Ergo (ERG)

  REPORT

   

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66 | A decentralized digital content distribution protocol and a marketplace.
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Ergo is a next-generation Proof of Work smart-contract contract platform that enables new models of financial interaction, underpinned by a safe and rich scripting language and flexible and powerful Zero-Knowledge proofs (Σ-protocols).

Ergo is a self-amendable protocol that allows it to absorb new ideas and improve itself in the future and is based on original research published at known peer-reviewed conferences. Prioritizing useful features without compromising security using a research-driven but practical development model.

Creating financial contracts on the blockchain isn’t just about functionality; it’s about making that functionality safe, accessible, and powerful.

Ergo provides superior support for real-world financial agreements. It does this through:

A simple high-level language, ErgoScript, with support for formal verification of contracts.

Sophisticated smart contracts with Turing-complete support.

Turing-complete smart contracts.

Easy Oracle creation allows robust decentralized networks of oracles organized into a trust hierarchy within a pool, bringing lower risks of exploits and manipulation.

Sigma Protocols that enable world-class optional privacy on the peer-to-peer level; and truly unstoppable DeFi.

Support for Multi-Stage contracts that operate on a stateful level.

Ergo mining is based on Autolykos, an ASIC-resistant Proof of Work algorithm written in Scala. It can run on most low-end GPUs at cooler temperatures than other algorithms.

Project Team

Ergo was founded with a team who have solid backgrounds in core development with cryptocurrencies and blockchain frameworks including NXT, Scorex, Cardano, and Waves. Below are brief biographies for some of the core ERGO team as well as some of the many other developers and community members involved, some of whom are anonymous.

Alexander Chepurnoy

Co-founder

Former NXT core developer

Daniel Friedman

Strategic consultant

Former business developer of IOHK

Ilya Oskin

Software Engineer

Lead Scala Developer at mail.ru.

Angie Har

Marketing Manager

An expert in crypto marketing

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