Ergo is a new flexible blockchain protocol designed for developing decentralized applications with the main focus of providing an efficient, secure, and easy way to implement financial contracts.[1]


Ergo includes various technical and economic improvements to existing blockchain solutions. Every coin in Ergo is protected by a program in ErgoScript, which is a powerful and protocol friendly scripting language based on Σ-protocols.[2]

Ergo builds advanced cryptographic features and radically new DeFi (Decentralized Finance) functionality on the rock-solid foundations laid by a decade of blockchain theory and development.
Ergo’s Zero-Knowledge Treasury enables users to easily create joint digital signatures, with bespoke conditions for spending funds, while ensuring the signatories to the created address remain hidden.[3]

Ergo's native token

Ergo platform has its native token, which is called Erg and is divisible to up to 109 smallest units, nanoErgs (a nanoErg is one-billionth of an Erg). Ergs are important for Ergo platform stability and security.[1]

During the initial phase of Ergo’s life, miners will receive the reward in Ergs according to a predefined and hard-coded token emission schedule. These coins will incentivize miners to participate in the Ergo network, securing it from hash rate-based attacks like the known 51% attack. Erg emission will be finished within just eight years, and after that miners will only receive Erg from fees. [1]

Although, adjustable over time through miner on-chain voting, Ergo block size, and maximum block computational cost at any given point in time will be limited, and thus miners are enforced to choose only a subset of transactions from mempool during times of high load. Fees will help miners to sort the transaction, preventing spam attacks while allowing miners to include transactions from honest users in blocks.[3]

See something wrong? Report to us.



Did you find this article interesting?

Twitter Timeline




Join the IQ Brainlist

Sign up for the IQ Brainlist to get early access to editing on the beta site!

Join Now

Subscribe to our newsletter

Never miss any of the most popular and trending articles on when you sign up to our email newsletter.

Subscribe's vision is to bring blockchain knowledge to the world and knowledge onto the blockchain. A part of Brainfund Group.


What's IQ?StakingBonds


About usCareersBrandingIQ GPTIQ Dashboard

© 2023 Powered By BrainDAO& IQ