Good day dear subscribers of my blog! Today i will be introducing a very interesting project that shows a very good result. The project is dedicated to solving many of the limitations of Blockchain technology and as well known to be the 4th generation of blockchain enterprise.
As some of you already know, I write only about projects that carry truly interesting and very promising ideas. I will be discussing the advantages and plans for further development, But before that , I will briefly write on some of the Limitations of Block chain technology.
We know the internet is one of the most astonishing invention of mankind, it Paved way for new opportunities such as blockchain technology . The blockchain technology is born and implemented through the internet.
Back in 2009 blockchain technology was developed, and since then it has undergone massive development .
Blockchain technology it's seen by many as the most disruptive technology in this modern age, and as a result the digital world in the past few months is gradually revolutonalising to a decentralised ecosystem with the existence of Blockchain Technology.
The advent of Blockchain technology
has accelerated so many ideologies. Its core value and security way of handling transactions over a distributed network has made it such an extraordinary technology to be explored.
The first generation of blockchain known as Bitcoin ushered in the world of cryptocurrencies thus making transactions occuring on a peer-to-peer basis, while the second generation known as Ethereum ushered in, and with smart contracts.
Ever since then, blockchain technology has been breaking grounds and disrupting systems and setting in new solutions to the existing problems in the world but there are certain limitations that hinders block chain performance, some of which are
Scalability- With each passing day , technology are advancing, and as such the current blockchain needs to advance with it , so as for it to be able to support large big tech infrastructures.
Privacy - Blockchain governed businesses need to upgrade to a better data privacy model than, what we presently have, because hackers are learning on how to bypass the security of blockchain technology with each new technology that it's being developed
Difficulty in IT Integration and Software Development:
Many Businesses have integrated to the use of digital technological advancements to improve their services, but the problem is that implenting blockchain tech into an existing business is very difficult and very cost.Adoption -
Statistics shows that only about 0.03 percent of the world knows about blockchain technology, which is very small compare to the total world population, its indeed a major issue in the sense that, when there is lack of awareness, there won't be any body making use of new technology, projects need to be understood to know it's weakness and strength.
With all the above-mentioned limitations hindering the full performance and integrated of blockchain technology, a project unique in all ramifications is develop to solve some of these problems.
INTRODUCING AERGO
Aergo is a protocol that aims provide an ecosystem that will allow businesses to use the blockchain in their day to day activities, its the proof that blockchain technology is coming to revolutionize the world . A careful analysis of the blockchain technology shows that it has different generation, the likes of bitcoin and ethereum.
Aergo is a 4th generation blockchain protocol, which means its focus on the betterment of blockchain technology such that it will drive cryptocurrency to mainstream and also has some features that are advanced in technology than the 1st 2nd and 3rd generation of blockchain technology.
Aergo also focuses on deploying , managing and designing both private and public blockchain . It aims to create a seamless decentralized ecosystem that's not just focusing on technology and cryptocurrency industry, but virtually all technologies combined to our businesses. Aergo proposes a simple and very effective, seamless integration of blockchain technology into our very system of living,
thus creating an advanced modernized view of the entire industries of the world and also building trust in businesses. Aergo will enable the development of dApp" programing easier, AERGO's blockchain will be an open source thereby making it decentralized. The development of Aergo Platform will enable every one to have the privilege of developing it's own blockchain using it's cloud. Aergo plans to do all this by implementing
some features and components that are high tech and research-proven to tackle the problems of blockchain technology .
Components of AERGO project
AERGO project consist of three main parts, which are
AERGO CHAIN
The aergo chain mainly contains all the protocols supposedly to interact with the platform and full nodes of all enterprise blockchains that are run by nodes of block producers. AERGO Structured Query Language (SQL)." It will be performed based on the algorithm of DPOS (Delegated Proof of Stake) and it will be compatible with Ethereum Virtual Machine. In order to accelerate the performance of blockchain system a parallel processing will be used. Aergo file system will be based on Facebook’s Hystack.
AERGO HUB
The Aergo hub is a public interface of Aergo chain. it's responsible for connecting the public and private repositories and dApps and Aergo chain. It will serves as a store for all all private and public informations and resources needed by all classes of users of the blockchain.
Developers and companies will have the ability
to run their application with its assistance.
AERGO MARKETPLACE
It's an online market of applications, software and services optimizing the performance of applications. AERGO Marketplace is a an embedded online store where you can access application software and loaded computing resources to build you dAPPs or projects you intend to deploy on AERGO's chain.
TEAM
The AERGO team comprises of experts having a high level of blockchain experience, with some of them holding a positions at Blocko, the team is well organised and have high depth of knowledge about technical and businesses.
PARTNERS
CONCLUSIVE THOUGHT
Aergo the 4th generation of blockchain offers new solution to blockchain limitations so as to develop a better ecosystem that supports dapps for large industrial applications and businesses, The fact that AERGO blockchain use a hybrid structure makes it distinctive over the existing blockchain. The project is quite amazing and it's well known in the crypto space.
I think project like aergo will lead blockchain tech into mass adoption and will give cryptocurrency a step further to mainstream adoption.
For More Information, Visit AERGO' Social Pages
Telegram Group
https://t.me/aergoofficialTelegram
Twitter
https://mobile.twitter.com/AERGO_IO?lang=en
Medium
Github
Website
WhitePaper
https://paper.aergo.io/AERGO_Whitepaper_v5.2.pdf
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