Consensus & Mining
Beginner
What is
Consensus Mechanism?
The method by which blockchain nodes agree on the current state of the ledger.
Consensus mechanisms allow distributed nodes to agree on which transactions are valid and in what order. Ergo uses Autolykos, a memory-hard Proof-of-Work consensus that requires miners to solve computational puzzles. This ensures security through energy expenditure while remaining ASIC-resistant for fair participation.
Key Points
- Ensures all nodes agree on ledger state
- PoW (Ergo) vs PoS (Ethereum) approaches
- Autolykos is memory-hard, ASIC-resistant
- Security comes from computational cost
- Prevents double-spending attacks
- Enables trustless operation
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Frequently Asked Questions
Questions about Consensus Mechanism
Common questions about this topic
How to get started with Ergo?
Start by getting a wallet (Nautilus for browser, Terminus for mobile). Back up your seed phrase securely offline. Get some ERG from an exchange (Gate.io, KuCoin) or DEX (Spectrum). Make a test transaction. Then explore: try DeFi on Spectrum, check out NFTs, or dive into the technology if you're a builder.
How-to
Getting Started
What is the best GPU for Ergo mining?
For Ergo mining, GPUs with high memory bandwidth perform best. Popular choices include NVIDIA RTX 3060 Ti, 3070, 3080, and AMD RX 6800 XT. Minimum 4GB VRAM required. The best GPU depends on your budget, electricity cost, and availability. Efficiency (hashrate per watt) matters more than raw hashrate.
Explainer
Mining
How to use Spectrum DEX on Ergo?
Connect your Nautilus wallet to Spectrum Finance, select tokens to swap, review the rate and slippage, then confirm. Spectrum uses AMM liquidity pools for instant trades. You can also provide liquidity to earn fees. All trades are atomic - they complete fully or not at all, with no front-running possible.
How-to
DeFi
How to provide liquidity on Ergo?
On Spectrum Finance, select a pool, deposit equal value of both tokens, and receive LP tokens representing your share. You earn a portion of all trading fees. Withdraw anytime by returning LP tokens. Be aware of impermanent loss if token prices diverge significantly.
How-to
DeFi