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With blockchain technology and cryptocurrency gaining traction, the emphasis on decentralized applications (dApps), smart contracts, and other blockchain-driven tools is stronger than ever. As both emerging and established businesses consider the blockchain transition, infrastructure becomes crucial. Here's where Aergo steps in, offering a robust platform tailored for this paradigm shift.
What is Aergo
Aergo is an open-source hybrid blockchain platform tailored for dApps and smart contracts. Promoting itself as the blockchain for everyone, Aergo seeks to foster business efficiency and innovation across both public and private sectors. The platform is designed to be developer-friendly, ensuring optimal performance, scalability, and security.
The Aergo team
Aergo was developed by Blocko, a renowned South Korean blockchain firm backed by Samsung. Blocko has a track record of deploying blockchain solutions for notable clients, including Hyundai Motors, Korea Exchange, Shinhan Bank, and Lotte Card. At the helm of Aergo is Won-Beom Kim, founder and CEO of Blocko.
How does Aergo work
Aergo, building upon the core technologies of Blocko, aspires to become a staple in mainstream IT structures for app developers and enterprises. Utilizing the LUA – a well-understood and user-friendly structured query language (SQL) – the platform facilitates developers in seamlessly integrating blockchain into their applications. Further enhancing its appeal, Aergo employs the Delegated Proof of Stake (DPoS) consensus algorithm, ensuring scalability. The platform boasts a transaction speed exceeding 10,000 TPS, achieving finality in 7 seconds and a minimal fee of $0.001 per transaction.
AERGO tokenomics
AERGO is an ERC-20 token that operates on the Ethereum blockchain. It has a total and max supply of 500 million AERGO. AERGO is designed to serve enterprise-grade solutions. It can be used to pay fees, execute smart contracts, and stake for more rewards.
Distribution of AERGO
AERGO was distributed as follows:
- 30 percent offered for sale
- 33 percent set aside for community incentives
- 10 percent held by the Aergo founders
- 12 percent went to advisors and key backers
- 15 percent went to Aergo’s staff
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