasts from around the world. They received extensive demand in the AERGO token generation event (TGE), with over $750m in allocation requests for private round. Therefore, in order to do an ICO, they decided to do a RewarDrop.

AERGO is one of the all-star projects of 2018. With the current development and dedication, it seems AERGO will be an strong project in the future too.