Aragon aims high with its objective of crafting a decentralized setup for value exchange. It offers a structure for entities and applications to manage their operations securely by utilizing the Ethereum blockchain and a modular central design.
In a landscape teeming with blockchain-based, decentralized solutions, it's essential to understand unique features and strengths of various platforms. Aragon presents a groundbreaking method for traditional entities eager to harness the advantages of blockchain and decentralized networks via a user-friendly and robust interface.
What Constitutes the Core Elements and Technology of Aragon?
The Aragon system is built on Aragon Core, a Solidity-based DAO framework, alongside web-centric decentralized applications. Aragon zeroes in on two essential principles to maintain its longevity as a decentralized ecosystem.
- A decentralized court solution
- An upgrade system
Focusing dynamically on these elements affects the entire structure and core design of the network, leading to unique user-centric features and resources. Aragon Core houses the majority of the functional logic for organization management, composed mainly of four key elements.
- Bylaws that define user permissions
- Decision-making Governance System
- Token Issuance and Control via its Capital System
- Fund Management through its Accounting System
At its core, Aragon serves as a decentralized application layer atop the Ethereum network, facilitating the creation and management of organizations within customizable parameters laid out by the Aragon Network. These parameters, dictated by the Aragon Core protocol, are crafted modularly to support upgrades, enabling intuitive and beneficial enhancements per organizational needs.
Interacting with the Aragon platform is simple, designed especially for non-tech users, while still offering an environment for developers to craft smart contracts and refine the network’s capabilities. Aragon Core v0.5 Beta highlights this synergy with its ability to simplify complex systems and smart contract arrangements, thus diminishing the operational costs typically borne by conventional businesses. release is currently live This revolutionary organizational format encourages diverse experimentation, whether individuals embark on open-source projects or firms seek to streamline operations and minimize costs. Moreover, by embedding decentralized autonomous organization (DAO) principles into its core, Aragon foresees transitioning network governance to users. These users, ranging from individuals to corporations, will manage the system via proposal and voting schemes rooted in the ANT token reward model.
Furthermore, the platform anticipates becoming autonomously self-sustaining through collecting network and transaction fees, funneling token allocations towards network advancement and non-core services, like the design of key contracts, the decentralized courtroom, and an inherent bug bounty platform for contract modifiability.
An essential function of Aragon is to function as the foremost community-driven, decentralized organization serving as a digital jurisdiction. Essentially acting as a boundless decentralized judicial system to resolve disputes, Aragon's implementation has improved past DAO models by addressing subjective inconsistencies in smart contract codes. These inconsistencies often arise when code interpretations vary due to ambiguous or unresolved conflicts.
Central Operations and Tailored Features
By focusing on overcoming these disputes, coupled with a strategically structured ANT incentive, code examinations, platform-wide bug bounties, and proxy libraries for smart contract upgrades, Aragon proposes a superior digital dispute resolution framework.
Aragon provides modules for identity verification, ownership control, voting, fund management, payments, insurance, and capital. Such modules are vital for organizational governance, fostering seamless interaction within a reliable, trust-free environment. Many modules effectively decrease administrative costs and are toggable by organizations, enhancing full customization. Essentially, each entity within Aragon holds a bespoke network within the broader Aragon structure, where main logical parameters are set, but further functional enhancements can be pursued.
Aragon identifies numerous unconventional use cases beyond standard organizational governance in their insights. These include:
Use Cases of The Aragon Platform
A political election voting module that ensures candidates maintain campaign commitments using a condensed prediction market approach. white paper and include:
- A contractor remuneration feature allowing for payments based on defined milestones or user-predefined criteria.
- An adaptable accounting module equipped with sophisticated data visualization tools.
- Another noteworthy application of the platform is the Aragon Network Jurisdiction (ANJ), which outlines contracts providing arbitration solutions and enables ANT holders to decide on arbitration procedural rules. Through this, organizations or individual contractors can engage by submitting contracts to the ANJ, detailing their affiliations cryptographically, thus endorsing a balanced and transparent oversight structure in a purely decentralized manner.
The ANT token stands as Aragon’s native cryptocurrency, central to its governance and incentive framework. Reflecting the decentralized economy's wealth, ANT originated from Aragon’s successful ICO in May 2017, amassing $24 million.
The ANT Token
The ANT token has consequently become a pivotal governance mechanism within the platform. ANT holders participate in voting on proposals, are involved in arbitration, benefit the decentralized court system, and contribute towards the non-profit Aragon Foundation or engage in research and development through the ecosystem.
ANT tokens adhere to a continuous token framework, perpetually minted by the system with associated costs. The essence is that creating ANT incurs costs, and a fraction of the fees entities pay to join the network will underwrite new token creations. This incentivizes organizations to pay fees, as they gain ANT in return, amplifying their influence across the network. The ANT holdings directly correlate with influence over the decentralized proposition and voting apparatus. Aragon Nest program.
This model for ANT token distribution is debated since token pricing hinges on market equilibrium among network token bearers. Nonetheless, over time, this equilibrium should stabilize the cost of minting tokens to an ideal price, coupled with an optimal inflation percentage.
Purchasing ANT directly with 'Fiat' currency isn’t an option. Instead, one must first acquire other cryptocurrencies, typically Bitcoin or Ethereum, which can be easily bought at Coinbase via bank transfers or debit/credit card, and subsequently exchanged for ANT at platforms listing the token.
How to Buy Aragon ANT
Upon your first $100 purchase, you'll be gratified with $10 worth of bitcoin.
Make sure you use our link to signup ANT can be procured from the following Exchanges:
boasts a multifaceted and skilled team with notable accomplishments and accolades in blockchain and decentralized computing. The project remains entirely open-source and community-led, yet several core members warrant highlighting.
The Team Behind Aragon
The Aragon team Luis Cuende captains the project, credited with accolades such as 'The Best Underage European Programmer' in 2011, and is a Forbes '30 Under 30' member. Cuende is also the mind behind Stampery. Jorge Izquierdo, the Tech Lead, has contributed to numerous initiatives, earning accolades such as the Thiel Fellowship and an Apple WWDC scholarship.
Community participants are encouraged to suggest, propose, and enhance platform features via resources detailed on their site. Opportunities to propose grants through the Aragon Nest Program are also accessible.
Currently, the Beta 'The Architect' edition is operational on Ethereum’s Rinkby Testnet. Frequent updates on development milestones, news, and supplementary resources are consistently shared by the Aragon team. Github The anticipated mainnet deployment is slated for Q2-Q3 2018, with the decentralized court system expected by Q4 2018.
Roadmap
Discovering the Essence of Aragon Coin (ANT): A Beginner's Guide, Insights & Review Medium page.
Aragon is an innovative initiative in the crypto-sphere, aiming to establish decentralized frameworks for entities like organizations, corporations, and applications. This endeavor provides a secure means to manage systems by harnessing Ethereum's blockchain technology and a highly flexible core architecture.
Conclusion
Aragon Demystified: Navigating Decentralized Governance & Organizational Frameworks
Exploring Aragon: Architectural Pillars of Decentralized Governance & Organizational Frameworks
