Altcoins Talks - Cryptocurrency Forum
Learning & News => Announcements [ANN] => Topic started by: Kryptarion on October 10, 2018, 10:44:21 PM
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Developers have learnt that it is easier and faster to start a blockchain project if it is anchored on the Ethereum platform. This is because Ethereum provides the right environment for the developers to easily create decentralized apps on the already functional blockchain. Ethereum save developers time and funds required to design codes and set up nodes all by themselves. But of course there are alot of disadvantages that comes to the use of Ethereum
Transaction fees: Ethereum blockchain is designed such that every transaction that is done on the platform require a fee (gas) before it is successfully processed. This means that all the decentralized applications (dApps) designed on the will have to pay Ethereum before they process any transaction
Speed: The present strength of the Ethereum platform can only handle close to 15 transactions per second. And there are currently above a thousand dApps running on the platform. It will surely slow down the time to process transactions if one of the dApps become popular.
Blockchain Control: The Ethereum team owns the full power over what happens on the Ethereum blockchain which put them in complete control of the blockchain, this means that they can make changes or modify the platform which could be negative for all the other projects or dApps anchored on the Ethereum blockchain. Also this put developers of dApps in a very tight spot as they can not make changes to improve their projects since Ethereum has a rather rigid stance on the blockchain
Strainous exchange: Every dApp created on the Ethereum blockchain has its own token which is the accepted token for project. These various tokens are what is required to perform transactions on the platform. And for the dApps built on the the blockchain, all have must have a token sysptem which will be different from the in house Ethereum Eth token. The problem here is the scalability and hitch free exchange between the dApps and the Ethereum token system.
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Blockchain to choose
Because of the reasons above, blockchain experts and crypto enthusiasts are beginning to see the deficiencies in the Ethereum blockchain and other similar Blockchains that claim to offer
a smooth medium for building dApps.
Other similar blockchains like Litecoin, Hadera Hashgraph etc. lack the latest innovative ideas to implement the next revolutionary blockchain space for users.
I would very much prefer a blockchain project which is created to improve on the deficiencies of the previous ones and is aimed at designing a more secured and scalable environment for building dApps.
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AERGO project aims to develop a new blockchain protocol, with advanced features and easy to use tools for the developers to very easily build dApps on the platform.
The Project is a massive innovation to the cryptocurrency and blockchain world. It will use 4th generation technology and blockchain protocols to create a platform that provide developers with easy tools to scale dApps. Unlike similar and earlier blockchain projects who use 3rd generation technologies to design their blockchain, Aergo is adopting the latest technologies aclvailable. It proposes to include a comprehensive ecosystem of complementary decentralized application (“dApp”), technologies and service providers that leverage secure cloud delivery models. Underlying technologies in AERGO are proposed to be made open source as it is truly an open and decentralised system.
Different from the traditional blockchain systems, AERGO regard chain forks and block organisations as very important features of blockchain. The project will utilize a Git-like protocol that tracks changes in computer files and coordinating work on those files among multiple people. This will enable collaborating on data as easy as it is to collaborate on source code.
You can find more information here 🌳🌟Important AERGO Community links🌟🌳
⚡️ Website: https://www.aergo.io
⚡️ Whitepaper: https://paper.aergo.io/AERGO_Chain_Technical_Whitepaper_V1.0.pdf
⚡️ Medium: https://medium.com/aergo
⚡️ Twitter: https://twitter.com/AERGO_IO?lang=en
⚡ Telegram: https://t.me/aergoofficial
My Details
Name: Iliyasu Abdullahi
Email: [email protected]
Twitter: https://twitter.com/abdulyasu
Also Read;
1. AERGO Attracts Contributors to Build An Open-source blockchain: https://steemit.com/blockchain/@kryptarion/aergo-attracts-contributors-to-build-an-opensource-blockchain-fdsxg12b
2. AERGO: A Blockchain Model For Businesses: https://no links to other forums/index.php?/topic/50531-aergo-a-blockchain-model-for-businesses/)
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