Buy Aergo

Aergo (AERGO) is an open-source blockchain platform specifically designed for businesses. The platform offers a hybrid solution that combines both public and private blockchain architectures, enabling enterprises to leverage the benefits of blockchain technology while maintaining control over their data. Aergo primarily aims to enhance the efficiency of business processes by facilitating secure, fast, and cost-effective data exchange.

A unique feature of Aergo is its hybrid structure. The public blockchain provides transparent transactions and smart contracts, while businesses can use their private blockchains for sensitive or internal data. This ensures the necessary security without compromising on speed or low transaction costs, which often amount to just a fraction of a cent. This makes Aergo highly appealing to companies seeking an affordable solution for blockchain integration.

Aergo supports both public and private networks, utilizing a Proof-of-Stake (PoS) and Byzantine Fault-Tolerant (BFT) consensus mechanism, resulting in fast transactions (over 10,000 transactions per second) with a delay of just one second. The platform is scalable and flexible, featuring a smart contract engine that supports programming languages like Lua and SQL. This makes it easy for developers to build decentralized applications (dApps).

Aergo is developing integrating machine learning and DeFi services into its 2.0 version, which was expected in 2024. Collaborations with major companies like Samsung and Lotte Card highlight the platform's practical applications, such as a fingerprint verification system that saved up to 90% of costs for manual processes.

Who founded Aergo?

Aergo was founded by Won-Beom Kim, the founder and CEO of Blocko, a South Korean blockchain company backed by Samsung. Blocko has assisted several major enterprises with blockchain implementations, including Lotte Card, Hyundai Motors, and Shinhan Bank. The Aergo team comprises experts in blockchain technology, software development, and enterprise solutions, aiming to create a flexible and scalable hybrid blockchain platform for businesses of varying sizes.

Aergo offers numerous opportunities for businesses and developers, from secure data exchange to dApps building and integrating blockchain technology into business processes:

• Secure data exchange: Aergo enables secure data exchange between businesses without exposing sensitive information thanks to the hybrid blockchain structure.
• Cost savings: Low transaction costs (less than €0.001 per transaction) make Aergo ideal for companies looking to integrate blockchain without high expenses.
• Decentralization of applications (dApps): Developers can build decentralized applications on Aergo's public blockchain with smart contracts.
• Staking and governance: Users can stake AERGO tokens and vote on validators, giving them a say in platform management.
• MachinelLearning integration: The advent of Aergo 2.0 offers businesses the ability to integrate machine learning applications, ideal for technology-driven sectors.

Aergo utilizes a hybrid blockchain architecture, enabling businesses to use both public and private blockchains. This offers transparency and security for transactions without compromising data privacy. The public blockchain operates on a Byzantine Fault-Tolerant Delegated Proof-of-Stake (DPoS) consensus mechanism, where a select group of validators vote to approve transactions. This improves the speed and scalability of the network, which is capable of processing over 10,000 transactions per second.

Hybrid blockchain model

The hybrid model of Aergo combines a public blockchain for open transactions with private blockchains, enabling companies to secure their internal data. This model is ideal for enterprises seeking to benefit from blockchain advantages without exposing their confidential information to the public network. Companies maintain full control over their networks while being able to communicate with other parties through the public blockchain.

Consensus Mechanisms

Aergo uses a Byzantine Fault-Tolerant (BFT) consensus mechanism along with Delegated Proof-of-Stake (DPoS). Multiple validators approve transactions, ensuring a high degree of security and reliability. In the case of a fraudulent validator, the network can still verify transactions as long as the majority of validators agree on the validity. This ensures robustness and resilience in these cases.

Merkle Bridge Technology

With Merkle Bridge technology, Aergo enables interoperability between blockchains. Through cryptographic data (Merkle proofs), transactions between blockchains can be verified, allowing interaction with Ethereum, for example. Users can seamlessly transfer ERC-20 AERGO tokens between Aergo and Ethereum.

Staking and Governance

AERGO tokens play a significant role in the platform. Users can stake tokens to earn rewards, and through AERGO Agora, token holders can vote on network improvements. This gives the community an active role in decision-making and the ongoing development of the platform.

The AERGO token is the native cryptocurrency of the Aergo platform and plays a crucial role within the ecosystem. This token is used for various purposes, such as to pay transaction fees, stake tokens to earn rewards, and participate in governance. Through the AERGO Agora, the platform's Decentralized Autonomous Organization (DAO), token holders can vote on proposals for network improvements, giving them direct influence over Aergo's future development.

The maximum supply of AERGO tokens is set at 500 million, with a significant portion already in circulation. The platform employs a scalable model for token distribution, enabling users to benefit from ecosystem growth while simultaneously contributing to network security and stability. The AERGO token empowers businesses and developers to leverage the Aergo platform and provides access to the services facilitated by the network.

Aergo stands out due to several unique features that make the platform especially attractive for businesses and developers:

• Hybrid blockchain architecture: Aergo combines public and private blockchains into a single platform, allowing businesses to benefit from transparency without compromising security and control over internal data. This hybrid approach is rare within the blockchain industry.
• Low transaction costs with high scalability: With extremely low transaction costs (less than €0.001 per transaction) and a processing capacity of over 10,000 transactions per second, Aergo is one of the most cost-effective and scalable blockchain platforms for enterprises.
• Easy integration of machine learning and AI: Aergo 2.0 supports the integration of machine learning and AI, making the platform appealing to companies looking to combine blockchain with advanced technologies in their business processes.
• Fast block processing times of one second: Aergo offers virtually instant transaction confirmations with a block processing time of just one second, making it one of the fastest blockchain platforms.
• Interoperability via Merkle Bridge technology: Thanks to Merkle Bridge technology, Aergo enables interoperability between blockchain networks, including the transfer of tokens between Aergo and Ethereum, without sacrificing security or efficiency.

You can purchase AERGO from Bitvavo, a platform available to both beginners and experienced traders. Follow these steps to purchase AERGO coins via our website or app:

1. Log in or register for a Bitvavo account.
2. Click on "Deposit".
3. Navigate to the AERGO purchase page.
4. Enter the amount in euros or the number of AERGO tokens you wish to buy and confirm your purchase by clicking "Buy".

You can easily and securely store your AERGO tokens in your Bitvavo account. The majority of our customer funds are kept in offline cold storage for additional security. We also recommend enabling two-factor authentication (2FA) for even more safety. This way, you add an extra security code when logging in.

Looking to transfer your AERGO tokens to an external wallet? This can be done easily. First, check the wallet address you have stored in your Bitvavo account, then send the tokens to your wallet. Most software and hardware wallets support AERGO, allowing you to access your tokens outside the Bitvavo platform.