What is ergo?

Ergo is a proof-of-work blockchain designed to be a platform for decentralized applications (dApps) with a focus on providing an efficient, secure, and easy way to implement financial contracts. It aims to offer a robust and flexible environment for developers to build novel financial instruments and services.

Here are some key aspects of Ergo:

• Autolykos v2: This is Ergo's mining algorithm, designed to be ASIC-resistant to promote decentralization in mining.
• Sigma Protocols: Ergo heavily utilizes Sigma protocols for zero-knowledge proofs and privacy-preserving features in smart contracts.
• ErgoScript: Ergo's smart contract language is a powerful and flexible language based on Scala, enabling complex on-chain logic. It's a contract language with the ability to protect the execution of a smart contract even against the contract creators.
• Storage Rent: Ergo implements a storage rent mechanism to encourage users to actively manage their coins and prevent blockchain bloat, which incentivizes the use of the blockchain.
• NiPoPoWs: Non-Interactive Proofs of Proof-of-Work enable lightweight clients and cross-chain interoperability.
• Decentralized Finance (DeFi): Ergo aims to be a suitable platform for building DeFi applications due to its robust smart contract capabilities and focus on security.

Ergo emphasizes fairness and accessibility, with no pre-mine or ICO. It has a community-driven approach and is continually evolving based on research and development in the field of cryptography and blockchain technology.