AERUM, a next-generation blockchain infrastructure for permission-less financial applications last week announced a new commercial partnership with Bethereum, the blockchain based social betting platform.
Discussing the reasons for this partnership, Bethereum CEO Giacomo Tognoni said, “While we still believe in Ethereum as a solid blockchain foundation, Ethereum cannot cope with the performance, scalability, and cost-effectiveness requirements of our platform. This is why we’ve been experimenting with innovative Ethereum sidechain solutions for many weeks already.”
AERUM’s Chief Blockchain engineer, Patrick O’Sullivan, described the partnership during an AMA with Bethereum’s community saying, “We will be technical partners; AERUM will provide an end-to-end infrastructure solution for the Bethereum platform which will allow costless transactions and a scalable high-speed network.”
For Bethereum, this partnership represents the end of their search for a superior technical solution that could meet their needs. As a global betting platform, they needed the reliability, scalability, and speed that Ethereum simply couldn’t deliver. AERUM brings them all of this, while being far more cost-effective.
As a commercial partnership, this arrangement is mutually beneficial. Bethereum’s network will gain a comprehensive boost in transaction speed, throughput, and overall scalability, while retaining true decentralization and total compatibility with Ethereum.
AERUM, on the other hand, will gain the necessary user base to test and further develop its infrastructure. As a leader in the blockchain betting space, Bethereum (BETHER) has over 16,000 users all over the world, presenting AERUM the perfect test case to hone their solution.