What is
A consensus mechanism where miners expend computational energy to secure the network and validate transactions.
Proof-of-Work (PoW) is a consensus mechanism where miners compete to solve cryptographic puzzles, expending real-world energy to secure the blockchain. Ergo uses Autolykos PoW, which is memory-hard and GPU-friendly. PoW provides strong censorship resistance because anyone can mine without permission.
Securing the Ergo blockchain
Fair coin distribution through mining
Censorship-resistant transaction processing
Decentralized network consensus
In PoW, miners hash block headers until finding a value below the difficulty target. This requires significant computation but verification is instant. Ergo's Autolykos adds memory-hardness (~2.5GB), making ASICs uneconomical while remaining efficient on consumer GPUs.
Common questions about this topic
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.
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.
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.
Ergo had no pre-mine, no ICO, no VC allocation. 100% of ERG comes from mining. This means no insiders dumping on you, no VCs controlling governance, no foundation with majority stake. Fair launch creates genuine decentralization - the network belongs to miners and users, not early investors seeking exit liquidity.