The blockchain is the key component of modern dApps – it’s being deployed in majority of projects. Being failure proof, 100% secure, fast and versatile, it’s a great alternative to the traditional programming approach and payment patterns. Public blockchains, such as Ethereum and Bitcoin, are quite easy to implement. However, not all blockchains are created equal, and today we will find out how Aergo differs.
What’s the problem with the current blockchains?
Most public and private blockchain projects rely on the 3rd generation of this technology and are still in the ‘technological infancy’. Typically, projects have to focus on one kind of blockchain, but even such an approach is still challenging: most systems lack developer-friendliness and some solutions are not easy to combine with software.
What does the blockchain of the 3rd generation lack?
- Versatility and easier deployment in projects of different niches.
- Agility and higher speed of transaction processing.
- Control over the instruments and development process.
- Ability to be developed with the pace of open source projects.
Thus, despite the fact that generation 3 blockchains are technologically advanced, they’re still not convenient enough to serve as a foundation for third-party dApps.
What is the Aergo project?
Aergo offers the 4th generation of blockchain being an ‘enterprise ready’ solution. The project relies on more sophisitcated technologies and leverages a great ecosystem of apps, providers and technology. Although it’s a decentralized and open ecosystem, it can serve to create private corporate environments.
Here are the key differences between the blockchains of 3rd and 4th generations:
| 3rd generation | 4th generation |
|---|---|
| Blockchain nodes work on commodity hardware. | Works on server grade hardware with abundant storage and lots of computing power. |
| Apps run in a cloud. | Provides both cloud and bare metal facilities at companies’ disposal. |
| Only a few nodes are involved. | Thanks to a large number of involved nodes, the ecosystem is easier to scale. |
| The system depends on its own assets only. | Email, SMS, databases and other public data can be integrated into the system. |
When it comes to blockchain of the 4th generation, businesses enjoy a wider range of functions and have a better control over the operations and infrastructure. It solves the above-mentioned problems efficiently and offers an alternative to traditional app development approach.
What the platform consists of?
To understand how Aergo works, look at the three layers underlying the entire network:
- Aergo Chain. This is the public networks of blockchains that can be combined for the creation of apps and programs.
- Aergo Hub. It serves as the interface to the Aergo proprietary blockchain. Using it, customers can create apps and implement basic features of Aergo network.
- Aergo Marketplace. This is the store where users can purchase software apps, computing resources and all the rest to sustain functioning of Aergo chain.
About AERGO SQL Smart Contract
Together with different advanced instruments and functions, Aergo offers its proprietary AERGOSQL tool for smart contracts. This smart contract foundation uses the relational data model and provides tools that are familiar for enterprise developers. AERGOSQL reminds of SQL scripting language at its core, and the smart contracts are written in the same well-known SQL syntax. To boost performance, AergoSQL uses the LLVM technology, WiredTiger7, and JIT compilation.
Interestingly, every contract can be executed by other smart contract instances and a client-actor. Therefore, unlike all other projects, AERGO allows for interoperability between different smart contracts.
Advantages of Aergo
Why considering to develop projects on Aergo blockchain? The following aspects make it a super choice:
- Perfect scalability. With Aergo, developers can scale both in quality and quantity.
- Protection of data. Businesses should keep employee and customers data safe and secure. Thanks to encryption, the data is protected against hackers and cannot be compromised.
- Interoperability. With Aergo, developers are free to use different smart contracts, integrate social media and messengers and even use propriety interfaces.
- More freedom of experimenting. Users enjoy a wide range of tools and can implement Aergo solution for projects of any specialization.
- Two approaches to data storage. The dApps created on the basis of Aergo are more self-reliant, they have richer functionality and use both cloud and hardware data storage.
Conclusion
Using both enterprise and public architectures, Aergo combines the best from all previous blockchain generations. It presents a comprehensive approach to the creation of blockchain-based projects: from now on, developers are free to benefit from several smart contracts and different types of data processing and storage.
Is this project promising? Blocko, the parent company behind Aergo, invests heavily into development and promotion. It aims to create commercial blockchain infrastructure for such industry giants as Samsung, Cisco, etc.
Refusing to organize a typical ICO, Aergo has attracted major investors from all over the globe. Instead of selling the issues tokens the company will allocate 50% of them during public TDE (token distribution event). This way, each of 3.275 community members will get around $250-2,000 in AERGO tokens. The second part of tokens will be given to the contributors in the second program which is organized simultaneously.
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