Are you a blockchain developer looking for an open-source platform to create dApps that can operate on both public and private blockchain networks?
If yes, AERGO is the solution.
In this article, we will learn about the AERGO blockchain, its features, tokenomics, and how you can buy its native token.
What Is AERGO Blockchain?
AERGO is a platform with a reputation for presenting itself as an open-source business blockchain platform optimized for hybrid deployments. It is also rumored to be conditioned for permissionless and permissioned blockchain architectures. AERGO is simply a platform that is used to store data.
Put another way. It is common knowledge that the AERGO protocol is centered on enabling businesses and developers to construct, design, and deploy blockchain-based applications on private or public networks.
Additionally, AERGO offers support for simple data management and a programming language for smart contracts that developers are already familiar with. In addition, the platform above was developed and utilized by Blocko, a blockchain technology company based in South Korea that Samsung backs.
What Is an AERGO Token?
AERGO is the native utility token of the AERGO platform. AERGO tokens can be used for multiple purposes. You can stake them, deploy smart contracts, or use them for payment. In addition, it can be used to pay for additional services on the platform.
Current trading price: $0.1094
Market capitalization: $54.74 million
Total supply: 500 million
History of AERGO
2019 marked the debut of version 1.0 of AERGO. The first version of the AERGO blockchain was developed to bridge the gap between the enterprise and public blockchain worlds by delivering a functional toolkit and infrastructure for developers of all stripes.
The initial release of AERGO was highly successful, with many Fortune 500 organizations deciding to use it to address issues prevalent in the real world.
AERGO 2.0 will be built on top of all of the fundamental characteristics that define the AERGO technology, such as its user-friendliness during the development process, its reliability at an enterprise level, and its demonstrated capacity for scaling well.
Features of AERGO Blockchain
Consensus
Dual consensus methods are another one of AERGO's distinguishing characteristics. The protocol supports both public and private blockchains by using distinct consensus mechanisms for each kind. This structure allows the network to maintain responsiveness while enhancing the security level when interacting with other networks.
Data Handling
Programmability is another crucial advantage of using this strategy generally. The network supports SQL, a well-known programming language utilized in the corporate world.
Open-source
AERGO is both open-source and free. It provides numerous advantages to the market. One of its key advantages is that it gives enterprise customers cost-effective access to distributed computing storage.
Hybrid Blockchain
Because it can connect across permissionless and permission networks, AERGO is called a hybrid blockchain. This is one of the reasons why the name is used to describe it. This protocol was improved to handle various networks while still delivering cost-effective services. This capability is perfect for next-generation decentralized applications because it enables developers to retain a higher level of security while dealing with sensitive data.
Transaction Fees
Transaction fees are the primary function of the AERGO native coin, which also serves other purposes such as incentives and Sybil protection. They have implemented a pricing structure to make the network more stable. To further promote the network's decentralization, the coin has voting functionality that can be accessed through staking. However, votes are only one of the criteria considered when deciding which block producers will be allowed to develop blocks. The conclusion of proposals made by the AERGO Decentralized Autonomous Organization for modifications in protocol parameters and the project roadmap will be determined by votes.
In addition to a minimum fee policy, the project utilizes a gas fee model, including a gas price and limit. Both the price of gas and the minimum transaction fee are determined by the protocol parameters, which can, if necessary, be modified by the AERGO DAO.
AERGO Tokenomics
What Makes AERGO Popular?
AERGO has many unique aspects. It was developed as a solution to various issues to prevent them.
First, the network reduces some of the compartmentalization now experienced within the blockchain industry. Although thousands of decentralized networks exist, most cannot transfer data and value securely.
Because of its technical framework, AERGO is ideally suited for performing these duties. The programming for smart contracts was simplified for developers thanks to the protocol, which was created with that goal in mind. This strategy that benefits developers may be seen across the whole project. Users can use features such as rapid transaction speeds, enterprise-level scalability, and improved performance. A serverless cloud configuration driven by blockchain is what AERGO uses to complete this objective.
How to Buy AERGO Tokens?
CoinEx is a global cryptocurrency exchange, trusted by 5+ millions of users worldwide with 100% reserve. With its 700+ tokens supported, including AERGO, users can now trade easily and seamlessly. To purchase AERGO on CoinEx, follow the steps below.
Create an Account: Start by signing up for a CoinEx account.
Deposit Funds: After logging in, deposit funds into your CoinEx account using any supported cryptocurrencies or deposit methods available on the exchange. Having funds in your account enables you to execute trades seamlessly.
Navigate to AERGO Trading Page: Once your account is funded, go to the dedicated AERGO trading page on CoinEx. Here, you can find various trading pairs involving AERGO tokens.
Choose a Trading Pair: Select the desired trading pair that matches AERGO with another cryptocurrency. For instance, you may choose AERGO/USDT if you wish to trade AERGO against USDT (Tether).
Specify the Purchase Amount: Determine the quantity of AERGO tokens you want to purchase. Input the amount in the trading interface, which will calculate the corresponding cost based on the current market price.
Execute the Trade: With the specified amount, proceed to execute the trade. Confirm the details, and if you are satisfied, submit the order.
By following these comprehensive steps, you can easily trade SAERGO on CoinEx, taking advantage of the available trading pairs.
