Ergo builds advanced cryptographic features and radically new DeFi functionality on the rock-solid foundations laid by a decade of blockchain theory and development.
Ergo is designed and implemented by a team of experienced developers and researchers, who hold publications and PhDs in cryptography, compiler theory, blockchain technology, and cryptographic e-cash.
ERGO Expressed: “Sigma protocols are the foundation of Ergo’s smart contracts. They allow for a class of efficient zero-knowledge protocols that enable us to implement tasks that would otherwise be either impossible, or else risky and expensive.”
There are numerous advantages to Ergo’s eUTXO model. Only smart contract validation is performed on-chain while other aspects of the contract are off-chain? This enables Ergo to be efficient and scalable.
Smart money according to Ergo (ERG) is ambitious, lightweight, versatile, and conservative.
Ambitious, because smart isn’t afraid to try new ideas. Lightweight, because smart isn’t exclusive. Versatile, because smart doesn’t limit its options. Conservative, because smart does not take unnecessary risks.
Ergo is Powerful but safe, intelligent but straightforward, secure but accessible, deflationary but economically sustainable, PoW mined but Protocol funded, consensus led but readily adaptable, community driven but agile.
Users can Examine Ergo Wallets. They can choose a wallet they prefer and begin using Ergo immediately. Ergo Wiki is a good place to get educated.
Ergo (ERG) is the open protocol that implements modern scientific ideas in the blockchain area. Ergo operates an open contributor model where anyone is welcome to contribute.
Ergo is also offering grants to developers who are building projects on Ergo platform.
To ensure node security: An Ergo node needs storing security-critical parameters in the configuration file. This file is never made public. An Ergo node provides a REST API for interacting with the built-in wallet. Sensitive API methods need a security token, that should never be sent over untrusted channels. The Access to the Ergo REST API must be restricted to known hosts. In particular, the API must not be accessible from the Internet.
Contractual money from Ergo: Ergo is improving on Bitcoin’s way of writing contracts by attaching a protecting script together with additional custom data to every coin.
Ergo applications are defined in terms of guarding scripts, which are built into boxes which contain data involved in execution. They have coined the term “Contractual Money” for Ergs and secondary tokens, the usage of which is bounded by a contract.
For instance, in addition to regular protection by some m‐of‐n signature, Ergo permits specifying the possible recipients of these coins, which may also be a contract with such complex conditions. This “chaining” approach permits implementing secure and efficient contracts of arbitrary complexity.
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