AERGO includes a new blockchain protocol, advanced and easy-to-use development tools, and the most advanced dApp deployment and management framework.
The formation of AERGO?
Let’s look at Blocko (https://blocko.io). Argo was built by Blocko, a company specializing in providing business solutions in Korea. Blocko is widely used by many businesses that allow dApps developers to easily on private blockchains. Many people think that Blocko knows what businesses need, but the Ethereum Virtual Machine (which Coinstack relies on) is not compatible with existing business architecture. Blocko needs to create a public network to connect all of their clients’ own strings / applications to the public blockchain. AERGO was created to provide a completely new public blockchain network, so that developers can use more flexible and scalable.
Why is AERGO called the FOURTH blockchain? — WHAT IS CONCEPTS?
The structure of the repository is the same as Git-a public-private model. Businesses need to be able to store sensitive data and privacy on the network without compromising confidentiality. With the git-like structure of the system and DDS tracking information maintained, only authorized entities can access the repository to view the data and access the corresponding blocks. Blockchain is currently not perfect for existing businesses because they lack control over features and development, meaning that the current blockchain lacks good throughput and scalability. The private blockchains, though tried to match these needs, these also require a lot of infrastructure costs and lose the ability to grow at the speed of open source. With third-generation technologies, almost all public and private models are immature, many of the technologies lack the enterprise-level capabilities necessary to run real business applications. Thus, “AERGO is a fourth generation blockchain platform that is ready for businesses to take advantage of and expand both public and private blockchains as well as cloud architectures. It opens the new era of blockchain technology, where blockchain businesses can benefit from both public and private blockchain while still managing services and trading under different protocols. “
=> The technology behind ARGO will be open source as it is actually an open and hierarchical system. AERGO uses a SQL-based smart agreement that not only allows management, but also allows the implementation of an isomorphic contract, not found in any SQL scripting language.
See the description in the diagram illustrated below.
Technology of AERGO
AERGO intends to leverage and build upon Blocko’s existing COINSTACK platform, which is a fully supported enterprise product that has been adopted by many of its existing clients. AERGO aims to provide a complete framework for developing, orchestrating and deploying dApps on secure and high-performance cloud architectures. Blocko will also help to cultivate a technology and supporting partner “ecosystem”. The key stakeholders in the AERGO ecosystem include any type of business wishing to use blockchain and their developers; as well as the IT contractors, infrastructure and service providers that provide value-adding services. AERGO also intends to support open source developers who wish to use, develop, incubate and extend core features and projects within the AERGO technology stack. AERGO proposes not only be open-source friendly, it will be open source. Attracting new ideas and projects to extend the value and utility of the AERGO ecosystem is a key principle for this initiative. The ecosystem partners will include special programs to support teams and research projects to enable these innovations. The core elements of AERGO are shown below. Together these elements form the AERGO platform.
- AERGO CHAIN: a public internet of blockchains.
AERGO created to determine a number of the missing blocks that Blocko must be: Blocko working with the business, but need to the animation and the special point for the their requests.
AERGO Chain is a proposed new protocol consisting of a global public decentralized network of enterprise blockchains run by node providers. It intends to contain AERGOSQL, a new canonical smart contract engine to easily create advanced smart contracts to enable innovative business products and services. In summary, AERGO Chain can conceptually be considered to be an open source blockchain operating system.
2. AERGO HUB: the public interface into the underlying AERGO Chain.
AERGO Hub aims to work with and connects secure dApps with AERGO Chain.The dApps that are created are intended to be stored in one of two repositories:
- AERGO Public Repository, is a shared, open and decentralized underlying infrastructure for dApps.
- AERGO Private Repository, is a controlled, secure and private infrastructure for dApps. This aims to achieve access control, application security and performance, data compliance, as well as quality of service (“QoS”) that are required for enterprise 8 IT systems.
Both types of repositories inherit the industry tested implementation frameworks and API compatibility of COINSTACK, proven with clients across the globe. In summary, AERGO Hub is conceptually very similar to techniques found in current public cloud web services.
3. AERGO MARKETPLACE: a proposed one stop shop for software applications, computing resources and other services optimized for AERGO Chain.
- AERGO Marketplace software, computing and other services are intended to run on or work with AERGO Chain as part the ecosystem that supports the AERGO Platform.
- These partner services are accessed via the AERGO Hub public interface.
- These services are intended to be managed via AERGO Horde
AERGO is a leading blockchain platform for businesses, the team is eligible to expand. Most of the blockchain-related team members, all of whom work in Blocko, create Coinstack, a blockchain as a service solution for large businesses such as Lotte Card, Shinhan Financial Group, Hyundai. , and (20+) more. Businesses are smart, though they are not among the top 50 pre-encoded markets.