Topic: ⚡[ANN] [AERGO] The Future 4th Generation Blockchain | BOUNTIES | REWARDS ⚡ - page 5. (Read 16295 times)

AMA Camron Miraftab, Business Development Director Blocko/AERGO- https://t.me/aergoofficial:

-Eth is gameover. Low tps , old tech and any major update will take ages.

- This is a bit of a reckless statement and it would be foolish of the AERGO architects to assume Ethereum will be a complete failure. 
Up till now Ethereum has been the de-facto standard for issuing application tokens, and for good reason. It was 'first' + it offers a combination of decentralization, liquidity, as well as an ecosystem. However, I agree with your statement, it is plagued by high and unpredictable gas fees, as well as a low TPS capacity. While the technical aspects may hold Ethereum back from being able to cater to commercial grade applications, there are other factors that suggest it won't disspear over night. 
This is why AERGO is being designed to be interoperable with Ethereum so that developers, if they desire, can benefit from the best of both chains: unrivalled security, ecosystem integration, low fees, scalability (production-level) and a suitable & predictable fee structure.

-How is AERGO different/better than EOS, techwise?

- As a blockchain: Aergo is similar in that it employs DPoS as its consensus mechanism (23 block producers). This consensus algo provides a satisfactory level of decentralisation that ensures censorship resistance and trust across the network, as well as performance. AERGO differs in this regard with EOS in two areas, 1. network operators of the AERGO network will be certified/qualified IT vendors with predictable, stable, secure and highly available infrastructure. Mainly telco providers - hyper local and fibre optic speed. 2. It employs a Kubernetes-like stack -- 'AERGO Horde' optimises orchestration and provisioning of dApps with self healing properties on AERGO using the best of breed technology picked up from the cloud computing domain.
As a platform:
1. 1-click blockchain configuration: developers can custom-build their blockchain (private/hybrid/public) in 1-click (abstracting away all of the complexity) fit for the purpose of their application. This can be then be deployed and ran in the cloud securely in less than a minute - with no risk of downtime or concern about performance or congestion on the network. 
2. dApp development (on top of the blockchain they just configured): package managers, SQL & LUA programming language, intuitive development environment, microservice design methodology and service orientated architecture. These are unique to AERGO and have be designed following intimate collaborations with Blocko's customers (understanding the needs of the users!!)
3. As a dApp:
real-time bug detection, version-control capability, scheduling .. the list goes on.

-Thanks, who are these block producers? How they are selected? What is the use of ARG token, is it same as EOS on staking to acquire network resources?

- The block producers can be IT cloud vendors or telcommunication companies or enterprises or academic institutions or governments, etc. Anyone who meets the technical requirements can be put forward as a candidate in the election. The selection process will be very democratic through voting. This is to ensure that incentives among the community are aligned towards the health of the overall network and to ensure value leakage is minimised.

AERGO token - we are not disclosing the full mechanical details/specifications of the AERGO token at this given time. The AERGO token architects are currently validating and optimising the incentive-model design through rigourous testing and simulations. The team want to ensure that the design aligns the incentives, rewards and behaviours of all stakeholders to optimise the objectives of the AERGO network. Stay tuned for more details to come soon.

Camron Miraftab, Business Development Director Blocko/AERGO- https://t.me/aergoofficial:

You are right about the fact that Aergo incorporates key elements of Coinstack, but there is more to it. Aergo extends the functionality and reach of the platform, far greater than Coinstack ever could. It will be ran across a public distributed network, it will incorporate a Kubernetes-like stack for orchestration and provisioning (self-healing properties, etc) and offers new features such as the Hub and Marketplace that incentivise new stakeholders/participants to contribute and utilise the platform --> creating an ecosystem.

Aergo is a big project. Details regarding where the funds will be spent is outlined in detail in the whitepaper. In short = tech and commercial (ecosystem) development. In order to reach the masses Aergo will need to accomodate the needs of mass market developers by offering a platform which allows for customisable dapp development, familiar programming toolchains, data services, stable and highly available cloud services, and much more.

Offering such services worldwide is a tall order which demands a strong business development push across all regions of the world on both the demand side (enterprise customers, dApp developers) and the supply side (cloud and IT service providers).

Samsung did not solely invest in the project. The AERGO project received investment from numerous backers worldwide.

Also, to address your point regarding token distribution. The AERGO token architects are well aware of the importance of decentralising token distribution. As with all things, comprimises need to be made during the early phases of token ecosystem development between bootstrapping network development and decentralising consensus formation.

Please, read the business whitepaper for more details regarding the planned token distribution. In there we hope you will see that the majority of the tokens will over time be distributed to the key stakeholder groups within the Aergo ecosystem.

The AERGO architects understand from past failures of other projects the importance and sensitivity of token distribution. Too little decentralisation/distribution results in concentrating tokens in the hands of the few (which impacts adoption rates and decentralised consensus formation). Too much distribution risks premature decentralisation whereby users become hodlers, resulting in mainly speculative price action that risks destabilising the AERGO network.

This is why Aergo has made it a priority to onboard strategic long term investors to bootstrap development & initial liquidity. Investors like Sequioa, GBIC, Dekrypt and many more.

"One of the things I really like about Blocko is that unlike other bitcoin startups that are building for a future value that is still undetermined, Blocko’s implementations have already saved customers millions of dollars.” - Joyce Kim, co-founder Stellar.  http://tcrn.ch/2gQYr6M

The guys entered the market very late and did not have time to grab their piece from the general HYIP. As a result, we see a good team with an interesting code but which has no users and which investors in such a market do not need if you look at the volume of trading on the exchanges.

Last month, AERGO and Blocko were at the 2018 Korea Blockchain Expo. Co-founder of Blocko Allan Kim gave a speech on public and private blockchains in Seoul. Don't miss our next event on 11/30 #buidlseoul2018 http://buidl.kr
https://twitter.com/AERGO_IO/status/1066026072901218304

AERGO_IO is an open platform that allows businesses to build innovative applications and services by sharing data on a trustless and distributed IT ecosystem. RETWEET if this is your favorite token in Phase II of #HuobiNEXT voting! #ARG https://t.co/W4CwbkMAn4

It looks very promising. I believe that the blockchain technology will be actively developed and implemented in the life of people in the near future.

Please join in Russian locale https://bitcointalksearch.org/topic/aergo-40-5028008

Blocko successfully deploys blockchain-based document management system for Hyundai-Kia Motors currently operating for all of its internal and external employees. Details: https://t.co/dw4CduYaq3 https://t.co/FMgMBUh67d

Phil Zamani yesterday conducted AMA- https://t.me/aergoofficial.  Current issues- https://steemit.com/aergo/@maxferber/ama-with-phil-zamani-ceo-of-aergo-project-11-20-2018

Do you guys need Russian translation? Text and gfx. I work with Photoshop well, so I can be useful. Can help you even for free

Blocko collaborates with Korean government-funded ETRI on research to uncover consensus, tokenomics, and governance breakthroughs to apply to AERGO. Details: https://bit.ly/2DyPHP5

Announcing the AERGO Project Backers AERGO secures $30,000,000 in funding from top investors including Sequoia Capital. Details: https://bit.ly/2RSy8xc

I'm delighted, AERGO has secured $30M in venture funding from a slew of investors, including Sequoia Capital China, GBIC, Neo Global Capital, Dekrypt Capital, and FBG Capital.

Blocko, AERGO's strategic technology partner, runs blockchain-based micro-payments for Korea's central bank, Bank of Korea.

Details: https://t.co/CuaVTUcdxC https://t.co/RisjGcyPsU

Being behind a roadmap is never good, I don't think I've heard of a crypto project go from being behind to behind on track or ahead. Usually it just gets worse from there.

If a crypto project falls behind their roadmap I think one of two things:
* They don't know what they're doing and can't properly estimate the work required
* Promising the world

The technology behind which AERGO is created originates in Coinstack - a private, corporate blockchain developed by Blocko. This innovative technology is used today by about 40 companies that have established a strong partnership with Blocko, among these companies are such giants as Korea Exchange, Hyundai Motors and Lotte Card.

I heard a lot of good about your project. All the same, a project in which all tokens take funds 100% promising

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As I would like to think this venture has brilliant future and I will clarify why. This is a venture prepared double blockhain ( private and open). This procedure and progress is unavoidable and it is simply an issue of time and who will do it. So here we have a built up very much created organization with a working blockhain show - Coinstack , serving around 25 million clients around the world. When we add to the photo the solid foundation of the group we can see that the potential is tremendous. We have here an undertaking which will effortlessly have billion dollars advertise capitalization, so there is just a single thing we can do - to help it !

Love this project, I have been watching alts for a long time and this one is the best one of 2018, this thread is also amazing! Keep it up!