Aragon (ANT)

Aragon is a decentralized application (dapp) that is built on the Ethereum blockchain. Founded by Luis Cuende and Jorge Izquierdo in 2017, the Aragon dapp allows users to build decentralized organizations, complete with smart contract capabilities and the inherent benefits of cryptocurrencies, which remove any obstructions arising from geography or jurisdiction. 

“Pledging to fight for freedom,'' the Aragon dapp can broadly be described as a one-stop shop for teams to create and maintain a decentralized organization. These tools include payments systems and options, voting systems for the organization, auditing features and other general applications relevant to running an organization or community. Alongside Aragon, founders Luis Cuende and Izquierdo have also formed Aragon One, a blockchain company dedicated to building the tools and ecosystem growth required for Aragon’s success.

The ANT token acts functions as the fuel for the operation of these decentralized communities, and is chiefly used for governance in communities.

The Aragon dapp is already up and running on the Ethereum mainnet, and the process of creating a community is straightforward, as the team had envisioned. Smart contracts define stakeholders in each community and the extent of their privileges. The Aragon Court Protocol resolves disputes should they arise. 

The team has been working on several products in 2019, as well as a general network upgrade, the most recent of which is Aragon 0.7 Bella, released in April 2019. This year is also seeing a lot of effort being put into applications, the Aragon Court Proposal and delegate voting, among many other things. The team also offers comprehensive updates on operational, legal and recruitment efforts.

Going into 2020, the team will focus on a mainnet release on Ethereum 2.0 and a multi-client testnet that is expected to be released by the end of this year.