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.
How to Buy AERGO on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing AERGO. Some reputable platforms include LBNK, Okx, Kraken, and others.
Step 2: Register an Account
Here, we'll register an account on the OKX (registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing AERGO.
Step 5: Purchase AERGO
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of AERGO you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy AERGO.
Step 6: Store Your AERGO
After purchasing, you can choose to store your AERGO in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and AERGO assets, be sure to use a strong password and enable two-factor authentication.
AERGO Price:Aergo describes itself as an open-source enterprise blockchain platform optimized for hybrid deployments, which consist of both permissioned and permissionless blockchain architectures. The price fluctuates daily, and as of March 30, 2024, the highest price for AERGO was $0.5553.
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