Thank you. I know that. Similar Ethos? Cardano and Emurgo

Question

Ergo Platform

Thomas Eh

Thank you. I know that. Similar Ethos? Cardano and Emurgo

is comercial. Ergo is non profit and fair launch.

#cryptocurrency #english #ergo

0

18.03.2022

7 ответов

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Thomas Eh Автор вопроса

max
iohk is commercial, Cardano itself is the decentra...

The Ergo Treasury To fund development, promotion, events, to swap Ergo’s Ergo First Year Tokens (“EFYT”, further discussed below) into Ergs and to fund other activities which may advance the platform, Ergo has in place a Treasury which will receive 4.43% of the Ergs released during emission. During the first 2 years post‐mainnet launch, the Treasury will receive 7.5 Ergs per block. Given that the block reward for each block is 75 Ergs total, the Treasury’s allocation of Ergs is equivalent to 10% of the total block reward over the first 2 years and leaves miners with a block reward of 67.5 Ergs per block. After 2 years, the Treasury will continue to receive the part of the block reward that exceeds 67.5 Erg, however, this will be 0 after year 2.5 when the block reward becomes 66 Ergs per block. Readers familiar with some other PoW protocols with a Treasury, such as ZCash, may find this to be similar, however, it should be noted that the amount of Ergs going to the Treasury comprise a total of only 4,330,791.5, or 4.43% of the total monetary base, and is completed in just 2.5 years. This compares with ZCash’s Treasury, which was 10% of the ZCash total monetary base and 20% of all issued ZCash coins during the first 4 years. With Ergo, it is hoped that by 1 year post‐mainnet launch, Ergo will have achieved a high level of decentralization with a diverse developer, miner and user base. For the first year, the Treasury will be used for swapping of the EFYT on the Waves platform for Erg. For the remaining 1.5 years, a community voting mechanism will be put in place to determine how Treasury funds are spent.

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18.03.2022

S Brawn

Does this bring up issues with mining?

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18.03.2022

max

S Brawn
Does this bring up issues with mining?

its controversial i guess. which is why ergo foundation looked at legal opinions.

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18.03.2022

Glasgow｜WON’T DM