Ergo
Ergo was founded by Hoskinson’s “favorite technologist”, Alex Chepurnoy, who also contributed to the development of Cardano. It is a PoW blockchain platform with Turing complete smart contracts that employs a number of advanced features like zero-knowledge proofs, ring signatures, oracles, and adjustable block size
Ergo also has demurrage/storage rent meaning that after all 97 mil ergo are mined, miners keep mining and get rewarded via demurrage. With ergo, funds sit in boxes called UTXOs (unspent transaction outputs). Any UTXO older than 4 years old without ANY motion on the network will be taxed a small amount of the box holdings
The idea is ergo is not meant to be a set it and forget it store of value it's meant to be used
When Ergo launched in 2019, it unashamedly opted for a PoW consensus model for very important reasons. Ergo utilizes the Autolykos algorithm for its proof-of-work (PoW) algorithm. Autolykos is designed to be memory-hard, meaning it requires a significant amount of memory to perform the mining process, again making it much less susceptible to being efficiently mined by specially-designed ASICs. The aim, as with similar approaches in the past, was to promote a more decentralized and accessible mining ecosystem.
~https://ergoplatform.org/en/blog/Everything-You-Need-to-Know-About-Pro of-of-Work/ ~
Scala, a programming language that scales with you
~https://www.scala-lang.org/ ~ | Artist/Author: alex chepurnoy
Date: Saturday December 13, 2025 9:29:33 am |
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