- Competition in the sphere of scalable dApp-protocols is more severe than in others, so it has to be taken into consideration.
- The existing blockchains, though not as scalable as AERGO might become, still have first-mover advantage and might be better off if they introduce scalability features, such as Lightning network, Sharding, Plasma, State Channels.
- Technical paper and smart contract links are missing.
- There is no link to Github.
- AERGO will sell only 30% of the tokens. Therefore, most of the tokens will be centralized in the project.
- The team is scattered across different time zones. They are located in London, South Korea, Hong Kong, and New York.
- Several team members are still employed at Blocko, according to their LinkedIn pages.
The development of the blockchain technology has made great progress in the last few years. However, issues of transaction speed and transaction costs prevent blockchain technology from becoming mainstream. The current low capacity of the main blockchain protocols and cryptocurrencies (Bitcoin, Ethereum), more specifically 10-30 transactions per second (TPS), cannot cover the world's commerce anytime. In contrast, Visa claims to have 56,000 TPS on its network, while Alipay has achieved 200,000 peaks TPS in November 2017. The scalability problem of the current blockchain-based systems poses significant limits for their extensive applications. How to scale up blockchain TPS without compromising its security and decentralisation remains elusive.
In order to solve this problem, several projects have already launched the alternative protocols that aim to significantly increase the throughput of the blockchain protocols. For instance, EOS launched its infrastructure for dApps, which Test Network can sustain over 10,000 TPS. EOS raised $197M during its ICO in June 2017 and now is the 5th largest cryptocurrency in the world by market cap. IOTA is able to process 500-800 TPS, raised $400M and now 11th by market cap in the world of cryptocurrencies. That is why the potential growth and community attention to AERGO might be lower.
Overall, the scalable protocols for dApss gain large public attention during token sales and have comparably high ROI. However, competition in this sphere of blockchain is more severe than in others, so it has to be taken into consideration.
AERGO aims to create a scalable blockchain. Aergo has three major architectural functions, which together form the AERGO platform: Aergo Chain, Aergo Hub, and Aergo Marketplace. AERGO Chain is the public internet of blockchains. It aims to include an SQL based smart contract platform as well as advanced features, such a distributed version and concurrency control.
AERGO Hub is the public interface into the underlying AERGO Chain. AERGO Marketplace is a marketplace for apps, computing resources, and other sources for AERGO Chain.
The website domain was created on May 13th 2018. The product development started in January 2018. The public sale will happen in August 2018. The beta version of the protocol is expected in Q3 2018, the testnet launch is planned for Q4 2018. Mainnet is expected in Q1 2019. The Hub & Marketplace launch scheduled for Q3 2019.
There is no link to Github.
Smart contract execution within AERGO chain is intended to require the AERGO native token to support running costs. Transactions on AERGO chain intend will be subject to fees. Users need to pay fees depending on the gas mechanism. AERGO is proposed to follow a similar gas mechanism to Ethereum. Users must pay a gas fee according to the amount of work is necessary for the virtual machine to execute the contract in question. The gas parameters are intended to be calculated and tested on the Test-net.
AERGO received investments from FBG Capital, GBIC, Lemnsicap, Dekrypt Capital, Block Crafters Capital. Overall, AERGO will issue 500M of tokens. 30% of tokens will be sold during the token sale. According to official telegram chat, private sale room has been filled. Public sale details will be announced later, it is expected in August.
More token metrics have not been yet announced.
The team of AERGO consists of 15 people.
The COO of AERGO - Phil Zamani - has a long corporate career and previously was responsible for business development at Red Hat, Deutsche Telekom, Banco Santander, and several other companies. He also served as an advisor to several blockchain startups in Big Data, IoT and Cloud. The second board member served as investment director at several venture funds.
Several tech team members come from TmaxSoft - American infrastructure and data modernization software company. Most of the team are located in South Korea. However, some of them are in London, New York, and Hong Kong.
Also, the core team comes from Blocko - a blockchain infrastructure provider offering customers digital identity, digital signatures, and various blockchain-based services and applications. AERGO claims that they signed a partnership with Blocko. Blocko, on their side, previously partnered with Samsung.
Overall, the team looks solid and has previous blockchain experience. Several team members are still employed at Blocko, according to their Linkedin.