Consensus & Mining
Beginner
What is
ERGs?
The native token of the Ergo blockchain, used as a unit of value and for various purposes within the Ergo ecosystem.
The native token of the Ergo blockchain, used as a unit of value and for various purposes within the Ergo ecosystem.
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Frequently Asked Questions
Questions about ERGs
Common questions about this topic
How do NFTs work on Ergo?
Ergo NFTs are native tokens with quantity of 1, making each unique. Unlike Ethereum where NFTs need smart contracts, Ergo NFTs are first-class protocol citizens. Mint for minimal fees (~0.001 ERG), trade on SkyHarbor marketplace, and enjoy full eUTXO security. NFTs can include rich metadata and royalties.
Explainer
Technology
How do miners earn money on Ergo?
Ergo miners earn from three sources: block rewards (newly minted ERG), transaction fees, and storage rent. Block rewards decrease over time according to the emission schedule, but storage rent ensures long-term income even after all ERG is mined. Most miners use pools for consistent payouts.
How-to
Mining
How to use SigmaUSD stablecoin?
SigmaUSD is Ergo's algorithmic stablecoin pegged to USD. Mint it by depositing ERG as collateral on sigmausd.io. Use for stable value storage, trading pairs, or DeFi. Redeem anytime for ERG. The protocol uses SigRSV to absorb volatility - SigRSV holders take on risk for potential profit.
How-to
DeFi
How to buy ERG cryptocurrency?
Buy ERG on centralized exchanges (KuCoin, Gate.io, CoinEx) or decentralized exchanges (Spectrum Finance). First create a wallet (Nautilus recommended), then purchase ERG and withdraw to your wallet. Never leave large amounts on exchanges - self-custody is key.
How-to
Getting Started