Aergo (AERGO) Price

Aergo Chain is a unique hybrid blockchain protocol that combines the best aspects of public and private blockchain technologies. This makes it an ideal choice for enterprise and government level use cases. The platform provides infrastructure components for hosting blockchain applications based on the Aergo Chain, and offers a smart contract engine, supporting Lua and SQL. Additionally, it provides various features such as distributed version and concurrency control, making it easy for developers to build and deploy blockchain applications.

The Aergo platform has a Leader-based Proof-of-Authority consensus mechanism for private blockchains, making them fast and efficient. On the other hand, the Aergo mainnet uses a Byzantine Fault-Tolerant Delegated Proof-of-Stake mechanism, which ensures that the public blockchain network is secure and decentralized. To vote and manage block producers, AERGO tokens need to be acquired and staked, giving users a say in the governance of the platform.

The AERGO utility token is an essential part of the Aergo ecosystem, as it is needed to acquire extra application services from third parties. Furthermore, all of Blocko's future services will be based on the new Aergo Enterprise products that require AERGO tokens to operate. This ensures that the token will always have value to the users of the platform, providing a strong incentive for adoption.

Aergo has already been adopted by various large enterprises, including Lotte Card, Hyundai Motor Group, Korea Stock Exchange, Shinhan Bank, POSCO, and more. Lotte Card, for instance, uses Aergo's Lua smart contracts with SQL integration for fingerprint credit card verifications, saving them 90% of their security expenditures. This is a testament to the power and versatility of the Aergo platform, and its ability to provide real-world solutions to complex problems.