What is Ergo?
Ergo is a programmable PoW #blockchain like #Ethereum, without gas fees and builds upon #Bitcoin's UTXO model.
#Ergo serves as an efficient, decentralized and secure, smart contract platform, with optional privacy.
🧵👇 Let's Explore
Fair launch, no pre-mine no #VCs
"#Cryptocurrency should provide tools to enrich ordinary people. Small businesses that are struggling to make ends meet, not big depersonalized financial capital. This is what inspired me. This is my dream"
@chepurnoy
ergoplatform.org/en/blog/2021-0…
#Ergo has taken a research-driven approach led by some of the smartest minds in the industry
This research has led to Ergo implementing numerous unique features
Let's touch on some key features
🔸eUTxO
🔸#ASIC resistant
🔸Sigma Protocols
🔸#Privacy
🔸NIPoPoWs
🔸Storage rent
The eUTXO model #Ergo utilizes has many advantages over the account-based model used by #Ethereum. It enables Turing complete SCs and provides superior
🔸Immutability
🔸Privacy
🔸Scalability
🔸Interoperability and
🔸Transaction cost predictability
More docs.ergoplatform.com/dev/protocol/e…
Autolykos is #Ergo's underlying Memory-hard ASIC-resistant PoW algorithm, oriented towards GPUs
Miners have to perform memory-hard computations (currently ~4 GB of vRAM) that makes Ergo friendly for #GPU mining
More docs.ergoplatform.com/dev/protocol/a…
Sigma protocols are a well-known class of zero-knowledge proofs (ZKPs) that allow #developers to implement very powerful #privacy processes
They enable dApps on #Ergo that would be either complex and messy or simply impossible on other platforms
More docs.ergoplatform.com/dev/scs/#sigma…
One #blockchain issue is an individual's right to #privacy
ZKPs not only allow for a high degree of privacy but also ensure that the ecosystem’s security is not compromised
ErgoMixer is the industry's first non-custodial, non-interactive #mixer
More ergoplatform.org/en/blog/2020_0…
#NIPoPoWs are short proofs that verify an event actually happened on a PoW blockchain, without connecting to the blockchain and downloading all block headers
E.g. these proofs can illustrate that a payment was made on a light wallet or cross chain
More docs.ergoplatform.com/dev/protocol/n…
Millions in $BTC have been lost to dust
Storage rent is a unique feature. It allows miners to take a small amount of ERG from boxes that have remained unspent for 4 or more years
This allows #Ergo to avoid long-term bloat from dust/lost wallets
More
ergoplatform.org/en/blog/2022-0…
The #Ergo ecosystem is thriving on both development and community fronts, to explore further head over to sigmaverse.io
🔸#dApps
🔸#NFTs
🔸#Dev tooling
🔸#Mining pools
🔸+ more!
If you want to know more about the technical concepts of #ergo, head over to docs.ergoplatform.org
There is a ton of information and is constantly being updated!
There is a lot going on here at #Ergo. head to our socials to stay up to date!
linktr.ee/ergoplatform
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