Aergo (AERGO): Empowering New Businesses With Blockchain

As a business owner or manager, have you ever wanted to streamline your data exchange with a partner or supplier but were held back by security concerns? This is far more common than many in the business world might think. Many modern businesses of all sizes — from one-person consultancies and startups to large corporations — would love more efficient data and transaction exchanges with other parties without revealing too much in the process. However, combining the desired efficiency with sufficient protection for existing systems is often tricky. As a result, companies maintain gated IT systems, which forces them to go through inefficient and costly data exchange setups with external partners.

Aergo (AERGO) is a project that aims to solve this problem using a hybrid blockchain approach. Using Aergo, businesses can share the same public network, making transactions fast, cost-efficient and aligned in format, while maintaining their private “sub-networks” that provide solid protection to internal data and resources.

Key Takeaways:

• Aergo’s hybrid blockchain platform caters to enterprises by combining features of public and private networks to offer cost-effective streamlined data and transaction exchanges between parties, letting them maintain high levels of internal data protection.

• In addition to featuring very low transaction costs, the Aergo network is highly scalable, with one-second transaction finality times and the capacity to process over 10,000 transactions per second.

• AERGO, the native utility and governance token of Aergo, can be bought on Bybit as a Perpetual contract.

What Is Aergo?

Aergo (AERGO) is an open-source blockchain platform designed to provide a hybrid solution for enterprises, combining both public and private access features. It aims to offer scalability, flexibility and ease of use for enterprises looking to adopt blockchain technology. Aergo’s main chain is a public network capable of smart contract functionality.

Aergo also supports private blockchains, networks with permissioned access that operate as subnetworks of a wider public chain. Guarding their network via private access allows businesses to reveal as much or as little as required when communicating with other entities on the public blockchain. The hybrid public-private model gives companies streamlined exchanges with other on-platform parties while ensuring the required security and internal privacy.

Aergo’s transaction fees are typically fractions of a cent, and the platform claims that their fees are even significantly lower than those on Solana (SOL), a blockchain known for its low-cost environment. Aergo transaction blocks are also processed extremely fast in just one second.

Aergo 1.0 to Aergo 2.0

Aergo was originally developed as a decentralized blockchain tool kit for enterprises, consisting of the AERGO Chain, AERGO Hub (framework for DApps on the blockchain) and AERGO Marketplace (a P2P platform that provides access to partner services with the Aergo Chain).

With the rising demand for enterprise services, Aergo is working on a major upgrade — Aergo 2.0 — set to be completed by 2024. Aergo 2.0 will evolve to become a full enterprise blockchain with enhancements like Ethereum virtual machine (EVM) support, a computing service hub, DeFi services and support for machine learning. Users can interact with the Aergo platform directly via the AERGO Portal DApp and AERGO Connect 3.0, Aergo's wallet, which grants access to all Aergo DApps.

Aergo 2.0 includes products like a SocialFi DApp (BOOOST) and a token management platform (SilverMine), complete with a security token offering. The platform aspires to join the NFT game as well, having minted over 700,000 NFTs with its NFT-as-a-service feature. In 2023, Aergo also collaborated with Samsung to launch Samsung Members NFT. Following that, Aergo intends to develop its own NFT marketplace with exclusive NFTs. Other ongoing Aergo NFT projects include an NFT-based DAO and an NFTFi and liquid staking feature.

How Does Aergo Work?

The AERGO Chain uses a Byzantine fault tolerant (BFT), delegated proof of stake (DPoS) block validation model to secure the network and achieve consensus. BFT decentralized networks can process transaction blocks even if some validators behave fraudulently, or don’t relay correct information for other reasons (e.g., due to malfunctioning). When a certain proportion of validators, called the supermajority in BFT terminology, agree on a transaction block’s validity, the block can be approved even if the other validators fail to join the consensus. As such, the BFT design provides a higher degree of security in the presence of malicious actors, which is critical for enterprise-grade blockchains.

The DPoS validation method allows users on the network to delegate their crypto funds to a block producer and earn a share of staking rewards. All block producers on the Aergo main chain are trusted, enterprise-level entities. Currently, the blockchain’s mainnet is secured by thirteen validators.

Interoperability between Aergo-based chains is enabled via Merkle Bridge technology, which allows two networks to communicate efficiently and securely. In Aergo’s Merkle Bridge design, one chain may regularly send cryptographic pieces of data — Merkle proofs — to another chain as evidence of the sender network’s true state. For example, if chains A and B communicate, a Merkle proof of chain A sent to B lets the latter confirm that certain tokens in the requisite amounts are indeed held on the former.

Merkle Bridge technology is also used by the Aergo blockchain to communicate with the world’s largest smart contract platform, Ethereum (ETH), thereby facilitating ERC-20 AERGO transfers between Ethereum and Aergo.

Aergo Key Features

Hybrid Blockchain

Hybrid architecture is at the heart of the Aergo ecosystem. It allows Aergo-based networks and DApps to establish secure and efficient external communications, thus leveraging the platform's unique architecture.

Scalable

Aergo’s network features high levels of scalability, a property that’s imperative for business users. It allows enterprises of all sizes to confidently scale their networks and apps in line with their business activity levels. Aergo users can enjoy nearly instant transaction processing, with a new block added to the chain every second.

The Aergo mainnet also boasts a high processing capacity at the overall network level of over 10,000 transactions per second, significantly greater than that of most other PoS platforms.

Developer-Friendly

Aergo’s platform is developer-friendly. It allows blockchain programmers to create smart contracts using the hugely popular SQL query language, and Lua, a popular lightweight scripting language based on SQL and widely used for video games like Roblox and World of Warcraft.

The platform’s support for developers doesn’t stop there. Aergo 2.0, which has yet to implement all of its planned functionality, will feature EVM compatibility. The Ethereum-compatible smart contract engine will allow Aergo developers to use Solidity, the blockchain world’s most popular smart contract language.

Aergo 2.0 will also feature several other new core elements, including support for machine learning and AI application development, areas that are currently experiencing explosive growth.

What Is the AERGO Crypto Token?

Aergo’s native token, AERGO, is used for transaction fee payments, staking and governance. The staking functionality, called system voting, allows users to back their preferred validator with AERGO tokens and receive a portion of the block rewards generated by that validator.

The on-platform governance is carried out via Aergo Agora, a decentralized autonomous organization (DAO) in which token holders can vote on various network improvement and modification proposals.

The AERGO token has a total and maximum supply of 500 million. Its current circulating supply stands at around 445 million. AERGO’s supply distribution is shown in the graph below.

AERGO Crypto Price Prediction

As of Nov 28, 2023, the AERGO token is trading at $0.164, which is 70.08% lower than its all-time high of $0.57248 on Apr 10, 2021, and over 1,000% higher than its all-time low of $0.013547, registered on Mar 13, 2020.

AERGO’s long-term outlook is quite bullish, withPricePrediction expecting the token to trade at around $0.46 in 2025 and $2.70 in 2030, andDigitalCoinPrice forecasting it to reach $0.62 in 2025 and $1.77 in 2030.

Is AERGO a Good Investment?

AERGO is a cryptocurrency with solid long-term prospects. A couple of notable factors indicate its positive investment potential:

1. The Aergo platform's hybrid blockchain model brings the best public access and private security worlds to business users. Few crypto platforms are capable of offering this kind of mix, which ensures efficient data exchange while protecting your privacy and internal data. A notable example of a competing blockchain that allows the launch of private subnetworks on its wider public chain is Avalanche (AVAX). However, transaction fees on Avalanche are an order of magnitude higher than those on Aergo, whose hybrid chain design and incredibly low costs will likely attract more enterprises to the platform in the future. At the moment, Aergo already supports over 50 enterprise clients. As its client base grows, expect the AERGO token to also benefit from this expansion.

2. The new Aergo 2.0 platform, expected to release all of its planned features by early 2024, will be a substantial boost for the project. New functions like EVM support and AI/machine learning development tools will likely attract even more enterprises.

Where to Buy AERGO

You can buy AERGO on Bybit via the AERGOUSDT Perpetual contract. A USDT Perpetual contract allows traders to open long and short positions using USDT as the margin with no expiration dates. If you don’t have an account on Bybit, you can quickly register for one and access hundreds of cryptocurrencies both on the Spot and Derivatives markets.

Closing Thoughts

Combining security and privacy with streamlined, cost-effective data sharing is a dream of many enterprises. Attempts to achieve such a combination outside of the blockchain environment (e.g., via cloud solutions) often fall short of expectations. At the same time, standard public blockchains are also poorly fit for this purpose. Aergo, with its hybrid model, is in a unique position to tackle the job — and it does so very cost-effectively.

The business world already appreciates Aergo’s unique advantages, with more than 50 enterprise clients utilizing the platform. As more companies realize its benefits, this already commendable client base figure will keep increasing. With Aergo 2.0 becoming fully functional in 2024, expect this innovative project to join the league of top enterprise-oriented blockchains.

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