Thread by @ergoplatformorg

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