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Author Topic: [ANN][POW] Ergo Platform, the AAA class of PoW blockchains  (Read 1709 times)

kushti

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[ANN][POW] Ergo Platform, the AAA class of PoW blockchains
« on: December 11, 2019, 04:19:42 PM »
Ergo Mainnet Launch happened on July, 1st, 2019 (with no premine proof made of latest block hashes from Bitcoin & Ethereum and latest headlines from The Guardian, Vedomosti and Xinhua).

What are the main points of Ergo?
 

* Rigorous research and scientific approach: Ergo is based on original research, published at known peer-reviewed conferences. List of scientific papers is available at https://apograf.io/c/7MEY3, but Ergo is not limited by research and it also implements other novel scientific ideas.
* Contractual money: a new advanced transactional language built from scratch by team, with a higher-level language for developers called “ErgoScript”. Two tutorials available on website: https://ergoplatform.org/docs/ErgoScript.pdf and https://ergoplatform.org/docs/AdvancedErgoScriptTutorial.pdf. It is more advanced scripting language than Bitcoin while maintaining security and not introducing blockchain bloat problems. Scripting language in itself is non-Turing complete but applications ran on the platform can be made to be Turing complete as demonstrated in this peer reviewed paper https://arxiv.org/pdf/1806.10116v1.pdf.
* New PoW consensus algorithm Autolykos, which was designed in collaboration with The Research Institute (https://researchinstitute.io/). It is the first ASIC-resistant and pool-resistant consensus algorithm to be deployed (mining pools won’t work in Ergo for sake of Decentralization!). Technical details in this paper: https://docs.ergoplatform.com/ErgoPow.pdf.
* Trustless Light Clients with Minimal Resource Requirements: Ergo block header supports NiPoPoWs that enable synchronizing network by downloading < 1Mb of data. This is further made possible by the fact Ergo state is authenticated as detailed in this paper from 2017: https://eprint.iacr.org/2016/994.pdf.
* New Economic Model: Key feature of the new model is miners charge users a fee for any UTXO that remains unmoved in state for 4 years (“storage rent fee”). This accomplishes stable mining revenue to secure network, prevents “state bloat” and enables a short release schedule – Ergo emission fully completes in just 8 years. Details in this paper: https://fc18.ifca.ai/bitcoin/papers/bitcoin18-final18.pdf.
* Mined from Zero via PoW with no ICO or Pre-mine. It is about a hope to achieve as fair distribution of Ergs as possible to enhance decentralization.
* Decentralization First: Core commitment of Development team and community. Top item in “Ergo Vision” section of white paper. Many of the above features’ main purpose is to achieve this goal.
* Resiliency and Survivability: Decentralization First is to accomplish this goal. Ergo should be alive and operational for an indefinite amount of time and Contractual Money contracts on Ergo should be able to survive for at least the length of a person’s life time despite a changing external environment.
* 3+ Years Full-time Development: Full-time development from scratch for 2+ years starting in 2017. Will launch as mainnet, ready for developers, miners and users to immediately start using Ergo.
* Other: Ergo offers anyone the ability to issue their own tokens (non-native tokens) on the platform and leverage off its security and decentralization. Advanced on-chain governance is built with miners being able to vote on a number of parameters including simple items like block size – gradual changes only to ensure stability.



The above is just a short summary. For more info, visit the website and ask questions here.

* Website: https://ergoplatform.org/

* Forum: https://www.ergoforum.org/

* Short high level intro (5 pages only): https://docs.ergoplatform.com/teaser.pdf (Chinese: https://docs.ergoplatform.com/cn/teaser%E5%B0%94%E6%A0%BC%E5%B9%B3%E5%8F%B0%E7%AE%80%E4%BB%8B_%E4%B8%AD%E6%96%87%E7%89%88.pdf )

* White Paper I: https://ergoplatform.org/docs/whitepaper.pdf (Chinese: https://docs.ergoplatform.com/cn/whitepaper_cn.pdf )

* Twitter: @ergoplatformorg (https://twitter.com/ergoplatformorg)

* Telegram: https://t.me/ergoplatform

* Youtube: https://www.youtube.com/channel/UC7cht_rw6ofX3wTirrQG8kw

* Github: https://github.com/ergoplatform (but important to note multiple other highly relevant Github Repository links can be found on website)

* Development Team already has 25+ Smart Contract Examples ready for Deployment by Developers: https://github.com/ScorexFoundation/sigmastate-interpreter/tree/master/sigmastate/src/test/scala/sigmastate/utxo/examples

* CUDA-based GPU miner https://github.com/ergoplatform/Autolykos-GPU-miner

* AMD miner https://github.com/mhssamadani/ergoAMDminer

* Chinese Telegram group: https://t.me/ergoplatform_CH


How to get and store Ergo:

 * Exchanges: ProBit, Tidex, HotBit, Waves.Exchange, P2PB2B, Vite, GJ.com
 * Wallets: Magnum Wallet (Web), inbuilt into node (127.0.0.1:9053/panel)

ergoplatform

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Re: [ANN][POW] Ergo Platform, the AAA class of PoW blockchains
« Reply #1 on: December 12, 2019, 06:58:41 AM »
Ergo Mainnet 3.1.4 released https://github.com/ergoplatform/ergo/releases/tag/v3.1.4 This minor release before 3.2.0 https://github.com/ergoplatform/eips/blob/master/eip-0001.md includes new API method /script/executeWithContext and new integration tests.

ergoplatform

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Re: [ANN][POW] Ergo Platform, the AAA class of PoW blockchains
« Reply #2 on: December 12, 2019, 07:02:36 AM »
Welcoming @ergoplatformorg — Telegram AMA 💬

🎉 1000 ERGs of prizes split between 10 winners: 3 on Twitter beforehand and 7 on Telegram (https://t.me/GainsChat) on D-day

🔥 Ask your questions in twitter at the link below for a chance to win 100 ERGs!

https://twitter.com/GainsAssociates/status/1204406021805891585?s=20

ergoplatform

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Re: [ANN][POW] Ergo Platform, the AAA class of PoW blockchains
« Reply #3 on: December 18, 2019, 12:34:34 PM »
The Ergo Cast: Understanding Ergo One Episode At A Time
author
Robert Kornacki
16 December, 2019

Since the launch of the Ergo mainnet half a year ago, there has been an incredible amount of development and progress in the Ergo ecosystem. Auction smart contracts, crowdfunding, zero interest loans, privacy preserving protocols, and much more. Every week or two there’s some truly novel idea or development put out, however if you’re just an average blockchain enthusiast it’s likely you haven’t heard too much.

Why is that?
The reason is that the Ergo ecosystem is making incredible strides forward in the technology side of things, however there is a distinct lack of content to consume for the average user who is interested. Great, Ergo has NiPoPoW support, but what the heck does that mean and why does it matter?

To aid in mending this, I am proud to announce the launch of the Ergo Cast. https://ergocast.io/

The Ergo Cast is the Ergo ecosystem’s premier podcast where we dive into the nitty-gritty details in a fun and approachable format. The goal is to bring life to the technology by explaining why it’s so unique while showing off the distinct personalities behind the avatars who are developing it all.

I, Robert Kornacki, am the host of the podcast and will be guiding you through understanding Ergo one episode at a time with the help of other key members in the community who will come on.

A lot of time was spent in getting this project from a mere idea in the back of my head, all the way to now being publicly released so that we could have this as a small Christmas present for the community who have been very supportive of the project as a whole.

The podcast will start out on a monthly schedule and is available via Youtube, MP3 RSS Feed, and Itunes Podcasts, all of which you can easily find by going to https://ergocast.io. Each episode has time stamps so that you can easily skim through and learn about all the topics that you actually care about.

In, Episode #1: Understanding Ergo And It’s History , I was joined by Alex Chepurnoy who is one of the core developers and as a matter of fact, the original person who came up with the idea of building Ergo in the first place. We went in depth on why Ergo matters, why it was a necessity that it came to be, what are some of key differentiating benefits of Ergo, and we even covered the history behind what caused Alex to start an entire new cryptocurrency project from the ground-up.

If that got you interested, here is a list of all of the topics we hit during the whole episode:

The Science Behind Ergo
Ergo Smart Contracts At A High Level
Ergo’s ASIC & Pool Resistant PoW Algorithm
Summary Of Numerous Innovations Ergo Implements
Ergo Smart Contract Implementation Successes
What Inspired You To Be Created Ergo In The First Place
How To Join The Ergo Community
Biggest Roadblock And Success In Launching Ergo
Who Is Ergo For?
Local Currencies On Ergo (Kenya Ex. Potential Use Case)
Blockchains Actually Becoming Useful & Why Ergo Exists
Closing Remarks
All of the topics above are linked timestamps so you can jump right in by going to the Ergo Cast Website.

I’ll be looking forward to helping break down Ergo into digestible episodes month-by-month, and hope to hear from you, the community, on what you’d like to see in the following episodes.

Hope you enjoy the episode and have a great Christmas holiday,

-Robert Kornacki

ergoplatform

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ergoplatform

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Re: [ANN][POW] Ergo Platform, the AAA class of PoW blockchains
« Reply #5 on: December 25, 2019, 11:58:51 AM »
New tutorial: "Mining Ergo for Fun and Profit"

https://github.com/ergoplatform/ergo/wiki/Mining-Ergo-for-Fun-and-Profit

Updated manual: "How to set up and configure a full Ergo node"

https://github.com/ergoplatform/ergo/wiki/Set-up-a-full-node

ergoplatform

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Re: [ANN][POW] Ergo Platform, the AAA class of PoW blockchains
« Reply #6 on: January 02, 2020, 08:44:56 AM »
A new command line wallet for real hackers has been released.:

https://github.com/aslesarenko/ergo-tool

ergoplatform

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Re: [ANN][POW] Ergo Platform, the AAA class of PoW blockchains
« Reply #7 on: January 08, 2020, 05:43:57 AM »
Coinbarn wallet now has its desktop version: download binaries for MacOS(https://bit.ly/2Quxrei), Windows(https://bit.ly/2Q2ykf7), Ubuntu(https://bit.ly/2st7i7J) or another Linux(https://bit.ly/2svHhod) and send ERG or custom tokens right now!

ergoplatform

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Re: [ANN][POW] Ergo Platform, the AAA class of PoW blockchains
« Reply #8 on: January 10, 2020, 09:54:55 AM »
Ergo Mainnet 3.2.0 released
https://github.com/ergoplatform/ergo/releases/tag/v3.2.0  This release introduces breaking changes and improvements, ~3-4x faster-bootstrapping 👍 Resync needed, more details in the description of the release 🔥

ergoplatform

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Re: [ANN][POW] Ergo Platform, the AAA class of PoW blockchains
« Reply #9 on: January 13, 2020, 07:28:46 AM »
Ergo has successfully passed the security audit, which was made famous in industry expert Jean-Philipee Aumasson.

Audit referred to the most complex critical parts of the code (wallet, cryptography, validation of the work performed).

The report and comments here: https://ergoplatform.org/en/blog/2020_01_12_security_audit/

ergoplatform

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Re: [ANN][POW] Ergo Platform, the AAA class of PoW blockchains
« Reply #10 on: January 20, 2020, 06:52:34 AM »
Bypassing Non-Outsourceable Proof-of-Work Schemes Using Collateralized Smart Contracts: A Chepurnoy, A Saxena

https://eprint.iacr.org/2020/044

Introducing the Ergo Foundation, a community-driven entity

https://ergoplatform.org/en/foundation/

https://twitter.com/ergoplatformorg/status/1218174658521989120

ergoplatform

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Re: [ANN][POW] Ergo Platform, the AAA class of PoW blockchains
« Reply #11 on: January 28, 2020, 07:48:28 AM »
Want to hack on Ergo? Awesome! Here are instructions to get you started https://github.com/ergoplatform/community/blob/master/CONTRIBUTING.md They are not perfect yet. Please let us know what feels wrong or incomplete.

ergoplatform

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Re: [ANN][POW] Ergo Platform, the AAA class of PoW blockchains
« Reply #12 on: February 03, 2020, 06:55:18 AM »
Ergo road map for 2020 published:

https://ergoplatform.org/en/blog/2020_02_02/

ergoplatform

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Re: [ANN][POW] Ergo Platform, the AAA class of PoW blockchains
« Reply #13 on: February 10, 2020, 06:00:52 AM »


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Re: [ANN] Ergo: A Resilient Platform for Contractual Money [PoW - Autolykos]
February 05, 2020, 03:12:14 PM
   
 #139
Ergo Platform Ecosystem Digest - January 2020




   *  Ergo Foundation has been established (https://ergoplatform.org/en/foundation/)

    * Security audit of most critical parts of the reference protocol client is done, report is available (https://ergoplatform.org/en/blog/2020_01_12_security_audit/)

    * New paper is out, “Bypassing Non-Outsourceable Proof-of-Work Schemes Using Collateralized Smart Contracts” (https://eprint.iacr.org/2020/044.pdf). This paper describes how to build a pool for Ergo based on smart contracts with collaterals.

    * Public Discord server has been created (https://discordapp.com/invite/gYrVrjS), please join!

    * Ergo Platform reference protocol client 3.2.0 released (https://github.com/ergoplatform/ergo/releases/tag/v3.2.0). Updates are coming reguralry!

    * CoinBarn wallet is still under review in ChromeStore, but released a desktop version (https://twitter.com/coinbarn/status/1211026427686064133). CoinBarn is the simplest wallet for Ergo, and it is supporting custom tokens!

    * Ergo now has a command-line wallet also, called ErgoTool. An introductory article on the ErgoTool: https://ergoplatform.org/en/blog/2019_12_31_ergo_tool/

    * ErgoCast #2 published: https://ergocast.io/

ergoplatform

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Re: [ANN][POW] Ergo Platform, the AAA class of PoW blockchains
« Reply #14 on: February 14, 2020, 11:29:46 AM »
Welcome to Smart Money

It’s the smartest crypto you’ve never heard of. Ergo takes the best of Bitcoin and integrates Sigma protocols so powerful they make Ethereum look like it would lose a game of chess against your cat. If you’re tired of spin and hype over solid tech, Ergo will remind you that in crypto, it’s always been fashionable to be intelligent. Bright is the new black, people, and Ergo is set to dazzle you.

DeFi is set to be the major blockchain trend for 2020. Many new smart contract platforms are positioning to become one of the handful of big players in the space. With a strong head start, competent development team and impressive network, Ethereum’s place in this billion-dollar (and growing) movement is assured. The others must offer something different – dramatically different – to differentiate themselves against this background. Ergo is a smart contracts and DeFi platform that may have what it takes to carve out a niche in this fast-moving and competitive new sector.

Powerful But Safe Contracts
Ethereum is an exceptional platform, but there are things it does not do well. Its Turing-complete smart contracts are powerful, but dangerous – as incidents from The DAO to the Parity wallet exploits have proven, with tens of millions of dollars in collateral damage. With complexity comes uncertainty, and potentially catastrophic vulnerabilities. Contracts can be expensive to run, and depending on network conditions may execute unpredictably – or not at all.

Ergo takes a fundamentally different approach to smart contract development. The team, which has extensive experience with blockchain platforms, frameworks and organisations from Nxt and Waves to Scorex and IOHK, has adopted a declarative model for programming whereby it’s always known in advance how much code will cost to run – and, indeed, whether it will run precisely as intended. While that might on the surface limit code complexity, it’s nevertheless possible to create Turing-complete scripts by iterating processes across multiple blocks. That means Ergo can support versatile dApps that run predictably, with known costs, and don’t have any of the dangers of unrestricted functionality.

Sigma protocols
The platform is unashamedly conservative, basing as many features as possible on Bitcoin – after all, Bitcoin is the most battle-tested crypto network in existence. Ergo’s UTXO model, PoW mining and finite supply draw on Bitcoin’s approaches to consensus and economic incentives.

But Ergo also incorporates cutting-edge research into new cryptographic processes, using Sigma protocols to enable DeFi applications that would be either complex and messy or simply impossible on other platforms. Sigma protocols are a well-known class of zero-knowledge proofs that allow developers to implement very powerful processes very elegantly. For example, what if you want to build a privacy service that allows any one of a dozen different accounts to spend funds from an address – but no one can tell who has made each transfer? Such a ‘ring contract’ is possible with Ethereum, but it would require a clunky and expensive workaround. With Ergo’s Sigma protocols, it’s possible to implement this kind of use case and many others quickly, efficiently and – above all – securely. Sigma protocols have not been deployed in such generic form within crypto before. Yet this kind of out-of-the-box functionality is hugely valuable, especially when no other DeFi platform offers it.

Get involved
Ergo’s team has been working on the project for over two years, attracting interest from some major players in the crypto space (including Cardano’s Charles Hoskinson) but avoiding mainstream attention until now. With the platform’s core functionality now substantially complete, the developers are seeking to expand the network, form new partnerships and make a mark in the nascent DeFi movement.

 

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