AERGO: Introducing You To The 4th Generation Blockchain

Intoduction

The novel cryptographic secure digital database of transaction that lack the point of failure and security challenges of existing database was borne out of a form of technology known as blockchain. There are 3 main properties of the blockchain technology; (Security, Transparency, and Trust). This special characteristics has led to the disruption of many business models in every sector, as more and more blockchain oriented products and services are introduced.

However, most of the products built on this viable technology finds it hard to completely execute their blueprint protocols or initiate future growth and development of their products. This create a search for a solution as well as creating a more efficient system that is capable of implementing complex operations and so led to the discovery of AERGO

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What Is AERGO?

AERGO is a proposed new 4th generation blockchain that is aiming to command both public and private deployment of blockchains. They intend to be purpose driven so as to allow enterprise structures to be based on the blockchain. This is done by implementing all new, innovative, and established technical approaches to build a scalable distributed database system.

The AERGO plan is not to only produce a blockchain, but to also create a fully balanced functioning ecosystem that enable businesses and developers to come onboard, thereby fulfilling its promises of bringing business to the decentralized internet.

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Components Of The AERGO Ecosystem

The AERGO platform is categorized into 3 major components known as the AERGO Chain, AERGO Hub, AERGO Marketplace.

AERGO Chain: This is the public internet of blockchain which will comprise of a SQL-based smart contract platform with a potential performance of over 10 million transaction per second using sidechain. The AERGO platform will use a rather more decentralized Delegated Proof of Stake (DPoS) consensus model so as to improve performance and increase network stability. It will also achieve interoperability through the support of the Ethereum Virtual Machine (EVM).

AERGO Hub: This is the public interface of the AERGO chain, that will allow developers to develop, test, manage, and deploy independent blockchains. The component of the AERGO platform is necessarily a web-oriented blockchain hosting service that will provide variety of tools and services, and connect secure dApps using AERGO Chain.

AERGO Marketplace: A p2p marketplace for software applications and computing resources for the AERGO chain. It allows external parties like the service providers, and cloud structure dealers to market their goods and services to AERGO users. This Marketplace is accessed through the AERGO Hub public interface.

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The AERGO Token

The AERGO platform will issue the AERGO token as the platform native token. It will be mainly used as a means of transacting and functioning within the ecosystem.
This token will be utilized as rewards to the platform 3 main providers; The infrastructure providers, The technology providers, and The service providers.

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Conclusion

Personally, I believe AERGO has so much to offer to the business and technology development world if fully implemented, because with AERGO, enterprises can finally develop on the blockchain network with minimal difficulty and cost. This alone underlines their importance and makes the platform amenable to target driven enterprises.

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They seem pretty much interesting right? Read more and follow the Buzz through the following links:

AERGO WHITEPAPER:- https://www.aergo.io/paper/

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