Ergo Mainnet Launch happened on July, 1st, 2019 (with no premine proof made of latest block hashes from Bitcoin & Ethereum and latest headlines from The Guardian, Vedomosti and Xinhua).
What are the main points of Ergo?
- Rigorous research and scientific approach: Ergo is based on original research, published at known peer-reviewed conferences. List of scientific papers is available at https://apograf.io/c/7MEY3, but Ergo is not limited by research and it also implements other novel scientific ideas.
- Contractual money: a new advanced transactional language built from scratch by team, with a higher-level language for developers called “ErgoScript”. Two tutorials available on website: https://ergoplatform.org/docs/ErgoScript.pdf and https://ergoplatform.org/docs/AdvancedErgoScriptTutorial.pdf. It is more advanced scripting language than Bitcoin while maintaining security and not introducing blockchain bloat problems. Scripting language in itself is non-Turing complete but applications ran on the platform can be made to be Turing complete as demonstrated in this peer reviewed paper https://arxiv.org/pdf/1806.10116v1.pdf.
- New PoW consensus algorithm Autolykos, which was designed in collaboration with The Research Institute (https://researchinstitute.io/). It is the first ASIC-resistant and pool-resistant consensus algorithm to be deployed (mining pools won’t work in Ergo for sake of Decentralization!). Technical details in this paper: https://docs.ergoplatform.com/ErgoPow.pdf.
- Trustless Light Clients with Minimal Resource Requirements: Ergo block header supports NiPoPoWs that enable synchronizing network by downloading < 1Mb of data. This is further made possible by the fact Ergo state is authenticated as detailed in this paper from 2017: https://eprint.iacr.org/2016/994.pdf.
- New Economic Model: Key feature of the new model is miners charge users a fee for any UTXO that remains unmoved in state for 4 years (“storage rent fee”). This accomplishes stable mining revenue to secure network, prevents “state bloat” and enables a short release schedule – Ergo emission fully completes in just 8 years. Details in this paper: https://fc18.ifca.ai/bitcoin/papers/bitcoin18-final18.pdf.
- Mined from Zero via PoW with no ICO or Pre-mine. It is about a hope to achieve as fair distribution of Ergs as possible to enhance decentralization.
- Decentralization First: Core commitment of Development team and community. Top item in “Ergo Vision” section of white paper. Many of the above features’ main purpose is to achieve this goal.
- Resiliency and Survivability: Decentralization First is to accomplish this goal. Ergo should be alive and operational for an indefinite amount of time and Contractual Money contracts on Ergo should be able to survive for at least the length of a person’s life time despite a changing external environment.
- 2+ Years Full-time Development: Full-time development from scratch for 2+ years starting in 2017. Will launch as mainnet, ready for developers, miners and users to immediately start using Ergo.
- Other: Ergo offers anyone the ability to issue their own tokens (non-native tokens) on the platform and leverage off its security and decentralization. Advanced on-chain governance is built with miners being able to vote on a number of parameters including simple items like block size – gradual changes only to ensure stability.
The above is just a short summary. For more info, visit the website and ask questions here.
* Website:
https://ergoplatform.org/* Forum:
https://www.ergoforum.org/* Short high level intro (5 pages only):
https://docs.ergoplatform.com/teaser.pdf (Chinese:
https://docs.ergoplatform.com/cn/teaser%E5%B0%94%E6%A0%BC%E5%B9%B3%E5%8F%B0%E7%AE%80%E4%BB%8B_%E4%B8%AD%E6%96%87%E7%89%88.pdf )
* White Paper I:
https://ergoplatform.org/docs/whitepaper.pdf (Chinese:
https://docs.ergoplatform.com/cn/whitepaper_cn.pdf )
* Twitter: @ergoplatformorg (
https://twitter.com/ergoplatformorg)
* Telegram:
https://t.me/ergoplatform* Youtube:
https://www.youtube.com/channel/UC7cht_rw6ofX3wTirrQG8kw* Github:
https://github.com/ergoplatform (but important to note multiple other highly relevant Github Repository links can be found on website)
* Development Team already has 25+ Smart Contract Examples ready for Deployment by Developers:
https://github.com/ScorexFoundation/sigmastate-interpreter/tree/master/sigmastate/src/test/scala/sigmastate/utxo/examples* CUDA-based GPU miner
https://github.com/ergoplatform/Autolykos-GPU-miner * AMD miner
https://github.com/mhssamadani/ergoAMDminer* Russian thread:
https://bitcointalksearch.org/topic/pow-sigma-rgo-2170754* Chinese Telegram group:
https://t.me/ergoplatform_CH How to get and store Ergo:
* Exchanges: ProBit, Tidex, HotBit, Waves.Exchange, P2PB2B, Vite, GJ.com
* Wallets: Magnum Wallet (Web), inbuilt into node (127.0.0.1:9053/panel)
