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Ergo
About Ergo
Ergo (ERG) is a decentralized, blockchain-based platform designed for secure and efficient financial contracts, utilizing advanced Sigma protocols and blockchain technology. It was developed by Alex Chepurnoy and Dmitry Meshkov, experts in cryptography and blockchain. The ERG token, native to the Ergo platform, is used for transaction fees, to execute smart contracts, and in DeFi applications such as lending, borrowing, and yield farming. The platform uses a unique Proof-of-Work consensus algorithm, "Autolykos," offering enhanced ASIC-resistance and security, with miners rewarded in ERG tokens. Before Ergo's launch, Ergo First Year Tokens (EFYT) were distributed on the Waves platform to build a community and fundraise. These were swapped with a fraction of ERG tokens after the mainnet launch in July 2019.
Ergo is a blockchain-based platform that is designed with a primary focus on decentralization and the ability to provide efficient, secure, and easy-to-use solutions for financial contracts. The platform employs Sigma protocols and blockchain technology to implement its advanced cryptographic features. The native token of the Ergo platform is called ERG.
Ergo was created by Alex Chepurnoy (also known as "kushti") and Dmitry Meshkov, both of whom have substantial backgrounds in the field of cryptography and blockchain technology. Chepurnoy has previously worked on the development of NXT and Scorex, while Meshkov has a Ph.D. in cryptography and worked with Chepurnoy on Scorex.