Aerum, a next-generation blockchain designed for programmable P2P finance, claims to provide a “full-service platform” to address three big issues of Ethereum Blockchain that will enable entrepreneurs and business platforms to accept the technology without giving any second thought.
Aerum aims to address three big shortcomings of Ethereum Blockchain network- high transaction costs, lack of scalability and long processing times. These key issues have restricted the technology from getting wide acceptance in the global economy.
Aerum claims that through its platform can facilitate transactions having zero charges for customers and can be cleared in as little as five seconds. It will bring a great relief for entrepreneurs and businesses developing DApps (decentralized apps) based on the Ethereum protocol, opines the company. The problem of slow transaction speed becomes painful to them when the demand increases. The platform can act as a helping hand. It can make transactions anywhere between 500 and 100,000 per second.
Its lite paper reads “AERUM’s mission is to provide a complete and ready-to-use practical infrastructure for building and using dApps, while having fast and free transactions for end-users”.
The lite paper also states that the company is looking to provide a complete service solution to launch financial marketplaces based on Ethereum platform where the virtual scalability will be unlimited. It aims to do the same by creating decentralized multiple chains by its participants. The chain linkage and asset transfer will cost comparatively less than Ethereum. To further clear the air regarding its attempt, the company has stated in its lite paper that it is not intending to give any competition to Ethereum Blockchain rather, the whole attempt is to aid its high performance smart contract protocol with decentralized governance.