Ergo Platform - Everything you need to know

Hi guys, today I am going to explain why you should be interested in Ergo with a visual breakdown of the features of the coin

What is the team's primary use case for adoption?

Ergo is one of the most sophisticated protocols in the space with stateless clients, NiPoPoWS for light clients, and easy miner-voting on parameter changes (e.g, block size)

Ergo aims to provide an efficient, secure, and easy way to implement financial contracts that will be useful and survivable in the long term. There is plenty of uniqueness in Ergo but the most significant is probably Sigma protocols. These allow a true P2P system with privacy in mind. No one at the moment is able to build a trustless LETS system, multisig with no signers disclosure, trustless payment networks or has real ring signatures that preserve zero knowledge.

Is Ergo a base chain for others to use plug & play features like a blockchain "micro architecture"?

Ergo is a self-amendable protocol that allows it to absorb new ideas and improve itself in a decentralized manner. And part of that is being interoperable with anything we can. It has an extension block can and uses NiPoPoWs to assist here - and other chains will be able to do velvet forks or wrap their tokens to utilise sigma protocols or other unique features found in ergo.

Why choose POW over POS?

Ergo was created for regular people, PoW allows a truly fair start and decentralistion. It's also widely studied, has very high-security guarantees - which are essential for having useful contractual, programmable money that's ready today.

What does it mean to be contractual money beyond the tech and how does the team plan on encouraging others to build on its platform?

The overwhelming majority of successful public blockchain use‐cases are related to financial applications. Ergo extends Bitcoin’s way of writing contracts by attaching a guard script (together with additional custom data) to every coin. For example, in addition to regular protection by some m‐of‐n signature, Ergo allows specifying the possible recipients of these coins, which may also be a contract with similar complex conditions. This "chaining" approach allows the implementation of secure and efficient contracts of arbitrary complexity. This, along with Ergo's focus on sustainability is what makes it uniquely useful as contractual money.