Aergo is an open source hybrid blockchain smart contract platform for decentralized applications. In this article, as Kriptokoin.com, “What is Aero?” We will answer the question. In addition, we will touch on other questions about the project.
What is Aero? What does it do?
Aergo is an open source enterprise blockchain platform optimized for approved and permissionless blockchain architectures. It supports SQL for easy data manipulation and smart contract programming for developers. 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 with Proof of Authority consensus mechanism support.
The public Blockchain network also runs on the Byzantine Fault Tolerant Proof of Stake mechanism. Aergo was built by Samsung-backed South Korean blockchain technology company Blocko. Especially prominent customers of Aergo include Shinhan Bank, Hyundai Motors and Korea Exchange. AERGO Coin is Aergo’s native 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 mechanism. The platform is particularly working on “Byzantine Fault Tolerant Delegated Proof of Shares”.
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 products, which require AERGO Tokens to operate. All in all, Aergo is an open platform that allows businesses to build innovative services as well as applications by sharing data over distributed and unreliable IT ecosystems.
What is Aero? How to buy AERGO?
The platform is currently traded on numerous cryptocurrency exchanges. The exchanges where Aergo is traded 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.
