"#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
#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
#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
Exciting news! Bitcoin is now bridged to the Ergo ecosystem via the @RosenBridge_erg. This decentralized infrastructure enables trustless transfers between BTC and Ergo, opening up new DeFi possibilities.
The Rosen Bridge allows Bitcoin to be deployed within Ergo's growing DeFi ecosystem as rsnBTC. Ergo's eUTXO model and ErgoScript enable powerful dApps that can now use Bitcoin as collateral.
Key players in the Rosen Bridge:
🔸Watchers: Monitor blockchains for events
🔸Guards: Execute transactions based on Watcher info
Both earn fees for their roles in maintaining the bridge's security.
Bitcoin is the king of peer-to-peer value storage & transfer, but it has limitations like slow speed, limited capacity & high fees. Attempts to add advanced features like smart contracts directly to Bitcoin's protocol have proven controversial & raised security concerns.
Enter Ergo - a blockchain platform that can act as a powerful smart scripting layer for Bitcoin, enabling complex DeFi applications without compromising Bitcoin's core purpose as a secure store of value.
Key advantages of using Ergo as Bitcoin's smart layer: 🔸Advanced cryptography & efficient smart contracts
🔸Operates as a Bitcoin sidechain using double merged-mining
🔸Rosen Bridge enables trustless, fast cross-chain BTC/ERG transfers