What could be good at this point is to formulate

Question

What could be good at this point is to formulate

vision which is still the same as back in 2019, but wording and focus could vary from time to time. At this
point I think it would make sense to present Ergo as future of Proof-of-Work. In more detailed view:

* Ergo is still GPU-minable Proof-of-Work cryptocurrency, means anyone can buy it anonymously with electricity using common GPU devices.
* DeFi. Ergo is already #1 PoW cryprocurrency by TVL locked in DeFi.
* As consequence, Ergo ecosystem is capable to serve real-world needs with the help of trustless derivatives, decentralized exchanges, ChainCash etc, on top of high-quality Proof-of-Work collateral.
* Ergo has solutions for mining rewards in the long term when block reward will be tiny ( hot topic in Bitcoin now, will be even hotter around halving-2028 )
* Scalability. Ergo was the first cryptocurrency with log-space mining, and still the only one where blockchain is safely prunable without "moon crypto"
( thanks storage rent, here we rely on hash function only).
* Efficient cryptographic protocols as dapps is still unique value proposition. Recently, there were some breakthoughs for leveraging sigma-protocols for
generic statements in ZK , see e.g. T. Attema's phd ( https://scholarlypublications.universiteitleiden.nl/handle/1887/3619596 ), developments in this area
can be used for building more efficient trustless ZK protocols on Ergo.
* Ergo is going to give birth to SigmaChains, blockchains powered by Ergo's contractual layer, Sigma, EVM alternative for UTXO. See presentation at https://www.youtube.com/watch?v=Jj_Hg222s9Y. With trust-minimized (or trustless) pegging that means even more Ergo liquidity locked in DeFi, more development and different developments etc. Also SigmaChains will revitalize Proof-of-Work.

#cryptocurrency #english #ergo

0

10.04.2024

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rustinmyeye

@LouisLibre
I need to listen to this video fully.

You can listen on the Ergo podcast if that's easier for you, available on most podcast platforms. Here's the Spotify link. https://open.spotify.com/episode/0JW4CW7KJTDkayxYRLy4J9?si=na373iwCQ4iCiPO_kXBZKw

0

7 месяцев назад

Armeanio

Стикер

0

7 месяцев назад

@LouisLibre · Accepted Answer

@LouisLibre

I need to listen to this video fully.

0

7 месяцев назад

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What could be good at this point is to formulate

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