Ergo

Ergo ERG

$0.6225
Market Cap $ 13.078 MM (#370)
24h Volume $ 197.050 K
Chg. 24h: -2.57%
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Ergo project purpose and description

Ergo clarity of purpose

Ergo purpose and aspects

Ergo Platform will focus on bringing blockchaina nd cryptocurrency to everyday users through scalability. Also, it plans to let users run full nodes from even the most basic, low-end devices such as phones and more

Ergo additional differentiation against competition

While Ergo is currently a Waves Asset, when its mainnet will be released, all tokens will be swapped.

Ergo categories

Platform

Short description

Ergo (ERG) is a Resilient Platform for Contractual Money with the main focus to provide an efficient, secure and easy way to implement financial contracts. ERG is the native currency for the Ergo platform and also works as the transaction and storage fees to miners on the Ergo network. The Ergo network went live on July 1st, 2019 with no premine. Ergo is based on Autolykos PoW algorithm, the first PoW algorithm that is memory-hard and pool-resistant. Every coin in Ergo is protected by a program in ErgoScript, own scripting language based on Σ-protocols. Support of light nodes allows it to run Ergo DApps and implement offchain protocols in a truly decentralized way. Ergo's on-chain miner voting protocol allows gradual changes in a large number of parameters including maximum block size, storage fee factor and more. Ergo is a self‐amendable protocol, uses widely-researched solutions while also preventing performance degradation over time with a new economic model.

Abstract

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Link to Roadmap: n/a
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