About Ergo (ERG)
Ergo is a smart contract platform designed to provide secure, decentralized financial tools, enabling ordinary people to have economic freedom.
Ergo is a programmable blockchain and decentralized project. The Ergo platform was created and developed to provide and enable the safe, efficient, secure, and easy implementation of financial contracts. Ergo was founded in 2017 by seasoned blockchain developers with experience working in critical roles on other projects such as Bitcoin and Chainlink.
Ergo uses the Autolykos consensus algorithm, a proof-of-work (PoW) algorithm designed to be memory-hard and resistant to ASIC mining. This consensus algorithm is specifically tailored to the Ergo platform's needs, aiming to provide high-level security and prevent centralized control of the network. PoW also helps ensure that the network is resistant to 51% of attacks and other security threats. Ergo reports no transaction or gas fees on its network due to the implementation of its blockchain infrastructure.
The Ergo cryptocurrency coin has been live since 2019. The Ergo platform crypto is used in all network functions. The Ergo native cryptocurrency is known by its token ticker $ERG. The current price of Ergo coin price is updated and available in real-time on Binance.