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Now that cryptocurrencies have entered a bear market, I prefer to spend most of my time looking at projects that have the potential to radically change the landscape. Technology has always been the fundamental reason why cryptocurrencies have risen to the fore. 2017 was certainly an exciting time for the cryptographers, but during that craze, I think many have lost sight of the original reason for which cryptography existed. The Lambo are fantastic but the long-lasting technology that makes our world a better place is even better.
Tested limits
During the peak of the crypt boom, transactions were increasing at an exponential rate. This is mainly due to the increase in the take-up by companies, institutional operators and retail traders. The problem is that blockchain simply was not ready for primetime. During that time, the networks became a bottleneck and they struggled to keep up with the demand.
Holders of cryptographic tokens usually prefer to boast about the speed of their network transactions, especially compared to traditional payment methods. The image below shows where the transaction rates are currently.
As can be seen clearly, VISA, perhaps the most traditional of all payment methods, is still the king. But, to be honest, cryptography is still in its very early adoption phase, so this will definitely change over time.
Ethereum is of particular interest as it faces some obstacles that need to be addressed. Those include the following:
- Speed: 20 transactions per second will not cut it in the future
- Cost – During the boom of the crypt, the costs of the GAS have continued to increase in price
- Scalability: the typical size of a blockchain block is 1 MB. Attempts to increase the size of the block have proved extremely difficult so far. Alternatively, start-up companies use hybrid models to enable much faster transactions. The hope is that these models will greatly improve scalability.
Enter AERUM
AERUM is a blockchain platform that provides a complete infrastructure for unlicensed financial applications for a decentralized economy. This platform will include free real-time transactions for consumers with almost unlimited scalability.
As described above, AERUM has the potential to solve the current problems of speed, cost and scalability of Ethereum. The positive aspect is that AERUM does not have to replace Ethereum to do it. All you have to do is complete the existing structure.
Many promising applications have already been created on the Ethereum network. Imagine if those applications could benefit from the following advantages:
- Decentralization
- Scalability from 500 to 100,000 TPS
- 5 seconds of transaction time
- 2 seconds of lock
- Free transactions for customers
- API for APPS and E-Commerce
Well, AERUM will offer this and more.
Upcoming catalysts
In a bear market, like the one we are currently in, cryptocurrency traders really need to pay attention to important catalysts that could help drive prices. On the AERUM homepage, the company's roadmap is presented in a very detailed and there is much to be expected.
The ITO sale of the company (Symbol: XRM) will end in January 2019, so now it's time to evaluate this opportunity. Shortly after the completion of the sale of tokens, AERUM intends to list the cryptographic exchanges and publish its web and mobile portfolios. The 1.0 version of the company's blockchain platform should be launched in July 2019. The launch of this platform will undoubtedly be an important event for AERUM and industry. Currently, V1.0 plans to include decentralized governance, a collateral gateway and a stable token integration.
When it comes to ITO / ICO, investors always want to know what the company intends to do with the proceeds. AERUM currently plans to use the capital for the following:
- Protocol development – 40%
- Education and subsidies – 30%
- Operations and marketing – 15%
- Community & Adoption – 15%
Institutional investment
When it comes to investing (in all types of financial markets), I always feel much better knowing that institutional money is involved. Institutions spend countless hours, days, weeks and months with due diligence before making an investment, especially in a start-up.
In November, AERUM announced a long-term strategic partnership with Crypto Global Capital. As part of this partnership, AERUM will receive an investment of $ 1 million that will be used for business development.
Alastair Lidel, Investment Manager at Crypto Global Capital said this about the partnership: "AERUM is really a revolutionary technology that the industry is already starting to realize." I could not be happier to work with Alex and the team and to be able to help them get the right position – number 1. "
Conclusion
Even if the crypt is in a bear market, the glory days will come back. And when that time comes, it is essential that blockchain technology is able to handle all transactions and greater adoption that will surely accompany it. The AERUM platform could prove to be a big key to making this happen.
Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. It holds investment positions in the currencies, but does not carry out trading activities in the short term or daily.
Featured image courtesy of Shutterstock.
