AERGO is an open-source platform that enables businesses to share data and build innovative applications and services on a trustless and distributed IT ecosystem. The AERGO token is utility-based, running on the AERGO platform, designed to serve various functions within the AERGO platform. The AERGO token serves as a medium of exchange within the AERGO ecosystem.

Project Introduction

Aergo Chain is an open-source hybrid blockchain protocol that combines aspects of public (trust/decentralized) and private (performance/control) blockchains to cater to enterprise and government-level use cases. The Aergo platform provides a suite of "infrastructure components" for businesses and developers to host blockchain applications based on the Aergo Chain. Aergo offers a smart contract engine that supports Lua and SQL, along with various features such as distributed versioning and concurrency control. Private blockchains on the Aergo platform run on a RAFT algorithm-based leader-oriented Proof of Authority (PoA) consensus mechanism, while the public blockchain network, Aergo Mainnet, operates on a Byzantine Fault Tolerant Delegated Proof of Stake (BFT DPoS) mechanism. To vote and manage block producers, users need to acquire and stake AERGO tokens. Users can choose to pay cloud providers to host their private blockchain on dedicated nodes rather than hosting it themselves. Enterprise customers can access other third-party services through AERGO.