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The subsequent evolutions in the development of currencies is a story the world will never be tired of telling because it is has a lot to do with money, business and general economy. The inception of money started with the exchange of goods (trade by barter) with different then valuables like silver, diamond, gold, been used as bargaining medium, the evolution seem to have cascaded over the years with we now having paper money or notes and just when we thought we ve seen it all blockchain comes with its digital currencies, for some time now (a decade) we ve experienced the power and peculiarities of having a P2P electronic cash system bitcoin courtesy Sir Satoshi Nakamoto. Time and opportunities within this invention have given us all an opportunity to see the power of thee virtual currency with its technological frameworks; However our growing fondness for this technology peculiarities have also not just made life easier but has also shown the grey areas (problems) bothering on scalability i.e. blockchain bitcoin inability to process an average of 7 to 6 transactions every second and ethereum processing just only 20 transaction every second, its decentralization suffers short falls majorly as a result of the big computational power that eventually prompt miners to distribute their processing power over just a network thereby undermining the very essence of its creation, however the evolutions are still on and the world of blockchain certainly cannot be left behind the evolution of the moment may put bitcoin into the history books as AERGO a 4th generation invention enterprise ready, created with blockchain protocol embedded with information technology (IT) platform with top notch technological systems.
The development in AERGO is a 4.0 advanced enterprise invention, it opens up new and Better Avenue for the mass usage and adoption of blockchain. It portends an era where businesses (enterprise) can actually benefit immensely from both private and public blockchain innovation. It gives enterprises (businesses) and developers alike so that they can easily design develop and send their own blockchain applications (hybrid, public and private) all inside the cloud. The AERGO platform operates with three main parts namely:
- AERGO chain
- AERGO Hub
- AERGO marketplace.
AERGO CHAIN: it is designed to operate as a blockchain public protocol that has all it takes to actually mitigate all issues within the purview of blockchain. The consensus algorithm inside within the AERGO chain will be solely delegated proof of stake (DPOS), the DPOS is not just progressive but also effective that can also be used by other very important blockchain creations like ( steem, EOS and Bit shares), it is also a system that offers a very easy to use functionality. The smart contracts within the AERGO chain provides supportive framework for SQL such as scripting languages meant for writing smart contracts. All this enhancements will facilitate the massive adoption of developers and users in their enterprises (business).
AERGO Hub: this arm of AERGO strives to operate with and join much secured dApps with AERGO chain. The dApps created would be stored any of the two available repositories. The AERGO public repository is meant to operate as a shared, open and fully decentralized framework suitable for dApps, it will be used to set up open source projects or rather an automatically developed servers meant to carryout public cloud computing. The AERGO private repository is developed to operate as a controlled as well as secured private framework for dApps. It strives to attain a level of access control, maximum security for applications, data compliance and also ensure the quality of service offered to different enterprise IT systems.
- AERGO marketplace:
It is expected to be a one stop shop particularly for bonafide applications, resources and services for computing, it is also designed to facilitate the AERGO chain services. It is expected to in a not too distant time give third parties other peculiarities like the independent software vendors as well as cloud infrastructure vendors so as to aid them in the process of developing services and products available to all prospective users of AERGO.
PECULAIRITIES OF THE AERGO
The AERGO is designed to operate on the principles and dictates of coinstack2 from blocko Inc. blocko is a foremost blockchain technology and also business info tech integration service based company with high rate of functionality in Hong Kong, South Korea and UK. At the present the coinstack blockchain oriented systems have already been deployed to about 25 million users in about 20 systems. The Blocko blockchain based system stands a great and eventual possibility of its integration with the AERGO chain. Tokens for the AERGO will be provided on a total supply rate of 500,000,000 with a total cap rate of 30 million dollars.
CONCLUSION
The evolutions in the world of blockchain currencies are fully in line with the roadmap of AERGO; however AERGO is poised towards eventually developing a 5th generation of the AERGO with better functionalities and peculiarities .
For more information visit:
Official website: https://www.aergo.io/
Telegram: https://t.me/aergoofficial
Telegram Announcement channel:
https://t.me/aergoannouncements
Twitter: https://twitter.com/AERGO_IO
Medium: https://medium.com/aergo
Linkedin: https://www.linkedin.com/company/teamaergo/
AERGO Whitepaper: https://paper.aergo.io/AERGO_Whitepaper_v5.2.pdf
AERGO CHAIN Whitepaper: https://paper.aergo.io/AERGO_Chain_Technical_Whitepaper_V1.0.pdf
Writer steemit profile: https://steemit.com/@aabu
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