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.
