The AERGO and its Changes to our current Blockchain network

in #aergo6 years ago

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The introduction of the blockchain technology into our lives has paved way for a lot of applications as well as integration in most of our essential activities.
The blockchain technology gave rise to the first ever cryptocurrency called Bitcoin which was a very simplified P2P Network and as technology advances, we experienced a lot of development in this technology which will allow it to gain a lot of mass adoption as well as mass integration. The latest blockchain technology as the features that allow developers and other users to build integrated apps called dApps and it facilitates the usage in a lot of commercial and enterprise solutions but this isn't sufficient. There is the need for the easy and efficient service to allow for the growth of this network and this will need a very significant change in the blockchain architectural structure.
One of the major characteristics of this blockchain technology that allows it to be unique is its decentralized nature and this feature is one that allows it to be transparent as well as accessible to anyone and disallowing anyone from tampering and changing data as such in the network.
But the current blockchain network has a numerous flaws and a few examples of them include

  • Insufficiency in its scalability which makes the current blockchain network inadequate to handle large amount of data and it will experience slow transactions which disallows it from being easily integrated into a lot of use cases.

  • There is also the invulnerability issue that makes the blockchain network unreliable as hackers are working day and night to find loop holes in the current network.

  • There is also the lack of interoperability that makes it hard for developers to create applications that can integrate numerous use cases..

These challenges poses a problem to the current blockchain network and call for a change or evolution of the space.

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The Aergo Platform

This is a platform that was designed to handle and tackle most of the challenges that faces the current blockchain technology and make it more easier to integrate into enterprise models. This platform makes that possible with the improvement on the architecture of private and public blockchain in order to create a very easy and applicable public blockchain. This project is an open source and it makes use of the following technologies

  • The SQL language that will be utilized to create the smart contracts for the blockchain network
  • The Side chain technology that makes use of a limited operating costs and less costs.
  • The Consensus Algorithm called DPOS which will improve its scalability as well as a very increased performance. This will allow for a very high stability of the network.

AERGO will be the future of blockchain technology that will allow for the simplified integration into enterprise solutions. It will also be one of the major technical infrastructures and models that will also be used in a lot of use cases by developers.

The Brains behind Aergo

The AERGO platform was made possible by a team of skilled professionals in various sectors and they include Yun Woo Park, Sung Jae Woo, Pierre-Alain Ouvrard, Kyung Tae Lee and Bernardino Ramos.

Conclusion
So the coming of the AERGO platform will allow for the simplification in its integration of the blockchain technology into various enterprises and industrial applications and use cases and this will forever change the face to the current blockchain technology.

For more information, please visit:

Telegram community group: https://t.me/aergoofficial
Telegram announcement channel: https://t.me/aergoannouncements
Twitter: https://twitter.com/AERGO_IO?lang=en
LinkedIn: https://bit.ly/2JLmPmB
Medium: https://medium.com/aergo
Youtube: https://www.youtube.com/channel/UC89mrQJfwt_5nxeERHTlCEg
Kakao: https://bit.ly/2NPxvWJ
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Author - hamzeto
https://bitcointalk.org/index.php?action=profile;u=1189991
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