Description
Ergo is a next-generation, community-driven smart contract platform that launched in 2019. It aims to provide economic freedom through secure, decentralized financial tools. The platform emphasizes a fair launch, with 95.57% of its tokens allocated to the public. Ergo focuses on alternative economics, enabling innovative implementations like smart contract-powered microcredit and Local Exchange Trading Systems (LETS) that traditional banking cannot support. It also offers optional privacy features using its scripting language, ErgoScript, and Zero-Knowledge proofs, allowing users to control their own data. Drawing on a decade of blockchain research, Ergo combines established principles with peer-reviewed academic findings in cryptography and consensus models to build a powerful and secure system. The platform uses Autolykos, an ASIC-resistant Proof of Work algorithm friendly to common GPUs.