In today's rapidly evolving tech landscape, where many platforms turn to blockchain for solutions, Aragon distinguishes itself. It offers a unique approach for conventional businesses and organizations aiming to harness the full advantages of blockchain and decentralization through a user-friendly and potent interface.
Unveiling Aragon's Core Elements and Technological Foundations
The backbone of Aragon lies in its core functionality and flexibility. It was crafted using Aragon Core, which is a Solidity-based DAO framework, alongside web-based decentralized apps. Aragon is steadfast in its commitment to two foundational principles to ensure the platform's enduring success.
- A governance system for decision-making
- A decentralized court solution
- An upgrade system
- A capital system for token issuance and management
- Bylaws that define user permissions
- An accounting system for financial oversight
At its core, Aragon serves as a decentralized application layer atop the Ethereum blockchain, enabling a decentralized space where users create and manage organizations within Aragon Network's defined yet customizable guidelines. The Aragon Core protocol establishes these guidelines, offering a modular design for upgrades to meet specific organizational needs in a seamless manner.
Interfacing with Aragon is designed to be simple and intuitive for non-tech users. Yet, it provides an environment for developers to fashion smart contracts and refine the network's capabilities. The Aragon Core v0.5 Beta showcases the platform's capacity to transform sophisticated infrastructure and smart contract designs into user-friendly interfaces, effectively trimming intermediary costs that were traditionally a hefty burden for companies.
This shift enables experimenting with new organizational models, whether it’s users crafting open-source projects or companies cutting down on overheads for streamlined operations. Moreover, Aragon seamlessly integrates DAO principles, laying the groundwork for users to eventually gain control of the network. These users—be they individuals, firms, or larger entities—can govern the system through ANT token-fueled proposals and voting.
Looking to the future, the network aims to achieve self-sufficiency by collecting network and transaction fees. As such, these fees will support maintaining network development and other services, specifically in crafting core contracts, establishing a decentralized court system, and instituting a built-in bug bounty program to enhance contract upgradeability.
release is currently liveA unique aspect of Aragon is its pioneering role as a community-governed digital jurisdiction, essentially acting as a decentralized borderless court to address disputes. A significant upgrade of Aragon’s approach here focuses on addressing subjective breaches in smart contract code. This is crucial as code, at times, can leave room for interpretation, failing to resolve conflicts explicitly.
This heightened focus mitigates dispute resolution challenges, and when coupled with the proper ANT incentive mechanisms, comprehensive code audits, network-wide bug hunts, and proxy libraries for smart contract upgrades, Aragon furnishes an unparalleled digital dispute resolution framework.
Aragon presents a toolkit of modules for identity management, asset control, voting, accounting, payments, insurance, and capital handling. Essential to governance, these modules allow organizations to operate seamlessly in a trustless atmosphere. Importantly, many of these modules help cut down administrative costs as they can be toggled on or off, with full customization available to organizations. Envision each organization crafting its own network atop the overarching Aragon Network's framework, where basic logic is predefined, and bespoke functionality can be incorporated.
By emphasizing these key aspects, Aragon influences the network's entire architecture. This includes a suite of distinct features and resources available to users. The main operational logic for organizing management resides within Aragon Core, which consists of four primary components.
A number of novel applications, aside from conventional governance, are highlighted by Aragon:
- A political election voting module ensuring that candidates adhere to campaign commitments through small-scale prediction market models.
- A contractor payment module offering payment based on set milestones or other user-defined criteria.
- An adaptable accounting module with advanced data display features.
Use Cases of The Aragon Platform
Another notable usage of the platform is the Aragon Network Jurisdiction (ANJ), which sets contract standards for arbitration, allowing ANT holders to vote on arbitration rules. This empowers organizations to interact with each other, or for employees to interact with employers, by submitting contracts to the ANJ—offering a cryptographic outline of business relationships. This ensures a fair, transparent oversight model within a fully decentralized framework.
The ANT token acts as Aragon's native cryptocurrency and plays an integral part in its governance model and incentive framework. It symbolizes the wealth within the decentralized structure and was first introduced during a successful ICO in May 2017, which garnered $24 million.
Over time, ANT has grown to hold a substantial portion of governance within the platform. ANT holders participate in voting, arbitration, and the decentralized court system, as well as make contributions to the non-profit Aragon Foundation or engage in R&D initiatives through the
ANT follows a continuous token model wherein tokens are minted by the network, accompanied by an inherent cost. Essentially, minting ANT incurs fees, and a portion of the membership fees paid by organizations funds the creation of new tokens. This setup incentivizes organizations to pay network fees, receiving additional ANT tokens in return, thus heightening their influence across the network as ANT ownership directly relates to power within the decentralized proposal and voting ecosystem.
The ANT Token
This approach is somewhat controversial, given that token costs align with market equilibrium set by token holders. Nonetheless, over time, this equilibrium cost for minting is expected to arrive at an optimal price with a corresponding inflation rate.
At present, ANT isn’t purchasable with traditional “Fiat” currency. Instead, potential buyers must first secure alternative cryptocurrencies—Bitcoin or Ethereum being the simplest to acquire, attainable through bank transfer or card purchases on platforms like Coinbase. Subsequently, these can be exchanged for ANT tokens on exchanges listing them.
Aragon Nest program. 
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ANT is currently available for purchase on these Exchanges:
How to Buy Aragon ANT
The Aragon project comprises a talented and varied team, boasting individuals with exceptional achievements in blockchain and decentralized computing. Although open-source and community-oriented, several noteworthy core members stand out.
Make sure you use our link to signup Luis Cuende is steering the project, recognized as “The Best Underage European Programmer” in 2011, included in Forbes’ “30 Under 30”, and previously part of Stampery’s founding team. Jorge Izquierdo serves as the Tech Lead, having worked on multiple ventures and acquiring accolades like the Thiel Fellowship and an Apple WWDC scholarship.
Community members are encouraged to contribute ideas, proposals, and improvements using the resources provided on their
The Team Behind Aragon
website. Furthermore, they can apply for grants by submitting proposals to the Aragon Nest Program.
Currently, “The Architect” Beta release is live on the Ethereum Rinkeby Testnet. The Aragon team is diligent in providing regular updates on platform progress, alongside a plethora of news and resources through their
The platform is slated for a mainnet launch in Q2-Q3 of 2018, with the introduction of the decentralized court system forecasted for Q4 2018.
Github Discover Aragon Coin (ANT): An In-Depth Introduction, Comprehensive Overview, and EvaluationRoadmap
Aragon represents an innovative blockchain initiative designed to establish decentralized systems and frameworks enabling organizations, businesses, and applications to securely govern their structures by utilizing Ethereum's blockchain along with a core modular design. Medium page.
Essential Guide to Aragon: Pioneering Decentralized Governance & Framework for Organizations
Conclusion
Aragon: A Decentralized Framework for Governance and Organizational Management
This visionary project is dedicated to constructing a decentralized framework for exchanging value by providing a system for various entities to securely manage their operations, leveraging the Ethereum blockchain's potential and a modular core structure.
