What is
A tactic used to spread negative or misleading information to create fear and uncertainty among cryptocurrency users or investors.
A tactic used to spread negative or misleading information to create fear and uncertainty among cryptocurrency users or investors.
Common questions about this topic
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.
This is not financial advice. Ergo has strong fundamentals: fair launch (no VC dump risk), innovative technology (eUTXO, Sigma Protocols, NiPoPoWs), active development, and a cypherpunk ethos. It's a smaller market cap project with higher risk/reward than established chains. Research thoroughly, understand the technology, and never invest more than you can afford to lose.
Sigma Protocols are zero-knowledge proof systems that let you prove statements about data without revealing the data itself. On Ergo, they're built into ErgoScript, enabling privacy-preserving smart contracts. You can prove you own funds, meet conditions, or belong to a group - all without exposing your identity or exact values.
Ergo mining profitability depends on your electricity cost, GPU efficiency, and ERG price. Use mining calculators with your specific hardware and power costs. Ergo is one of the most profitable GPU-mineable coins due to Autolykos being ASIC-resistant. Profitability improves significantly with cheap electricity.