Bitcoin Forum

Ergo is simple, solid and innovative cryptocurrency!

* While incorporating cutting-edge new ideas, Ergo’s foundation is a conservative Proof-of-Work cryptocurrency with limited supply. It aims to be as simple as Bitcoin wherever possible, though is not a Bitcoin fork but an entirely new cryptocurrency designed and implemented from scratch.

* Ergo has solid design specifications based on scientific research, drawing on a number of published academic papers (https://ergoplatform.org/en/documents/). At the same time, it also focuses on practical use cases. Ergo is designed and implemented by a team of experienced devs and researchers, with publications and PhDs in cryptography, compiler theory, blockchain technology, and cryptographic e-cash. The team also has a solid background in core development with such cryptocurrencies and blockchain frameworks as Nxt, Scorex and Waves.

* Ergo offers a series of innovations, including:
   - Extended UTXO model, offering the ability to write complex financial applications. Community members are currently implementing a DEX, and there are already applications for oracles and p2p crowdfunding, as well as example contracts for bonds, auctions, p2p interest-free loans, mutual credit systems, etc. 
   - Built-in support for complex signatures and cryptographic protocols via an efficient class of zero-knowledge proofs-of-knowledge (Sigma protocols). As an immediate result, ring,
threshold and composable signatures are easy to implement out-of-the-box. For applications, Ergo devs have already proposed a simple non-interactive mixing scheme called ErgoMix.
   - Custom token support at the core level (similar to RavenCoin).
   - Storage rent to stabilize mining income in the long term.
   - New Proof-of-Work scheme, Autolykos – a variant of Equihash with better ASIC-resistance and even a degree of pool-resistance.

Ergo is a community-driven project, with conversations occurring over Discord (https://discord.gg/uhr6cq), Telegram (https://t.me/ergoplatform) and the forum (https://www.ergoforum.org/).

To get Ergo, visit supporting exchanges (https://ergoplatform.org/en/exchanges/) or mine ERG with an NVidia or AMD GPU.

Please visit our welcoming and vibrant community to HODL and BUIDL together!

[Reserved]

[Reserved]

Hello, interesting project!

Which tokens will be supported on ERGO dex?

thanks for the kind words!

Community members got a lot of DeFi schemes, some of them are involving synthetics, e.g.

"Bonds based on Ergo (or the “Yield protocol”)" https://www.ergoforum.org/t/bonds-based-on-ergo-or-the-yield-protocol/128
"Interest-Free Loan Contract" https://www.ergoforum.org/t/interest-free-loan-contract/67

+ I can imagine that after IEO decline we'll have a new wave of experimentation with projects funding on-chain. Hopefully Ergo innovations will play out here. 
+ Maybe with bigger community we'll have externally provided stablecoins (USDT/USDC/tUSD, USDN at least)

Good to see another solid project from some old-timers. Sigma protocols sound very flexible for blockchain applications, I'm curious why no one else has done this yet.

Sigma protocols (aka Generalized Schnorr Proofs) are used in some cryptocurrencies. Bitcoin is going to adopt Schnorr signatures (Schnorr sig is as simplest sigma-protocol, the Schnorr protocol turned out into a signature scheme), ZCoin is using its "Sigma Privacy" which actually some specific sigma-protocol for log-sized ring signature.

However, what's Ergo is doing is really unique. It is using composability of sigma protocols and also similarity between statements to be proven with them and boolean predicates. Thus Ergo allows to mix crypto statements and predicates on blockchain state. Simplest example:

((HEIGHT <= 1000) AND PK1) OR ((HEIGHT > 1000) AND (PK1 OR PK2)

where HEIGHT is blockchain height during script evaluation

Then if transaction is trying to spend  a coin protected by the script, and height is 2000, after reduction the script is turned into PK1 OR PK2 means "proof (i.e. signature against spending transaction bytes) for a secret key corresponding to public key PK1 or public key PK2 is valid".  Composability of sigma-protocols preserve zero-knowledge, thus from the signature it is not know which secret actually was used (corresponding to PK1 or PK2). Thus this is a simplest ring signature.

A lot of work was done to get composable sigma-protocols implementation, papers are silent about that. Thankfuly, a Boston University Prof. helped us to get a working and secure scheme (not rocket science but solid crypto-engineering though).

Lol at the lack of interest for a good project. Makes me laugh every day. Guess people only like moon boy coins now.

Yes, the project is clearly undervalued if we take into account solid research it is based one (first in the space published papers on space-scarce economy aka storage rent economy, stateless clients etc, along with implementations), unique approach to crypto apps support, solid design, and the fact the project has been delivered and successfully survived the cryptowinter.

For wider adoption, devs are now working on applications, such as non-interactive mixer, DEX, and so on, and now it's the best time for crowd-sourced promotion. so please spread the word, join discord, and get developers you know to build on top of Ergo!

Good projects have very solid chance on becoming moon boy coins :)))
I was surprised to see how much was done regarding development during bear market when so many coins that raised tens of millions went or almost went bankrupt, that alone gives me confidence in ERGO

Thanks! Actually it was hard to launch and then continue to work in the middle of crypto winter. But we were small and super-focused team of experienced guys, and very conservative about spendings ) so we survived, and now time to grow fast!

#BUIDL during the winter!
I wanted to ask, is it possible to maker tokens on ERGO chain or will all DEFI applications have to use ERG token?

It seems OP is announcing a new thing in wrong board. I believe this section is only for discussing about altcoins and not for introducing a new altcoin. Even this coin Ergo is already having ANN topic, the way OP presented here is not a right way to do a discussion as it fully sounds like an announcement which I believe strongly against this forum's rules.

I guess OP must be part of the Ergo team as they are having Ergo in their profile's web-page which is usually bounty hunters are do not have. OP must alter the content of their open-post like asking this community's opinion or something else which is definitely will not breach rules of this forum.

No hard feelings mate! The development of Ergo was started in 2016. So we have two announcement topics already, one PRE-ANN and one ANN. This topic is for free discussions, not announcements. It starts with intro  information about the project. I used to be Nxt core dev back in 2014 and I remember that good thread in this subforum.

How does it have better ASIC resistance, when Equihash is claimed to have superlinear time-memory tradeoffs (TMTO)
while Autolykos can be solved with no memory and constant slowdown?

IMHO it's closer to Ethash than to Equihash.

Do you have Russian chats? The project's a Russian one, but I didn't find it myself.

There's a Russian telegram chat here https://t.me/ergoplatformru or the Russian at International Channels over Discord here https://discord.gg/FEmGeGu

I think the content is the problem. Their project is not a new altcoin its been on the market eversince and from what I read is they intended this thread for discussion. I guess you have a point to edit or alter its content cause it seems like an ann thread. Anyway, just report if its seems not ideal for you.


I think its clear now. Anyway just hope that no one would report of this announcement same like post as what @TheGreatPython mentioned. Goodluck hoping OP you should be active to discuss and entertain question here. Not just add a thread topic since its a discussion thread right. Anyway good luck with ergo, not really a fan but checking it sometime.

Autolykos is pretty close to Equihash, it is based on k-sum problem , but also adds a signature component for somewhat pool-resistance. Parameters are chosen in order to be much more memory-intensive (and memory-bandwidth intensive) than ZCash's and other popular Equihash coins PoWs.

Autolykos is very different from Equihash in memory requirements.

Equihash searches for an arbitrary size 2^k subset of indices,
whose corresponding items must xor to 0 (as well as satisfy
other conditions on the ordered binary tree of indices and items).
Memory is needed to sort and combine partial solutions.
Without memory, finding a solution would take longer than the age of the universe.

Autolykos instead generates the possible subsets as genIndexes(m||nonce),
as shown in Algorithm 1 of https://docs.ergoplatform.com/ErgoPow.pdf
The element at an index j is trivially computed as H(j||M||pk||m||w)
No memory at all is required for that.
It could be used to cache the hash computation of elements, but that is at best
a constant factor speedup.

So I heard about a trustless mixer, any more details on that?

Summary of past AMAs

https://bitcointalk.org/index.php?topic=5150971.msg53894939#msg53894939

https://twitter.com/ergoplatformorg/status/1231531342485168129

You guys are doing a good thing. Simplicity is one of the most important things about accepting crypto!

The project looks interesting of course, the ideas are very good, but where is the guarantee that this is not really another scam?

Even WEST fired a shot in his day. You just need to know when to get in and out.
Again. It was clear from the start - West is a project to make money. Waves, for example, are pretty much alive.

A scam is a low effort money grab.

Writing a blockchain from scratch is a substantial effort (which is why there's only a few dozen such codebases).

Launching fairly, without any premine or instamine, leaves devs incapable of a money grab.

Projects with both of these qualities are few and far between...

If the Russians had a couple of bad projects, it doesn't mean there's nothing good with the blockade industry in Russia

It would be interesting to learn about the scientific studies that were taken as a basis when creating the specification.

I understand that it is difficult to provide all the evidence, but it would be nice to show people that this is not another scam project. Although this is almost impossible, I get it... Any way over time these sceptic people will change their minds.

What about new articles about Sigma? Are you planning to talk about this?

Patience, my friend, the project team (I am sure ) have a lot of work to do!

How are you doing with the pools? Does it make sense to mine ergo with one PC?

You should tweet that question because you don't get an answer here

By the way, I liked the article on smart contracts, thanks

Oh, this project is not only interesting, but useful. I'm talking about articles and explanations about process in blockchain. Thanks!

Does anyone know where to find more info about trustless mixer?

Such projects have a future because they are flexible enough

Yeah, I believe you're right. That is one of the most important quality now.

And I'm really sure that we can trust this project

So, friend, have you tweeted them? Just in case, here's the link, all the basic info is there — https://twitter.com/ergoplatformorg (You may know, but just in case)

I'm not a sordum, but... I was pleasantly surprised that Ergo is so open and always ready to answer people, that's great

Yes, they have a good feedback

Do you mean the community members?

Friends who haven't read it yet, I suggest you read their article. There are not many specifics yet, but it's interesting! https://cryptoinferno.org/analysis/building-ergo-sigma-protocols/

So quiet in recent days, coronavirus panic seems to be affecting everyone

No, I'm talking about the heads of the project

Is everybody ready for a severe, protracted economic crisis? Crypto not gonna have the best days either

I was always sure that crypto in't something under influence of the global economy. How wrong I was ...

This is all an economy. It is naive to assume that world problems will not affect any area of society.

Therefore, let's hope for a speedy resolution of the situation and stick to projects like Ergo!

And those who are interested in special issues, do not forget that there are twitter and telegram channel

Yes, I think such projects have great potential, given that now many investors will invest in crypto

Serious investment in crypto against the backdrop of global problems is already very visible!

So far there has been little investment, just talks about institutional investors and their "large investments" in Bitcoin.

Well, I think it's already the start of smth, if people talk about anything

I can't disagree, you're right)

How do you like the recent AMA session, pals, no one took part?

By the way, the AMA session asked if they were afraid of the attention of law enforcement agencies in connection with the implementation of the crypto-mixer and the guys said that it's okay, there's no reason to worry

oh yeah? I was wondering about this issues, tbh, but I haven't check their ama session. Thanks!

Yeah, that's too bad, because there were a lot of interesting things in there. But in case you're wondering, this is where the AMA started — https://t.me/ergoplatform/25175

Oh thanks!

Of course, not all questions made sense, but AMA session was informative

But then I can now follow them and I will not miss the moment of the future events

Often in their group, it is very quiet, almost like here, because of very few people. I think they should take advertising to a much more serious level, or maybe, they think it’s not time yet

Absolutely agree with your thoughts about adv. Now it's the time to make profits.

Maybe they put off advertising for something really important...

It's good
It would be nice by the way to spread the results of such sessions somewhere.

And it seems to me that this is not such a need.

I think now is the time to completely invest in the advertising of the project

Yeah, any project needs advertising, no matter how good it is, because people might just not know it exists

It seems to me that now many investors are ready to cooperate with such projects, so they really need to find as many users as possible

They should look for investors themselves

Maybe they should have done an ICO

But the truth is, investors are unlikely to seek only developing projects. Hoping only for luck is very reckless.

It is quite possible that they have already looked for investors or are actively seeking them. The project is quite decent, I think they should have no problem with the money

Yes, if the project had not achieved anything over several years, it would be impossible to find investors

It makes sense

Boredom, no big news lately, or maybe I missed something?

Well, one of the biggest news is that Ergo is now listed on CITEX

True tho, but I'm also interested in others cooperations

All in due time

I think now is the time to look for profitable projects.

Ergo is now, as I understand it, more focused on innovation and then on finding partnerships

Perhaps this is the best way to develop the project.

I have already repeatedly noticed that marketing suffers in spite of a good development team, and this is not good. But I think the team is doing well and has some plans

And of coure, there's still a lot of cooperation to come ;)

Oh, I look forward to seeing them

I've heard it's time to buy erg

Haha, it's just about time  ;D

True, but I believe now we have the great opportunity to watch economy collapse and die, so we should be ready)

I agree. The main thing is that they do not miss good chances of development.

Well, we can only hope and watch.

But is there no insider information about new listings? Or it only becomes known when they announce it publicly?

Such things are kept in the strictest secrecy, because it is possible to earn money by owning such information, and earnings on insides already fall under the criminal code of some countries, which will be very detrimental to the project. Therefore, one only has to wait for public announcements ;)

Ofc no, it would be really weird, so we just hope about better future xd

It's not just weird, it's against the law

All I fear is that the Russian government have would understand the value of Ergo, and will try to take it away

I think that's an exaggeration. Plus, if I'm not mistaken, the project de jure is not under Russian control

Yeah but still u know..government

It won't always be like this (at least I hope so).

Yeah and actually I see no reason to strangle this project

Well, in general there are some, but Ergo is unlikely to have problems in the future

Guys, take part in the voting for our favorite project! https://atomars.com/currency-voting

I do it every day!  ::)

But, unfortunately, we are losing  :-\

By the number of votes, we can see that the community is already there and soon one will be even more, and this is very good!

Ergo now is listed on Coinsbit, nice!

Yeah, and this's pretty awesome!

simple？？ solid and innovative cryptocurrency？？

To run this node, and wallet, I need to set the profile to be connected to the node in a specific link. Why can't you just double-click to open it, and then click to create a wallet? In a word, I think you should design it more simply and easy to use! ::) ::) ::) ::) ::)

It would be too easy

Interesting feedback. Maybe they'll get familiarized with one, or you need to try tweeting with them

Lmao, you're right  ;D

haha I know right, everything is how it should be

Although about simplicity, he's right, it would be nice if it were simple and many people could use blockchain technologies

Btw, the blockchain, already an awesome technology, but still very far from ideal and many companies still prefer traditional methods (and somewhere blockchain is not needed at all)

Simplicity is one of the main requirements for technology, and Ergo is moving rapidly towards simplification of technology and, in turn, the adoption of the blockchain in general!

Sorry for the long reply, had problems with recovering the password!


Autolykos is based on k-sum problem and not very different from generalized based problem based Equihash then. Can you explain about "no memory and constant slowdown" please?

Ah I see. We're discussing it, see https://github.com/ergoplatform/ergo/issues/1100 (are you BigEvilSoloMiner aka AsicResearcher maybe though? )

Wow, you're here, that's awesome! Thank you for your work, you do great!

Oh actually I was wondering about it too, thanks

Yeah, that's definitely very helpful and useful!

I totally agree with you ;)

When Ergo pump  ;D

All in good time, but I think on the wave of good news (and I'm sure there will be more)!

You're definitely right, and a little marketing will help

They're marketing, they're getting Ergo on social networks more and more, and it's pretty awesome!

Yeah, I've noticed that, as well as the fact that the community is increasing a lot (there is really a percentage of people who came because of the recent airdrop)

Yeah, and it's very awesome, and, I hope, important

Yes, it's really important, no doubt. Because the product must have an end-user!

As I told you in the other topic, the product will definitely find its end-user, because the project is very good!

Since the project is very technically oriented, it avoids any unwanted folks, which is a kind of a plus

It's okay, it's not a hindrance at all

Well, I agree, but only partially, and also, listing to other exchanges will be very helpful to the project

Ergo said they're preparing smth new. I'm intrigued. Maybe it's a new exchange?

Isn't it too soon for it?

They announced a collaboration with the emurgo, there are a lot of interesting things, completely awesome!

Yeah, exactly! It's very very important and significant

You're absolutely right! This event is big enough, it's a whole lot of new opportunities for both the team and us

Now let's look at what this cooperation will lead to (cool joint projects I guess)

Hopefully, someone (or we) will ask them about this during the AMA session

I'll probably be one of the asking questions :D

This AMA session was very good and informative

Cool, today I’m going to see what the questions were!

The AMA session is a good idea and i'm interested in what they're gonna do next

The next step is to the moon  ;D

Hahah, it would be the best step ever

Yeah, this is not the most important thing, but it is certainly quite important, the project should have funds for development!

Yeah, definitely true, I agree with your opinion :) No money, no project

and giving that, maybe ergo really needs to find some fine cooperations

I suppose apart from the emurgo there's plenty more to come.

I'd like to believe in it, tbh

Why not, the project has been very good, especially lately

Well, you're definitely right, my friend ;)

I always had an instinct for good projects. I'm kidding, but Ergo really rocks!

Definitely right, the project is very interesting, including in terms of investment

+ for now it is developing in the right way so Im looking forward for some great opportunities

Looking to the future with impatience and great hope ;)

Personally, for me, the project became interesting a few months ago, but these big announcements, including the news of their ongoing collaborative development with Emurgo, it's pretty good!

Good opinion, totally agree with you

Ergo keeps innovating, follow their discord.  :D

They have the discord channel!? Please, give me the link, I'll follow

Hey, guys, the new listing on CoinEx!!! https://announcement.coinex.com/hc/en-us/articles/360046643071-ERG-Launched-Deposit-Trade-to-Share-35-000-ERG

Thanks!! The first time I didnt miss it xd