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Aergo news
About Aergo
What is Aergo?
Aergo describes itself as an open-source enterprise blockchain platform optimized for hybrid deployments, which consist of both permissioned and permissionless blockchain architectures. It includes support for SQL allowing for easy data handling and familiar smart contract programming for developers.
The platform is built and utilized by Blocko, the Samsung-backed South Korean blockchain technology company that, according to Korean media sources, has deployed production blockchain solutions for large-scale clients including Lotte Card, Shinhan Bank, Korea Exchange, Hyundai Motors, and more.
What are its use cases?
Designed for enterprise use cases, Aergo provides infrastructure for enterprises and developers to host DApps based on the Aergo Chain. Aergo offers a smart contract engine supporting Lua and SQ. Private blockchains on the Aergo platform run on a Proof-of-Authority consensus mechanism powered-RAFT algorithm, while the public blockchain network, the Aergo mainnet, runs on a Byzantine Fault-Tolerant Delegated Proof-of-Stake mechanism. To vote and manage block producers, Users are able to use the platform to pay enterprise-grade cloud providers such as large telecommunications firms to host their private blockchains on dedicated nodes.
Blocko’s future services will be based on Aergo Enterprise products that require AERGO tokens to work. An example use case includes a solution deployed by Lotte Card for fingerprint credit card verifications. The solution is built using a version of Aergo’s Lua smart contracts with SQL integration, which has reportedly saved Lotte Card 90% of their manual security expenditures for fingerprint authentication. Clients include POSCO, Korea Stock Exchange, Shinhan Bank, and Hyundai Motor Group.
The live Aergo price today is $0.100442 USD with a 24-hour trading volume of $2,118,775 USD. We update our AERGO to USD price in real-time. Aergo is up 0.76% in the last 24 hours. The current CoinMarketCap ranking is #383, with a live market cap of $44,696,620 USD. It has a circulating supply of 445,000,000 AERGO coins and a max. supply of 500,000,000 AERGO coins.
If you would like to know where to buy Aergo at the current rate, the top cryptocurrency exchanges for trading in Aergo stock are currently Binance, OKX, Bitrue, Bitget, and BingX. You can find others listed on our crypto exchanges page.