WHAT I THINK THE BLOCKCHAIN IS.
A blockchain is a secure and immutable chain of blocks containing data which are linked together with the aid of cryptography and are not subject to any central supervision. If you aren't aware, the blockchain is the future and the possibilities that come with it overwhelming. Blockchain technology is capable of revolutionize everything including how we vote in elections, cyber security, the banking sector, the food industry and so much more. You remember the saying"If you can't beat them, you had better join them"? You can't beat it, so you had better hop on this bandwagon before you lose the chance of making something huge for yourself out of this new wave.
WHAT IS AERGO?
Aergo is a 4th generation blockchain platform which is aimed at granting developers as well as businesses the ability to easily create applications based on their requirements on its cloud, while granting them autonomy over these applications they have created. It is a multipurpose platform which is compact and flexible in design and thus capable of bringing both public and private blockchains together.
Photo Credit
Aergo consists of three main architectural functions which are
- Aergo Chain
- Aergo Hub
- Aergo Marketplace
Photo Credit
Aergo Chain: This is a public blockchain protocol which is aimed as reducing the difficulties currently associated with publictocol. blockchain pro is to function on the DPOS (delegated proof of stake) consensus but can be tweaked to run also run on the proof of work and proof of stake consensus to satisfy the diverse needs of the users. To make it more user friendly, it has smart contracts which are SQL-based.
Aergo Hub: This is a blockchain hosting service which will serve as public interface into the Aergo blockchain where computing power with which to run the decentralized applications can be obtained. Dapps can be connected to one another and stored either on the Aergo public repository or Aergo public repository, thereby increasing the ease of accessing the dapps. It aims to offeradvanced services which include a database which is devoid of a server, support for software microservices, a smart gateway to intelligently direct transactions into a blockchain, etc.
Photo CreditAergo Marketplace: This will be the Walmart of the Aergo ecosystem. When in need of computing assets such as algorithms, computing power, storage, etc, this is your "go to" area. Something close to peer to peer traditional cloud marketplace is aimed at being implemented, with the added benefit of easy entry for Aergo users. The Digram below gives a summary of how the Aergo marketplace works.
Photo Credit
Is There A CRYPTOCURRENCY ON THE AERGO BLOCKCHAIN?
The answer to the question above is "Yes". A currency known as the Aergo token will be available to serve as a legal tender on the Aergo platform, granting any entity holding any fraction of it access to services available on the Aergo platform such as reward for DPoS, running smart contracts, etc. There is a total token supply of 500 million. 30% of this is allocated for sales, 10% is allocated to the advisors and key backers, 25% is reserved for the token issuer, the advisors and key backers get 10%, while 30% is reserved for strategic partners and the Aergo community incentives.
MY OPINION ABOUT AERGO
One thing that scares us all is "dump" and we won't see this with Aergo as it is defined to only be useful to people who really understand the platform. It is designed for the business world and the normal people and from what I see about it, it will be the bomb, trust me on that one.
White Paper
Medium
Telegram
[Github}(https://github.com/aergoio)
To Sign Up