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Since the first Townhall in March this year, we have achieved milestones and have been at the forefront of innovation to implement various features on the mainnet. In this Townhall, we will discuss where Aergo is at the moment, and update you on the changes and progress made over the past months.
- Proposed by one of the community members, #AIP-16 aims to implement a redenomination plan (changing its denomination at a ratio of 10:1). The voting process began on the 1st of December, 2023, and ended on the 3rd of December. In total, 3,062,404 AERGOs participated with 11.497% voting in favor and 88.5% against.
Even though the proposal did not garner enough votes to be implemented, the Aergo team always welcomes ideas and insights from the community as the goal of the Aergo Agora is to build a decentralized decision-making framework.
2. User Engagement and Voting Experience Enhancement
To foster better user engagement and make the vote more accessible, the Aergo team will improve the overall decentralized decision-making experience by (1)introducing an in-app native staking and voting feature on Aergo Connect, (2)improving the voting mechanism and user interface to make voting more intuitive and to increase participation.
By implementing these measures, the Aergo team aims to create an engaging, user-friendly, and secure environment for decentralized decision-making, ensuring that the community plays an active role in shaping the future of the platform.
More details will be released on the official channels.
3. Public Ecosystem Expansion Initiative
Starting with the forthcoming 2.5.0 release, Aergo will shift gears to expand its focus on interoperability with public blockchain ecosystems with incremental support for Web3.js, Metamask Snaps, and of course, the Ethereum Virtual Machine.
All of the features will allow developers to build decentralized applications that can interact with the various blockchain networks while benefiting from Aergo’s hybrid blockchain architecture.
Dapp developers are an integral part of a blockchain ecosystem. The importance of the language to compose smart contracts cannot be overstated as it is THE factor determining the success of developer onboarding. By allowing developers to build smart contracts in any language that can be compiled into WebAssembly bytecode via our own WebAssembly (WASM) Virtual Machine (VM), we will broaden the range of developers who can join the ecosystem.
In summary, Aergo will support multiple programming languages for smart contract development to enhance the inclusivity, flexibility, and overall developer experience within the Aergo ecosystem. This approach will help us attract a broader community of developers, ultimately contributing to the success and vibrancy of the Aergo platform.
The Aergo team is also in communication with the major crypto exchanges to expand the Aergo mainnet support and Aergo-based assets.
More details can be found on our Aergo 2.0 WHITEPAPER and the 2023–24 roadmap.
4. Mainnet and Key Features Updates
During this quarter, there have been 4major updates on the Aergo mainnet including the recent 2.4.10. The major focus of these releases was to set up a cornerstone to expand usability and compatibility across different public blockchain networks and to expand the boundaries of Aergo and Aergo-based assets.
- Aergo v2.4.10
— Improved internal refactoring
— Bug fixes - Aergo v2.4.9
Code refactoring that includes:
— db key
— enhance the parsing of amount
— encoding
— fee calculation - Aergo v2.4.8
— Updated protobuf and dependencies
— Optimized logging
— Integration tests - Aergo v2.4.7
— Unit tests regarding the contract implemented
— VM & fixed synchronization issues
Other key feature updates include:
- Aergo Connect 3 v1.0.5 (iOS, Android)
— Vote, Stake improvement time exposure - Aergo Scan v2.4
— More convenience by supporting interactive features in the Aergo Connect and also expanding themainnet’s key features to Aergo-based private networks.
These updates collectively showcase Aergo’s commitment to technical improvements and the strategic expansion of its ecosystem and interoperability.
5. New Business Opportunities and Aergo-based Dapps
(1) Korea Blockchain Trust Framework, K-BTF
The Aergo team, along with Blocko, recently attended the Korean government’s new blockchain trust framework(K-BTF) to discuss the possibility of utilizing blockchain in the long-term public sector. Aergo and Blocko are planning to connect government blockchain-based services based on the strong compatibility of Aergo Enterprise and Aergo public mainnet and continue to offer proposals through a SQL-based architecture.
(2) Aergo-based Dapps
- BOOOST
— Aergo-based social app, BOOOST, has released a v2.0 update with major infrastructure change positioning BOOOST as the next socialFi app of Web3.
— New social features including chat, check-in, and memories are soon to be released. - CCCV
— Aergo incubated NFT-as-a-Service project CCCV has successfully launched the first limited edition NFT with Samsung in Southeast Asia. Samsung is taking steps to integrate NFTs into its platform with a focus on accessibility, user-friendliness, and blockchain-backed security. It is built on the Aergo blockchain to ensure the authenticity and ownership of the NFTs.
Technical improvements and community collaboration are foundational principles driving Aergo’s development, ensuring the platform’s evolution.
The Townhall serves as a snapshot of Aergo’s current state, but it’s just one chapter in the ongoing narrative. Aergo encourages its community to stay tuned, as the ecosystem is dynamic, and future updates will continue to shape Aergo’s trajectory.
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