Categories: EducationFAQ

What Is Aragon?

Aragon is another one of those cryptocurrency projects intent on making the world a fairer place for everyone. More specifically, the team aims to build an infrastructure which lets anyone create value without borders or intermediaries. Additionally, they hope to democratize governance in the future, although that will not be easy. Decentralized organizations are an appealing business model, but making sure they work in the real world is something else entirely.

Why Does Aragon Exist?

With so many other cryptocurrency and blockchain projects focusing on democratizing governance and autonomous organizations, it may be hard to figure out what makes Aragon unique. By waving goodbye to intermediaries, organizations will be able to create and maintain “unstoppable applications”. There is no censorship or downtime involved, and the decentralized design ensures a borderless and permissionless way of operating. It is an interesting platform which will certainly attract attention from developers all over the world.

Under the Hood

Providing a new framework to run decentralized applications is not something coders do in a few hours. Aragon Core is the main bread and butter of this ecosystem, as it paves the way for

Related Post
dApps, organizational tokens, and new ways of raising funds. By incorporating voting, organizations can achieve decentralized consensus on all matters that come to mind. Plus, the Aragon ecosystem allows for instant payments with just a few clicks. There is a lot to like about this project, especially once all of these features are accessible to everyone.

Whether or not decentralized organizations will resolve the world’s pressing problems remains to be seen. As this project is based on the Ethereum blockchain, it also offers all typical Ethereum-oriented functions, such as smart contracts, to its users. The team is confident they can take this project well beyond organizations as well. It seems there are plans to integrate a decentralized exchange at some point, which is something to look forward to. With its focus on financing open-source projects, Aragon may become quite a big player in this industry over the coming years.

What is Aragon’s Coin?

Most people have come across the ANT token on various exchanges. This is the native currency of the Aragon project and has no use cases as of right now. Once the network officially goes live, ANT will be used to influence the governance of the network, for voting, and more. For now, it is a speculative asset first and foremost, as the Aragon project will need to reach version 0.7 before ANT is useful.

What Comes Next for Aragon?

As one would expect, there is a proper development plan for the Aragon project. We are nearing the release of Aragon 0.5, which adds a new permission system, an organization-wide identity, and a core modules API. It is expected this version will go live in April. Future releases will incorporate even more features, with 0.7 being the major milestone to look forward to. This release will introduce basic network-wide governance, ANT token minting, and a few other things. Future releases will be made available to the public after 0.7 has gone live, which is expected to occur in May.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Altcoins to Watch in November: Binance Coin (BNB), Rollblock (RBLK), and Neiro (NEIRO)

As the crypto markets roll into their most bullish time of year, we present three…

12 seconds ago

Analysts Forecast $1 for Cardano and Lunex Network As Dogwifhat Plunges To Former Lows

As the crypto market prepares for a major rally, experts believe that two top altcoins,…

8 mins ago

Retail Traders Panic Sell During ‘Fake Dip’; Whales Hold Tight to SOL, DTX, and SHIB for a Millionaire-Maker Bull Run

Solana (SOL): A Strong Ecosystem Despite Volatility Solana (SOL) has been all over the place…

52 mins ago

Llama 3.2 Predicts Price For Dogecoin: $2 Peak By 2025 And $5 Rally For DTX Exchange This Winter

Cryptocurrency trends are keen on the forecast that was recently released by Llama 3.2 model…

2 hours ago

Crypto Whale Sparks 8x Surge In $OPK Price with Massive Buy-in

A mysterious crypto whale, who previously invested 9,600 SOL into tokens $Pnut and $FRED, has…

3 hours ago

Early ENS Investor Transfers $2.47M To Binance Amid Upcoming Token Unlocks

An early investor linked to the $ENS token recently transferred 154,000 ENS tokens, valued at…

3 hours ago