Aergo is an open source hybrid blockchain smart contract platform for decentralized applications. In this article, as Koindeks.com, “What is Aero?” We will answer the question. In addition, we will touch on other issues that are curious about the project.
What is Aero? What’s the use?
Aergo is an open source enterprise blockchain platform optimized for approved and permissionless blockchain architectures. It relies on SQL for easy data processing for developers and smart contract programming. At the same time, Aergo provides an infrastructure for businesses and developers to create DApps on the Blockchain. Private and public Blockchain work on different consensus mechanisms, especially on Aergo’s platform. Private Blockchain runs on the RAFT algorithm based on the Proof of Authority consensus system.
The public Blockchain network also runs on the Byzantine False Tolerant Represented Proof of Stake system. Aergo was built by Samsung-backed South Korean blockchain technology company Blocko. Aergo’s particularly prominent customers include Shinhan Bank, Hyundai Motors and Korea Exchange. AERGO Coin is Aergo’s local Token. The token is hosted on the Ethereum Blockchain. It is used to distribute smart contracts on the platform, place bets and pay for services. Aergo token is supported by Trust wallet, MetaMask and Binance Chain Wallet.
How does Aero work?
The public Blockchain network is referred to as the Aergo mainnet, while all the private Blockchains on the platform are known to run on the RAFT algorithm working with a Proof of Authority consensus system. In particular, the platform is working on “Byzantine False Tolerant Delegated Proof of Interest”.
Also, to vote and manage block producers, users on the network use Aergo to pay enterprise-grade cloud providers such as large telecommunications firms to host their private blockchains on private nodes. Not only that, Blocko’s future services are also known to rely on Aergo Enterprise artifacts that require AERGO Tokens to operate. As a result, Aergo is an open platform that allows businesses to create innovative services as well as various applications by sharing data over distributed and unsound IT ecosystems.
What is Aero? How to buy AERGO?
The platform is currently trading on many cryptocurrency exchanges. The exchanges that Aergo processes are listed as follows: Binance, OKX, MEXC, KuCoin. Users who want to invest in the project must open an account on one of the exchanges.