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Ergo builds advanced cryptographic features and radically new DeFi functionality on the rock-solid foundations laid by a decade of blockchain theory and development.
The platform takes the best-established features of Bitcoin – including PoW consensus and distribution, UTXO model and limited supply – and adds further technologies to enable flexible, powerful dApps.
Sigma protocols are the foundation of Ergo’s smart contracts. They allow for a class of efficient zero-knowledge protocols that allow implementation of tasks that would otherwise be either impossible, or else risky and expensive. For example, Sigma protocols enable ring and threshold signatures out of the box. This functionality has already been used to build a trustless, non-interactive mixer for coins and tokens.
The platform offers decentralised governance, ensuring key parameters (such as block size and other features) can be updated without controversial hard forks. Storage rent provides miners with long-term revenues, without continually inflating supply. Development and marketing are partially funded by the protocol, which allocates a proportion of mining rewards to the Foundation for 2.5 years via a built-in smart contract.
Ergo’s core team has extensive experience in blockchain core development from previous roles in major crypto projects.
97,739,925 (Block Reward Ends after 8 Years)
Sigma Protocols, Smart Contracts, DeFi