A startup aims to attract social networks, gaming companies and mobile payments providers through a "full-service platform" that eliminates the hassles associated with the use of blockchain technology to reach customers.
Aerum says its offer is aimed at entrepreneurs and companies that create DApp (decentralized apps) based on the Ethereum protocol. According to the company, its infrastructure faces the high transaction costs, lack of scalability and long processing times that have made the blockchain an impractical choice for many companies, hampering its progress to become a dominant force in 39; global economy.
Through its platform, Aerum claims to be able to offer free transactions for customers and approved in just five seconds. Everywhere between 500 and 100,000 transactions per second can be processed through its protocol, helping to alleviate the growing pains that many young businesses face when they experience an increase in demand. For users, "feature-rich" mobile and web portfolios will be available.
Over time, it has the ambition to become the number one platform based on Ethereum, with its lite card stating: "The goal of Aerum is not in competition with Ethereum, but integrates it as a protocol of a high-performance intelligent contract with decentralized governance. "
The company claims that another major obstacle to entry into cryptography is constantly underestimated: the experience. Aerum warns that it is unlikely that companies or consumers can ever fully grasp the opportunities offered by blockchain unless the infrastructure is simplified, as well as the technical barriers necessary to make a project take off. Describing his motivation, the team adds: "There is a lack of complete plug and play solutions that allow anyone to participate without investing heavily in research."
What aspect has a vital blockchain
Aerum argues that there are several boxes that a blockchain platform should tick if it has any chance of effectively challenging current payment processing companies: reliability when it comes to network availability, economic rates for merchants, a practical model of governance and a easy way to transfer the value to and from the largest cryptocurrencies in the world.
He says his platform is 100% compatible with Ethereum, the Solidity and DApps programming language, and boasts big blocks that can handle complex smart contracts with ease. "Easy and intuitive token transfers" between the native token of Aerum (XRM) and Ethereum are achieved through "powerful cross-chain atomic exchanges" that occur directly in a user's portfolio.
The Aerum offer is open source and will be available for free use under a MIT license. While the new maintenance versions would take place once a month, the new features will be unveiled every three months.
In a blog post, Aerum revealed that it was recognized as one of the first three ICOs during a private event with a total of nine participants at the Blockchain Solutions World Congress in Barcelona.
Regarding the industries in particular benefiting from its solution, Aerum says that fintech companies that offer peer-to-peer (P2P), insurance and remittance services – along with credit – could receive an impulse from its technology while their sectors continue to grow. The betting platforms and forecasting markets are also listed as benefactors, as are eSports social networks, games and brands.
"The P2P economy has always been around, but with such a dramatic increase in capacity and efficiency provided by the blockchain, we can expect to see a significant reconfiguration in the economy as we know it," he adds. the Aerum white paper.
After the conclusion of its whitelist turn, a crowdsale will start in January 2019. The XRM tokens will then be listed on the stock exchange in February 2019, with the launch of the mainnet in the same month. A working prototype of the Aerum network was delivered in August, and this will be used to establish a beta version of its mainnet in December.
Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim to provide you with all the important information we could obtain, readers should do their research before taking any action related to the company and bring full responsibility for their decisions, nor can this article be considered as an investment advice. .