After identifying the crippling shortcomings in existing solutions, AERUM has created an innovative new blockchain infrastructure designed for building and using Decentralized Applications (dApps). This platform will deliver fast, free transactions to the end-user, increased throughput, and on-demand scalability.
Identifying Critical Issues
2017, and consequently 2018, were years of massive growth for the entire cryptocurrency market. Bitcoin’s rally, as well as that of other digital ‘alt’ coins, brought serious hype on behalf of both businesses and retail investors. Naturally, this has led to an exponential increase in the number of transactions that blockchain networks have to handle, straining the limits of their capacities.
While Ethereum remains the industry leader in terms of deployed solutions, it is currently capable of handling only 20 transactions per second (TPS) which, along with the increasing costs of gas transactions, is posing serious challenges for enterprise applications.
Furthermore, there are better ways for block structures and consensus mechanisms to be adapted to suit the necessities of developers, even eliminating transaction fees entirely.
Apart from the cost and the limited scalability, another issue also riddles the cryptocurrency field, posing a substantial barrier to entry — expertise. Getting familiar with the architecture of blockchain, the infrastructure solutions or, in other words, with the code, requires serious development expertise and time. Neither of those is something which regular businesses or consumers tend to have the luxury of.
Introducing the Solution
Considering the above mentioned shortcomings and, quite frankly, flaws of the currently available solutions, AERUM provides an elegant, seamless solution.
AERUM is a blockchain platform which is reliable, quick and, most importantly, free for the end user. Unlike other projects, AERUM doesn’t compete with what’s already out there but rather complements it.
AERUM 100% compatible with Ethereum, while still offering 25x better throughput. The project provides end-to-end integration with the ETH blockchain in order to facilitate easy and secure transfers, as well as robust and provably decentralized consensus algorithms.
AERUM paves the way for developers to build scalable and reliable decentralized solutions for real-world applications within a substantially limited time frame. At the same time, using atomic swaps and petal chains, AERUM empowers them with transactions which cost no gas in the Ethereum network.
Some AERUM’s key features include:
- True decentralization
- On-demand scalability: from 500 to 100,000+ TPS.
- 5 second transaction time
- 2 second block time
- Free transactions for the end-user
- ATMOS- A delegated Cross-Chain Proof-of-Stake consensus mechanism
- Mobile, web, and desktop multi-wallet connecting AERUM to Ethereum through Atomic Swaps.
AERUM was designed and built to be a go-to solution when it comes to launching decentralized apps, social networks, games, marketplaces, and more. The on-demand scalability brought by petal chains provide virtually unlimited capabilities.
The project takes advantage of the most cutting edge and innovative design principles and technologies in the still nascent field of decentralized ledger technology. It takes away the additional administrative and infrastructure set up costs to improve the efficiency of businesses looking to tap into the advantages of blockchain.
Governance and the XRM Token
Governance on the AERUM blockchain is carried out by delegates based on a liquid democracy model. These are business entities and companies who represent projects which operate on the network. They are also stakeholders, meaning that their interests are also kept aligned with the blockchain’s improvement and development. AERUM refrains from anonymous mining and the identities of the delegates are always publicly known.
The entire governance is powered by the AERUM token, known as XRM. It is EIP20 compatible and secured by Ethereum The XRM token is seamlessly added to virtually any Ethereum decentralized exchange and is easy to list on centralized cryptocurrency exchanges as well.
The value of the token is derived from earning gas through delegated staking, from its direct influence on the AERUM governance, and from the ability to become a delegate after having provided a sufficient bond in tokens.
Be Part of the Future of Blockchain
AERUM is currently running a successful Beta, and is in the middle of the Private sale round.
In order to participate, all you have to do is get in touch with the team directly through any of the existing channels or click here to go directly to the token sale portal. It’s a one-on-one process which requires KYC and AML verification in order to remain compliant to existing legislation. The private sale will run through the 31st of December and has a $25,000 minimum.
What Comes Next?
The Whitelist Pre-Sale, which runs parallel to the private sale, starts on October 15th. The whitelist round has a minimum pledge of only $250. You can already go ahead and get your name whitelisted through our official website.
Stay tuned for more news and make sure to follow daily updates on our Facebook or Twitter page. You can also participate in the live discussion and fire away any questions you may have on our official Telegram group!
What do you think of AERUM’s vision? Don’t hesitate to let us know in the comments below!