Review on Aergo by Pedro O. Alvino M.
Open source business blockchain based on smart contracts
Composed with the Ethereum network, the blockchain platform for business purposes specializes in smart contracts and novel development kits for developers, as well as being a holistic and multipurpose platform, which closes the gap between public blockchains and private blockchains.
Smart contracts on the platform can be executed by users safely and flawlessly because Aergo provides a permissive interface with maximum interoperability between Smart contract implementations and written contracts for Ethereum Virtual Machine.
With an excellent market capitalization, the project appears to be on track, but adoption by the business community will be vital to the project in the long term.
Pros
- Production-level private blockchain for recognized business customers
- based on a stake delegated proof consensus algorithm.
- Consists of a smart contract infrastructure based on plug-ins and multi-paradigms
- Through AERGOSQL, smart contracts can be written using the familiar SQL syntax.
- It is designed to support and implement different smart contracts on the platform
- It is made up of a central functionality through a Distributed Directory.
- Built and used by Blocko, the South Korean blockchain technology company backed by Samsung
Cons
- The initial launch of AERGO depends on the EVM implementation of go-Ethereum.
- Depends on massive adoption by financial institutions to the blockchain
