What is $AERGO ❓
The Aergo Chain is an open-source hybrid blockchain protocol powered by the native cryptocurrency Aergo. The protocol includes a number of designs that aim to mitigate key issues currently experienced with existing public and private blockchain protocols. It provides a smart contract engine with support for Lua and SQL and includes a number of features and frameworks such a distributed version and concurrency control.
The Aergo Platform proposes to provide a set of infrastructure components for enterprises and developers to host blockchain applications based on the Aergo Chain. It aims to offer a set of cloud computing execution capabilities to deploy applications such as orchestration, management, deployment, scheduling, and a comprehensive web-based interface to access its features.
Aergo is proposed as a simplified solution for developers and business users to build and deploy decentralized applications and enterprise-IT solutions using a flexible hybrid blockchain architecture as well as a serverless utility computing platform. Development for Aergo is done by the non-profit Aergo Organization, backed by Sequoia Capital China, various crypto funds; as well as the for-profit South Korea-based blockchain infrastructure provider Blocko, which is backed by Samsung Ventures and POSCO Capital.