Глоссарий Ergo

An attack where someone controls majority hash power to potentially reverse transactions or double-spend.

Ergo's memory-hard, ASIC-resistant Proof-of-Work mining algorithm designed to keep mining accessible to consumer GPUs.

A DEX mechanism using liquidity pools and algorithms instead of order books for trading.

A trustless exchange of cryptocurrencies that either completes entirely or not at all.

Ergo's authenticated data structure for efficient state storage and verification.

Free distribution of cryptocurrency tokens to wallet addresses, often used for marketing, community building, or rewarding early adopters.

A precise set of instructions for solving a problem or performing a computation. In crypto, refers to mining algorithms (like Autolykos) or cryptographic algorithms.

Community members who represent and promote Ergo in their regions or areas of expertise, part of the Sigmanaut grassroots movement.

Regulatory framework requiring financial institutions to detect and prevent money laundering. Ergo's optional privacy allows compliance while preserving user choice.

Tools and methods for analyzing blockchain data - transaction patterns, network metrics, DeFi stats, and market data. Essential for research and informed decisions.

A programming interface that allows applications to interact with the Ergo blockchain, query data, submit transactions, and build dApps.

Crypto slang for buying into a project impulsively without thorough research. 'Aping in' means investing quickly based on hype or FOMO.

A specialized hardware chip designed exclusively for cryptocurrency mining, offering high efficiency but often leading to mining centralization.

The property of an algorithm that makes it difficult for ASIC devices to mine efficiently (important for Ergo).

The fundamental unit of state in Ergo - containers that hold ERG, tokens, data, and smart contract logic.

A mechanism allowing users to pay transaction fees in tokens other than ERG, improving accessibility and user experience.

Cross-chain protocols that enable transferring assets between Ergo and other blockchains like Ethereum and Cardano.

A distributed, immutable ledger that records transactions across a network of computers without central authority.

The amount of cryptocurrency awarded to miners for successfully adding a new block to the blockchain.

The first and most well-known cryptocurrency, a decentralized digital currency that operates on a blockchain and enables peer-to-peer transactions.

A collection of transactions bundled together and added to the blockchain as a permanent record.

Technique to reduce node storage by discarding old blockchain data while keeping cryptographic proofs. Ergo's NiPoPoWs enable efficient pruned nodes.

A blockchain's ability to survive attacks, network partitions, and economic pressures. Ergo achieves resilience through PoW, decentralization, and sustainable economics.

Measures and protocols put in place to protect a blockchain from various threats and vulnerabilities.

The maximum data capacity of a blockchain block. Ergo has adjustable block size through miner voting, balancing throughput with decentralization.

Specific tasks or projects listed by the Ergo community that developers can work on for rewards.

A protocol or platform that enables the transfer of digital assets between different blockchain networks.

The process of permanently removing cryptocurrency tokens from circulation, usually by sending them to an unspendable address.

Central Bank Digital Currency - government-issued digital money that Ergo provides a privacy-preserving, censorship-resistant alternative to.

The method by which blockchain nodes agree on the current state of the ledger.

The number of blocks added after a transaction, indicating how secure/final it is.

A movement advocating privacy-enhancing technologies and cryptography for social change.

The ability of a blockchain to process any valid transaction without discrimination, preventing governments, corporations, or other entities from blocking or reversing transactions.

A cryptocurrency exchange operated by a centralized company or authority, which holds custody of users' funds.

Git command to create a local copy of a remote repository. First step for contributing to Ergo open-source projects on GitHub.

The collective source code of a software project.

Native cryptocurrencies that operate on their own blockchain (like ERG on Ergo, BTC on Bitcoin), as opposed to tokens which run on another blockchain.

A service that combines and mixes cryptocurrency transactions to enhance privacy and make tracing transactions difficult.

A cryptocurrency wallet that is not connected to the internet, providing enhanced security for storing funds offline.

The idea that the Ergo community, through collaborative efforts and contributions, can collectively advance the platform's development and success.

A comprehensive resource hub available in multiple languages where community members contribute information and resources to make Ergo more accessible globally.

The practice of promoting and raising awareness of Ergo within the community, often through collaborative efforts, discussions, and content creation.

A developer working on Ergo's fundamental protocol, node software, or core libraries. Core devs maintain the blockchain's foundation and implement protocol upgrades.

Ergo's stance against the centralization of banking and the misuse of money, aiming to provide individuals with more control over their financial interactions.

An ideology stating that Ergo is designed to serve ordinary individuals and protect their interests rather than favoring large entities.

A text-based interface that allows users to interact with software or a blockchain node by typing commands.

A pool of resources or tokens set aside to support community initiatives, development, and ecosystem growth.

The process by which a blockchain network agrees on the state of the ledger and validates transactions.

The ability to transfer assets or data between different blockchain networks.

A service or wallet where a third party holds and manages users' funds on their behalf.

Decentralized Finance - financial services built on blockchain without traditional intermediaries like banks.

Decentralized Autonomous Organizations - community-governed entities with rules encoded in smart contracts.

Distribution of control across many participants rather than concentration in a single authority.

A peer-to-peer exchange that allows trading cryptocurrencies without intermediaries or custody.

Automatic adjustment of mining difficulty to maintain consistent block times despite hash rate changes.

Fraudulently spending the same cryptocurrency twice, which blockchain consensus prevents.

An organization governed by rules encoded as smart contracts, with decisions made by token holders or community members.

Community fund supporting privacy-focused development on Ergo, including ErgoMixer improvements, Sigma protocol research, and privacy dApps.

Ergo's approach to making decisions about changes to the blockchain, ensuring community-driven leadership.

The setup on your local system that allows you to build and test documentation changes before contributing.

A program that recognizes and rewards significant contributions made to the development and improvement of Ergo's repositories, including its codebase and technical infrastructure.

Local server for testing code changes before deployment. Essential for dApp development, showing real-time updates as you code.

The mechanism that adjusts mining difficulty to maintain consistent block times. Ergo adjusts difficulty every epoch to target ~2 minute blocks.

The organization of files and folders in a project. Understanding structure helps navigate Ergo codebases and contribute effectively.

An online platform where developers and community members can engage in discussions and collaborate on Ergo-related projects and/or channels.

A centralized location, often hosted on platforms like GitHub, where educational content and documentation related to Ergo are stored and managed.

Tiny, negligible amounts of cryptocurrency that are not practical to spend due to transaction fees.

A common phrase in crypto encouraging users to research projects and risks before investing.

Extended Unspent Transaction Output - Ergo's programmable UTXO model that combines Bitcoin's security with smart contract capabilities.

Ergo's smart contract language - a declarative, Scala-based language for defining spending conditions on boxes.

A non-custodial mixing service on Ergo that uses Sigma Protocols to break transaction links for privacy.

The predetermined rate at which new ERG is created through mining, designed for fair distribution and long-term sustainability.

A non-profit entity that supports Ergo ecosystem development without controlling the protocol.

The process and schedule by which new coins or tokens are released into circulation on a blockchain.

The act of enabling and supporting community members to take an active role in the growth and innovation of the Ergo ecosystem.

A set of guidelines and standards used for proposing and implementing continuous improvements to Ergo.

The official community forum for in-depth Ergo discussions, proposals, and long-form content. Complements Discord for more permanent, searchable conversations.

The set of main principles that should be followed in the Ergo protocol, defining its core values and guiding philosophy.

Annual community conference featuring talks on Ergo technology, ecosystem projects, and roadmap. Usually held virtually with global participation.

The native token of the Ergo blockchain, used as a unit of value and for various purposes within the Ergo ecosystem.

An individual who has a strong interest in Ergo and its technology but may not necessarily be a developer or marketer.

A formal specification document for proposing changes to Ergo's protocol, standards, or ecosystem. Similar to Bitcoin's BIPs or Ethereum's EIPs.

The runtime environment for Ethereum smart contracts - a global computer that executes Solidity code. Ergo uses a different model (ErgoScript on eUTXO) with distinct advantages.

A cryptocurrency launch with no pre-mine, no ICO, and no insider allocation - all coins are earned through mining from day one.

The guarantee that a transaction cannot be reversed or altered once confirmed.

Exploiting advance knowledge of pending transactions to profit, common in DeFi on account-based chains.

The ability to control your own money without permission from banks or governments.

A service that dispenses small amounts of cryptocurrency for free, usually for testing or onboarding new users.

Buying and quickly selling an asset for profit. Common with NFTs and new token launches. Contrasts with 'hodling' for long-term gains.

A hypothetical event where one cryptocurrency overtakes another in market capitalization or importance.

A psychological phenomenon where people feel anxious about missing potential gains, leading to impulsive buying.

A change to a blockchain's protocol that creates a new version of the chain, which can be either backward-compatible (soft fork) or not (hard fork).

Equal opportunity for all participants without insider advantages. Ergo's fair launch, ASIC-resistance, and MEV-resistance embody this principle.

A process in which cryptocurrency holders provide liquidity to DeFi protocols and receive rewards in return.

Government-issued currency, such as the US Dollar or Euro, that is not backed by a physical commodity like gold or silver.

The various financial transactions and operations conducted by the Ergo Foundation to support the ecosystem's development.

A tactic used to spread negative or misleading information to create fear and uncertainty among cryptocurrency users or investors.

The vision of Ergo as a blockchain platform that plays a pivotal role in the future of decentralized finance (DeFi).

A non-profit organization that supports the development, promotion, and governance of a blockchain ecosystem.

Using graphics cards (GPUs) to mine cryptocurrency, as opposed to specialized ASIC hardware.

The system by which blockchain protocol changes and community decisions are made.

A unit of measurement for the computational effort required to execute transactions and smart contracts on a blockchain.

The very first block of a blockchain (block 0), which establishes the initial state and from which all subsequent blocks are derived.

Community treasury for funding Ergo ecosystem development, marketing, and community initiatives through transparent proposal and voting processes.

A financial system that prioritizes the inclusion of everyday individuals and small businesses, aligning with Ergo's vision.

Crypto community greeting meaning 'Good Morning.' Used globally regardless of timezone to build community spirit. Often paired with 'GN' (Good Night).

A visual interface that allows users to interact with software using graphical elements like buttons and menus, rather than text commands.

A denomination of Ether (ETH), equal to one billion (1,000,000,000) wei.

The total computational power securing a Proof-of-Work blockchain, measured in hashes per second.

Recognition of outstanding Ergo contributors - developers, community builders, researchers, and educators who significantly advanced the ecosystem.

A type of blockchain fork that is not backward-compatible, resulting in a split and the creation of a new chain.

A physical device that stores cryptocurrency private keys offline, providing the highest level of security against hacks and malware.

A mathematical function that converts input data into a fixed-size string of characters, used to ensure data integrity and secure transactions.

Crypto slang for 'Hold On for Dear Life' - a long-term investment strategy of holding cryptocurrency through market volatility rather than selling.

A cryptocurrency wallet connected to the internet, providing convenient access for daily transactions but with higher security risks than cold storage.

A legal framework used to determine whether a financial instrument qualifies as an 'investment contract' under US securities law.

Mechanisms designed to encourage specific behaviors, such as mining or developing on the Ergo network.

A visual representation of information or data designed to make complex concepts more understandable.

The user-facing layer of blockchain applications - wallets, DEX frontends, and dApp UIs that make complex protocols accessible to regular users.

UTXOs are well-suited for off-chain and sidechain protocols, enabling seamless integration with various solutions beyond the main blockchain, promoting interoperability.

The process of filling roles, such as paid community manager positions, from within the existing Ergo community based on demonstrated skills and contributions.

A specific update introduced in Ergo's Node V5, designed to enhance block capacity and transaction processing speed.

A lightweight data-interchange format that is easy for humans to read and write, and easy for machines to parse and generate.

It emphasizes the importance of understanding the underlying assumptions and principles in various contexts, such as cryptocurrencies, decentralized finance (DeFi), and decision-making processes, t...

A process used by businesses and financial institutions to verify the identities of their customers.

Wallet software that verifies blockchain state without downloading the full chain, enabled by NiPoPoWs on Ergo.

Smart contract holding paired tokens that enables decentralized trading on AMM exchanges.

Scaling solutions built on top of a base blockchain (Layer 1) to increase throughput and reduce fees.

The base layer of Ergo's scalability model, responsible for network communication and peer-to-peer interactions.

The core blockchain layer of Ergo's scalability model, where the main blockchain transactions and consensus mechanisms operate.

Nodes in the Ergo network that support light clients and allow for trustless contract execution on common devices.

Wallet software that verifies blockchain data without downloading the full chain. Ergo's NiPoPoWs enable truly trustless light clients with cryptographic proofs.

The ease with which an asset can be bought or sold without significantly affecting its price - high liquidity means easy trading with minimal slippage.

A liquidity provider is someone who deposits tokens into a liquidity pool.

A feature allowing the existence of light miners who can bootstrap using block headers without downloading the entire blockchain, enhancing network scalability.

The potential for individuals who actively engage with the Ergo community to establish ongoing partnerships and collaborations with the Ergo Foundation.

The base network or peer-to-peer layer in a blockchain, responsible for communication and data propagation.

The base blockchain protocol that handles consensus, security, and transaction finality. Ergo is a Layer 1 blockchain with native smart contract capabilities.

An off-chain or secondary protocol built on top of a Layer 1 blockchain to improve scalability and reduce costs.

A Layer 2 payment protocol on Bitcoin enabling instant, low-cost transactions through payment channels. Ergo has its own scaling solutions better suited to its eUTXO model.

A mining approach that allows light miners to bootstrap using block headers without downloading the entire blockchain.

Ergo's design features that prevent Maximal Extractable Value attacks like front-running and sandwich attacks common on Ethereum.

A data structure that efficiently summarizes and verifies large datasets using cryptographic hashes.

A group of miners combining hash power to find blocks more consistently and share rewards.

The waiting area for unconfirmed transactions before they're included in a block.

Indicates substantial updates or additions that require setting up a local development environment for documentation changes.

Malicious software that can steal crypto by replacing wallet addresses, logging keystrokes, or compromising seed phrases. Always verify downloads from official sources.

An entity that provides liquidity by continuously quoting buy and sell prices, profiting from the spread while enabling smooth trading for others.

A mining algorithm that requires significant memory (RAM/VRAM) to solve, making ASIC development economically impractical and promoting GPU mining decentralization.

Parameters that miners can modify to influence the network's scalability, including block size and transaction size, affecting throughput and computational load.

Refers to small edits or updates that can be made directly through the GitHub interface, typically for minor corrections or improvements.

The process of obtaining ERG tokens by solving computational problems using hardware and electricity.

Individuals or entities who use computing power to validate transactions, secure the Ergo network, and earn ERG rewards through the Autolykos Proof-of-Work algorithm.

The total value that miners (or validators) can extract from block production, often by reordering, including, or excluding transactions.

Transaction fees paid to miners for including transactions in blocks. Ergo fees are predictably low (~$0.01) and based on transaction size, not network congestion.

A process that obscures the origin and destination of cryptocurrency transactions for increased privacy.

Ergo's extended UTXO model, detailed in a peer-reviewed paper, enables the implementation of Turing-complete smart contracts, offering advanced scripting capabilities.

The primary, live blockchain network where real transactions take place and have real value.

A privacy tool that combines multiple cryptocurrency transactions to obscure their origin and destination.

A slang term for a cryptocurrency's price rising dramatically, often used with the phrase 'to the moon!

Non-Interactive Proofs of Proof-of-Work - cryptographic proofs that allow light clients to verify blockchain state without downloading the full chain.

First-class tokens on Ergo that exist at the protocol level without requiring smart contracts, enabling efficient multi-asset transactions.

Non-Fungible Tokens - unique digital assets on Ergo representing art, collectibles, or any unique item.

A unique digital token representing ownership of a specific asset, artwork, or item.

Crypto slang for poor decisions likely to fail. Opposite of WAGMI (We're All Gonna Make It). Used humorously or critically about bad trades or weak hands.

Early-stage projects in the Ergo ecosystem still in development. Higher risk but potential for growth. DYOR before participating.

Tokens built directly into a blockchain's protocol (like ERG on Ergo), as opposed to smart contract tokens. Native assets have first-class support without wrapper contracts.

A fee paid by users to include their transactions in a blockchain network and incentivize miners or validators.

A cryptocurrency wallet where the user has full control (ownership) over their private keys and funds without relying on a third party.

Decentralized data feeds on Ergo where multiple oracles post data on-chain, aggregated into reliable price feeds for DeFi applications.

A service that brings external real-world data onto the blockchain for smart contracts to use.

Ergo operates on an open model where contributions from the community are encouraged and highly regarded.

Software or technology that is publicly accessible and can be freely examined, modified, and distributed.

An instruction to buy or sell an asset at specified conditions. On Ergo DEXs like Spectrum Finance, orders interact with AMM pools or can be limit orders.

An order book system is similar to what you will see on traditional centralized exchanges.

When performing a swap, this is the range of expected output you will receive depending on slippage.

A consensus mechanism where miners expend computational energy to secure the network and validate transactions.

A consensus mechanism where validators stake tokens to secure the network, contrasted with Ergo's Proof-of-Work approach.

Ergo's built-in privacy capabilities including Sigma Protocols, ErgoMixer, and stealth addresses for optional transaction privacy.

A formal request submitted by a developer who has completed a task or project, requesting payment for their work.

Refers to the philosophy that the Ergo protocol should be open and inclusive, allowing anyone to join the network and participate in the protocol without requiring preliminary actions

A fraudulent attempt to obtain sensitive information like usernames, passwords, and financial details by posing as a trustworthy entity.

Refers to the right to keep personal information and activities confidential and secure from unauthorized access or disclosure.

A scaling solution for blockchain networks that creates child chains connected to a main blockchain, enabling faster and cheaper transactions while maintaining security.

Ergo's suite of privacy-enhancing technologies including Sigma protocols for zero-knowledge proofs and ErgoMixer for transaction mixing, enabling optional privacy for users.

A consensus mechanism in which validators are chosen to create new blocks and secure a blockchain network based on the number of tokens they hold and 'stake.

A consensus algorithm used by Ergo and many other blockchains, where miners compete to solve complex mathematical puzzles to validate transactions and create new blocks.

Closed-source intellectual property owned by specific entities. Ergo is fully open-source with no proprietary components, ensuring transparency and community ownership.

Ergo's decentralized bridge for transferring assets between Ergo and other blockchains.

ErgoRaffle is a decentralized crowdfunding and lottery platform on Ergo with provably fair randomness and transparent, automated prize distribution.

Additional reading materials, articles, documentation, and videos related to Ergo's eUTXO model and its advantages.

The process in which the Ergo team evaluates the work submitted by a developer to ensure it meets the specified criteria and quality standards.

The process of assigning bounties or rewards to contributors based on the quality and impact of their contributions.

Zero-knowledge proof protocols native to Ergo that enable privacy features and complex cryptographic conditions without trusted setup.

Ergo's mechanism where inactive UTXOs pay small fees after ~4 years, preventing state bloat and providing sustainable miner revenue.

Ergo's algorithmic stablecoin backed by ERG reserves, using the AgeUSD protocol for crypto-collateralized stability.

A scalability feature that increases Ergo's throughput by allowing parallel transaction processing between main blocks.

Cryptocurrencies designed to maintain a stable value, typically pegged to fiat currencies like USD.

Self-executing programs stored on blockchain that automatically enforce agreement terms when conditions are met.

A 12-24 word recovery phrase that can restore your entire wallet and all its funds.

A cryptocurrency designed to maintain a stable value, usually pegged to fiat currency like USD.

The reserve token in the SigmaUSD protocol that absorbs ERG price volatility for potential profits.

A separate blockchain connected to a main chain, enabling specialized functionality while inheriting security.

A MEV attack that places transactions before and after a victim's trade to extract profit.

Another advantage of the UTXO model is its inherent support for parallel transaction processing, simplifying network scalability.

A programming language used to specify the rules for spending cryptocurrency.

A comprehensive assessment conducted to evaluate the security of certain components or aspects of Ergo.

A scaling technique that divides the blockchain into smaller, parallel chains to increase throughput while maintaining security.

A collaborative platform where community members can work together on visual content and design projects related to Ergo.

A scaling solution that allows parties to conduct off-chain transactions while maintaining the security guarantees of the main blockchain.

An individual who has applied to the Sigmanauts Program and is in the initial stage of becoming a Sigmanaut, where they can showcase their skills and contributions.

Composable zero-knowledge proof system built into ErgoScript, enabling privacy features, multi-signatures, and complex authentication without revealing secrets.

Ergo's community-driven initiative to decentralize governance and operations, transitioning responsibilities from the Ergo Foundation to community members (Sigmanauts).

Members of the Ergo community who actively participate and contribute to the platform's growth and development.

A backward-compatible blockchain upgrade where old nodes can still validate new blocks, but may not understand all new features.

The act of holding and locking up cryptocurrency tokens in a wallet to support network operations and earn rewards.

Strategies to address the growth of blockchain state size (state bloat), which can impact scalability, including persistent updatable storage and a Storage Rent Fee to reduce network pollution.

The process of proposing and sharing your documentation changes with the maintainers by creating a pull request on GitHub.

Small payments to miners for processing and including transactions in blocks.

A digital asset created on a blockchain, representing value, utility, or ownership.

The foundational technology stack supporting Ergo: nodes, APIs, explorers, indexers, SDKs, and tooling that enable the ecosystem to function.

A messaging service where community members engage in discussions and collaborate on various aspects of Ergo and projects on Ergo

Digital assets that exist and function within the frameworks of an existing blockchain network rather than having their own separate blockchain.

The study of the economic aspects of cryptocurrency tokens, including their distribution, circulation, and usage.

A network that enables anonymous communication and web browsing by routing internet traffic through a series of servers and relays.

An exchange of data or value between participants on a blockchain network, typically involves the transfer of cryptocurrency.

The size limit for transactions in the mempool, which miners can adjust to balance transaction processing capacity and the computational load on nodes.

A document that provides a comprehensive overview of financial activities and expenditures, ensuring openness and accountability.

The funds set aside by the Ergo Foundation to support the growth and development of the Ergo ecosystem.

A property of a computational system that can simulate a Turing machine, indicating that it can perform any computation that a Turing machine can, given enough resources.

A measure of the total funds (cryptocurrency) locked in a specific protocol or smart contract in the DeFi ecosystem.

The Growth and Creative categories within the Sigmanauts Program, each catering to different strengths and skills of community members.

Optional fees charged by frontend interfaces for DeFi protocols, rewarding developers who build user-friendly access to decentralized applications.

A foundational concept in blockchain technology where transactions create outputs, which can later be used as inputs in new transactions.

A soft upgrade mechanism that allows adding new features to a blockchain without requiring all nodes to upgrade simultaneously.

Venture Capital-funded blockchains with insider token allocations, contrasted with Ergo's fair launch model.

A participant in a blockchain network responsible for validating transactions and maintaining the integrity of the network.

An investor or firm that provides capital to startups and small businesses, usually in exchange for an allocation of the project's tokens at a significantly lower price.

A blockchain upgrade mechanism that introduces new features without requiring all nodes to upgrade, maintaining backward compatibility while enabling new functionality.

A service that masks your IP address and encrypts internet connections to enhance online privacy and security.

Software or hardware that stores private keys and enables sending/receiving cryptocurrency.

Block candidates with lower proof-of-work difficulty that serve as temporary placeholders, enabling faster transaction confirmations and optimizing network bandwidth, improving scalability.

The next generation of the internet, aiming to create a more decentralized and user-centric web experience using blockchain technology.

A document that explains the concept, technology, and implementation details of a cryptocurrency or blockchain project.

Returns earned on cryptocurrency holdings through activities like liquidity provision, lending, or other DeFi strategies - expressed as APY (Annual Percentage Yield).

A process in which cryptocurrency holders provide liquidity to DeFi protocols and receive rewards in return.

Cryptographic methods that allow one party to prove the truth of a statement to another party without revealing any additional information.

Zero-Knowledge Succinct Non-Interactive Argument of Knowledge - a cryptographic proof system that allows one party to prove they know a secret without revealing the secret itself.

Zero-Knowledge Scalable Transparent Argument of Knowledge - a cryptographic proof system that provides transparency and quantum resistance without requiring a trusted setup.

A layer 2 scaling solution that aggregates multiple transactions into a single proof, enabling faster and more scalable blockchain transactions while maintaining security and decentralization.