What is AERGO Coin?

AERGO Coin is the native cryptocurrency of the Aergo platform, which defines itself as an open-source enterprise Blockchain platform optimized for both permissioned and permissionless blockchain architectures in hybrid deployments. The Aergo platform is said to feature SQL support, facilitating easy data processing and smart contract programming for developers.

In this article, we will cover topics such as “Aergo Binance, AERGO Coin, AERGO”.

What is AERGO?

AERGO is a platform created by Blocko, a South Korean Blockchain technology company backed by Samsung, which implements Blockchain production solutions for large-scale customers like Lotte Card, Shinhan Bank, Korea Exchange, and Hyundai Motors.

Designed for enterprise use cases, Aergo offers infrastructure to organizations and developers for hosting DApps based on the Aergo Chain. Aergo also provides a smart contract engine that supports Lua and SQL. The private blockchains on the Aergo platform operate on a RAFT algorithm supported by a Proof-of-Authority consensus mechanism, while the public blockchain network, the Aergo mainnet, operates on a Byzantine Fault-Tolerant Delegated Proof-of-Stake mechanism.

According to statements, users can utilize the platform to vote and manage block producers, host private blockchains on private nodes, and make payments to corporate-level cloud providers like major telecommunications firms.

In addition, it is stated that future services of Blocko will be based on Aergo Enterprise products, which require AERGO tokens. An example use case includes a solution implemented by Lotte Card for fingerprint credit card verifications. This solution was created using a version of Lua smart contracts with SQL integration by Aergo, reportedly saving Lotte Card 90% of its manual security expenses for fingerprint identity verification. Among its customers are POSCO, Korea Exchange, Shinhan Bank, and Hyundai Motor Group.

Review of AERGO Coin

It is observed that AERGO coin, especially due to its backing platform, is attracting attention. As mentioned above, Aergo, an open-source computing platform, is practical, garnering user interest.

Furthermore, due to the volatile price movement of AERGO coin, some investors are cautious about the token. However, others consider this an opportunity for trading. To better understand investors’ opinions on AERGO coin, it is beneficial to look at the current prices of AERGO coin.

At the time of this writing, AERGO coin is trading at 0.0460 USD against the dollar. It is also worth mentioning that in the AERGO/BTC pair, AERGO coin is trading at 0.00000300 BTC.

On the other hand, like many coins, AERGO coin saw its lowest level on March 13, 2020, at 0.0161 dollars, while reaching a record high on April 10, 2019, trading at 0.5323 dollars. Additionally, according to CoinMarketCap data, the current circulating supply of AERGO is 264,019,890 AERGO, with a total of 500,000,000 AERGO to be issued.

How to Buy AERGO Coin?

In fact, AERGO coin gained popularity following its listing on Binance on October 21. Following the listing, AERGO/BTC and AERGO/BUSD trading pairs began serving users on the platform.

AERGO coin can be securely and quickly purchased through Binance, the world’s largest cryptocurrency trading platform by trading volume.