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Published by: 13:25, 15 April 2019

Aergo Mainnet. The main network is launched

Today, exactly according to plan, the main blocks of the project network was launched - Aergo Mainnet. The network works, the genesis block has already been created. The main network is launched. In the project Aergo were used Performance And Project Experience CoinStack and Blocko.

Aergo Mainnet

I propose a translation of the release article, which Won Beom Kim wrote - Good Software Takes Ten Years and Blockchain Is Not An Exception. Announcing The Launch of the Aergo Main Network.

My name is Von Kim, I am the Director General and the founder of Blocko. Today I am glad to share with you that the Aergo network works and the genesis block has already been created.

Instead of Phil Lamb tell you today news about the network, this announcement decided to make me to tell the community about the long path we passed, before today's launch of the main network - Aergo MainNet.

Aergo Mainnet Coinstack Blocko
WON BEOM KIM - CEO AND FOUNDER OF BLOCKO

Aergo Mainnet. The history of the emergence of Aergo

Start

In early 2014, a startup called "CloudWallet" was founded. The startup had two products. The first product was called "Cloudwallet", the Bitcoin-wallet, which was supposed to be easy to use. The second product was called "CoinStack", backend infrastructure and intermediate software that is responsible for the infrastructure of the wallet.

Cloudwallet Coinstack Blocko

Sad krach mt. Gox in 2014, provided a long negative impact on the early cryptocene. Therefore, soon the startup called CloudWallet had to look for new seats for survival.

I built the first iteration of coinstack to emulate Blockchain.info . Problems related to the creation of a multiplayer Bitkin Wallet forced me or go to ELECTRUM servers, or use your own BlockChain.Info, or create your own intermediate software that is responsible for synchronization, indexing and requests to the Bitcoin blockchain. So Born CoinStack.

Although CoinStack was created to support our purses infrastructure, being a researcher and developer of distributed systems, having experience with database systems, I never intended to focus only on one product wallet.

The Google Spanner database, using the PAXOS distributed consensus algorithm, was published in a detail only two years earlier in 2012. But even with the powerful possibilities of Google on research and developments, a distributed consensus using a proven PAXOS algorithm was scaled to the possibilities of less than dozen nodes. On the other hand, Bitcoin has already worked for years with thousands of nodes.

Revival Blocko

In 2015, we changed the name on Blocko and began to focus on coinstack, as a product for corporate blocks.

Blocko Main Network

Creating a corporate product was enough for me quite simple, because I knew how corporate software looks like. Although startups worked on the REST API and HTML5, corporate developers still depended on Java and Java SDK.

By 2016, we already secured a number of customers. We even installed our coinstack package on KRX, the Central Stock Exchange in Korea, which used our software to create its own over-the-counter trading market based on the block chain (by the way, it still works at https: // T-KSM.KRX.co.Kr /). Main / Contents) and Samsung Card, the largest in South Korea, the company producing credit cards.

From the first days, many customers were simply happy to experiment with this technology and focused on simpler business models and its use. For such cases, it was quite good to use OP_RETURN on Bitcoin blockchain with sufficient storage in 80 bytes.

Coinstack 3.0

As market ripens, new concepts and more complex use options have appeared. By the end of 2016, corporate clients were looking for a fully allowed blockchain (working on the infrastructure chosen by them), supporting smart contracts. To answer the challenges of the market, we released a new version of CoinStack (Duplicate version 3.0.)

CoinStack 3.0 Main Network

CoinStack has provided a way to support multiple implementations of smart contracts within a single block chain (with OpenContracts protoconts) and supports EVM and LUA "out of the box". Soon we decided to abandon EVM and focus on smart contracts Lua, because corporate clients do not show much interest in learning Solidity. Aergo inherits intelligent support for Lua contracts from CoinStack, but with another execution speed (Lua Aergo works on Luajit, mainly Lua on steroids).

In coinstack 3.0, with our SMART Oracle architecture support, has become realizable by almost any business model, built on the basis of the DLT concept. Then we saw a big demand from our customers.

Aergo Concept

While working with dozens of corporate clients, we realized that they were interested in a number of new technologies, and not only in the blockchain. It sounds very obvious, but we realized that the use of a safe, reliable computing architecture provided by the blockchain, opened up new opportunities for usually very conservative corporate IT.

For example, we realized that there is a high demand for the use of the blockchain in the cloud.

I'm not just talking about blockchain typical products as a service. Coinstack 1.0 was already built on the idea of ​​BlockChain as a service. Many corporate clients view the blockchain as their "entrance ticket" due to their tough corporate IT restrictions. It makes no sense to run Oracle or MSSQL on AWS if the blockchain. There are currently many discussions about the introduction of serve and official computing in the enterprise, but without such a strong base for development, as the blockchain, it would be very difficult to implement it in reality. Thus, we realized that we need a new version of coinstack with the support of non-seeless computing, and it turned out that smart contracts are a good way to implement a non-seeing "lambda" functions in a distributed architecture.

Another specific interest manifested by corporate clients is their tendency to return to the public chain of blocks again and again. In 2014, we had to stop talking about the public blockcha. Since the collapse of MT. Gox, the word blockchain sounded almost like a forbidden word. In 2017, corporate IT experts were looking for new publicly available blocks, such as IPFs and Dag. The permitted motion of the blockchas in 2016 reduced the barrier for the adoption of blocks, while new achievements in the public blockchaspace in 2017 were excited. Now people talked about the new economy, and the corporate blockchain has not exceeded.

We needed a new product, which would not only be fast and flexible, but also with the support of the economy of tokens. So, the project coinstack 4.0 was launched.

Project Aergo

In 2017, I no longer managed the research department and developments in Blocko. At the beginning of 2017, Hong Park, the current technical director of Blocko and Aergo, joined the Blocko team.

HUN YOUNG PARK, CTO OF AERGO
HUN YOUNG PARK, CTO OF AERGO

Hong Park was for me a very interesting person. I worked with him in TmaxSoft, a leading corporate software provider in Korea, as part of the software developer development teams for database management. I still remember how I then told him about Blocko:

"We will build the future of database systems for distributed architecture - this is as Uber for databases".

At that time, I had the earliest ideas about Aergo in my head, and this was my way to explain that Aergo would be with a drop, which was a gurus of database systems.

Our own SkunkWorks team for Blocko was formed by HUN, and we began to develop the following iteration of coinstack.

Early Logo Aergo, 2018 Main Network

Early logo Aergo, 2018

In 2018, I created the first description of the future product in the form of Aergo document, and Hong and his team began to work on its introduction.

We realized that success Aergo We need a full-featured public chain of blocks, and one of our advisers who engaged in cloud computing in Deutsche Telekom, offered the idea of ​​creating a crypto base for the initial download and birth of Aergo network. For this, Phil Lamb began to work as Chairman Aergo.

Phil Zamani, Chairman of the Board and CEO Aergo
Phil Zamani, Chairman of the Board and CEO Aergo

So, our journey began.

We launched a Test Network Aergo in December 2018. Today, after 1665 commits of GitHub, countless heavy hours of work of our 1950 scientific research team, and many months of work on our test network, we launched Aergo MainNet.

https: // Youtu.BE / 7IYHYT7HX1O
Development path - Creating Aergo as one of the few blockchas built from scratch.

Famous Joel Spolly once said:

Good software requires ten years of development. Get used to it.

The Aergo project just started last year, but our journey actually began 5 years ago in 2014. We are in the middle of our way to success.

Aergo Mainnet. Additional Information

  • If you want to check our network, we have a convenient monitoring tool called Aergo Scan at the address www.Aergoscan.IO .
  • If you want to learn more about starting, we have article with all the necessary information about MainNet HellB and back One here .
  • If you are the holder of the TOKEN ERC-20 Aergo, you do not need anything yet . Token-bridge will open in the summer of 2019 to transfer your tokens to the main network if you want to put tokens on the card or use the network, although the tokens of ERC-20 will still be used for exchanging.
  • If you want to bet to get a reward, you will have to wait for further ads. The Aergo Technical Committee has already made an offer for a remuneration for the vote and will report details later.

Now Aergo Mainnet is in the incubation phase. The incubation phase will continue until the network is synchronized with the initial 13 block manufacturers (not yet called). After incubation, we accelerate and add 10 more manufacturers of blocks to our acceleration phase. After that, the network is in its estimated state, and a set of new publicly available functions, such as DAO.

Aergo Mainnet. What's next?

April 17, 2019 an event will be held on the launch of Aergo Mainnet in Seoul, South Korea, where the Aergo project originated in 2014. This will be a joint event involving Aergo Organization and Blocko Inc.

On this presentation Aergo Organization and Blocko intend to submit some new information that will become an important news about the future of the project Aergo, its ecosystems and future use options.

It may include things like some services and applications that will be built on Aergo and which will participate in the network. During the Aergo Organization marketing campaign in April 2019, there will continue to appear more news related to these updates.

We work on many things to make Aergo not just successful, but also by promoting the industry ahead. Our main goal is to satisfy our customers. Aergo is built in the interests of real business users and developers, and interested parties involved in the Aergo ecosystem receive a profit only as a result of such use.

Although we have passed a long way, we have to go through a long way.

Blocko continues to actively support Aergo organization. We continue to create and support Aergo and continue to work together on our roadmap.

Be aware of all, follow the web page Aergo.IO / MainNet, on which we continue to share more information about Aergo with our community.

Answers to most of your questions about startup Dana in this post. For the rest, you can join our community channels and learn more.

WON BEOM KIM - FOUNDER & Ceo of Blocko

Text translated by the WWW command.Cryptocinoxpert.info, more information about the Aergo project available - HTTPS: // Cryptocoinexpert.INFO / AERGO /

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