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Aergo

AERGO

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About Aergo

AERGO is an Ethereum token for the Aergo protocol, which aims to allow enterprises and developers to design, build, and deploy blockchain applications on public or private networks. AERGO tokens can be used for deploying smart contracts, staking, and for paying for other services on the Aergo platform.

Aergo is an open-source enterprise blockchain platform that seeks to optimize hybrid deployments, which consist of both permissioned and permissionless blockchain architectures. It is designed to support SQL, allowing for easy data handling and familiar smart contract programming for developers. Aergo is built and utilized by Blocko, a South Korean blockchain technology company backed by Samsung. Blocko has reportedly deployed production blockchain solutions for large-scale clients including Lotte Card, Shinhan Bank, Korea Exchange, Hyundai Motors, and more.

Aergo operates as a hybrid blockchain platform, supporting both public and private blockchain architectures. It offers a smart contract engine that supports Lua and SQL, making it accessible for developers. Private blockchains on the Aergo platform run on a Proof-of-Authority consensus mechanism powered by a RAFT algorithm. The public blockchain network, the Aergo mainnet, operates on a Byzantine Fault-Tolerant Delegated Proof-of-Stake mechanism. Users can use the platform to pay enterprise-grade cloud providers, such as large telecommunications firms, to host their private blockchains on dedicated nodes.

Aergo is designed for enterprise use cases, providing infrastructure for enterprises and developers to host decentralized applications (DApps) based on the Aergo Chain. It seeks to offer a solution for businesses to save on manual security expenditures for authentication processes. For instance, a solution deployed by Lotte Card for fingerprint credit card verifications reportedly saved Lotte Card 90% of their manual security expenditures. Other potential use cases include deployment in large-scale clients such as POSCO, Korea Stock Exchange, Shinhan Bank, and Hyundai Motor Group.

Aergo was introduced as a project that seeks to provide an ecosystem of complementary decentralized applications, technologies, and service providers that leverage secure cloud delivery models. The technology behind Aergo is based on COINSTACK from Blocko Inc, a blockchain technology and enterprise IT integration-services company with operations in the UK, South Korea, and Hong Kong. COINSTACK-based blockchain systems have already been deployed to 25 million users in over 20 in-production systems. Blocko has prepared and developed some of the core key technologies for Aergo.

Aergo's hybrid blockchain strives to improve operational efficiency and explore new opportunities for both public and private projects. One of its distinctive features is its smart contract platform, which aids developers in coding smart contracts with LUA(SQL) and employs blockchain-friendly technologies to accommodate various needs. Aergo's hybrid blockchain architecture features a scalable structure, with the capacity to process over 10,000 transactions per second at a minimal cost. This scalability positions it as a potential alternative for decentralized finance (DeFi), non-fungible tokens (NFTs), gaming, and other assets. Aergo's network is open-source, incorporates security measures, and utilizes both public and private blockchain cloud architecture, providing a platform for businesses to interact with other projects.

The AERGO token plays a role in the Aergo network by facilitating transactions and operations. It serves as a medium of exchange within the Aergo ecosystem, allowing users to utilize it for access to various services such as technical support, computing resources, and Hub services. The token is also used in the Delegated Proof of Stake (DPoS) consensus mechanism of the Aergo network. In this context, token holders can participate in the selection of delegates who validate transactions and create new blocks on the network. Additionally, the AERGO token is used to execute smart contracts on the Aergo platform. This means that developers and businesses need AERGO tokens to interact with and execute these contracts. The AERGO token is essential to the functioning of the Aergo network, enabling transactions and operations.

Aergo aims to tackle the issues of data privacy and confidentiality within its blockchain ecosystem by implementing a hybrid design. This design strives to allow companies to maintain data privacy while also aiming to utilize the transparency inherent in a public blockchain. The design intends to give businesses the ability to control access to their data, with the goal of ensuring that sensitive information remains confidential. Aergo supports smart contracts and decentralized applications (DApps), which aim to provide an environment for integrating blockchain solutions into various business operations. Aergo's native token is designed to facilitate transactions within the network. The platform aims to adhere to data protection standards and employs data management capabilities, with the goal of ensuring the privacy and confidentiality of user data.

Aergo's SQL-based smart contracts aim to streamline the development process for enterprise applications by utilizing the familiarity of SQL. SQL, or Structured Query Language, is a language used for managing and manipulating databases. By integrating SQL into its smart contract engine, Aergo allows developers to apply their existing SQL skills to create decentralized applications (DApps) on the Aergo platform. This flexibility has the potential to lessen the learning curve and development time typically associated with creating blockchain-based applications. Aergo's SQL-based smart contracts are designed to support a relational data model, which may provide alternative methods to access and manipulate data stored in ledgers compared to procedural methods. This could potentially contribute to the development of enterprise applications.

Aergo is designed with the intention to enable decentralized applications (DApps) to function across both public and private blockchains, aiming to accommodate developers' needs in a diverse blockchain environment. One of the key interoperability features of Aergo is the Merkle Bridge, a design that seeks to allow for simple and secure interoperability between sidechains on Aergo, and also aims to bridge with Ethereum. This aims to facilitate the interaction of ERC20 tokens with the Aergo mainnet, potentially expanding the platform's functionality. Aergo also supports SQL and common script languages, with the intention of accommodating the integration of developers' applications with the blockchain. And, Aergo's core technology is designed with the intention of wide acceptance and interoperability.

Market

Singapore Market Stats

Market cap

S$75.5M

Volume (24h)

S$8.7M

Circulating supply

445.0M AERGO

Typical hold time

8 days

Popularity

#556

All time high

S$0.76

Price change (1h)

+1.4%

Price change (24h)

-0.73%

Price change (7d)

-12.61%

Singapore News about Aergo

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BeInCrypto • May 01, 24

Crypto Security Exploits See 141% Drop in a Month

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Decrypt • May 01, 24

Tether Netted $4.52 Billion Q1 Profit Thanks To Bitcoin Gains

Tether’s Bitcoin investment is paying off, achieving much greater profit than the company’s immense bond portfolio.

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Aergo is on the decline this week.

The price of Aergo has increased by 1.40% in the last hour and decreased by 0.73% in the past 24 hours. Aergo’s price has also fallen by 12.61% in the past week. The current price is S$0.17 per AERGO with a 24-hour trading volume of S$8.70M. Currently, Aergo is valued at 78.01% below its all time high of S$0.76. This all-time high was the highest price paid for Aergo since its launch.

The current circulating supply of Aergo is 444,999,999.759 AERGO which means that Aergo has as total market cap of 444,999,999.759.

FAQ

What is the current price of Aergo?

We update our Aergo to SGD currency in real-time. Get the live price of Aergo on Coinbase.

What is the market cap of Aergo?

The current market cap of Aergo is S$75.48M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Aergo?

The all-time high of Aergo is S$0.76. This all-time high is highest price paid for Aergo since it was launched.

What is the 24 hour trading volume of Aergo?

Over the last 24 hours, the trading volume of Aergo is S$8.70M.

How many Aergo are there?

The current circulating supply of Aergo is 445 million.

What is the typical holding time of Aergo?

The median time that Coinbase customers hold Aergo before selling it or sending it to another account or address is 8 days.

What is the relative popularity of Aergo?

Aergo ranks 228 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Aergo?

Currently, 75% of Coinbase users are buying Aergo. In other words, 75% of Coinbase customers have increased their net position in Aergo over the past 24 hours through trading.

Can I buy Aergo on Coinbase?

Yes, Aergo is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Aergo guide.