What is
Software or technology that is publicly accessible and can be freely examined, modified, and distributed.
Software or technology that is publicly accessible and can be freely examined, modified, and distributed.
Common questions about this topic
Building DeFi on Ergo starts with understanding the eUTXO model and ErgoScript. Unlike account-based chains, Ergo's box model provides deterministic execution, no MEV by design, and predictable gas costs. Use Oracle Pools for price feeds, and leverage existing patterns from Spectrum Finance and SigmaUSD.
Different privacy models for different needs. Monero provides always-on, protocol-level privacy with ring signatures. Ergo offers optional privacy via Sigma Protocols with selective disclosure - you can prove things about data without revealing the data. Ergo excels at programmable privacy (private smart contracts), while Monero excels at simple private transfers.
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.
Yes, Ergo is highly secure. It uses Proof-of-Work (the same security model as Bitcoin), has never been hacked, and the eUTXO model eliminates entire classes of smart contract vulnerabilities. The code is open-source and peer-reviewed. Your security also depends on proper seed phrase management.