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Aergo
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- Intro
Aergo (AERGO) is a hybrid blockchain platform offering flexible blockchain solutions that integrate both public and private chains. Founded by Won-Beom Kim, the CEO of Blocko, a South Korean blockchain technology company, Aergo was developed to provide a blockchain solution that caters to both permissioned and permissionless blockchain architectures, giving enterprises the flexibility to manage their data and transactions according to their specific needs.
Aergo’s hybrid blockchain architecture blends the benefits of public and private blockchains. Oganizations can create their own blockchains while benefiting from Aergo's public blockchain. The platform provides a public network for decentralized applications (DApps) and private chains for enterprise use, enabling businesses to control sensitive data while still interacting with the public blockchain network. Aergo is built on an open-source framework and supports SQL and traditional programming languages, making it easier for more developers to build smart contracts and manage data.
The platform's architecture includes Aergo Hub, a blockchain hosting service that allows developers to deploy, test, and manage blockchains. Aergo's consensus mechanism is powered by the Delegated Proof of Stake (DPoS) protocol. Aergo's platform incorporates Aergo Connect, a tool that simplifies interactions within its ecosystem, and AERGO Agora, which facilitates on-chain governance and decentralized decision-making processes.
Collaborations with large-scale enterprises, exchanges, and service providers have broadened the platform's use cases and enhanced its adoption rate. Aergo's deployment in real-world solutions, such as fingerprint credit card verification for Lotte Card, highlights its practical applications in enhancing operational efficiency and security.
AERGO is the native utility token of the Aergo ecosystem, and is used for deploying and running smart contracts, accessing additional products or services, and rewarding network participants. AERGO also serves as a payment method for services and assets within the platform, supporting Aergo's economic activities.
The total supply of AERGO tokens is capped at 500 million. The token distribution includes allocations for development, community incentives, and strategic partnerships. Staking AERGO tokens allows users to participate in governance decisions via AERGO Agora.