How To Buy Aergo (AERGO)?

A common question you often see on social media from crypto beginners is “Where can I buy Aergo?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. Thanks to its massive popularity, you can now buy Aergo on most cryptocurrency exchanges, including Coinbase and Binance in 3 simple steps.

Step 1: Create an account on an exchange that supports Aergo (AERGO)

First, you will need to open an account on a cryptocurrency exchange that supports Aergo (AERGO).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase Aergo (AERGO) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy Aergo (AERGO)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Aergo (AERGO) or Aergo (AERGO) trading pairs. Look for the section that will allow you to buy Aergo (AERGO), and enter the amount of the cryptocurrency that you want to spend for Aergo (AERGO) or the amount of fiat currency that you want to spend towards buying Aergo (AERGO). The exchange will then calculate the equivalent amount of Aergo (AERGO) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of Aergo (AERGO) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Simplecryptoguide.com

What Is Aergo (AERGO)?

Aergo Chain is an open-source hybrid blockchain protocol powered by the native cryptocurrency AERGO.

Aimed at enterprise and government level use cases, it combines aspects of public (trust/decentralised) and private (performance/control) technologies. The Aergo platform provides a set of infrastructure components for enterprises and developers to host blockchain applications based on the Aergo Chain. Aergo offers a smart contract engine supporting Lua and SQL, and also a number of features such as distributed version and concurrency control.

Private blockchains on the Aergo platform run on a Leader-based Proof-of-Authority consensus mechanism powered-RAFT algorithm, while the public blockchain network, the Aergo mainnet, runs on a Byzantine Fault-Tolerant Delegated Proof-of-Stake mechanism.

To vote and manage block producers, AERGO tokens need to be acquired and staked. Users are able to utilize the platform to pay enterprise-grade cloud providers such as large telecommunications firms to host their private blockchains on dedicated nodes, rather than going through the cumbersome process of hosting these blockchains themselves – a functionality that is also unlocked via AERGO tokens.

Enterprise clients will need to use the AERGO utility token to acquire extra application services from other third parties. Additionally, all of Blocko’s (Samsung-backed) future services will be based on the new Aergo Enterprise products that requires AERGO tokens to work.

An example use case in production using Aergo includes a solution adopted by Lotte Card for over 25 million users for fingerprint credit card verifications. It allows Lotte Card to get automated attestations to whether a fingerprint submitted at checkout matches the identity of the credit card owner. The solution is built using a version of Aergo’s Lua smart contracts with SQL integration. SQL integration has been verified to save Lotte Card 90% of their security expenditures for fingerprint authentication due to the blockchain system’s ability to eliminate the need for manual verification of fingerprints.

Other clients using Aergo-based solutions include Hyundai Motor Group, Korea Stock Exchange, Shinhan Bank, POSCO, and more.

How does Aergo work?

Designed for enterprise use cases, Aergo provides infrastructure for enterprises and developers to host DApps based on the Aergo Chain. Aergo offers a smart contract engine supporting Lua and SQ. Private blockchains on the Aergo platform run on a Proof-of-Authority consensus mechanism powered-RAFT algorithm, while the public blockchain network, the Aergo mainnet, runs on a Byzantine Fault-Tolerant Delegated Proof-of-Stake mechanism. To vote and manage block producers, Users are able to use the platform to pay enterprise-grade cloud providers such as large telecommunications firms to host their private blockchains on dedicated nodes.

Blocko’s future services will be based on Aergo Enterprise products that require AERGO tokens to work. An example use case includes a solution deployed by Lotte Card for fingerprint credit card verifications. The solution is built using a version of Aergo’s Lua smart contracts with SQL integration, which has reportedly saved Lotte Card 90% of their manual security expenditures for fingerprint authentication. Clients include POSCO, Korea Stock Exchange, Shinhan Bank, and Hyundai Motor Group.

What is the AERGO token?

To vote and manage block producers, AERGO tokens need to be acquired and staked. Users may decide to pay cloud providers to host their private blockchains on dedicated nodes, instead of hosting them themselves. Enterprise clients may access additional third-party services via AERGO.

Aergo token is primarily a utility token, meaning any businesses wishing to use the platform will need tokens to pay for services.

Known use cases for AERGO tokens are as follows:

• Deploying and running smart contracts.
• Paying for additional products or services such as hosting your application.
• Rewards for stakers participating in the DPoS consensus algorithm.
• Payment method for using Aergo Marketplace and Hub, technical support, or to access other platform tools.

Aergo development updates in 2023

Aergo has made notable strides in 2023, reinforcing its position in the blockchain and cryptocurrency landscape. Here’s an overview of the key developments:

• Launch of BOOOST v2.0: In October 2023, the Aergo community was informed about the upcoming release of BOOOST v2.0. This update was eagerly anticipated as it represents a significant evolution of the existing system, enhancing the platform’s capabilities and services​​.

• Achieving a Milestone in NFT Transfers: A significant achievement for Aergo this year was surpassing over 1 million NFT-related transactions on its blockchain. This milestone underscores the growing adoption and utility of Aergo in the NFT space, reflecting its robustness and scalability​​.

• Version 2.4.8 Deployment: Aergo continued to evolve its mainnet infrastructure by deploying version 2.4.8. This upgrade highlights the platform’s commitment to continual improvement and adaptability in the fast-paced blockchain environment​​.

• Key Features and Performance: Aergo is known for its fast, scalable, and developer-friendly hybrid blockchain features. It supports developers to code smart contracts with LUA(SQL) and boasts a DPoS consensus mechanism that ensures high transaction throughput (10,000+ transactions per second) at a minimal cost. These features make Aergo a credible alternative for various blockchain-based products and services including DeFi, NFTs, and gaming​​.

• Global Presence and Community Engagement: Aergo has been focusing on expanding its community and presence in key geographical regions like South Korea, the United Arab Emirates, the United Kingdom, China, and Germany. Its community development strategies encompass global block producer programs, international community bounty/ambassador programs, hosting and participating in blockchain conferences and meetups, and releasing regular updates and newsletters​​.

These updates and developments highlight Aergo’s dedication to enhancing its platform and expanding its influence in the blockchain domain. As the year progresses, it’s likely that Aergo will continue to introduce more innovations and upgrades, further solidifying its position in the market.

Official website: https://www.aergo.io/

Best cryptocurrency wallet for Aergo (AERGO)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for Aergo (AERGO)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).