Aergo

Aergo

Aergo AERGO Rank #410

All about Aergo (AERGO) Token - What is it, price and risks

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What is Aero? Aergo describes itself as an open source enterprise blockchain platform optimized for hybrid deployments, consisting of licensed and permissionless blockchain architectures. It includes support for SQL which enables easy data management and familiar smart contract programming for developers. The platform is built and used by Blocko, the Samsung-backed South Korean blockchain technology company that, according to Korean media sources, has implemented manufacturing blockchain solutions for large-scale clients, including Lotte. Card, Shinhan Bank, Korea Exchange, Hyundai Motors and others. . What are your use cases? Designed for enterprise use cases, Aergo provides an infrastructure for businesses and developers to host DApps based on the Aergo chain. Aergo offers a Lua and SQ compatible smart contract engine. The private blockchains on the Aergo platform run on a RAFT algorithm with a proof-of-authority consensus mechanism, while the public blockchain network, the Aergo core network, runs on a proof-of-stake mechanism. Byzantine fault tolerant delegate. To vote for and manage block producers, users can use the platform to pay enterprise-grade cloud providers, such as large telcos, to host their private blockchains on dedicated nodes. Future Blocko services will be based on Aergo Enterprise products that require AERGO tokens to function. An example use case includes a solution implemented by Lotte Card to verify credit card fingerprints. The solution was built using a version of Aergo's Lua smart contracts with SQL integration, which reportedly saved 90% of manual security fees for fingerprint authentication on the Lotte card. Clients include POSCO, the Korea Stock Exchange, Shinhan Bank and Hyundai Motor Group.