- Ergo is a DeFi platform built on public chain, with decentralisation at its core development
- Build to have more functions than Bitcoin and more cost effective than Etherum, yet highly adoptable due to ease of use.
- ERG/USDT trading pair to open next week on BiKi exchange . More information will be share on next Monday for traders to trade ERG crypto.
BiKi will list ERG (Ergo platform) the platform that provides a secure, resilient and truly decentralised DeFi public chain. Cryto traders can trade ERG when it opens next week on BiKi’s exchange. BiKi, is a global top ranking (CoinGecko) cryptocurrency exchange that provides a digital assets platform for more than 150 cryptocurrencies and 250 trading pairs.
Ergo Platform is a secure, resilient, open-source, permission-less, truly decentralized DeFi public blockchain platform.
Its main objective is to provide an efficient, safe, easy way to create and manage financial contracts is also a platform for contract coins and smart contracts. Currently, to date, Ergo has multiple used cases such as crowdfunding, oracle pools, decentralized exchanges, algorithmic stablecoins, NFT auctions, and the applications are endlessly growing everyday.
Embracing The Concept Of True Decentralization
Working secureness, comprehensiveness and adoptability as Ergo’s primary design focus, Ergo is a platform for ordinary people and it believes that centralization of mining should be prevented so that everyone and anyone be able to participate in the protocol by running a full node and mining blocks (albeit with a small probability).
Ergo is built from scratch and is not attached to any other blockchain and endeavours to eliminate centralization at all levels. The Proof of Work (PoW) algorithm adopted by Ergo can effectively reduce the gaps between professional mining machine ASICs and ordinary hardware, thereby allowing ordinary people to participate in mining too. This approach is indicative of their underlying principle of realizing decentralization of the blockchain.
Ergo’s extended supporting light nodes enables its platform to be user friendly and highly adaptable across devices. Taking a long-term strategy on technology’s survivability combining with new storage rental fee ( Storage Fee / Rent ), Ergo looks to prevent performance degradation. Its smart self-amending function, allows Ergo to absorb new ideas and improve itself in the future.
Strong Technical Team
The technical team behind it has 10 years of blockchain theoretical research and practical development experience. Its co-founder and CTO is Alexander Chepurnoy, a blockchain veteran and the core developer of Ergo
More Functions Than Bitcoin But Easy To Use Several Times
Ergo is designed based on proven scientific research and peer-reviewed papers and built for the ease of use for masses which in turn encourage adoption to build their applications on the Ergo platform.
In comparison, Ergo also has more functions than the popular Bitcoin. On top of the openness and permission-less features that both shares, Ergo adopts the EUTXO (Extended Unspent Transaction Output) that supports substantially more expressive verification scripts, including scripts that implement general state machines and execute invariants between complete transaction chains.
With advantageous features combining the language simplicity of Bitcoin UTXO model and the smart contract of the Ethereum model, but which is lower in cost to execute, Ergo is built for the blockchain developer community.
• Platform for Contractual Money
Ergo is the base layer to applications built on top of it. It is suitable for several applications, but its main focus is to provide an efficient, secure and easy way to implement financial contracts.
• Long-term Focus
All aspects of Ergo development takes on the long-term perspective, to withstand against hard forks, software or hardware improvements or unpredictable changes. As such, applications built on top of Ergo has sustainability and resiliency, enabling a good store of value.
• Permissionless and Open
Ergo protocol does not restrict or limit any categories of usage. It allows anyone to join the network and participate in the protocol without any preliminary actions. Unlike the traditional financial system, no bailouts, blacklists or other forms of discrimination are possible at the core level of Ergo protocol. On the other hand, application developers are free to implement the logic they wish to design with due consideration to take on the respective responsibility of the ethics and legality of their applications.
The development of the Ergo platform officially started in 2017 and is dedicated to advance the blockchain field that was stagnating at that time. The original intention of creating the Ergo platform was to provide a convenient way for ordinary people to use financial contracts, and to be able to use financial contracts in a decentralized manner without any third-party intervention.
Strong Partner Recognition Promotes More Development Areas
Ergo’s network of partner is a strong recognition and indication of its strength and potential. With credible partners, such as the Emurgo cooperation, Ergo is in joint construction of DeFi solution for Ergo to be integrated into Yoroi wallet. The partnership also includes collaborating to build a new oracle model – oracle pool; as well as developing Maker DAO, a decentralised algorithm for stable coin. Emurgo is a global blockchain technology company focusing on providing solutions for developers, start-ups, enterprises and governments. It is also a founding member unit of the globally recognized PoS public chain project Cardano.
Ergo is also a member of the Gravity network. The Gravity protocol is a cross-blockchain oracle system that will support communication between the blockchain and the external environment with cross-chain communication and side chains in a single unified structure. Currently, Gravity network members include familiar names like Waves, Tron, Solano, Ontology aves , Tron , Solano , Ontology. Through Gravity, Ergo looks to inter-operate with more and more cryptocurrencies in the future.
Reasons to trade ERG on BiKi Exchange
BiKi accepts deposits only from cryptocurrencies (BTC and USDT) and does not charge a deposit fee.
For each cryptocurrency coin, the BiKi platform uses a flat charge of 0.15 percent, which is the same. This is very competitive on the market and below the level of industry for similar cryptocurrency trading exchanges.
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